The main body of innovation is the enterprise.
Form of innovation: technological innovation is not a technological invention, but rather through technological innovation (i.e. innovation), and technology itself does not need revolutionary changes.
Schumpeter demonstrated that innovation is the core force of economic development, and it is to establish a new production function and introduce an unprecedented new combination of production factors and production conditions into the production system.
He also redefined the basic concepts and phenomena of economics such as interest, profit and economic cycle according to innovation. Because the rapid development of American economy in 1950s can't be explained by traditional capital and labor factors, people began to believe the contribution of technological progress to economic growth, and the significance of public investment in R&D has been proved one after another, which deepened people's understanding of the economic significance of technological innovation.
China's research on technological innovation is relatively late, and its theories and methods are still drawing lessons from western models. Theoretically speaking, if an enterprise wants to develop, it must constantly optimize according to market demand and carry out internal innovation. In fact, only some enterprises can succeed in the process of innovation. Internal optimization and reorganization will encounter the political rights struggle of large enterprises. In the process of innovation and integration, part or all of the value chain may be reorganized, and there will always be an integration period, during which the production and management of enterprises will be affected to some extent, thus making the management of enterprises bear great shareholder pressure. Management theory researchers hope to seek reliable ways of technological innovation from successful enterprises. In recent years, some progress has been made in these studies.