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http://dx.doi.org/10.14400/JDC.2015.13.8.221

Characteristics and Technology Development Mode of Local Hidden Champions in Korea : How are they different?  

Huh, Moon-Goo (School of Business Administration Kyungpook National University)
Publication Information
Journal of Digital Convergence / v.13, no.8, 2015 , pp. 221-234 More about this Journal
Abstract
The purpose of this paper is to investigate the differences between successful SMEs in Korea and German hidden champions, with respect to both strategic importance and performance of major competitive dimensions, and mode of technology development. Data were collected through survey and public databases, and the sample comprises successful SMEs located in regional area in Korea. The results show that Korean hidden champions are relatively low regarding specialization of business domain and globalization while German hidden champions have positioned in global niche market. It is also found that local firms utilize technology alliances actively for technology development while German hidden champions rely heavily on internal R&D as a primary source of innovation. Based upon these results, policy directions for fostering local hidden champions were suggested.
Keywords
hidden champion; small and medium enterprises; technology development; technology alliance;
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