Construction of a New Technological Innovation Risk Control Model Integrating"Rigidity"and"Flexibility":Exploratory Case Study Based on Sinodata
Rapid changing environment intensifies the risk of technological innovation in technology-based enterprises.Enterprises need to build a brand new risk control model of technological innovation,which combines"flexibility"to rapid changing environment and"rigidity"of management and control.In this paper,incomplete contract theory is embedded into traditional risk control theory.Through the situational research on the unique risk control model of Sinodata,detailed process of building a"rigid"and"flexible"risk control model is unlocked.Specifically,enterprises should first sink the risk control unit to form a"virtual small and micro enterprise",so as to speed up the response to environmental changes,obtain the"flexibility"of risk control,and maintain the necessary financial"rigidity"through performance certification.After that,enterprise should reengineer the risk control structure into"multi-level alliance":On the one hand,it increases structural"flexibility"through dynamic adjustment;on the other hand,it embeds new rules to stabilize the internal relationship,which not only ensures the"rigidity"of management and control,but also achieves the fault-tolerant"flexibility"for innovation failure.Finally,this paper constructs a new technology innovation risk control model,namely"virtual small and micro enterprises+multi-level alliance"model.This paper not only extends risk control theory based on essential characteristics of technological innovation,but also contributes to the incomplete contract theory.
technological innovationrisk control modelincomplete contract theoryrisk tolerance signal