DocumentCode
2550258
Title
Notice of Retraction
Fast growth of new ventures through disruptive innovation: A case study of Ctrip
Author
Li Jianzhong
Author_Institution
Sch. of Humanities, Dongbei Univ. of Finance & Econ., Dalian, China
fYear
2010
fDate
16-18 April 2010
Firstpage
344
Lastpage
348
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The growth and competitiveness of new ventures are highlighted and focused on recently. Ctrip, one of fastest-growing companies in the world, exhibits an energetic competitiveness in new ventures. The Strengths, Weakness, Opportunities and Threats (SWOT) analysis model is applied to explore the essential reason of Ctrip´s success. It demonstrates that the disruptive innovation is the key factor of Ctrip´s success. The importance of the disruptive innovation in new venture is illustrated clearly. If a new venture wants to succeed by the disruptive innovation, it is necessary to recognise a good opportunity to open up a new market, make full use of the capital markets and venture investment to achieve a positive development and gain the market share, and at its initial growth stage, it should sustain disruptive innovation to obtain a good performance. This path of Ctrip´s disruptive innovation could be learned by many new ventures.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The growth and competitiveness of new ventures are highlighted and focused on recently. Ctrip, one of fastest-growing companies in the world, exhibits an energetic competitiveness in new ventures. The Strengths, Weakness, Opportunities and Threats (SWOT) analysis model is applied to explore the essential reason of Ctrip´s success. It demonstrates that the disruptive innovation is the key factor of Ctrip´s success. The importance of the disruptive innovation in new venture is illustrated clearly. If a new venture wants to succeed by the disruptive innovation, it is necessary to recognise a good opportunity to open up a new market, make full use of the capital markets and venture investment to achieve a positive development and gain the market share, and at its initial growth stage, it should sustain disruptive innovation to obtain a good performance. This path of Ctrip´s disruptive innovation could be learned by many new ventures.
Keywords
hotel industry; innovation management; travel industry; venture capital; Ctrip; capital markets; disruptive innovation; strengths, weakness, opportunities and threats analysis model; venture investment; Cost function; Finance; Internet; Investments; Performance gain; Power generation economics; Production; Resource management; Technological innovation; Travel services; SWOT analysis; case study; disruptive innovation; firm growth; new venture;
fLanguage
English
Publisher
ieee
Conference_Titel
Information Management and Engineering (ICIME), 2010 The 2nd IEEE International Conference on
Conference_Location
Chengdu
Print_ISBN
978-1-4244-5263-7
Type
conf
DOI
10.1109/ICIME.2010.5477910
Filename
5477910
Link To Document