The New System of Innovation Founded by the Haier Group and the Theory of Grassroots Innovation in Mass Flourishing

Phelps, Edmund S.

A novel system of innovation has been designed by Zhang Ruimin, Chairman and CEO of the Haier Group of companies in Qiangdao, and put into practice over the past few years at Haier. The early experience with the application of this system suggests that it will continue to be applied for the foreseeable future.


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More About This Work

Academic Units
Center on Capitalism and Society
Center on Capitalism and Society Working Papers, 123
Published Here
January 12, 2022


An earlier version was delivered virtually at the 5th International Rendanheyi Model Forum hosted by the Haier Group in Qiangdo, China on September 17, 2021.