• Title, Summary, Keyword: Schumpeterian Competition

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The Effect of Open Innovation on Industry: Strategic Alliances under Schumpeterian Competition (개방형 혁신이 산업에 미치는 효과: 슘페터 경쟁 하의 전략적 제휴를 중심으로)

  • Yun, Ji-Yeong;Min, Jin-Yeong;Han, Se-Hee;Lee, Hee-Seok
    • Knowledge Management Research
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    • v.11 no.4
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    • pp.1-19
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    • 2010
  • With the increasing importance of ecosystem in a business environment, the value of open innovation is receiving great attention. Under open innovation, companies open their knowledge, capital, and other resources to cooperating companies; on the other hand, under closed innovation companies depend solely on their own resources. In this paper, we compare closed and open innovation using the simulation method, and confirm that in terms of total capital and production of the industry, open innovation provides greater opportunities to the entire ecosystem. Moreover, Schumpeterian competition, which is a dynamic of closed innovation, functions even under open innovation. Our findings highlight that not only small but also large companies can receive the benefit of an enlarged industry under open innovation.

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A Study on Fair Competition Forms under the Electronic Commerce of the New Competition Forms (저자상거래에서 신 경쟁형태에 따른 공정경쟁에 관한 연구)

  • Kang Lee-Soo
    • Journal of Arbitration Studies
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    • v.15 no.1
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    • pp.179-206
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    • 2005
  • The development of information & telecommunication technology and internet-based electronic commerce helps to create a new economic environment. Such an economic environment requires the companies to change themselves, while providing unlimited potential and opportunities to them. Thus, in order to help the companies engaged in a fair and free competition in the electronic market, a fair competition policy needs to be designed and operated. The electronic commerce has not only promote the competition but also impede it. The electronic commerces tend to violate the fair trade than the conventional commerces in terms of differentiation, monopoly, conference, limited competition and intellectual property rights, schumpeterian competition, Alliance competition. With such basic concepts in mind, this study was aimed at reviewing the economic effects of the electronic commerce in the market and addressing the problems involving the application of the fair trade code to the electronic commerce, and thereby, suggesting the insights into our fair competition policy and reform measures.

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Innovation and Productivity: A Case of Australian Business

  • Yoon, Young-Kon;Yoon, Kyung-Joo
    • Journal of Industrial Convergence
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    • v.13 no.1
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    • pp.75-79
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    • 2015
  • This paper investigates two important relationships relating to firm behaviour and performance using econometric methods. First, the relationship between product market competition and innovation is examined, and then the association between innovation and productivity is separately investigated. Data from the Australian Bureau of Statistics' Business Longitudinal Database are used in the analysis. For every measure of competition considered except one, the results of the modelling are consistent with an anti-Schumpeterian relationship between competition and innovation - that is, firms appear more likely to innovate if they face stronger competition. The results examining the relationship between innovation and productivity, although weaker than those between competition and innovation, suggest that innovation is associated with better productivity outcomes.

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An Analysis on the Determinants of Innovation -Medium Core Firms in Material and Component Industry- (부품소재 중핵기업의 기술혁신 결정요인 분석 -기업규모와 시장구조를 중심으로-)

  • Song, Chi-Ung
    • Journal of Korea Technology Innovation Society
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    • v.10 no.3
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    • pp.431-457
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    • 2007
  • The main purpose of this study is to analyze the determinants of innovation in the medium core firms that belong to components and materials industry. For this purpose, we introduce the Schumpeterian hypothesis as a theoretical background at first. According to the Schumpeterian hypothesis, large firms in concentrated markets are likely to have more innovative activities. That means, firm site and market structure are the main determinant of innovation. Then, we propose other economic factors that have been considered to have effects on firms' innovative activities in previous studies. Those factors are export, profit, growth rate, R&D expenditure and capital intensity. In order to analyze the determinants of innovation, we estimate whether firm size, market structure, export, profit, growth rate, R&D expenditure and capital intensity affect to the possibility of creating innovation in medium core firms. In order to do this, our study uses survey data from 'Korean Innovation Survey(2005)' conducted by STEPI as well as utilizes the probit model as an analytical method. According to the empirical results, firm size has a positive relationship with innovative activities of medium core firms but market concentration does not. We find the negative correlation between market concentration and innovative activities in this study. Thus, was have to say that we do not fully support the Schumpeterian hypothesis in this case. Among other variables, profit and R&D expenditure are estimated to have positive relationship with innovative activities, while export and capital intensity are estimated to have negative relationship with innovative activities. In case of growth rate, we do not find any significant relationship with innovative activities. In conclusion, larger firm size, higher market competition, more access to the financial market and additional R&D investment would facilitate innovative activities of medium core firms. However, we have to review the relationship between export and innovative activities that has been estimated in this study. While the estimated effect of export on innovative activities can be explained by the own characteristics of medium core firms that produce and supply capital goods to final manufacturer, we have address this issue in the future.

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Reconfiguration of Recommender System Success with DeLone and McLean's Model of IS Success (DeLone과 McLean의 정보시스템 성공 모형을 통한 추천시스템 성공 요인 재구성)

  • Kwon, Ohbyung
    • Knowledge Management Research
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    • v.11 no.4
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    • pp.21-39
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    • 2010
  • Recommender system is a core component of e-commerce. Correspondingly, metrics to evaluate the system performance have been developed and applied. However, even though we have lots of applications that have tried to adopt recommender systems, the dearth of successfully installed recommender systems for more than a decade leads us to a skeptical thinking that current metrics do not sufficiently indicate the recommender system success in business viability point of view. Hence, the purpose of this paper is to reconfigure measures for recommender system success. Adopting DeLone and McLean's amended model of information system success as the underlying framework, content analysis with intellectual properties on recommender systems was conducted to modify the currently used metrics. Then a model of recommender system success is proposed based on the newly identified metrics are compared with traditional metrics.

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A Study on the Effects of Forms of R&D Strategy on Corporate Financial Performance (R&D 전략의 형태가 기업 재무성과에 미치는 영향에 관한 연구)

  • Mun, Hee-Jin;Lee, Joo-Sung
    • Journal of the Korean Operations Research and Management Science Society
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    • v.35 no.1
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    • pp.67-81
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    • 2010
  • In Schumpeterian competition, superior profit arises from successful innovation created by firm's R&D strategy. Such R&D strategy diverges as time passes. This study examines empirically the effects of diverged forms of R&D strategy such as technological assets, technological diversity, and technological similarity on firm performance in Korean pharmaceutical industry. With the financial and patent data of 96 firms for 14 years from 1994 to 2007, we measured variables. And then we performed panel analysis with 3 years lag between dependent variable and other variables. The result shows that firm performance increases as technological asset and technological diversification increase. But technological similarity positively affects on firm performance in opposition to our hypothesis. We interpret and discuss these results and highlight the theoretical and practical implications of our findings.