On Ways of Business Development by Innovation and Research-A Case Study of Zhejiang Focal Firms

As the main body of economic activities and market operations, businesses have a similar role in funding for research and development for their part in applying new technology and profiting from it. Focal firms in the network are heterogeneous and as leaders in their fields will lead with their specific examples in development through research and innovation. This paper finds three new models of development from an extensive study of typical examples from the focal firms in the province. We hope our conclusions will help businesses break through the constraint of limited resources for R&D and raise their capacity for R&D.