Research Article

Research on Mechanism of Building Synergistic Competitive Advantages of Industries in Guangdong-Hong Kong-Macao Greater Bay Area

Chiou-Wen Chen 1 *
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1 Department of Economics, Zhaoqing University, China* Corresponding Author
International Journal of Business Studies and Innovation, 2(1), March 2022, 18-30, https://doi.org/10.35745/ijbsi2022v02.01.0002
Submitted: 28 July 2021, Published: 30 March 2022
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ABSTRACT

The Guangdong-Hong Kong-Macao Greater Bay Area is positioned as the most active bay with a high technological level and the strongest innovation capabilities in the global market. As the cities in the Greater Bay Area are pursuing the integration of management, technology, and enterprise innovation, and emphasizing the development of collaborative innovation, it is important at present to effectively promote the high-quality development of the regional economy and industry. Thus, we apply the basic concepts of industrial theories in the methods of research and summarize four aspects to explore the research topic. We find that leading companies need to be given the responsibility of building an industrial ecosystem and realizing self-evolution through digital transformation in creating a niche for disruptive innovation and development. Furthermore, enterprises need to form industrial chain clusters through the extensional development method of investment and M&A. In addition, enterprises need to build a new industrial aircraft carrier through collaborative competition to realize the expansion of the industrial ecology of the Greater Bay Area in the future.

CITATION (APA)

Chen, C.-W. (2022). Research on Mechanism of Building Synergistic Competitive Advantages of Industries in Guangdong-Hong Kong-Macao Greater Bay Area. International Journal of Business Studies and Innovation, 2(1), 18-30. https://doi.org/10.35745/ijbsi2022v02.01.0002