Browse > Article

A Study on the Determinants of Success in Technology Commercialization of Innovative Technology SMEs : With a Focus on the New Excellent Technology(NET) Certification System  

Ma, Changwhan (The Graduate School of Technology & Innovation Management of Hanyang Univercity)
Choi, Gyung-hyun (The Graduate School of Technology & Innovation Management of Hanyang Univercity)
Publication Information
Asia-Pacific Journal of Business Venturing and Entrepreneurship / v.16, no.2, 2021 , pp. 95-108 More about this Journal
Abstract
Technology innovation activities are very important for companies to secure technological competitiveness and continue to grow. Korea operates a certification system at the national level to promote corporate innovation activities, and strives to enhance SMEs' global technological competitiveness. Among these, the representative system related to technological innovation is the New Excellent Technology (NET) certification. NET is certified through a strict three-stage screening process, and is operated for the purpose of commercialization of new technology, technology trading, and promotion of early market entry by companies. Acquiring NET certification means that the company has a certain level of technological competitiveness. Therefore, this study attempted to conduct an empirical analysis on which technology innovation activities of companies affect the success of R&D projects and improvement of management performance, centering on NET certification system. To verify this, technology strategy, technology planning, systematic R&D process, internal cooperation, and external cooperation activities were set as major variables. As a result of the empirical analysis, it was confirmed that all variables set in this study individually contributed to the success of the R&D project and improvement of management performance. However, when looking at a comprehensive level that considers all variables, it was analyzed that systematic R&D process management and cooperation activities with external organizations have a statistically significant effect on R&D project success, and technology strategy establishment and technology planning activities, which are the initial stages of R&D, have a statistically significant effect on management performance. This study was conducted on innovation-oriented SMEs that have established and operated corporate R&D centers and are actively conducting R&D activities, and multiple regression analysis was used as an analysis method.
Keywords
New Excellent Technology (NET) Certification; Technology Strategy; Technology Planning; R&D Process Management; Internal Cooperation; External Cooperation;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
연도 인용수 순위
1 Stockstrom, C., && Herstatt, C.(2008). Planning and Uncertainty in New Product Development, R&D Management, 38, 480-490.   DOI
2 Jorgensen, J. H., C. Bergenholtz, Goduscheit, R. C., & Rasmussen. E. S.(2011). Managing Inter-firm Collaboration in the Fuzzy Front-end: Structure as a Two-edged Sword, International Journal of Innovation Management, 15(1), 145-163.   DOI
3 Raymond, L., & St-Pierre, J.(2010). R&D as a Determinant of Innovation in Manufacturing SMEs: an Attempt at Empirical Clarification, Technovation, 30, 48-56.   DOI
4 Seo, J. D.,(2009). Classification of technologically innovative SMEs by type and research on customized support plans, Seoul: Korea Small Business Institute.
5 Shenhar, A. J., Tishler, A. Dvir, D., Lipovetsky, S., & Lechler, T.(2002). Refining the Search for Project Success Factor: a Multivariate, Typological Approach, R&D Management, 32, 111-126.   DOI
6 Simonen, J., & McCann, P.(2008). Innovation, R&D Cooperation and Labor Recruitment: Evidence from Finland, Small Business Economics, 31, 181-194.   DOI
7 Teece, D. J.(2010). Alfred Chandler and 'Capabilities' Theories of Strategy and Management, Industrial and Corporate Change, 19(2), 297-316.   DOI
8 KOITA.(2007). R&D project management for research planning and evaluation practitioners, Seoul: Korea Industrial Technology Association.
9 Jung, K. H.(2010). Research on science and technology planning for the efficient achievement of national science and technology goals, Seoul: KISTEP.
10 Khalil, T.(2000). Management of Technology: The Key to Competitiveness and Wealth Creation, Boston: McGraw Hill.
11 KOITA.(2020a). 2019 White Paper on Industrial R&D, Seoul: Korea Industrial Technology Association.
12 Kim, J. S.(2005). A Study on the support system and characteristics of the inno-biz corporations, Daejeon: Hanbat National University.
13 Wheelen, T. L., & Hunger, J. D.(2006). Strategic Management and Business Policy, 10th ed, New Jersey: Prentice Hall.
14 Tidd, J., & Bessant, J.(2009). Managing Innovation: Integrating technological, Market and Organizational Change, 4th Ed., Chichester: John Willy & Sons.
15 Van de Vrande, V., De Jong, J. P. J., Vanhaverbeke, W., and De Rochemont., M. (2009), "Open Innovation in SMEs: Trends, Motives and Management Challenges, Technovation, 29, 423-437.   DOI
16 Verworn, B., Herstatt, C., & Nagahira, A.(2008). The Fuzzy Front End of Japanese New Product Development Projects: Impact on Success and Differences between Incremental and Radical Projects, R&D Management, 38, 1-19.   DOI
17 Yoon, B. R.(2021.2.28.). South Korea's exports declined 5.5% last year, but remained the 7th largest export country, yunhap news, https://www.yna.co.kr/view/AKR20210226165800003.
18 Shim, Y. S., Seo, J. H., & Park, E. M.(2020). A Study on the Strategic Orientation and the Performance of IT Startups : The Moderating Effect of Corporate Social Responsibility Orientation, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 16(1), 127-138.   DOI
19 Min, I. S., & Choi, P. S.(2009). STATA Basic statistics and regression analysis, Seoul: The Korean Association of STATA.
20 Go, S. H., Kim, K. K., Kim, S. W., Moon, Y. K., Min, S. H., Yoo, H. J., Lee, S. Y., Lee, J. H., Jang, J. O., Jung, K. S., & Jung, T. I.(2015). The Practice of Social Research (13th Edition), Seoul: CENGAGE Learning.
21 Kwak, S. H., & Suh, C. J.(2010). A Comparison of Management Performance between Technology Innovation and Management Innovation Companies, KOPOMS, 21(3), 321-337.
22 Choi, W. I., & Kim, S. J.(1998). Relationship between new product development strategy, process and structure and performance, Journal of Technology Innovation, 6(1), 128-162.
23 Poskela, J., & Martinsuo, M.(2009). Management Control and Strategic Renewal in the Front End of Innovation, Journal of Product Innovation Management, 26, 671-684.   DOI
24 Afuah, A.(2003). Innovation Management: Strategies, Implementation and Profits(second Edition), New York: Oxford Univ. Press.
25 AURI.KOSIME.(2011). SME technology planning capability analysis and improvement plan research, Seoul: AURI.
26 Chesbrough, H.(2003). Open Innovation: The New Imperative for Creating and Profiting from Technology, Harvard Business School Press, Boston.
27 Chesbrough, H. W., & Garman, A. R.(2009). How Open Innovation Can Help You Cope in Lean Times, Harvard Business Review, December.
28 Chung, S. Y.(2011). Strategic Technology Management (3th Edition), Seou.
29 Cooper, R. G.(2001). Winning at New Products: Accelerating the Process from Idea to Launch. New York: Basic books.
30 Jin, J. S., Shin, K, J., & Park, J. S.(2012). Research on the financial performance of innovative SMEs, Korea Management Engineers Society, 17(1), 69-83.
31 KOITA.(2020b). New technology and product certification status in September 2020, Seoul: Korea Industrial Technology Association.
32 Lee, D. J.(2007). Connection plan between policies for fostering innovative SMEs, Seoul: Korea Small Business Institute.
33 Lee, J. M., Noh, M. S., & Chung, S. Y.(2013). A Study on the Influence of SMEs' Technology Planning Capabilities on the Success of Technology Commercialization, Journal of Technology Innovation, 21(1), 253-278.
34 MSIT.KOITA.(2019). The turning point of SME growth - 2018 University-Research Institute Joint Research and Development Support Project Performance Casebook, Seoul.
35 Lee, J. M., & Chung, S. Y.(2013). An Empirical Study on the Effects of Technology Strategy and Technology Planning Capability on Firms' Profits, Korea Technology Innovation Society, 21(1), 253-278.
36 Li, Y., Su, Z., & Liu, Y.(2010). Can Strategic Flexibility Help Firms Profit from Product Innovation?, Technovation, 30, 300-309.   DOI
37 Ma, C. W., & Lee, D. G.(2020). A Study on the Effect of New Technology Certification (NET) on the Increase of Corporate Sales Growth, Public Policy Review, 34(1), 25-46.   DOI
38 MSIT.KISTEP.(2020). Survey of Research and Development in Korea, 2019 : Key Figures of Korea R&D Activities, Seoul: MSIT.KISTEP.
39 Narula, R.(2004). R&D Collaboration by SMEs: New Opportunities an Limitations in the Face of Globalisation, Technovation, 24, 153-161.   DOI
40 Martin, P., & Tate, K.(2001). Getting Started in Project Management, New Yord: John Wiley & Sons, Inc.
41 Ortega-Argiles, R., Vivarelli, M., & Voigt, P.(2009). R&D in SMEs: a Paradox?, Small Business Economics, 33, 3-11.   DOI
42 Park, J. M., & Lee, J. M.(2011). How Do Firms' Innovation Behaviors Affect their Outputs in Korea?, Journal of the Korea Contents Association, 11(3), 339-350.   DOI
43 Porter, M. E.(1985). Competitive Advantage: Creating and Sustaining Superior Performance, New York: The Free Press.