EXPLORATION OF THE FORMATION PATH OF KEY CORE TECHNOLOGY CAPABILITIES OF HIDDEN CHAMPION MANUFACTURING ENTERPRISES

Author Name: 1. Huabin Wu, 2. Chenxi Mao

Volume/Issue: 05/03

Country: China

DOI NO.: 08.2020-25662434 DOI Link: https://doi-ds.org/doilink/08.2024-36377943/UIJIR

Affiliation:

Zhejiang University of Finance and Economics Dongfang college, Haining, Zhejiang, China.

ABSTRACT

Against the background of the acceleration of economic globalization and the increasingly fierce competition of manufacturing enterprises, the key for hidden champion enterprises, as manufacturing enterprises that are not well known to the public but can occupy a leading position in a certain industry segment or market, is the importance of core technology in their development. The exploration of the formation path of the key core technological capabilities of hidden champion manufacturing enterprises has reference significance for the development of general manufacturing enterprises in China and promotes the transformation and upgrading of manufacturing enterprises. The survey revealed that the development path of the formation of key core technologies of hidden champion manufacturing enterprises often faces problems such as insufficient policy support, a varied market environment, strong technology dependence, and imperfect enterprise management methods. The formation of the key core technical capabilities of the hidden champion manufacturing enterprise is not accomplished overnight but rather through a process of gradual construction and optimization on the basis of the integration of resources and strategic layout. On the basis of the above problems, the internal paths are explored from the three perspectives of the environment, technology, and management to enrich the theoretical system of the formation of key core technologies. The key core technologies should be gradually created and enhanced, providing a new development perspective for the transformation and upgrading of the hidden champion manufacturing enterprises in fierce market competition.

Key words: hidden champion; core technology capability; manufacturing enterprise; path exploration