Analysis on How the Enterprise's Strategic Deployment and Innovation Management Effectively Expand Profits

Research Article
Open access

Analysis on How the Enterprise's Strategic Deployment and Innovation Management Effectively Expand Profits

Yanchi Liu 1*
  • 1 American University    
  • *corresponding author yl2581a@american.edu
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/18/20230099
AEMPS Vol.18
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-79-9
ISBN (Online): 978-1-915371-80-5

Abstract

There is a causal relationship between an enterprise's innovation management and the enterprise's strategic deployment. Only with enough excellent innovative technologies, effective management of new technologies, and presupposition of development routes, can an enterprise have long-term plans and deployments and constantly improve the details. The ultimate income will be to maximize the interests of the enterprise. This paper uses data survey and analysis to point out the correlation between profit expansion and resource innovation and strategic deployment by studying the profits and benefits that enterprises get from innovation management and strategic deployment (such as Disney and Alipay). The study concludes that the effective management of innovative technologies can help companies develop steadily, stabilize internal factors, focus on long-term benefits, and eliminate risks from social, political, cultural, economic, and other destabilizing factors.

Keywords:

research and development of innovative technologies, effective innovation management, steady and sustainable development, profit expansion, strategic deployment

Liu,Y. (2023). Analysis on How the Enterprise's Strategic Deployment and Innovation Management Effectively Expand Profits. Advances in Economics, Management and Political Sciences,18,364-368.
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References

[1]. Ma, J.: Opinions of the CPC Central Committee and The State Council on Deepening the Reform of the Science and Technology System and Accelerating the Construction of the National Innovation System _Communique of The State Council, (2012). Retrieved December 1, 2022, from http://www.gov.cn/gongbao/content/2012/content_2238927.htm.

[2]. Zhuang, Q. Q., Yu, X. Y.: 70 years of Innovation Management Research in China: Introduction, Localization and re-innovation (2021).

[3]. The 14th Five-Year Plan paints a picture of China's innovative development. (n.d.). Retrieved December 1, 2022, from http://www.xinhuanet.com/tech/2021-03/15/c_1127210535.htm.

[4]. Parkev Tatevosian, C. F. A.: Disney's theme park segment is fueling profit growth. The Motley Fool (2022). Retrieved December 1, 2022, from https://www.fool.com/investing/2022/05/13/disneys-theme-park-segment-is-fueling-profit-growt/.

[5]. Disney cash flow from operating activities 2010-2022: DIS. Macrotrends. (n.d.). Retrieved December 1, 2022, from https://www.macrotrends.net/stocks/charts/DIS/disney/cash-flow-from-operating-activities#:~:text=Disney%20cash%20flow%20from%20operating%20activities%20for%20the%20twelve%20months,a%2026.92%25%20decline%20from%202020.

[6]. Disney Media & Entertainment Distribution Media Center. DMED Media (1970). Retrieved December 1, 2022, from https://dmedmedia.disney.com/.

[7]. Navarro, J. G.: The Walt Disney Company: Net income 2022. Statista (2022). Retrieved December 1, 2022, from https://www.statista.com/statistics/273556/net-income-of-the-walt-disney-company/.

[8]. Dow Jones & Company. The U.S. in the Digital Currency Race: Why It's So Far Behind. The Wall Street Journal (n.d.). Retrieved December 1, 2022, from https://www.wsj.com/video/series/dion-rabouin/the-us-in-the-digital-currency-race-why-its-so-far-behind/C4B91448-4FD9-4B66-97EA-282237229CE8?mod=mhp.

[9]. Lewis, J.: Pushing pooling innovation through Alipay - EuroFinance: The Global Treasury Community. EuroFinance (2021). Retrieved November 28, 2022, from https://www.eurofinance.com/news/pushing-pooling-innovation-through-alipay/.

[10]. PYMNTS.com. Alipay launches strategy for Massive Digital Evolution in China. Alipay Launches Strategy: China Digital Evolution | PYMNTS.com. (2020). Retrieved December 1, 2022, from https://www.pymnts.com/news/ecommerce/2020/alipay-launches-strategy-for-digital-evolution-in-china/.

[11]. PYMNTS.com. Digital Wallets dominate surge in new payments use. Digital Wallets Dominate Consumer Payments | PYMNTS.com. (2022). Retrieved December 1, 2022, from https://www.pymnts.com/news/payments-innovation/2022/digital-wallets-dominate-surge-in-new-payments-use/.

[12]. Ant Group three strategic depth analysis: from payment tools to digital financial service system. Sina Finance and Economics (2020). Retrieved December 1, 2022, from https://finance.sina.com.cn/stock/stockzmt/2020-10-25/doc-iiznezxr8015985.shtml.

Cite this article

Liu,Y. (2023). Analysis on How the Enterprise's Strategic Deployment and Innovation Management Effectively Expand Profits. Advances in Economics, Management and Political Sciences,18,364-368.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development

ISBN：978-1-915371-79-9(Print) / 978-1-915371-80-5(Online)
Editor：Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.icmred.org/
Conference date: 28 April 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.18
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Ma, J.: Opinions of the CPC Central Committee and The State Council on Deepening the Reform of the Science and Technology System and Accelerating the Construction of the National Innovation System _Communique of The State Council, (2012). Retrieved December 1, 2022, from http://www.gov.cn/gongbao/content/2012/content_2238927.htm.

[2]. Zhuang, Q. Q., Yu, X. Y.: 70 years of Innovation Management Research in China: Introduction, Localization and re-innovation (2021).

[3]. The 14th Five-Year Plan paints a picture of China's innovative development. (n.d.). Retrieved December 1, 2022, from http://www.xinhuanet.com/tech/2021-03/15/c_1127210535.htm.

[4]. Parkev Tatevosian, C. F. A.: Disney's theme park segment is fueling profit growth. The Motley Fool (2022). Retrieved December 1, 2022, from https://www.fool.com/investing/2022/05/13/disneys-theme-park-segment-is-fueling-profit-growt/.

[5]. Disney cash flow from operating activities 2010-2022: DIS. Macrotrends. (n.d.). Retrieved December 1, 2022, from https://www.macrotrends.net/stocks/charts/DIS/disney/cash-flow-from-operating-activities#:~:text=Disney%20cash%20flow%20from%20operating%20activities%20for%20the%20twelve%20months,a%2026.92%25%20decline%20from%202020.

[6]. Disney Media & Entertainment Distribution Media Center. DMED Media (1970). Retrieved December 1, 2022, from https://dmedmedia.disney.com/.

[7]. Navarro, J. G.: The Walt Disney Company: Net income 2022. Statista (2022). Retrieved December 1, 2022, from https://www.statista.com/statistics/273556/net-income-of-the-walt-disney-company/.

[8]. Dow Jones & Company. The U.S. in the Digital Currency Race: Why It's So Far Behind. The Wall Street Journal (n.d.). Retrieved December 1, 2022, from https://www.wsj.com/video/series/dion-rabouin/the-us-in-the-digital-currency-race-why-its-so-far-behind/C4B91448-4FD9-4B66-97EA-282237229CE8?mod=mhp.

[9]. Lewis, J.: Pushing pooling innovation through Alipay - EuroFinance: The Global Treasury Community. EuroFinance (2021). Retrieved November 28, 2022, from https://www.eurofinance.com/news/pushing-pooling-innovation-through-alipay/.

[10]. PYMNTS.com. Alipay launches strategy for Massive Digital Evolution in China. Alipay Launches Strategy: China Digital Evolution | PYMNTS.com. (2020). Retrieved December 1, 2022, from https://www.pymnts.com/news/ecommerce/2020/alipay-launches-strategy-for-digital-evolution-in-china/.

[11]. PYMNTS.com. Digital Wallets dominate surge in new payments use. Digital Wallets Dominate Consumer Payments | PYMNTS.com. (2022). Retrieved December 1, 2022, from https://www.pymnts.com/news/payments-innovation/2022/digital-wallets-dominate-surge-in-new-payments-use/.

[12]. Ant Group three strategic depth analysis: from payment tools to digital financial service system. Sina Finance and Economics (2020). Retrieved December 1, 2022, from https://finance.sina.com.cn/stock/stockzmt/2020-10-25/doc-iiznezxr8015985.shtml.

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