Innovation System In Hong Kong
Innovation enhances competitiveness of a business and adds values to products and services. However, innovation is never an easy job. It involves substantial costs, time and resources. Never does it possible without any subsidies and great support. Thus, government and business sectors in Hong Kong (HK) have spent tons of effort and adopt various policies on innovation to enhance economic growth and its competitiveness. The followings will be a brief abstract of the role of government and business sectors on innovation in HK:
1. Overview of Hong Kong innovation activities:
1.1 Recent trend of innovation activities in HK
Innovation can be distinguished by technological, involved improvement on goods, and non-technological innovation, involved management theories of businesses From Graph 1 below, it is found that innovation activities taken in HK in recent years were mainly non-technological innovation activities. In 2005, 48% of the firms, increased from 14% in 2001, in HK......
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