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HowDoConventionalEnterprisesTurnintoInnovative
Ones：TheoreticalModelandBaosteelCase
WANGYun-mei1，SIChun-lin1，XIAFan1，LEEKing-Lien2
（1．SchoolofManagement，FudanUniversity，Shanghai200433，China；2．DepartmentofElectro－Optical
Engineering，NationalTaipeiUniversityofTechnology，Taiwan10608，China）
Abstract：Inthehistoryofeconomydevelopment，sustainablecompetitiveadvantagesevolvedfrommanufacturecapa-bilitytocorecompetenceandknowledgeassets．Withthechangesbusinessmodelsofenterprises，itresultsinthefor-mationofmoderninnovativeenterpriseswhichrelyoninnovationtomakeprofits，survive，anddevelop．Basedonanal-ysisoftheevolution，athree－stagemodelofinnovativeenterprisesevolutionisproposed．Basically，theevolutionmodelconsistsofthefirststageoftechnologymanagement，thesecondstageofinnovationmanagement，andthethirdstageofintellectualpropertiesoperation，allofwhichformthegeneralbusinessmodelofinnovativeenterprises．Thehy-pothesesaretestifiedbythecasestudyontheevolutionofBaosteelGroupCorporation．Thepoliciesoffosteringinnova-tiveenterprisesaresuggestedthereafter．
Keywords：innovativeenterprise；businessmodel；evolutionarymodel；knowledgeassets；sustainablecompetitivead-vantage