XHW(SH:603888) Xin Hua She·2025-06-13 10:03Core Viewpoint - The article emphasizes the importance of innovation for companies to thrive in a competitive landscape, highlighting that waiting and observing can hinder progress and success [2][4]. Group 1: Innovation and Competition - Chinese technology companies have gained global attention through significant innovations, such as DeepSeek and DJI, showcasing the potential of autonomous innovation [2]. - Founders of leading companies express a sense of urgency and the necessity for continuous innovation to maintain competitiveness, indicating that past strategies may not be applicable in the future [3]. - The article warns against complacency, using Nokia as an example of a company that failed to adapt and innovate, leading to its decline in the smartphone era [3]. Group 2: Embracing Failure - The article discusses the need for a culture that tolerates failure in the innovation process, suggesting that many successful innovations are built on lessons learned from previous failures [4][5]. - It highlights the importance of allowing innovators the space to experiment and learn from mistakes, as exemplified by Huawei's approach to innovation [5]. Group 3: Managing Expectations - There is a caution against setting unrealistic expectations for innovation outcomes, as some innovators may face setbacks when high expectations are not met [6]. - The article stresses that innovation is a gradual process that requires patience and realistic goal-setting, advocating for a balanced approach to innovation that respects the time needed for development [6]. Group 4: Technological Advancements - Recent technological breakthroughs in China, such as advancements in robotics and aerospace, demonstrate the long-term commitment and perseverance of research teams [6]. - The transformation of Beijing's Zhongguancun from a market to a tech hub illustrates the importance of sustained institutional support for innovation [6].