Affiliations: [a] School of Accounting, Wuhan Textile University, Wuhan, China
| [b] School of International Education, Hubei University of Technology, Wuhan, China
Correspondence:
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Corresponding author. Yang Zhang, School of Accounting, Wuhan Textile University, 430200, Wuhan, China. E-mail: jerryzhyang@126.com.
Abstract: The success of technological innovation is related to the future and destiny of enterprises, but because of its uncertainty and high risk, the risk of failure of technological innovation exists objectively. This paper uses grounded theory to code the typical cases of technological innovation failure at home and abroad and explores the causes of technological innovation failure. It is found that policies and regulations, institutional environment, and market environment are the important external factors that cause the failure of enterprise technological innovation, while the defects of enterprise technological innovation products, enterprise system, internal management, technological resources, and managers are the important internal factors that cause the failure of enterprise technological innovation. By constructing the evolution model of enterprise technological innovation failure, it is found that the failure of enterprise technological innovation is the result of the joint action of enterprise management operation mechanism, technology, capital, and other restraint mechanisms, as well as market and policy system guidance mechanism.
