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An Analysis of the Hampering Factors of Innovation: Focusing on SMEs in Korean Manufacturing Industry

한국 중소기업의 혁신 저해 요인이 기업의 혁신 활동에 미치는 요인 분석

  • Woo, Ji Hwan (Graduate School of Management of Technology, Korea University) ;
  • Kim, Young Jun (Graduate School of Management of Technology, Korea University)
  • 우지환 (고려대학교 기술경영전문대학원) ;
  • 김영준 (고려대학교 기술경영전문대학원)
  • Received : 2018.05.03
  • Accepted : 2018.08.03
  • Published : 2018.08.31

Abstract

The purpose of this study is to examine the effects of the factors that hinder innovation of SMEs on innovation activities of Korean firms. Many existing literature studies remain focused on factors that promote innovation activities. However, in order for companies to promote innovation, it is important to analyze the factors that hinder innovation as well as those that promote innovation. In this study, we analyzed the relationship between technological innovation inhibition factors and technological innovation performance of 4,075 SMEs in Korea using the Korea Institute of Science and Technology Policy statistical data. The research model and hypothesis test of this study consist of three stages. First, the reliability of the variables used was verified using exploratory factor analysis. Second, the proposed hypothesis was modeled using structural equation modeling. Finally, validity of the structural equation was verified using confirmatory factor analysis. As a result, the lack of need for innovation influenced innovation performance and the government support system mediated them. SMEs should establish technological innovation strategies to maximize the effect of technological innovation with limited resources, and government should make polices to promote innovation of SMEs. It's expected to be used in the case of establishing a support policy.

Keywords

Technology Innovation;Product Innovation;Process Innovation;SMEs;Hampering Factors of Innovation;Korean manufacturing industry

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