The reduction or elimination of regulations in an economy with the purpose of increasing participation from the private sector in foreign trade, and receiving reciprocal treatment from fellow nations.
Published in Chapter:
Blue Ocean Strategy as a Framework for Business Innovation in China and Spain: A Summative Content Analysis of Innovation Initiatives and Value Propositions
María Guijarro-García (ESIC Business and Marketing School, Spain), Agustín Carrilero-Castillo (ESIC Business and Marketing School, Spain), and José Fernando Gallego-Nicholls (ESIC Business and Marketing School, Spain)
Copyright: © 2020
|Pages: 36
DOI: 10.4018/978-1-7998-1169-5.ch008
Abstract
The authors conducted summative content analysis on reported innovation initiatives indexed in the Web of Science for Spain and China from 2015 to 2019 to identify Blue Ocean Strategy dimensions and to analyze the national innovation systems of both countries using Hofstede's cultural dimensions of long-term orientation and uncertainty avoidance, to explain the influence of culture on innovation initiatives. The studies analyzed report structural and industry-level innovation proposals and programs that recommend elimination, reduction, raising, and creation. This chapter raises awareness among decision makers and legislators about the importance of cultural traits, and underscores four actions to undertake innovation initiatives, policies, legislation, and proposals. The chapter contributes to managerial practice by signaling a path to innovate incrementally, and contributes to researchers by establishing a baseline on the linkage between innovation, culture, and strategy. Authors also recommend areas for future research.