The Rise of Knowledge-Based Companies in China’s Economic Development

  At different stages of economic development, there are always some star companies rising. BYD, Ningde Times, and Huawei are currently dazzling star companies. Their industries and products are different, but one thing is the same, that is, they are all typical knowledge-based companies.
  Knowledge-based companies are high-end human capital-intensive enterprises based on clusters of scientists. Knowledge leadership has become the core advantage and growth momentum of enterprises. The knowledge-based company is an important symbol of the development of the present era, and it is also an inevitable requirement of the development of the era.
  Times make heroes. Economic development is intrinsically linked to the transformative growth of business organizations. Since China’s reform and opening up, it has undergone institutional changes from a planned economy to a market economy, a profound transformation from a shortage economy to a surplus economy, and a huge leap from the initial stage of the industrial structure to an advanced one. In this process, commercial organizations have generally gone through three stages, namely, the opportunistic growth stage: whoever dares to be the first to eat crabs will often make money; You can make money; knowledge-based company stage: the more you climb up the industrial chain, the higher the requirements for specialization and innovation. You can’t get started without knowledge, you can’t come out without specialization, you can’t compete without speciality, and you can’t market without innovation. Enterprises become a complex of scientific research and development + business.
  The essence of the British Industrial Revolution was a revolution in science and business organization. Before the Industrial Revolution, human technological progress was mainly based on the accumulation of experience of skilled craftsmen, and economic growth was linear. The scientific revolution shifted the main battlefield of technological progress to scientists’ scientific laboratories. Scientific experiments and inventions became important engines for the development of productivity, and economic growth showed geometric growth. Thus, the steam engine changed the world. Fundamental changes have taken place in the industrial form of the British economy, the organizational form of enterprises, the efficiency of production procedures, and the management of laborers. It was also during this historical period that China, which had been ahead of the world economy for thousands of years, began to be overtaken by Western Europe. Science is a great historical lever and revolutionary force. It has changed the face of the world’s economic and social development, as well as the world pattern.
  Compared with Britain, the United States is also a latecomer to economic success. In the history of the growth of commercial organizations in the United States, one thing that has attracted attention is the entrepreneurialization of scientists themselves. The classic representatives are Ford, Edison, Jobs, and Musk. Ford was originally a senior engineer who resigned from a well-paid job to start Ford Motor; Edison was a scientist who invented the electric light and also founded the General Electric Integrated Equipment System; as an inventor, Jobs was the co-founder of Apple Musk is an academician of the National Academy of Engineering and a fellow of the Royal Society of the United Kingdom. He is an entrepreneur, engineer, and inventor.
  The National Academy of Sciences of the United States was established about 200 years later than that of the United Kingdom, but one of the advantages of the United States as a latecomer is that it saw the power of the industrial revolution. The agricultural economy transformed from black slaves as the main labor force to the scientific revolution and industrial revolution. Let scientists have places and opportunities to experiment with their whims and ideas. This may be the secret recipe for the United States to attract talents from all over the world. “Entrepreneurization of scientists” and “knowledgeization of companies” quickly pushed the U.S. industrial structure to the high end of the world’s industrial chain, which is also the foundation for the U.S. to quickly rise to the forefront of the world economy and maintain its strong competitiveness in the world economy for a century.
  China’s demographics are undergoing historic changes. The proportion of people receiving higher education is increasing. The demographic dividend is changing from traditional cheap labor resources to high-quality intellectual resources. To promote this transformation into a real productive force is to create conditions to allow all sources of wealth creation to fully flow, to encourage “scientists to become entrepreneurs” to become a new trend of the times, to encourage countless intellectual elites to combine with capital, and to make “knowledge “Company” has become the norm for the new business organization. High-quality development is actually high-level competition. Only “knowledge-based companies” are the main force for us to break the traditional global division of labor system and promote the reshuffle of the international supply chain. It is an important path and magic weapon for us to overcome the disadvantage of being a latecomer and achieve breakthrough development.

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