Study on the Role of Technological Innovation in Business Administration

With China’s economic development and social progress, China has made great achievements in business administration, and companies in China have grown rapidly. At the same time, companies also face a variety of challenges. While, business administration can enable companies to develop rapidly. Innovative business management could give full of vitality to the development of enterprises. And it has become the trend today. This paper first expounds the current development status of enterprise business management, then analyzes the role of technological innovation in business management, then discusses the strategies of the application of scientific and technological innovation in three aspects, that is, increasing the emphasis on the application of scientific and technological innovation, strengthening the cultivation of talents, and increasing the financial investment of scientific and technological innovation. At last, taking Xiaomi as an example, this paper analyzes the importance of？technological innovation in business management. Innovation in business management science and technology can effectively make enterprises sustainable development.