DOI QR코드

DOI QR Code

A Study on Importance and Performance of Technology Innovation in IT Industry using Importance-Performance Analysis

IT산업의 기술혁신 목적 중요도 및 성과에 관한 연구 : IPA 기법을 중심으로

  • Lee, Sunghee (Department of Business Administration, Hoseo University) ;
  • Lee, Wonhee (Department of Business Administration, Hoseo University)
  • Received : 2017.06.01
  • Accepted : 2017.06.20
  • Published : 2017.06.30

Abstract

A key factor of competitiveness of a firm is technology innovation including product and process innovation. This paper explores the importance and performance of innovation in IT industry across manufacturing and service business. Using importance-performance analysis based on a survey of Korean manufacturing and service firms, we find the characteristics of innovation in IT under the context of industry difference. Out study indicate that Korean IT firms need to recognize the importance of technology innovation and enhance the performance in some areas. In future research, we will expand the boundary of innovation into non-technology innovation as well as service-specific innovation.

Keywords

References

  1. Anderson, P. and Tushman, M., "Technological discontinuities and dominant designs : a cyclical model of technological change", Administrative Science Quarterly, Vol. 35, No. 4, 1990, pp. 604-633. https://doi.org/10.2307/2393511
  2. Aunger, R., "Types of technology", Technological Forecasting & Social Change, Vol. 77, No. 5, 2010, pp. 762-782. https://doi.org/10.1016/j.techfore.2010.01.008
  3. Baumol, W. J., "Macroeconomics of unbalanced growth : the anatomy of urban crisis", The American Economic Review, Vol. 57, No. 3, 1967, pp. 415-426.
  4. Bitner, M. J., Ostrom, A. L., and Morgan, F. N., "Service blueprinting : a practical technique for service innovation", California Management Review, Vol. 50, No. 3, 2008, pp. 66-94. https://doi.org/10.2307/41166446
  5. Blau, J., "Microsoft to sell non-core tech", Research-Technology Management, Vol. 49, No. 4, 2006, p. 4.
  6. Bureau of Labor Statistics, Employment, hours, and earnings from the current employment statistics survey(National), http://data.bls.gov/cgi-bin/surveymost?ce. 2014.
  7. Cainelli, G., Evangelista, R., and Savona, M., "Innovation and economic performance in service : a firm-level analysis", Cambridge Journal of Economics, Vol. 30, No. 3, 2006, pp. 435-458. https://doi.org/10.1093/cje/bei067
  8. Carden, S. D., "What global executives think about growth and risk", Mckinsey Quarterly, Vol. 2, 2005, pp. 16-25.
  9. Cefis, E. and Orsenigo, L., "The persistence of innovative activities : a cross-countries and cross-sectors comparative analysis", Research Policy, Vol. 30, No. 7, 2001, pp. 1139-1158. https://doi.org/10.1016/S0048-7333(00)00139-6
  10. Chung, Y. C. and Hsu, Y. W., "Research on the correlation between Design for Six Sigma implementation activity levels, new product development strategies and new product development performance in Taiwan's hightech manufacturers", Total Quality Management, Vol. 21, No. 6, 2010, pp. 603-616. https://doi.org/10.1080/14783363.2010.483073
  11. Cohen, W. M. and Levinthal, D. A., "Innovation and learning : the two faces of R&D", The Economic Journal, Vol. 99, No. 397, 1989, pp. 569-596. https://doi.org/10.2307/2233763
  12. Conner, K. R. and Prahalad, C. K., "A resource-based theory of the firm, knowledge versus opportunism", Organization Science, Vol. 7, No. 5, 1996, pp. 477-501. https://doi.org/10.1287/orsc.7.5.477
  13. Cooper, R. and Kleinschmidt, J., "Benchmarking the firm's critical success factors in new product development", The Journal of Product Innovation Management, Vol. 12, No. 2, 1995, pp. 374-391. https://doi.org/10.1016/0737-6782(95)00059-3
  14. Damanpour, F., "Organizational innovation : a meta-analysis of effects of determinants and moderators", Academy of Management Journal, Vol. 34, No. 3, 1991, pp. 555-590. https://doi.org/10.2307/256406
  15. Damanpour, F. and Evan, W. M., "Organizational innovation and performance : The Problem of Organizational Lag", Administrative Science Quarterly, Vol. 29, No. 3, 1984, pp. 392-409. https://doi.org/10.2307/2393031
  16. Damanpour, F., Walker, R. M., and Avellaneda, C. N., "Combinative effects of innovation types and organizational performance, a longitudinal study of service organizations", Journal of Management Studies, Vol. 46, No. 4, 2009, pp. 650-675. https://doi.org/10.1111/j.1467-6486.2008.00814.x
  17. DeBresson, C. and Andersen, E. S., Economic Interdependence and Innovative Activity : an Input-Output Analysis, Edward Elgar, 1996.
  18. Dierickx I. and Cool K., "Asset stock accumulation and sustainability of competitive advantage", Management Science, Vol. 35, No. 12, 1989, pp. 1504-1511. https://doi.org/10.1287/mnsc.35.12.1504
  19. Drejer, I., "Identifying innovation in surveys of services : a Schumpeterian perspective", Research Policy, Vol. 33, No. 3, 2004, pp. 551-562. https://doi.org/10.1016/j.respol.2003.07.004
  20. Eisenhardt K. M. and Brown, S. L., "Patching : restitching business portfolio in dynamic markets", Harvard Business Review, Vol. 77, No. 3, 1999, pp. 71-82.
  21. Evangelista, R. and Vezzani, A., "The economic impact of technological and organizational innovations-A firm-level analysis", Research Policy, Vol. 39, No. 10, 2010, pp. 1253-1263. https://doi.org/10.1016/j.respol.2010.08.004
  22. Evangelista, R., "Sectoral patterns of technological change in services", Economics of Innovation and New Technology, Vol. 9, No. 3, 2000, pp. 183-222. https://doi.org/10.1080/10438590000000008
  23. Fagerberg, J. and Verspagen, B., "Innovation studies, the emerging structure of a new scientific field", Research Policy, Vol. 38, No. 2, 2009, pp. 218-233. https://doi.org/10.1016/j.respol.2008.12.006
  24. Forfas, A., Services innovation in Irelandoptions for innovation policy, Dublin : Forfas, 2006.
  25. Gordon, J. R. and Gordon, S. R., "Information technology service delivery : An international comparison", Structure, Vol. 29, 2002, pp. 62-70.
  26. Greenhalgh, C. and Rogers, M., "The value of innovation : The interaction of competition, R&D and IP", Research Policy, Vol. 35, No. 4, 2006, pp. 562-580. https://doi.org/10.1016/j.respol.2006.02.002
  27. Hammer, M., "Deep change : how operational innovation can transform your company", Harvard Business Review, Vol. 82, No. 4, 2004, pp. 85-93.
  28. Hay, M. and Kamshad, K., "Small firm growth : intentions, implementation and impediments", Business Strategy Review, Vol. 5, No. 3, 1994, pp. 49-68. https://doi.org/10.1111/j.1467-8616.1994.tb00166.x
  29. Hertog, den P., "Knowledge-intensive business services as co-producers of innovation", International Journal of Innovation Management, Vol. 4, No. 4, 2000, pp. 390-402.
  30. Hipp, C. and Grupp, H., "Innovation in the service sector : the demand for servicespecific innovation measurement concepts and typologies", Research Policy, Vol. 34, No. 4, 2005, pp. 517-535. https://doi.org/10.1016/j.respol.2005.03.002
  31. Hipp, C., Tether, B. S., and Miles, I., "The incidence and effects of innovation in services : evidence from Germany", International Journal of Innovation Management, Vol. 4, No. 4, 2000, pp. 417-453.
  32. Ittner, C. D., Larcker, D. F., and Rajan, M. V., "The choice of performance measures in ammual bonus contracts", Accounting Review, Vol. 72, No. 2, 1997, pp. 231-255.
  33. Jang, B. Y., "Resolving economic crisis through service R&D", STEPI Insight, 2009, p. 16.
  34. Kang, Y., Cho, C., and Lee, S., "The Characteristics of Innovation Activities in the Service Sector", Journal of Korea Technology Innovation Society, Vol. 16, No. 3, 2013, pp. 559-581.
  35. Keel, A. J., Orr, M. A., Hernandez, R. R., Patrocinio, E. A., and Bouchard, J., "From a technology-oriented to a service-oriented approach to IT management", IBM Systems Journal, Vol. 46, No. 3, 2007, pp. 549-564. https://doi.org/10.1147/sj.463.0549
  36. Klepper, S. and Simons, K. L., "The marketing of an oligopoly : firm survival and technological change in the U.S. tire industry", Journal of Political Economy, Vol. 108, No. 4, 2000, pp. 728-760. https://doi.org/10.1086/316100
  37. Knight, K. E., "A Descriptive model of the intra-firm innovation process", Journal of Business, Vol. 10, No. 2, 1967, pp. 478-496.
  38. Koellinger, P., "The relationship between technology, innovation, and firm performance-Empirical evidence from e-business in Europe", Research Policy, Vol. 37, No. 8, 2008, pp. 1327-1328.
  39. Lang, G., "Measuring the returns of R&DAn empirical study of the German manufacturing sector over 45 years", Research Policy, Vol. 38, No. 9, 2009, pp. 1438-1445. https://doi.org/10.1016/j.respol.2009.07.008
  40. Lawless, M. W. and Fisher R. J., "Sources of durable competitive advantage in new products", Journal of Product Innovation Management, Vol. 7, No. 1, 1990, pp. 35-44. https://doi.org/10.1016/0737-6782(90)90030-I
  41. Lee, C., Lee, K., and Pennings, H. M., "Internal capabilities, external networks, and performance: a study on technology-based ventures", Strategic Management Journal, Vol. 22, No. 6/7, 2001, pp. 615-640. https://doi.org/10.1002/smj.181
  42. Lee, D. H., Kim, H. B., and Lee, J., "The impact of research sponsorship upon research effectiveness", Technovation, Vol. 11, No. 1, 1991, pp. 39-57. https://doi.org/10.1016/0166-4972(91)90005-O
  43. Lee, J. J. and Kim, H. B., "Determinants of new product outcome in developing country: an longitudinal study", International Journal of Research in Marketing, Vol. 3, No. 3, 1986, pp. 143-156. https://doi.org/10.1016/0167-8116(86)90020-0
  44. Lin, S. P., Yang, C. L., and Ho, T. M., "Tourism service quality improvement-'The early bird catches the worm' ", Total Quality Management & Business Excellence, Vol. 26, No. 7, pp. 2014, pp. 793-810.
  45. Martilla, J. A. and James, J. C., "Importance- performance analysis", The Journal of Marketing, Vol. 41, No. 1, 1977, pp. 77-79. https://doi.org/10.2307/1250495
  46. Malerba, F. and Orsenigo, L., "The dynamics and evolution of industries", Industrial and Corporate Change, Vol. 5, No. 1, 1996, pp. 51-87. https://doi.org/10.1093/icc/5.1.51
  47. March, J. G. and Sutton, R. I., "Organizational performance as a dependent variable", Organization Science, Vol. 8, No. 6, 1997, pp. 698-706. https://doi.org/10.1287/orsc.8.6.698
  48. Miles, I., "Services innovation : coming of age in the knowledge-based economy", International Journal of Innovation Management, Vol. 4, No. 4, 2000, pp. 371-389.
  49. Nelson, R. R. and Winter, S. G., An evolutionary theory of economic change, Cambridge : Belknap, 1982.
  50. Niedrich R. W. and Swain S. D., "The influence of pioneer status and experience order on consumer brand preference : a mediated- effects model", Journal of the Academy of Marketing Science, Vol. 31, No. 4, 2003, pp. 468-480. https://doi.org/10.1177/0092070303254796
  51. Ostrom, A. L., Bitner, M. J., Brown, S. W., Burkhard, K. A., Goul, M., Smith-Daniels, V., Demirkan, H. and Rabinovich, E., "Moving forward and making a difference : research priorities for the science of service", Journal of Service Research, Vol. 13, No. 1, 2010, pp. 4-36. https://doi.org/10.1177/1094670509357611
  52. Park, T. H. and Park, K. H., "A model study on the effect of technological innovation factors in IT industry", Journal of Digital Convergence, Vol. 10, No. 5, 2012, pp. 177-183. https://doi.org/10.14400/JDPM.2012.10.5.177
  53. Pavitt, K. L. R., Robson, M. J., and Townsend, J. F., "Technological accumulation, diversification and organization in UK companies, 1945-1983", Management Science, Vol. 35, No. 1, 1989, pp. 81-99. https://doi.org/10.1287/mnsc.35.1.81
  54. Pavitt, K., "Sectoral patterns of technical change : towards a taxonomy and a theory", Research Policy, Vol. 13, No. 6, 1984, pp. 343-373. https://doi.org/10.1016/0048-7333(84)90018-0
  55. Reichstein, T. and Salter, A., "Investigating the source of process innovation among UK manufacturing firms", Industrial and Corporate Change, Vol. 15, No. 4, 2006, pp. 653-668. https://doi.org/10.1093/icc/dtl014
  56. Robert, P. W., "Product innovation, productmarket competition and persistent profitability in The US pharmaceutical industry", Strategic Management Journal, Vol. 20, No. 7, 1999, pp. 655-670. https://doi.org/10.1002/(SICI)1097-0266(199907)20:7<655::AID-SMJ44>3.0.CO;2-P
  57. Rogers, M., "The definition and measurement of innovation", Melbourne Institute of Applied Economic and Social Research, No. 10798, 1998, Working paper.
  58. Schilling, M. A. Strategic management of technological innovation, McGraw-Hill, 2009.
  59. Schumpeter, J. A., "The theory of economic development : an inquiry into profits, capital, credit, interest and the business cycle", Cambridge MA., Harvard University Press, 1934.
  60. Soete, L. and Miozzo, M., "Trade and development in services : a technology perspective", 1989, Working paper, 89-031, Maastricht : MERIT.
  61. Spender, J. C. and Grant, R. M., "Knowledge and the firm, overview", Strategic Management Journal, Vol. 17, No. S2, 1996, pp. 5-9. https://doi.org/10.1002/smj.4250171103
  62. Spohrer, J. and Maglio, P. P., The emergence of service science : toward systematic service innovations to accelerate cocreation of value, IBM Almaden Research Center, 2006.
  63. Sundbo, J., "Management of innovation in services", The Service Industries Journal, Vol. 17, No. 3, 1997, pp. 432-445. https://doi.org/10.1080/02642069700000028
  64. Teece, D., "Profiting from technological innovation : implications for integration, collaboration, licensing and public policy", Research Policy, Vol. 15, No. 6, 1986, pp. 285-305. https://doi.org/10.1016/0048-7333(86)90027-2
  65. Tether, B. and Hipps, C., "Knowledge intensive, technical and other service : patterns of competitiveness and innovation compared", Technology Analysis & Strategic Management, Vol. 14, No. 1, 2002, pp. 163-182. https://doi.org/10.1080/09537320220133848
  66. Tontini, G., Picolo, J. D., and Silveira, A., "Which incremental innovations should we offer? Comparing importance-performance analysis with improvement-gaps analysis", Total Quality Management and Business Excellence, Vol. 25, No. 7, 2014, pp. 705-719. https://doi.org/10.1080/14783363.2014.904571
  67. Triplett, J. E. and Barry B., Productivity measurement issues in services industries : Baumol's disease has been cured, 2003.
  68. Tushman, M. L. and Anderson, P., "Technological discontinuities and organizational environments", Administrative Science Quarterly, 1986, pp. 439-465.
  69. Ulrich, K. T. and Eppinger, S., Product design and development, McGraw-Hill, 2007.
  70. Utterback, J, M. and Abernathy, W. J., "A dynamic model of process and product innovation", Management Science, Vol. 3, No. 6, 1975, pp. 639-656.
  71. Vermeulen P. and W. Van der Aa, Organizing innovation in services, In : Tidd, J. and F. Hull (eds), Service innovation, organizational responses to technological opportunities & market imperatives, London : Imperial College Press, 2003, pp. 35-53.
  72. Voss, C. and Leonieke Z., "Innovation in experiential services-an empirical view", DTI Occasional Paper, Vol. 9, 2007, pp. 97-134.
  73. Wang, E., "R&D efficiency and economic performance : a cross-country analysis using the stochastic frontier approach", Journal of Policy Modeling, Vol. 29, No. 2, 2007, pp. 345-360. https://doi.org/10.1016/j.jpolmod.2006.12.005
  74. Wang, Z. and Wang, N., "Knowledge sharing, innovation and firm performance", Expert Systems with Applications, Vol. 39, No. 10, 2012, pp. 8899-8908. https://doi.org/10.1016/j.eswa.2012.02.017
  75. Xin, Y., Chai, K. H., and Tan, K. C.. "Service innovation: a review and future research areas", In Management of Innovation and Technology, 2006 IEEE International Conference on (Vol. 1, 2006, pp. 309-314), IEEE.
  76. Yoo, H. S., Kim, J. H., and Jun, S. P., "Study on the selection method of the focused supporting industries for the maximization of SMEs' technological innovation", Journal of Korea Technology Innovation Society, Vol. 16, No. 1, 2013, pp. 41-62.
  77. Zahra, S. A. and Bonger, W. C., "Technology strategy and software new ventures' performance exploring the moderation effect of the competitive environment", Journal of Business Venturing, Vol. 15, No. 2, 2000, pp. 135-173. https://doi.org/10.1016/S0883-9026(98)00009-3
  78. Zhang, B. and Zhang, X. L., "On innovation in service and manufacturing sector-tendency and integration", In 2007 International Conference on Management Science and Engineering, 2012, pp. 284-88.
  79. Zhou, K. Z., Yim, C. K., and Tse, D. K., "The effects of strategic orientations on technology-and market-based breakthrough innovations", Journal of Marketing, Vol. 69, No. 2, 2005, pp. 42-60. https://doi.org/10.1509/jmkg.69.2.42.60756