Human Elements of Chineese-Style Innovation beyond the Knowledge-Based Economic Transformation

Peredy, Zoltán and Zhihao, Zhao and Laki, Balázs (2021) Human Elements of Chineese-Style Innovation beyond the Knowledge-Based Economic Transformation. ACTA PERIODICA (EDUTUS), 23. pp. 81-96. ISSN 2063-501X

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Abstract

China has been building globally one of the most powerful knowledge and innovation-based economies. The country’s main strategic goals were becoming a superpower with efficient economy that was able to minimise the object poverty and transform the country into upper-mid class income, economicaly developed region. According to the traditional Chineese maxim: “strong nation is a rich nation”, that used to be regarded as a tool holding the leading position around the world. The investments, realised by the private companies were encouraged in many cases by governmental initiatives as well. China has continually transformed the elements of its innovation strategy and refined them in the global direction of innovation. Despite of the growing literature on Chinese innovation, consensus as to a unique model of Chinese innovation management has yet to emerge. In this context, one of the most crucial but less discussed aspect can be the engagement of the well-educatated, experienced high quality labor work force in China. During the last decades you can observe a significant shifting toward the previous, cheap and huge amount labor workforce corporate attitude toward attracting and managing talents, providing Chineese manner “tailor made” onboarding and personal and professional development of the adequately recruited and selected labor workforce, eliminating the labor turnover but on different way compared to the Western countries methods. This review paper is aiming to reveal the specific features of Chineese-style Human Resource Management (HRM) practice linked with the Chineese traditions and cultural values.

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