Abstract
Purpose This study aims to verify the effectiveness and efficiency of corporate technology innovation activities. Design/methodology/approach This study empirically analyzes the effects of research and development (R&D) capability on patent and new product development achievements on innovation-type small- and medium-sized enterprises (SMEs) by using the “Report on Korean Innovation Survey 2010: Manufacturing Sector” data released by the Science and Technology Policy Institute. Findings The results of the study indicate that staffing of the concentration of R&D human resource team and efforts toward open innovation are essential factors for the creation of corporate performance.The number of persons of the concentration R&D team in particular makes up essential resources for patent acquisition and new product development. In addition, in case of an SME’s with relatively poor resources, it is necessary to acquire resources, both material and immaterial, learn from the external R&D activities and internalize those into key corporate capabilities rather than step up the R&D activities on their own. Originality/value The results of this study indicate that innovative small enterprises need to secure the number of R&D human resource members for maintaining sustainable competitiveness and securing market share. Therefore, a strategy is needed that would enable employing and raising excellent human resource in the quantitative and qualitative aspects. However, in the circumstances that small enterprises suffer difficulty in securing professional human resource for R&D compared to large enterprises, as there is a limitation for securing human resource for R&D from only the dimension of enterprises, governmental and political support is thought to be necessary for securing good-quality human resource for R&D. Accordingly, the results of this study provide many implications for the necessity of detailed methodology on how to expand professional human resource for R&D among supporting policies for technical innovative enterprises and to establish innovative strategies of enterprises.
Highlights
As a form of innovation with science and technology as a driving force, technology innovation is an innovative activity that creates new values through creative combination of production resources, such as process, market, resources and organization (Schumpeter, 1934)
The results of this study indicate that innovative small enterprises need to secure the number of research and development (R&D) human resource members for maintaining sustainable competitiveness and securing market share
Interest in the factors determining corporate technology innovation as well as in the studies showing that technology innovation affects the market structure and corporate management performance has steadily been running high
Summary
As a form of innovation with science and technology as a driving force, technology innovation is an innovative activity that creates new values through creative combination of production resources, such as process, market, resources and organization (Schumpeter, 1934). Technology innovation causes business fluctuations by giving economy a jolt by means of developing new markets, changing the manner of commodity supply and generating dynamic gains as well as advancement of technology. Preceding studies have come up with various models of technology innovation processes and continuous discussions on causes and result variables. As corporations can find factors enhancing added values of products, based on R&D, and create cost reduction effects, technology innovation makes up a major source of acquiring competitive edges (Tidd and Bessant, 2009)
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