Contemporary Schools of Thought on Technological Innovation

Technological innovation is the most important source for enterprises to gain competitive advantage, and technological innovation management is a rapidly developing and comprehensive new discipline in recent years. Since Joseph Schumpeter first systematically described the theory of innovation, technological innovation research abroad has experienced more than half a century of development. This paper reviews the course of Western technological innovation theory research and comparatively analyzes the theoretical strands of the Neoclassical School of Innovation Theory, the New Schumpeterian School of Technological Innovation, the Institutional Innovation School, and the National Innovation System School, aiming to contribute to the advancement of domestic technological innovation theory research and development.