Study on the Role of Technological Innovation in Business Administration ()
ABSTRACT
With China’s economic development and social
progress, China has made great achievements in business administration, and
companies in China have grown rapidly. At the same time, companies also face a
variety of challenges. While, business administration can enable companies to
develop rapidly. Innovative business management could give full of vitality to
the development of enterprises. And it has become the trend today. This paper
first expounds the current development status of enterprise business
management, then analyzes the role of technological innovation in business
management, then discusses the strategies of the application of scientific and
technological innovation in three aspects, that is, increasing the emphasis on
the application of scientific and technological innovation, strengthening the
cultivation of talents, and increasing the financial investment of scientific
and technological innovation. At last, taking Xiaomi as an example, this paper
analyzes the importance of technological innovation in business management. Innovation in business management science and
technology can effectively make enterprises sustainable development.
Share and Cite:
Ni, H. (2018) Study on the Role of Technological Innovation in Business Administration.
Modern Economy,
9, 1619-1624. doi:
10.4236/me.2018.910100.