• Title/Summary/Keyword: R&D investment strategies

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Empirical Analysis of the Influence of ICT SMEs' R&D Resources on Corporate Performance (ICT 중소기업의 연구개발 자원이 기업성과에 미치는 영향에 관한 실증연구)

  • Jong Yoon Won;Kun Chang Lee
    • Information Systems Review
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    • v.23 no.3
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    • pp.1-23
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    • 2021
  • The national economic policy paradigm is constantly changing according to the global business environment. Among them, fostering SMEs is a core policy of many developed countries. The growth of SMEs contributes to the creation of jobs and the development of local communities in the era of employment-free growth. In particular, the growth of SMEs is the foundation for growth into mid-sized and large enterprises. Therefore, the growth of SMEs plays an important role in the national economy. Information and communication technology (ICT) became important much more with the emergence of the 4th industrial revolution. Among them, the growth of ICT SMEs is the nation's future asset. Therefore, this study examines and verifies the main factors affecting the performance of ICT SMEs from the view of their R&D resources. On the basis of 1,999 SMEs dataset, empirical analysis was performed to investigate the influence of R&D resources on their corporate performance. Its results are as follows. First, based on theresource-based theory, ICT SMEs' R&D investment, R&D manpower, and government support policies were found to have a positive effect on securing a company's competitive advantage. Second, it was found that the level of product has a positive effect on the company's performance. Finally, it was found that M&A and technology acquisition method strategies differ according to the growth stage of the company. Therefore, in order to achieve technological innovation and corporate performance of ICT SMEs, the government support policy and investment into internal R&D personnel play as main factors. In addition, it was found that technology acquisition strategies differ depending on the growth stage of the company.

Analyzing the Determinants of the Patent Quality in Fuel Cell and Solar Cell Technology Using Count Data Models (가산자료 회귀모형을 활용한 연료전지 및 태양전지 분야 특허의 질적 수준 결정요인 분석)

  • Park, Jung-Kyu;Heo, Eunn-Yeong
    • Journal of Korea Technology Innovation Society
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    • v.13 no.2
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    • pp.365-378
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    • 2010
  • For sustainable economic growth, the Korea government continues to increase its investment in R&D and at the same time, have reinforced the management of R&D outcomes and enlargement of its infrastructure for utilization. However, a strategic R&D planning that draws an outstanding outcomes is more important than the management of its post-outcomes. The purpose of this study is to propose an implication on the policy of R&D planning for obtaining a good R&D outcomes such as a high quality patent. We compared and analyzed the determinants of the patent quality in fuel cell and solar cell technology using the count data models. Estimated results showed that the determinants of the patent quality in technologies were different from each other. Therefore, having appropriate R&D planning strategies for all technologies was more effective than applying one same strategy for all because of technological differences, and based on the estimated results, we suggested the R&D planning strategy in fuel cell and solar cell technologies that could in result in high R&D outcomes.

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A Study on Improvement of a company's R&D Strategy (기업의 기술개발(R&D)중시 전략에 관한 연구)

  • 구현서
    • Journal of the Korea Society of Computer and Information
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    • v.4 no.2
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    • pp.147-154
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    • 1999
  • Research and Development (R&D) departments concentrate their efforts on one of two key types of research: fundamental research to discover new technology, and product development research to determine ways to use new technology or to improve upon already existing technology. Of these two types of research, the first, fundamental research, does not guarantee that successful products will develop. This type of research generally requires the investment of large sums of money without the surety of financial gain. It can, however, greatly enhance a company's image and profit potential if it can then develop a successful product from the fundamental research their scientists and engineers have done. Also, through this type of research, companies can register patents which can result in income from the sale or license of the patented technology or process to other companies. Companies place themselves at financial risk when they delve into fundamental research. For that reason, most companies concentrate their research funds and efforts on the second type of research, product development. For a product to be considered successful the company must realize some sort of benefit such as profit, increased marketshare, market recognition, or any other company-defined benefits. Both types of research require a company's consistent financial investment and planning. As the world market becomes more competitive, only those companies that can produce a product with good quality, competitive pricing, and in a timely manner will thrive. This thesis focuses on issues for developing a successful product through examining a product life cycle, a product portfolio matrix, and reactive and proactive marketing strategies.

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An Analysis on the Selection Process of Core Wireless Communications Technologies in Korean National IT R&D Program

  • Ilsue Roh;Lee, Byoung-Nam;Lee, Jungman
    • Proceedings of the IEEK Conference
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    • 2002.07b
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    • pp.1320-1323
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    • 2002
  • This paper reviews the Korean government’s selection process of core wireless communications technologies, and presents technology trends, perspectives and strategies of 5 core technologies to develop in wireless communications areas based on the mid term IT technology development plan(2002∼2004). Delphi Panel Method and Analytic Hierarchy Process(AHP) Analysis were adapted to select 30 core technologies in 9 strategic areas. Especially, 5 core wireless communications technologies out of 24 required technologies are selected: 4 G Core Technology, Broadband Wireless Access Network Technology, IMT-2000 Plus STP Technology, OBP Based Multimedia Satellite Communications Technology, Stratosphere Communications System Technology. Strategic national IT R&D program has been essential to continue success story of CDMA technology, and acquiring technology independency from advanced nations. In long term perspectives, a strategy of intensive investment with prudent selection onto core technologies should be deployed in the IT R&D programs. Also, the national IT R&D programs should be limited in the high risk & high returen areas where only government can afford the failures as well as better spill over effects are expected for the technology development and national economy. Korean industry has some strength in wireless communications technology area. Therefore, more policy concerns should be given into this area not only to secure present strength but also to explore better technology competitiveness.

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Strategies and Directions for Developing Sustainable Agriculture in Korea (지속가능한 농업발전을 위한 전략과 추진과제)

  • Kim, Chang-Gil
    • Journal of Environmental Policy
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    • v.2 no.2
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    • pp.17-40
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    • 2003
  • The objective of this paper is to formulate strategies and action programs for developing sustainable agriculture in Korea. There is increasing evidence that agriculture has been preoccupied with increasing productivity much to the detriment of environmental degradation. The issue of increasing agricultural productivity so as not to undermine the environment is a difficult task. In reality, there are many definitions of sustainable agriculture and sustainable agricultural development. In this paper, sustainable agriculture is defined by its ability to ensure future supplies of agricultural products at acceptable economic and environmental costs to the society. Sustainable agriculture development refers to the optimal level of interaction among the three dimensions - the environmental, the economic and the social - through dynamic and adaptive processes of trade-off. In order to formulate the strategies for developing sustainable agriculture, three stage approaches such as strategic analysis, strategic choice, and strategic implementation are employed. The basic framework for strategies of sustainable agriculture development consists of five steps such as vision, targets, principles, action plan and policy instruments. The major action plans for activating formulated strategies are suggested as integrating agricultural and environmental policy measures, establishing the system of optimal agri-environmental resources management practices, establishing safe and high quality product system and its effective marketing system, increasing the R&D investment for developing sustainable agro-technology, developing indicators for measuring sustainable agricultural development, and taking a share in related roles for all parties including farmers, consumers, policy makers, researchers and NGOs.

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A Proposal of Business Model Development System for National Research and Development: Case of Korean Land Spatialization Group (국가 연구개발에 대한 비즈니스 모델 개발 체계 제안: 지능형국토정보기술혁신사업을 중심으로)

  • Hong, Jin-Won;Park, Seung-Wook;Bae, Sang-Keun;Kim, Young-Su
    • Information Systems Review
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    • v.12 no.2
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    • pp.167-187
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    • 2010
  • The governmental R&D projects have put a great emphasis on returns on R&D investment through development of market- and customer-oriented technologies and their commercialization. A successful commercialization of the technology developed from a R&D project relies on development of the technology intriguing customers, establishment of effective commercialization strategies throughout the stages of R&D planning and development, and interactive communication between the technology developer and a private company that will do a business with the technology. The business modeling helps accomplish the requirements for the successful commercialization. The past literature about technology commercialization does not provide a systematic procedure in developing a business model for the governmental R&D project. In this study, we proposed a systematic procedure developing a business model integrating peculiar characteristics of governmental R&D and viewpoints of technology developers and professionals of technology commercialization. It can be a useful guideline for developing a business model for the governmental R&D project.

A Study of Factors Influencing the Costs of Funding as a Function of Research Area and Financial Institutions (연구 분야 및 지원기관에 따른 연구비 영향 요인에 관한 연구)

  • Cheon, Young-Don;Kim, Dong-Guen;Lee, Yoon Been;Hwang, Ji-Ho;Kim, Yong Soo
    • Journal of Korean Society for Quality Management
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    • v.41 no.1
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    • pp.163-180
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    • 2013
  • Purpose: In this paper, we analyzed the factors that affect research grants using linear regression analysis in order to increase the effectiveness of investments in national research projects. Methods: We collected 15,454 pieces of data on research projects that finished between 2008 and 2010. Data preprocessing and visualization were done to derive statistically significant results. We identified factors that affected funding by using linear regression, and estimated increasing or decreasing tendencies based on those factors. Results: We identified the relative importance of the factors in awarding research grants. Strategies were suggested for the reasonable estimation of R&D budgets for investment purposes. Conclusion: This study will assist the decision-making process of governments in estimating funds required for R&D projects.

A Study on Strategy for Activating the Standardization in Construction Technology in Connection with Construction R&D Technology (건설R&D기술 표준화 특성 및 활성화 방안 도출에 관한 연구)

  • Lee, Kyo-Sun;Yun, Won Gun;Kim, Kyong Ju;Chin, Kyung-Ho
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.35 no.6
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    • pp.1387-1394
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    • 2015
  • Recently, there is a growing interest in technical standardization all over industry, it is very important for survival in the global market to secure standard patent in almost all of company. Technology in construction industry is essential for quality of people's life and have large impact on national economy development. However, there is lack of investment and low interest in technical standardization in construction industry in comparison with another industries. Therefore this study aims at developing strategies for activating the standardization in construcion technology. Specially, this study carries market analysis and case study for domestic construction R&D Cases. Then, a structured survey and analysis is performed for standardization in construcion technology market to suggest alternative to secure national competitiveness.

The Contingent Effect of Marketing Alliances on Firm Profitability

  • Lee, Jongkuk
    • Asia Marketing Journal
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    • v.16 no.4
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    • pp.19-37
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    • 2015
  • Forming interfirm collaborative relationships has become a key aspect of a firm's marketing strategies to create value for customers and achieve greater firm performance. While empirical findings are mixed in previous studies, this study is an effort to identify boundary conditions for the benefits of marketing alliances. We investigate internal and environmental factors that may magnify or constrain the effect of marketing alliances on firm profitability. Given the complementary relationship between marketing and R&D activities, we focus on a firm's R&D intensity as an internal factor that may magnify the value of marketing alliances for firm performance. For environmental factors, we focus on industry turbulence and industry competitiveness. Industry turbulence refers to the degree to which industry market conditions change quickly and unpredictably, whereas industry competitiveness refers to the degree to which a firm faces competition in the industry. By testing these factors, we are intended to reveal boundary conditions that determine the value of marketing alliances for firm profitability. The analysis of firms in the diverse industries shows that while the main effect of marketing alliances on firm profitability is not significant, it becomes more positive when R&D investment is more intensive or when industry environment is more turbulent. The results of this study imply that just forming more marketing alliances may not be enough to increase firm profitability. Our findings imply that marketing alliances become more effective in a dynamically changing industry environment. That is, firms can cope with industry uncertainties more effectively by forming marketing alliances. At the same time, the moderating effect of R&D intensity implies that the internal investments in R&D magnify the effect of marketing alliances on firm profitability. The findings of this study contributes to the existing alliance literature in three aspects. First, this study enhances our understanding of the contingent value of marketing alliances by testing both internal and external factors that may influence the effectiveness of marketing alliances. Second, this study responds to the need for research that investigates actual performance resulting from interfirm relationships. Third, while previous studies primarily focused on a specific industry, this study extend previous findings of the boundary conditions for the benefits of marketing alliances in a broader context.

The effects of R&D institutions and cooperation types on R&D efficiency in the components and materials industry (연구개발 수행기관 및 협력유형이 소재부품 R&D 효율성에 미치는 영향)

  • Chun, Dongphil;Woo, Chungwon;Cho, Yonggon;Han, Myunghoon
    • Journal of Technology Innovation
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    • v.27 no.3
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    • pp.1-26
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    • 2019
  • The Korean economy has undergone growth based on manufacturing end products. The Korean government aims to advance industry by strengthening the materials and components industry, which is attracting more attention in terms of maintaining the competitiveness of existing key industries, and fostering new industries required in the era of the Fourth Industrial Revolution. Despite this importance, there is insufficient related research on the efficient R&D of the materials and components industry. This study analyzed the R&D efficiency. In addition, exploratory research was conducted on the impact of corporate size and type of cooperation on R&D efficiency. Output variables were set to reflect economic performance and the empirical analysis revealed that overall R&D efficiency is low. Small firms were found to perform better than large firms in terms of firm-size, and the efficiency of business-university-research cooperation is worse than other types of cooperation. This study is exploratory research considering the materials and components industry, and the results provide implications for research institutions and regarding types of cooperation. This is expected to help develop polices for qualitative growth and R&D strategies for investment and allocation.