Study on coordination mechanism between product innovation and process innovation in manufacturing enterprises

Aiming at the current status of the inadequate matching and coordination between product innovation and process innovation in our country's manufacturing enterprises,this paper constructs the coordination mechanism between product innovation and process innovation including decision-making mechanism,corporation mechanism,interest distribution mechanism,and compensation mechanism according to the technology innovation process which relates to decision-making,implement,interest distribution and feedback.Furthermore,this paper explains the meanings of every mechanism.Finally,corporation mechanism and compensation mechanism between product innovation and process innovation are demonstrated based on Wanxiang Group and Haier Group.