ABSTRACT
CVC has been widely promoted and applied in the field of subversive innovation, which can well solve the problem of financing subversive innovation and further help the bottom source innovation. Through the case study of Google and Huawei indirect and direct investment in AI and 5G communications, the periodic characteristics, dual motivations and basic approaches of CVC to promote disruptive innovation are refined from the investment behaviour rules, investment strategy objectives, investment measures and means in the process of CVC investment in disruptive innovation. It is found that in the process of CVC promoting disruptive innovation, the characteristics formed in the seed stage, growth stage and maturity stage of disruptive innovation are different; CVC motives for promoting disruptive innovation include both external and internal motives; CVC adopts effective measures and means from the industrial, information and policy levels to promote the realisation of disruptive innovation. Based on the research conclusion, relevant enlightenment is obtained to provide theoretical support and practical reference for in-depth exploration of the internal mechanism of CVC in promoting disruptive innovation.
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Zeming Song
Zeming Song is a PhD candidate in School of Management at Guangdong University of Technology, China. His current research focuses on technology innovation management and disruptive innovation.
Guangyu Zhang
Guangyu Zhang received the PhD degree from South China University of Technology, China. He is currently a full professor and doctoral supervisor in School of Management at Guangdong University of Technology, China. His current research focuses on technology innovation management, disruptive innovation and enterprise strategic management.
Haiwen Dai
Haiwen Dai received the PhD degree from Hunan University, China. She is currently a lecturer and master supervisor in School of Management at Guangdong University of Technology, China. Her current research focuses on technology innovation management and knowledge management.