How Does Digitalization Influence Innovation Performance of Manufacturing Enterprises in Emerging Countries? The Perspective of Dual Innovation Synergy

Abstract

The increasing complexity and dynamism of the global economy is a great challenge for manufacturing enterprises in emerging markets like China as they need to ensure both short-term survival and long-term development in turbulent environments [1]. Previous studies have established that exploitation and exploration play crucial roles in achieving short-term benefits and long-term prosperity, respectively [2]. Exploitative innovation involves refining or modifying existing technologies or products, while exploratory innovation entails developing new technologies or products [3].