To read this content please select one of the options below:

Small and medium technology enterprises in Zhongguancun and Silicon Valley: Regional innovation system approach

Anna Trunina (School of Economics and Management, University of Chinese Academy of Sciences, Beijing, China)
Xielin Liu (School of Economics and Management, University of Chinese Academy of Sciences, Beijing, China)
Jian Chen (Chinese Academy of Science and Technology for Development, Ministry of Science and Technology, Beijing, China)

Journal of Science and Technology Policy Management

ISSN: 2053-4620

Article publication date: 23 May 2018

Issue publication date: 8 March 2019

676

Abstract

Purpose

The purpose of this paper is to contribute to the understanding of similarities and differences between small and medium technology enterprises of Zhongguancun in China and Silicon Valley in the USA in the following aspects of their activities: scale, diversity and the strength of entrepreneurial networks; quality of collaboration network; reputation in the sense of stakeholders’ perception at the local market; and foreign networks.

Design/methodology/approach

The study uses a survey method. The analysis of variance statistical technique was applied to each aspect.

Findings

The investigation reveals that Chinese companies have more stakeholders among relatives and friends, government, universities, accounting/law, as well as collaborate more with competitors and suppliers, while the US companies have more and collaborate diverse relations with its clients. In America, companies tend to trust their partners more than they do in China. For Chinese companies, the local government appraises business more than the USA. Employees from the US companies also take more pride in telling others that they are members of the business. Domestic customers positively rate business products. Chinese companies actually have better access to foreign resources than the USA and collaborate more with their foreign stakeholders.

Practical implications

Understanding the distinctive features of each regional system is crucial for the success of small and medium technology enterprises for both Chinese and US entrepreneurs.

Originality/value

This paper is a pioneer in the comparison and analysis of the two regions.

Keywords

Acknowledgements

The authors want to thank all respondents participated in the survey. This work was supported by CAS–TWAS President’s Fellowship. The authors would like to thank two anonymous reviewers for their comments and suggestions.

Citation

Trunina, A., Liu, X. and Chen, J. (2019), "Small and medium technology enterprises in Zhongguancun and Silicon Valley: Regional innovation system approach", Journal of Science and Technology Policy Management, Vol. 10 No. 1, pp. 35-57. https://doi.org/10.1108/JSTPM-01-2018-0006

Publisher

:

Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

Related articles