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An Empirical Study on Venture & Inno-biz Enterprises' Technological Innovation from Resource-Based View  

Lee, Yong Hoon (Korea Technology Finance Corporation(KOTEC))
Sim, Seong Hag (Hanyang University Graduate School, Korea Technology Finance Corporation(KOTEC))
Publication Information
Asia-Pacific Journal of Business Venturing and Entrepreneurship / v.13, no.3, 2018 , pp. 85-98 More about this Journal
Abstract
This study aims to investigate the effects of venture & inno-biz companies' technological innovation competences on technological performances and economic competitive advantage, using VRIO framework. The empirical data for this study were based on the technology assessment results of Korea Technology Finance Corporation (KOTEC) on 3,462 venture & inno-biz companies and the following 2 years' financial data. Sample companies with technological innovation resources, such as technology management strategy(Value), differentiation of technology(Rarity), imitation difficulty of technology(Imitability) and technical organization capability(Organization), made efforts to expand their intellectual property rights, technological development and commercialization of new products, thereby ensuring technological competitive advantage. Furthermore, technological competitive advantage were proved to improve sales growth, increase in operating revenue, and financial soundness. Compared with four VRIO factors' influence on business performance, imitation difficulty of technology(Imitability) and organization technological capability(Organization) had much more influence than any other internal resources or capabilities respectively.
Keywords
technology management strategy; differentiation of technology; imitation difficulty of technology; technical organization capability; competitive advantage;
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Times Cited By KSCI : 2  (Citation Analysis)
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