[KSCI] Korea Science Citation Index Service

http://dx.doi.org/10.5762/KAIS.2015.16.3.1824

The study on the Diagnosis of SMEs Innovation Capability for the Value Innovation and Innovation Strategy -Focused on the Utilization of the VIQ(Value Innovation Quotient)-

Lee, Won-Il (Department of Management & Accounting, Hanbat National University)

Publication Information

Journal of the Korea Academia-Industrial cooperation Society / v.16, no.3, 2015 , pp. 1824-1831 More about this Journal

Abstract

This study diagnosed the innovation capability of SMEs by utilizing the VIQ(Value Innovation Quotient) and deduced the innovation strategy. VIQ is the diagnosis tool for measuring the innovation capability of the SMEs focusing on the value innovation. SMEs can utilize this tool for diagnosis and deduce the innovation strategy. This study selected the high-growth venture company- K company and analyse it and deduced the innovation strategy. Innovation strategy can be as follows; Firstly, agile strategy formulation tool such as business intelligence and scenario planning should be adopted for the flexible business planning. Secondly, speedy decision making process should be made. Thirdly, open communication and empowerment process should be made. This paper can present the method of evaluating and diagnosis of value innovation capability of SMEs and innovation strategy formulation process.

Keywords

Value Innovation Quotient; Diagnosis of Innovation Capability; Innovation Strategy;

Citations & Related Records

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