Bestseller from the West

Bestseller from the West

In the age of digital economy, people, product, enterprise and market are closely connected, which brings new challenges to the innovation of enterprises.After long-term evolving, Chinese companies have established their own innovation system, and their innovation practice has attracted the attention from the western world and become an example they want to learn from and study.

Recently, we have found that the exemplar of open innovation by Chinese enterprise – HOPE, the open innovation platform of Haier is mentioned in Amazon bestseller Future Legends: Business in Hyper-Dynamic Markes.

Future Legends is co-authored by Janka Krings-Klebe, Joachim Heinz and Jörg Schreiner, founders of co-shift, a global consulting firm. It is published by tredition from Germany.

After publication, the book received numerous compliments, and ranked top 100 of Amazon bestsellers. It is honored as a must-read in the area of enterprise transformation in the digital age.

Gisbert Rühl, CEO of Klöckner, one of the biggest plastic manufacturer in Germany commented that “The book raises a bold vision for leaders: how to turn their enterprise into platform, and be prepared for large-scale innovation in the digital age.”

Future Legends provides clear and simple analysis and interpretation of how enterprises can serve as network and innovation platform in the digital age. Haier is a major highlight in the part of case study as an example of successful transformation into an Internet company that was originally born in the pre-digital era.

In the book, the authors analyze in detail the four transformations of Haier, and approve its practice in open innovation.

The book describes that “Haier has extended its innovation capacity and encouraged everyone in and out of the company to contribute ideas freely. Haier has turned its R&D center into a platform for open innovation, greatly facilitating knowledge exchange and brining experts into the ever-growing community to support cross-sector innovation. The professional expertise needed in the innovation process is provided by individuals, academic institutions and foreign companies.”

As the only Chinese enterprise studied in the book, Haier has acquired numerous ideas from the practice of open innovation, and become a global exemplar of innovation in the eyes of western scholars.

The success of Haier proves that the innovation experience of Chinese enterprise is going abroad as a reference for the innovation practice of global companies in the digital age.