DOI QR코드

DOI QR Code

The Relationship between R&D Capability & Performance: Focusing the Moderating Role of Manufacturing Capability &Employee's Understanding the Biz-model

중소벤처기업의 R&D 역량이 기업성과에 미치는영향: 제조역량, 비즈니스모델 이해도의 조절효과를 중심으로

  • 김효정 (상명대학교 글로벌경영학과) ;
  • 최원용 (상명대학교 글로벌경영학과)
  • Received : 2022.01.17
  • Accepted : 2022.02.04
  • Published : 2022.02.28

Abstract

This paper investigates the effects of R&D capability, manufacturing capability, understanding of the Biz model on performance of Korean start-up companies, especially the moderating effects of manufacturing capability and understanding of the Biz model. We analysis 1103 Korean start-up companies based on "2019 Survey of Korea Venture Firms" As a result, the manufacturing capability and employee's unnderstanding the Biz-model have the positive relationship with company performance. Especially, we found that 'employee's unnderstanding the Biz-model' moderates the relationship between R&D capability & performance positively.

본 연구는 자원기반론 관점에서 중소벤처기업의 R&D 역량, 제조역량, 비즈니스모델 이해도가 기업 성과에 미치는 영향을 검증하였다. 특히, 제조역량과 비즈니스모델 이해도가 R&D 역량과 기업성과의 관계를 조절한다는 연구모형을 제시하고 이를 실증분석하였다. 2019년 벤처기업 정밀실태조사 데이테를 활용하여 1103개의 중소벤처기업을 분석대상으로 하였으며, 횡단분석을 통해 연구모형을 검증하였다. 연구결과 벤처기업의 R&D 역량이 성과에 긍정적인 영향을 줄 것이라는 가설은 지지되지 못했고, 제조역량과, 비즈니스 모델에 대한 이해도는 성과에 긍정적인 영향을 주는 것으로 나타났다. R&D 역량과 제조역량의 상호작용은 성과에 영향을 주지 못하는 것으로 나타난 반면, 비즈니스모델 이해도는 R&D 역량이 성과에 미치는 영향을 양의 방향으로 조절하는 것으로 분석되었다. 이를 통해, 한국 벤처기업의 R&D 역량은 조직원들의 비즈니스 모델에 대한 이해를 기반으로 성과에 긍정적인 영향을 미침을 확인하였다.

Keywords

Acknowledgement

본 논문은 2020년도 상명대학교 교내연구비를 지원받아 수행하였음.

References

  1. Autio, E., Sapienza, H.J. and Almeida, J. G. (2000). Effects of Age at Entry, Knowledge Intensity, and Imitability on International Growth, Academy of Management Journal, Vol. 43(5), pp. 909-924. https://doi.org/10.2307/1556419
  2. Auh, S., & Menguc, B. (2005). Balancing exploration and exploitation: The moderating role of competitive intensity. Journal of Business Research, 58(12), pp. 1652-1661. https://doi.org/10.1016/j.jbusres.2004.11.007
  3. Barney, J. B.(1991). Firm resources and sustained competitive advantage, Journal of Management, 17(1), pp. 99-121. https://doi.org/10.1177/014920639101700108
  4. Baum, J., Locke, E., & Smith, K. (2001). A multidimensional model of venture growth. Academy of Management Journal, 44(2), pp. 292-303. https://doi.org/10.2307/3069456
  5. Benner, M. J. and M. Tushman (2002). "Process Management and Technological Innovation: A Longitudinal Study of the Photography and Paint Industries." Administrative Science Quarterly. 47(4), pp. 676-706. https://doi.org/10.2307/3094913
  6. Choi J. Y. (2015). Relationship Analysis among Entrepreneurship, Innovation Capability, External Cooperation, and Technological Innovation Performance for Venture Companies, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 10(5), pp. 219-231 https://doi.org/10.16972/apjbve.10.5.201510.219
  7. Cooper, R. G.(1979). The Dimensions of Industrial New Product Success and Failure, Journal of Marketing, 43(3), 93-103 https://doi.org/10.2307/1250151
  8. Dimitratos, P. and Playkoyiannaki, E. (2003). Theoretical Foundations of an International Entrepreneurial Culture, Journal of International Entrepreneurship, Vol. 1(2), pp. 187-215. https://doi.org/10.1023/A:1023804318244
  9. Dutta, S., Narasimhan, O., and Rajiv, S.(1999). Success in High-technology Market : Is Marketing Capability Critical?, Marketing Science, 18(4), pp. 547-568 https://doi.org/10.1287/mksc.18.4.547
  10. Ferdows, K. and A. de Meyer (1990). Lasting Improvements in ManufacturingPerformance: in Search of a New Theory, Journal of Operations Management, Vol. 9, No. 2, pp. 168-184. https://doi.org/10.1016/0272-6963(90)90094-T
  11. Grant, R. M. (1991). The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation, California management Review, 33(3), pp. 114-135 https://doi.org/10.2307/41166664
  12. Gopalakrishnan, S. & Damanpour, F. (1997). A Review of Innovation Research in Economics, Sociology and Technology Management, International Journal of Management Science, 25(1), pp. 15-28.
  13. Han K. D. (2019). The Effect of Characteristics of Venture Business Founders and Management Strategy on Business Performance, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 14(6), pp. 29-43. https://doi.org/10.16972/apjbve.14.6.201912.29
  14. Hayes, R. H. and S. C. Wheelwright (1984). Restoring Our Competitive Edge: Competing Through Manufacturing, Wiley, NY.
  15. He, Z. L., & Wong, P. K. (2004). Exploration vs. Exploitation: An Empirical Test of the Ambidexterity Hypothesis, Organization Science, 15(4), pp. 481-494. https://doi.org/10.1287/orsc.1040.0078
  16. Hong J. W., & Yong S. J. (1994). The Relationship between the Type of New Product Idea Sources and the Rate of Success of NEW Product Development and Commercialization, Journal of the Korean Society for Technology Management & Economics, 2, pp. 219-241.
  17. Jones, M. V., Coviello, N., and Tang, Y. K. (2011). International Entrepreneurship Research (1989-2009): A Domain Ontology and Thematic Analysis, Journal of Business Venturing, 26(4), pp. 632-659. https://doi.org/10.1016/j.jbusvent.2011.04.001
  18. Jones, O. and Macpherson, A. (2006). "Inter-organizational Learning and Strategic Renewal in SMEs: Extending the 4I Framework," Long Range Planning, 39(2), pp. 155-175. https://doi.org/10.1016/j.lrp.2005.02.012
  19. Kang, T., C. Baek and J. D. Lee (2017). The Persistency and Volatility of the firm R&D Investment: Revisited from the Perspective of Technological Capability, Research Policy, 46(9), pp. 1570-1579. https://doi.org/10.1016/j.respol.2017.07.006
  20. Kim D. H., & Kim J. K. (2017). The Effects of R&D Capability and Market Orientation on Product Innovation Performance : The Moderating Role of Technological Innovation Orientation, Journal of the Korea Industrial Information Systems Research, 22(4), pp. 79-95 https://doi.org/10.9723/JKSIIS.2017.22.4.079
  21. Kim S. H., & Kim J. H. (2009). A IT Support policy for R&D competence : steel industry case, Journal of the Korea Industrial Information Systems Research, 14(4), pp. 143-152.
  22. Kim S. W. (2007). The Role of World Class Manufacturing Capability. Journal of the Korean Production and Operations Management Society, 18(2), pp. 59-84. https://doi.org/10.21131/KOPOMS.18.2.200706.59
  23. Knight, G. A., & Cavusgil, S. T. (1996). The Born Global Firm: A Challenge to Traditional Internationalization Theory, In S. T. Cavusgil, & T. K. Madsen, Advances in International Marketing, Vol. 8, pp. 11-26. New York, NY: JAI Press.
  24. Knight, G. A. and Cavusgil, S. T. (2004). Innovation, Organization Capabilities, and the Born-global Firm, Journal of International Business Studies, 35(2), pp. 124-141. https://doi.org/10.1057/palgrave.jibs.8400071
  25. Kor, Y.Y. (2006). Direct and interaction effects of top management team and board compositions on R&D investment strategy. Strat. Mgmt. J ., 27, pp. 1081-1099. https://doi.org/10.1002/smj.554
  26. Kuemmerle, W. (2005). The Entrepreneur's Path to Global Expansion, MIT Sloan Management Review, 46(2), pp. 42-49.
  27. Lee, C., Lee, K., and Penning, J. M. (2001). Internal Capabilities, External Networks, and Performance: A Study on Technology-based Ventures, Strategic Management Journal, 22(6/7), pp. 615-640. https://doi.org/10.1002/smj.181
  28. Lee Y., & Song E. (2019). The Effects of the Government Funding on Venture Firms' Management Performance: Focusing on the Mediation Effect of Firms' Internal Competencies and the Moderation Effect of Firm's Growth Stage, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 14(2), pp. 31-46. https://doi.org/10.16972/APJBVE.14.2.201904.31
  29. Locke, E. A. & G. P. Latham (1991). A Theory of Goal Setting & Task Performance. The Academy of Management Review. 16(2), pp. 480-483 https://doi.org/10.5465/AMR.1991.4278976
  30. Luo, X., Slotegraaf, R. J., & Pan, X. (2006). Cross-functional "coopetition": The simultaneous role of cooperation and competition within firms. Journal of marketing, 70(2), pp. 67-80. https://doi.org/10.1509/jmkg.70.2.067
  31. Mahoney, J. T., & Pandian, J. R.(1992). The Resource-Based View within the Conversation of Strategic Management, Strategic Management Journal, 13(5), pp. 363-380. https://doi.org/10.1002/smj.4250130505
  32. Morris, M., M. Schindehutte, and J. Allen (2005). The Entrepreneur's business model: Toward a unified perspective, Journal of Business Research, 58(6), pp. 726-735 https://doi.org/10.1016/j.jbusres.2003.11.001
  33. Nam Y. H., & Park H. A. (2003). Empirical Examination on Characteristics of the Cross-Functional Integration of New-Product-Development Projects. Korean Management Review, 32(4), pp. 1063-1088.
  34. Nerkar, A. and S. Shane (2007). Determinants of invention commercialization: an empirical examination of academically sourced inventions, Strategic Management Journal, 28, pp. 1155-1166. https://doi.org/10.1002/smj.643
  35. O'Regan, N., & Ghobadian, A. (2005). Innovation in SMEs: the impact of strategic orientation and environmental perceptions. International Journal of Productivity and Performance Management, 54(2), pp. 81-97. https://doi.org/10.1108/17410400510576595
  36. Oviatt, B. M. and McDougall, P. P.(1994). Toward a Theory of International New Ventures, Journal of International Business Studies, Vol.25 No.1, pp. 45-64. https://doi.org/10.1057/palgrave.jibs.8490193
  37. Oviatt, B. M. & McDougall, P. P. (1995). Global Start-ups: Entrepreneurs on a Worldwide Stage, Academy of Management Executive, 9(2), pp. 30-44.
  38. Rhee Y. P. (2019). The Impacts of Technology Innovation Capability on Internationalization in Korean Venture Firms, International Business Review, 2019, 23(3), pp.179-200 https://doi.org/10.21739/ibr.2019.09.23.3.179
  39. Richardson, P. R. and J. R .M. Gordon. (1980). Measuring Total Manufacturing Performance, Sloan Management Review, Winter, pp. 47-48.
  40. Sandberg, W. R., & Hofer, C. W. (1987). Improving new venture performance: The role of strategy, industry structure and the entrepreneur. Journal of Business Ventureing, 2, pp. 5-28. https://doi.org/10.1016/0883-9026(87)90016-4
  41. Schonberger, R. J. (1990). Building a Chain of Customers, Hutchinson, London.
  42. Seo C. J., Luo J. Y., & Lee S. H. (2008). Effects on Business Performance of Manufacturing Competency in Sawmill Industry. Journal of the Korean Production and Operations Management Society, 19(1), pp. 81-104. https://doi.org/10.21131/KOPOMS.19.1.200803.81
  43. Shin J. K., & Im J. H. (2014). Industrial Cluster System, and Entrepreneurship, RandD Capability and Technological Innovation of SMEs, Management & Information Systems Review, 33(2), pp. 171-188. https://doi.org/10.29214/DAMIS.2014.33.2.010
  44. Slywotzky, A. J. (1997). Value migration: how to think several moves ahead of the competition. Long Range Planning, 2(30), pp. 314.
  45. Song, M., Podoynitsyna, K., van der Bij, H., and Halman, J.I.M. (2008). Success Factors in New Ventures: A Meta-analysis, Journal of Product Innovation Management, Vol. 25(1), pp. 7-27. https://doi.org/10.1111/j.1540-5885.2007.00280.x
  46. Souitaris, V. (2002). Firm-specific Competencies Determining Technological Innovation: A Survey in Greece, R& D Management, Vol.32, No.1, , pp. 61-77. https://doi.org/10.1111/1467-9310.00239
  47. Sun J. H., & Kim S. W. (2019). A Study on the Antecedents and Performances of Technological Innovation, Journal of the Korea Industrial Information Systems Research, 24(6), pp. 67-79 https://doi.org/10.9723/JKSIIS.2019.24.6.067
  48. Stewart, D. W., & Zhao, Q. (2000). Internet marketing, business models, and public policy. Journal of public policy & marketing, 19(2), pp. 287-296. https://doi.org/10.1509/jppm.19.2.287.17125
  49. Timmers, P. (1998). Business models for electronic markets. Electronic markets, 8(2), 3-8. https://doi.org/10.1080/10196789800000016
  50. Venture Business Association. (2019). 2019 Survey of Korea Venture Firms, Ministry of SMEs and Startups & Korea
  51. Wernerfelt, B. A. (1984). A Resource-based View of the Firm, Strategic Management Journal, 5(2), pp. 171-180. https://doi.org/10.1002/smj.4250050207
  52. Yang Y. S., & Lee J. E. (2020). The Effects of Technological and Learning Capability of SMEs on the International Performance: Focusing on the Mediating Effect of Innovative Performance, Korea Trade Review, 45(2), pp. 87-102. https://doi.org/10.22659/KTRA.2020.45.2.87
  53. Youn J. R., & Kim H. C. (2009). The Effect of Entrepreneurs Characteristics and Differentiation Strategy on Performance of Venture Business, Korean Journal of Business Administration , 22(6), pp. 3693-3721.
  54. Zahra, S. A. and George, G. (2002). Absorptive Capacity : A Review, Reconceptualization, and Extension, Academy of Management Review, 27(2), pp. 185-203 https://doi.org/10.2307/4134351
  55. Zahra, S. A., Ireland, R. D. and Hitt, M. A. (2000). International Expansion by New Venture Firms: International Diversity, Mode of Market Entry, Technological Learning, and Performance, Academy of Management Journal, Vol.43 No.5, pp. 925-950. https://doi.org/10.2307/1556420
  56. Zahra, S.A., Matherne, B. P., and Carleton, J. M. (2003). Technological Resource Leveraging and the Internationalisation of New Ventures," Journal of International Entrepreneurship, Vol. 1(2), pp. 163-186. https://doi.org/10.1023/A:1023852201406
  57. Zhang, Y., Li, H., Hitt, M. & Cui, G. (2007). R&D Intensity and International Joint Venture Performance on an Emerging Market: Moderating Effects of Market Focus and Ownership Structure, Journal of International Business Studies, 38(6), pp. 944-960. https://doi.org/10.1057/palgrave.jibs.8400301