The Characteristics of Technology Management: Korean Manufacturing Firms

As technology innovation has become a competitive weapon in the globalized era, firms are engaged in the development of new products to gain competitiveness in the marketplace. One of the main phenomena in a firm's effort to enhance technology development activities is the formation of technology strategy, i.e. the formalization of technology development activities within the firm. This paper explores the practice and management of technology innovation in the Korean manufacturing sector. Based on a survey of over 100 manufacturing firms in Korea, it identifies the contemporary practice of technology planning, and also characterizes the types of relationships that exist among participating interest groups for technology strategy formulation within a firm.