Research of SMEs' technology innovation model from multiple perspectives

Purpose – Small to medium‐sized enterprises (SMEs) have long been the main carrier of technology innovation and technology transformation in China, and the main force of technological innovation. The “Twelfth Five‐Year” plan puts forward the necessity of stimulating SMEs' innovation vigor. Thus, whether from the subjective desire for upgrading the industry level, or from the objective needs of the market, technological innovation has become an important impetus for restructuring and upgrading many SMEs, and for enhancing their core competitiveness. The purpose of this paper is to study technology innovation models from multiple perspectives such as growth stage of SMEs, the environmental features in the enterprises' locations, competitive characteristics of the industries and the enterprises' innovation ability. Design/methodology/approach – This research topic is designed to study the SMEs' innovation ability and characteristics in the different stages of development and in different industrial and development environments. On this basis, this paper puts forwards a dynamic multi‐dimensional technology innovation model, combines SMEs' innovation practice to continuously improve their technology innovation model and establish the innovation system, thereby enhancing the innovative capability of SMEs and strengthening their core competitiveness. Findings – Through data analysis and research, the paper researches the SMEs' technological innovation factors, and finds the development law of technological innovation; various different modes of SMEs' technological innovation are analyzed from multiple perspectives to construct a multi‐dimensional dynamic model of technological innovation. Originality/value – This is of great practical significance to China's economic construction and social harmonious development; the study of this topic will form the theory and methodology with regard to the SME's technology innovation model.