New Product Innovation
In the modern business environment where people are highly educated, urbanized, and change-oriented, the role of traditional Chinese philosophies in innovation can be critical. While a traditional system may be more rigid and practical, it is useful for business in an increasingly change-oriented environment. In this book, Makeham argues that traditional Chinese philosophies are effective for innovation because they encourage the creation of innovative ideas.
In the past century, China has experienced spectacular economic growth. Some critics have said that Chinese culture has inhibited innovation, but the fact is that the culture is evolving in response to fundamental techno-economic shifts. Although philosophy and culture are not the same thing, an unconventional synthesis of traditional chinese product philosophical systems can drive the innovations of 21st century businesses. Here are three examples: A History of Chinese Philosophy by Jacques Gernet
Chinese philosophy is rich and varied. It includes Confucianism, Taoism, and the Historical school of thought. It is best understood by considering the context and history of the ancient texts. These texts have important historical and cultural significance, and they provide a deep foundation for understanding the role of traditional Chinese philosophies in innovation. A successful synthesis of the various Chinese philosophical systems can lead to innovative solutions that meet the needs of modern business.
The Role of Traditional Chinese Philosophies and New Product Innovation
In modern China, Chinese philosophy has adapted to various schools of thought and has been shaped by the ruling coalition. While some schools may be dominant during the period when one party dominates, all schools have coexisted. Some have attempted to ban the other, but in general, competing schools have collaborated and shared ideas. If one does not like a certain school, they should learn to adapt to a particular society’s culture.
There are many Chinese philosophies. Most of them are ethical and can be a valuable guide for innovation. Despite their differences, the three Chinese philosophical schools are not mutually exclusive. They are complementary and mutually supportive. If they do not mesh well, the products won’t be successful. For example, Confucius’s teachings can be used to improve the efficiency of the work of Chinese companies.
The most famous of these three schools is New Confucianism. However, it has a long and storied history. Unlike western culture, the Chinese philosophy embodies the values of the West. They are widely interpreted, but they are not always correct. In fact, it is often misinterpreted in China and elsewhere. The concept of “good luck” has been attributed to many of its ancient counterparts.