• Korea Trade Review
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• v.41 no.2
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• pp.159-183
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• 2016

This study focuses on export venture firms in Daedeok Innopolis and examines the structural relationships among dynamic capability, technology commercialization competence, innovation performance, and competitive advantage. In particular, this study attempts to analyze dynamic capabilities that may affect technology commercialization competence, innovation performance, and competitive advantage. The development of the research model takes on a dynamic-capability view and is based on empirical studies regarding competitive advantage. A survey of 103 export venture firms was conducted from January 5, 2015, to February 4, 2015. A partial least squares structural equation model is used to test the relationships between constructs set in the study. The results of the study show that the dynamic capability of an export venture firm has a significant positive influence on the firm's technology commercialization competence, innovation performance, and competitive advantage. The study also finds evidence that the export venture firm's technology commercialization competence directly affects its innovation performance and competitive advantage. In addition, the findings indicate that the innovation performance of an export venture firm has a significant positive impact on the firm's competitive advantage. Overall, these findings contribute to a better understanding of the contexts in which dynamic capability represents a specific capability for export venture firms.

• Management & Information Systems Review
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• v.37 no.1
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• pp.19-40
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• 2018

The purpose of this study is to analyze the effects of a firm's dynamic capabilities measured by sensing, seizing, transforming, coordinating, and learning capabilities on its competitive capabilities, such as product quality, process flexibility, delivery speed, and low cost. The relationship among dynamic capabilities, competitive capabilities, and export firm performance is set up as a research model based on empirical studies related to the existing dynamic capability perspective and competitive capabilities. To test this research model, this study collected 102 samples of data using a questionnaire survey on both manufacturing and exporting firms. The partial least squares method is used and the following results are derived from an empirical analysis. First, dynamic capabilities have a positive effect on competitive capabilities, such as product quality, process flexibility, delivery speed, and low cost. Second, product quality and process flexibility have a positive effect on export firm performance. Third, unlike previous research results, this study finds that the competitive capabilities of a firm in the areas of delivery speed and low cost do not significantly affect its performance. These findings provide meaningful implications for export venture firms that need to acquire and maintain competitive advantage in a rapidly changing environment.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.12
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• pp.8262-8273
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• 2015

Sources of innovation and a sustainable competitive advantage for market leading firms in a dynamic environment are major concerns for both firm managers and academic researchers. For this reason, the dynamic capability view (DCV), evolved from the resource-based view (RBV) is gaining popularity as a cornerstone for success of firms in a dynamic market. DCV proposes a number of new concepts and elements, but these are still under development. This study suggests a comprehensive constitution of dynamic capabilities by performing a systematic literature review of 59 conceptual research papers from 238 bodies of literature. For the integrative conceptual framework, the elements of the dynamic capabilities are segmented into organizational learning and strategic choices with sensing, seizing, and reconfiguring stages. In addition, our conceptual framework lays a foundation for further empirical studies, with investigating sources of competitive advantage of market leading firms.

• Asia Marketing Journal
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• v.4 no.2
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• pp.26-54
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• 2002

본고에서는 신(新)성장이론과 자원우위 내지 동태적 역량에 관한 연구결과를 토대로 전환기의 경제자유화 과정이 경쟁의 기반을 어떻게 재규정하고 전략 또는 조직의 변화를 어떠한 방식으로 유발시키는가를 설명하고자 한다. 그러한 변화는 기존의 조직유형과 경제자유화 이후에 탄생된 새로운 기업들로 기술되었다. 본고에서는 동태적 경쟁과 마케팅 혁신의 추동력에 관한 몇 가지 명제를 도출하였다. 그러한 명제들은 개발도상국은 물론 우리 나라와 같은 신흥공업국에 이르기까지 지역과 소득수준을 초월하여 광범위한 범위에 걸쳐 적용될 수 있는 시장지향적 제도개혁과 마케팅 행동상의 변화간의 동태적 상호작용으로 야기되는 주요 정칙성에 초점을 두었다. 제시된 명제들은 제도개혁이 전환기의 경제적 환경에 어떻게 영향을 미치는가에 관한 신(新)성장이론의 관점과 제도개혁에 대한 기업차원의 대응과 이에 따론 제도적 변화간의 관계를 설명하려는 자원우위 내지 동태적 역량에 관한 이론과 실증적 연구결과에 근거한 것이다.

• Journal of Service Research and Studies
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• v.8 no.1
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• pp.27-39
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• 2018

This study is an empirical study to examine the effect of the characteristics of service nature of Korean small and medium manufacturing firms on organizational innovation. It is essential to know service in order for Korea, which has a strong image as a fast follower, to enhance the competitiveness of Small and Medium size Manufacturing firms. By analyzing the service characteristics phenomenon, it is possible to understand the service nature characteristics and to strengthen the capacity to meet them. In order to gain a new resource while achieving organizational innovation, the manufacturing industry can produce new demand for the main products with competitive advantage. The characteristics of service nature are derived from relationship, equality, interactivity, and experiential value. In order to enhance the competitiveness of small and medium size manufacturing firms, core competencies required for organizational innovation are set as dynamic competencies, and to prove it. The dynamic capacity was found to affect the relationship, interactivity, and experience value. It is proved that it is an important factor to promote organizational innovation as a capability to identify and actively utilize organizational innovation opportunities ahead of competitors in a rapidly changing environment. It is needed to confirm that large corporations, midsize companies, and overseas companies can achieve the same results.

• Survey Research
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• v.9 no.2
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• pp.85-118
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• 2008

There have been a great many ups and downs in Korean Credit Card Industries after 2000. It is certain that each Credit Card Company copes with the situations by means of its organizational capabilities. According to the evolutionary view of Institutionalism, a company's capabilities are composed of every day routines, codes, rules, learning(by doing, using, interacting) and decision makings. The purpose of this article is to verify how two Korean Credit Card Companies showed their strategic differences and what factors exposed each company's own limits. To examine the company's ordinary conducts, this study used Q methodology with a random sample of 16 members from each company. Especially from the results of Q factor analysis, it becomes clear that each company still takes a serious view of the economy of scale rather than the innovation or improvement of organizational and relational dynamics.

• Korean Business Review
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• v.19 no.2
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• pp.183-206
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• 2006

Recently, the notion of "increasing returns" has been popular not only in academia but also in industries. This notion has been drawn from prior research on network effects, which showed that the market evolution would lock in to a dominant technology. However, the long history of technological change has rarely shown the possibility of lock-in to an inferior technology. How could the market with network effects make transition between incompatible technologies regimes by escaping the lock-in? This paper analyzes the effectiveness of R&D and technological choice to investigate the sources of the dynamic capabilities in the presence of network effects and uncertain technological progress. Why does the market sometimes work against a radical technology, and why, at other times, does the market operate in favor of it? This study is to address this question by modeling the situation of two competing technologies in the presence of network effects. The numerical analysis indicates that the evolution strategy of compatibility is more likely to increase the chance of firm growth when a majority of customers are not power users or when demand for an old technology has been escalated. But when there are a substantial number of power users or when a new technology emerges before such an escalation of demand, the revolution strategy of compelling performance is more likely to be effective. The result suggests a potential mechanism for overcoming the lock-in problem. When the market exhibits some inertia to an obsolete technology, which is reinforced by the increasing customer value with respect to backward compatibility, the survival of a new technology depends on power users. When many power users are cultivated by firms' technological efforts regarding the new technology, the market is less likely to lock into an obsolete technology. Indeed, in the workstation market, where power users characterize much of the demand, innovators like Sun successfully switched to the RISC architecture.

• The Journal of Korean Institute for Practical Engineering Education
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• v.2 no.2
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• pp.120-136
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• 2010

As there has recently been a rapid increase in importance of lifelong study, the number of learners participating in lifelong educational programs is increasing geometrically and lifelong educational institutions turned out to be the best one where everyone wants to study. Hereupon, aimed at team leaders managing the whole nation lifelong institutions and teachers interacting briskly with learners, we tried to research and analyze main cause affecting performances of lifelong educational institutions of university in this study based on Resource Based View and Dynamic Capability Theory for continuous development of lifelong educational institutions and securement of the competition. The contents and results of this study run as follows First, We tried to investigate the relation between resources and performances of lifelong educational institutions of university as contents and results of this study. The results were analyzed that material resources like an easy accessibility, superiority of facilities and teachers' excellence of lifelong educational institutions have an beneficial influence. Second, We tried to understand a leading cause affecting Dynamic Capabilities of lifelong educational institutions. The analyzed results were that material and human resources like easy accessibility, superiority of facilities, superiorities of teachers and director's empowering readership as a superior and organizational culture(autonomy, interaction) affect Dynamic Capabilities. These results could be understood that lifelong educational institution characteristics of university are well reflected. Third, We tried to find that even though elements of Resource Based view are surely important, Dynamic Capabilities of the organization are more important for continuous development and growth of lifelong educational institutions. Upon investigation, we found that there were mediating effectiveness in relations between Absorptive Capability and Innovative Capability which are Dynamic Capabilities and performances. Like preceding, there wes also mediating effectiveness in relations between empowering and organizational culture(autonomy, interaction) of a superior. And to conclude, superiority of resources could contribute to developing lifelong educational institutions to some degree but considering features of lifelong educational markets rapidly changed, Dynamic Capabilities of organization are more important for continuous growth and expensive preferability.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.13 no.2
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• pp.91-100
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• 2018

Small and medium enterprises (SMEs) endeavor to overcome the adverse resource conditions and secure competitive advantage through technological innovation capability. Prior studies have focused on the overall or specific dimensions of technological innovation capability, and examined their performance impact. However, there has been less scholarly attention on the dynamic characteristics such as the relative importance of technological innovation capability or its performance impact at the different growth stages of a firm. In this vein, this study investigates the relationship between SME innovation capability and innovation performance at each growth stages of a firm. Based on the empirical analysis of manufacturing SMEs in Korea, we found that all dimensions of technological innovation capability had positive effects on innovation performance. However, each dimension of technological innovation capability had different effect on innovation performance by the growth stages. The planning capability can improve innovation performance at the growth and maturity stages. Manufacturing capability can have positive effect on innovation performance at the maturity stage. Both of new product development capability and commercialization capability contribute to innovation performance at all of the growth stages. This study suggests the guidelines for enhancing technological innovation capability at the different growth stages of SMEs. It also provides policy implications for the design and operation of growth-stage specific programs. Finally, the limitations of the research and future research directions are presented.

• Asia Marketing Journal
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• v.3 no.2
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• pp.41-68
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• 2001

최근 20년간 마케팅을 비롯하여 사회과학 전반에 걸쳐 기업이론에 관하여 새로운 패러다임으로 각광을 받아온 신제도학파 접근방법은 이익극대화를 기업의 중심적 행동으로 가정하고 있는 신고전학파의 맹점을 극복하여 조직문제를 포괄적으로 다룰 수 있음을 보여주고 있다. 이 이론은 한정된 합리성, 기회주의, 자산 특수성, 지배구조, 신뢰 및 협동 등의 핵심적 개념들이 동태적 환경 하에서 활동하고 있는 기업의 경제적 행동을 분석하고 이해하는데 크게 기여하였음이 입증되고 있다. 이것은 다수의 실증적 문헌들에서 엿볼 수 있다. 그러나 신제도학파의 이론적 틀은 두 가지 면에서 주요 결점을 안고 있다. 그 하나는 이론의 정당성을 입증하기 위한 실증적 연구결과물을 무수하게 찾아볼 수 있으나, 대부분이 연구의 타당성이 결여되어 있다는 점이고, 또 하나의 결정적 결함은 신고전학파와 마찬가지로 비교정태적 접근방법을 택함으로써 역사적 관점이 도외시되고 기업의 전략개발과 구조적 변동을 이해하는데 필수적인 조직과 기술간의 동태적 상호작용의 중요성을 간과하고 있다는 점이다. 이에 따라 본고에서는 국제교역 이론가들이 제시한 기업 특유의 경쟁우위에 관한 착상과 그러한 우위가 기업 내외의 네트워크 형성을 포함하여 결집된 조직역량에서 도출된다는 견해를 거래비용이론에 접목시킴으로써 기업의 성격과 그 성장방식을 보다 설득력있게 이해할 수 있으리라는 관점을 제시하려 하였다. 이와 같이 거래비용이론과 진화론을 결합하면 신제도학파 기업이론의 결점이 보완되고 이론의 발전이 한 단계 진일보할 것으로 기대된다. 특히 마케팅 연구자들이 거래비용이론의 경우와 마찬가지로 본고에서 제시한 통합이론에 대해서도 실증적 연구를 행하면 이론개발에 크게 기여할 것으로 생각된다.