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Successful Technology Investment Strategy in Manufacturing Industry: Fuzzy-set Qualitative Comparative Analysis (fsQCA) Approach

제조업에서의 성공적인 기술투자 전략에 대한 연구: 퍼지셋 질적비교분석

  • Yunmo Koo (Barun ICT Research Center, Yonsei University) ;
  • Juyeon Ham (Smart Tourism Research Center, College of Hotel and Tourism Management, Kyung Hee University) ;
  • Jae-Nam Lee (Korea University Business School)
  • 구윤모 (연세대학교 바른ICT연구소) ;
  • 함주연 (경희대학교 호텔관광대학 스마트관광연구소) ;
  • 이재남 (고려대학교 경영대학)
  • Received : 2017.07.24
  • Accepted : 2017.10.13
  • Published : 2017.12.31

Abstract

Despite high uncertainty on financial return, firms have continuously increased their investment on technologies because they recognize the potential value of technology investment in terms of enhancing operational efficiency and sustaining competitive advantage. Notably, an individual technology investment pattern or strategy within an industry may ultimately lead to significant differences in business performance. Hence, we first categorized technology investment into traditional research and development investment and information technology investment. Afterward, we examined the effects of each pattern with combination of the two types of technology investment on business performance according to firm size and position in the supply chain through fuzzy-set qualitative comparative analysis. Data collected from 562 manufacturing firms in Korea were used in the analysis. Results showed that large-sized firms were slightly affected with microscopic patterns in their technology investments, whereas small firms were highly affected with their technology investment patterns and their positions in the supply chain. The findings implied that a small enterprise requires an appropriate technology investment strategy to achieve successful business outcomes.

재무적 성과 측면의 높은 불확실성에도 불구하고, 기업들은 기술에 대한 투자를 지속적으로 확대하고 있다. 이는 기업들이 단기적 운영효율성의 증대는 물론 지속적 경쟁우위를 창출하고 유지하는 데 있어 기술투자를 중요하게 인식하고 있기 때문이다. 주목할 점은 개별 기업의 기술투자 전략과 그에 따른 세부적인 양상 혹은 패턴이 동일 산업 내에서도 상이한 모습을 보이고 있으며, 이러한 차이점이 궁극적인 기업성과의 차이로 이어지고 있다는 것이다. 본 연구는 이러한 기술투자를 전통적인 R&D 투자와 IT 투자로 구분하고, 두 가지 유형의 기술투자가 조합되어 만들어 내는 일종의 기술투자 패턴이 기업규모 및 공급사슬 상에서의 위치에 따라 기업성과에 어떤 영향을 미치고 있는 지에 대해 살펴보았다. 이를 위해 국내 562개 제조기업을 대상으로 수집된 데이터를 퍼지셋 질적비교분석(fsQCA: fuzzy-set Qualitative Comparative Analysis)을 통해 살펴보았다. 분석 결과, 상대적으로 기업규모가 큰 기업의 경우 세부적인 기술투자 패턴이 기업성과에 미치는 영향의 정도가 낮은 것으로 나타난 반면, 규모가 작은 기업의 경우 그 영향의 정도가 큰 것으로 나타났으며, 공급사슬 상에서의 위치에 따른 영향 역시 큰 것으로 나타났다. 이는, 기업규모가 작은 기업일수록 높은 기업성과를 얻기 위해서는 주어진 경영환경에 따라 보다 적합한 형태의 기술투자 전략이 요구된다는 것을 의미한다.

Keywords

Acknowledgement

이 논문은 2014년 정부(교육부)의 재원으로 한국연구재단의 지원을 받아 수행된 연구임 (NRF-2014S1A5A2A03064953).

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