DOI QR코드

DOI QR Code

A Study on the Relationship between the Management Strategies, Innovation Activities, and Business Performance of a Company

기업의 경영전략 및 혁신활동과 경영성과와의 관계성 연구

  • Shim, Taeyong (Dept. of E-Business, Kyonggi University) ;
  • Lee, Daegyu (Dept. of Business Administration, Baekseok University)
  • 심태용 (경기대학교 e-비즈니스학과) ;
  • 이대규 (백석대학교 경영과)
  • Received : 2019.06.14
  • Accepted : 2019.09.06
  • Published : 2019.09.30

Abstract

For this study, a survey was conducted with the employees of small and medium-size enterprises (SMEs) located in Seoul and in Gyeonggi province. In the end, a total of 328 valid questionnaires were received and used in the analysis. The data of this study were analyzed using two statistics programs: SPSS Statistics 22.0 and AMOS 22.0. As for the method to verify the hypothesis, we used a structural equation model. The key findings of this study are as follows. First, the results of correlation analysis between management strategy factors, innovation activities, and business performance showed that the factors that were at a higher level of correlation were the technology differentiation strategies, marketing differentiation strategies, and the cost-driven strategy. Second, the strategic management factors that influenced innovation activities were in the following order: marketing differentiation, technology differentiation, and the cost-driven strategy, while the valid factors that affected business performance with significance were only the marketing differentiation strategy and the cost-driven strategy. Third, while the analysis showed that the technology differentiation strategy did not have a direct effect on business performance, it was shown that the relationship between the technology differentiation strategy and business performance was completely mediated by innovation activities.

본 연구는 일반적인 중기업과 소기업을 통하여 경영전략과 혁신활동을 통해 궁극적으로 경영성과에 미치는 영향에 관한 통합적인 인과관계를 실증적으로 분석하는데 그 목적을 두었다. 본 연구 대상은 서울 경기지역 소재의 중소기업에 재직중인 종사자를 대상으로 이루어졌으며, 최종적으로 총 328부가 분석에 사용 되었다. 연구가설을 위한 자료 분석을 위해 SPSS Statistics 22.0과 AMOS 22.0 통계프로그램을 사용하였으며, 가설검증을 위한 분석방법으로 구조방정식 모형을 사용하였다. 본 연구의 주요 결과는 첫째, 경영전략 요인과 혁신활동, 경영성과의 상관관계 분석 결과 혁신활동과 상관이 높은 요인으로는 기술차별화 전략, 마케팅차별화 전략, 원가주도 전략으로 나타났으며, 경영성과와 상관이 높은 요인으로는 마케팅차별화 전략, 기술차별화 전략, 원가주도 전략으로 나타났다. 둘째, 혁신활동에 영향을 미치는 경영전략 요인으로 마케팅 차별화 전략, 기술차별화 전략, 원가주도 전략의 순으로 나타났으며, 경영성과에 영향을 미치는 요인으로는 마케팅차별화 전략과 원가주도 전략만 유의한 영향을 미치는 것으로 나타났다. 셋째, 경영성과에 기술차별화 전략이 직접적으로 영향을 미치지 못하는 것으로 분석되었으나, 기술차별화 전략과 경영성과의 관계에서 혁신활동이 완전매개하는 효과가 있음을 밝혀내었다. 본 연구에서 이러한 결과들을 종합하면 기업의 혁신활동이 마케팅차별화와 기술차별화 전략으로 연계되어야만 경영성과에 기여할 수 있다는 것을 의미한다고 볼 수 있다. 최근 중소기업들은 경영환경의 악화로 스스로의 핵심역량으로는 기술혁신, 생산혁신, 경영전반의 혁신을 꾀하기 어렵다는 사실을 알 수 있었다. 그러나 중소기업의 경영전략은 혁신 활동을 통해 경영성과를 창출할 수 있다는 것이 확인되었다.

Keywords

References

  1. B. R. Miller, R. H. Friesen, "Oral atropine premedication in infants attenuates cardiovascular depression during halothane anesthesia", Anesthesia and Analgesia, Vol.67, No.2 pp. 180-185, 1988. DOI: https://doi.org/10.1213/00000539-198802000-00013
  2. S. S. Lee, B. K. Kim, "A study on the relationships between competitive strategies, business, innovation, and performance", Korean Journal of Business Administration, No.36 pp. 321-343, 2003.
  3. N. J. Lee, K. Y. Oh, C. S. Lee, "Effects of Resource Characteristics on the Performance of Small Business and relevance to Management Strategies", Journal of Korea Accounting Information Association, Vol.31, No.2 pp. 141-162, 2013.
  4. J. E. Kim, "The relations between KPI use on strategy practice and performance evaluation and firm's performance", Korean Corporation Management Review, Vol.30 pp. 197-219, 2009.
  5. T. H. Ban, S. K. Song, "The relationship between business strategy, management innovation, strategic managerial accounting system and business performance", Korean Accounting Journal, Vol.21, No.1 pp. 203-236, 2012.
  6. P. Drucker, Innovation and entrepreneurship. Routledge, 2014.
  7. S. K. Cho, The effect of management innovation techniques and attributes of performance management system on the business performance of small and medium size companies , Ph.D dissertation, Dong-A University of Pusan, Korea, 2009.
  8. A. D. Chandler, Strategy and structure: Chapters in the history of the American industrial enterprise . MA: MIT press, 1962.
  9. H. I. Ansoff, Corporate strategy: An analytic approach to business policy for growth and expansion. New York: McGraw-Hill, 1965.
  10. K. R. Andrews, The concepts of corporate strategy, 2nd edition. Homewood II: Irwin, 1980.
  11. M. E. Porter, Competitive strategy: Techniques for analyzing industries and competitors. New York: Free Press, 1980.
  12. D. C. Hambrick, "High profit strategies in mature capital goods industries: A contingency approach", Academy of Management Journal, Vol.26, No.4 pp. 687-707, 1983. DOI: https://doi.org/10.5465/255916
  13. V. Govindarajan, J. Fisher, "Strategy, control systems, and resource sharing: Effects on business-unit performance", Academy of Management Journal, Vol.33, No.2 pp. 259-285, 1990. DOI: https://doi.org/10.5465/256325
  14. M. Simon, B. Elango, S. M. Houghton, S. Savelli, "The successful product pioneer: maintaining commitment while adapting to change", Journal of Small Business Management, Vol.40, No.3 pp. 187-203, 2002. DOI: https://doi.org/10.1111/1540-627x.00050
  15. K. W. Park, Relationship between management strategy, use of performance measurement system, diversity of measurement, and management performance. Ph.D dissertation, Sogang University of Korea, pp. 13-17, 2007.
  16. C. D. Lee, "The Causal Relationship among Strategy, Organization Culture, Innovation", The Korean Academic Association of Business Administration, Vol.24, No.6 pp. 3441-3460, 2011.
  17. T. H. Ban, S. G. Song, "The Relationship between Business Strategy, Management Innovation, Strategic Managerial Accounting System and Business Performance", Korean Accounting Journal, Vol.21, No.1 pp. 203-236, 2012.
  18. Hyun. Kim, Effects of Business Innovation and Performance Management Efficiency on the Relationship of Differential Strategy and Business Performance. Master's Thesis, Dong-a University of Korea, 2012.
  19. J. L. Pierce, A. L. Delbecq, "Organization structure, individual attitudes and innovation", Academy of Management Review, Vol.2, No.1 pp. 27-37, 1977. DOI: https://doi.org/10.5465/amr.1977.4409154
  20. J. Birkinshaw, G. Hamel, M. J. Mol, "Management innovation", Academy of management Review, Vol.33, No.4 pp. 825-845, 2008. DOI: https://doi.org/10.2139/ssrn.1306981
  21. K. J. Park, "The influence of employee cooperation and CEO support on the management innovation performance", Journal of Social Sciences, Vol.15 pp. 127-147, 2010. https://doi.org/10.1080/09718923.2007.11892573
  22. Y. J. Ahn, "A review on innovation", Journal of Korea Service Management Society, Vol.12, No.1 pp. 257-277, 2011. https://doi.org/10.15706/jksms.2011.12.1.011
  23. R. C. Yam, W. Lo, E. P. Tang, A. K. Lau, "Analysis of sources of innovation, technological innovation capabilities, and performance: An empirical study of Hong Kong manufacturing industries", Research Policy, Vol.40, No.3 pp. 391-402, 2011. https://doi.org/10.1016/j.respol.2010.10.013
  24. K. H. Kim, G. I. Jee, C. G. Park, J. G. Lee, "The stability analysis of the adaptive fading extended Kalman filter using the innovation covariance", International Journal of Control, Automation and Systems, Vol.7, No.1 pp. 49-56, 2009. DOI: https://doi.org/10.1007/s12555-009-0107-x
  25. T. Koc, C. Ceylan, "Factors impacting the innovative capacity in large-scale companies", Technovation, Vol.27, No.3 pp. 105-114, 2007. DOI: https://doi.org/10.1016/j.technovation.2005.10.002
  26. E. Mansfield, "Size of firm, market structure, and innovation", Journal of Political Economy, Vol.71, No.6 pp. 556-576, 1963. DOI: https://doi.org/10.1086/258815
  27. S. H. Kwak, "The Moderating Effect of Innovation Activity on Business Performance in Service Industry", Journal of the Korea Service Management Society, Vol.12, No.4 pp. 227-245, 2011. DOI: https://doi.org/10.15706/jksms.2011.12.4.011
  28. M. H. Park, S. J. Lim, "Effect of Innovation Activities on Business Performances : Focused on KM and TQM", Korea International Accounting Association, Vol.0, No.49 pp. 363-386, 2013. DOI: https://doi.org/10.21073/kiar.2013..49.016
  29. Y. T. Cha, "The Influence of Innovation Activities of Mainbiz Enterprise on Competitive Advantage and Management Per formance", Journal of the Korea management engineers society, Vol.20, No.3 pp. 87-103, 2015.
  30. T. Li, R. J. Calantone, "The impact of market knowledge competence on new product advantage: conceptualization and empirical examination", Journal of Marketing, Vol.62, No.4 pp. 13-29, 1998. DOI: https://doi.org/10.2307/1252284
  31. M. A. Huselid, "The impact of human resource management practices on turnover, productivity, and corporate financial performance", Academy of Management Journal, Vol.38, No.3 pp. 635-672, 1995. DOI: https://doi.org/10.2307/256741
  32. Y. H. Kim, The relationships between creative management, innovative behaviors and performance. Doctoral Thesis, Dongyang University of Korea, pp. 22-26, 2009.
  33. R. Kaplan, D. Norton, "Using the Balanced Scorecard as a Strategic Management System", Harvard Business Review, Vol.29, No.1 pp. 75-85, 1996.
  34. B. P. Stivers, T. J. Covin, N. G. Hall, S. W. Smalt, "How nonfinancial performance measures are used", Strategic Finance, Vol.79, No.8 pp. 44-49, 1998.
  35. S. J. Kong, The effects of business strategy on business performance: IT applicability with parameter and regulation effect. Doctoral Thesis, Hoseo University of Korea, pp. 46-49, 2013.
  36. V. Govindarajan, A. K. Gupta, Linking control systems to business unit strategy: Impact on performance. Boston, MA: Springer, pp. 646-668, 1985. DOI: https://doi.org/10.1007/978-1-4899-7138-8_29
  37. B. W. Seo, "A study of the effects that management policies and accounting and information systems of small and medium businesses have on business performances", The Journal of Eurasian Studies, Vol.7, No.4 pp. 101-125, 2010. DOI: https://doi.org/10.31203/aepa.2010.7.4.006
  38. J. J. Jeong, "A study on the effect of fitness among differentiation strategies, management innovations and management accounting informations on organization performances", Journal of Industrial Economics and Business, Vol.20, No.4 pp. 1579-1606, 2004.
  39. M. O. Seon, W. C. Lee, "Small business-specific management strategies and its impact on business performance", Korea International Accounting Review, Vol.50 pp. 305-322, 2013. DOI: https://doi.org/10.21073/kiar.2013..50.015
  40. H. Makkonen, M. Pohjola, R. Olkkonen, A. Koponen, "Dynamic capabilities and firm performance in a financial crisis", Journal of Business Research, Vol.67, No.1 pp. 2707-2719, 2014. DOI: https://doi.org/10.1016/j.jbusres.2013.03.020
  41. J. J. Jung, "A Study on the Effect of Fitness Among Differentiation Strategies, Management Innovations and Management Accounting Informations on Organization Performances", Journal of Industrial Economics and Business, Vol.20, No.4 pp. 1579-1606, 2007.
  42. S. H. Song, "Organizational Contingency Factors and Technological Innovation in Korean Telecommunications Industry : A Contingency Approach", Korean Journal of Management, Vol.14, No.2 pp. 177-213, 2006.
  43. J. S. Lee, J. H. Park, "The Influence of SMEs' Innovation Activities according to Types of Strategy on their Perception to the Opening of Economies: The Moderating Effects of External Search and Market Entry Strategy", The Korean Society For Technology Management & Economics, Vol.21, No.1 pp. 199-228, 2013.
  44. K. S. Jang, Y. B. Kim, I. S. Koo, "A Study on the Relationship between Innovation Activity and Business Results -Focused on the Small and Medium Manufacturing Enterprises-", Korean Society For Quality Management, Vol.38, No.4 pp. 512-520, 2010.
  45. K. D. Kim, W. S. Hong, "Effect of Firm's Activities on Their Performances", Journal of Korea Technology Innovation Society, Vol.14, No.2 pp. 373-404, 2011.
  46. I. S. Koo, "The effects of innovation activity to business performance in small and medium enterprises", Asia-Pacific Journal of Business and Venturing, Vol.7, No.4 pp. 1-8, 2012. DOI: https://doi.org/10.16972/apjbve.7.4.201212.1
  47. S. S. Lee, B. K. Kim, "A Study on the Relationships Between Competitive Strategies, Business, Innovation, and Performance", The Korean Academic Association of Business Administration, Vol.16, No.2 pp. 321-343, 2003.
  48. Y. H. Cho, "Effects of Innovation Types and Competitive Strategy of Logistics Firms on Business Performance", The Journal of Korea Research Society for Customs, Vol.16, No.1 pp. 249-269, 2015.
  49. S. H. Song, Environment, strategy, organizational characteristics and techological innovation: Configuration approach. Doctoral Thesis, Korea University of Korea, pp. 56-59, 1991.
  50. S. A. Zahra, G. George, "Absorptive capacity: A review, reconceptualization, and extension", Academy of Management Review, Vol.27, No.2 pp. 185-203, 2002. DOI: https://doi.org/10.5465/amr.2002.6587995
  51. T. Y. Shin, J. K. Song, W. S. Lee, C. W. Song, H. H. Kim, S. J. Son, "The determinants of technological innovation in manufacturing industries and policy implications", STI Policy Review, pp. 1-271, 2006.
  52. L. B. Mohr, "Conceptual Issues in the Study of Innovation", Administrative Science Quarterly, Vol.21, No.4 pp. 700-714, 1976. DOI: https://doi.org/10.2307/2391725
  53. E. M. Rogers, Diffusion of innovations(4th ed). New York: The Free Press, 1995.
  54. W. R. King, T. S. Teo, "Assessing the impact of proactive versus reactive modes of strategic information systems planning", Omega, Vol.28, No.6 pp. 667-679, 2000. DOI: https://doi.org/10.1016/s0305-0483(99)00079-1
  55. P. T. Ward, R. Duray, "Manufacturing strategy in context: environment, competitive strategy and manufacturing strategy", Journal of Operations Management, Vol.18, No.2 pp. 123-138, 2000. DOI: https://doi.org/10.1016/s0272-6963(99)00021-2
  56. K. W. Lee, The effect of creativity management on innovation and business performance. Doctoral Thesis, Seokyeong University of Korea, pp. 36-41, 2015.
  57. C. Fornell, D. F. Larcker, "Structural equation models with unobservable variables and measurement error: Algebra and statistics", Journal of marketing research, Vol.18, No.3 pp. 382-388, 1981. DOI: https://doi.org/10.2307/3150980
  58. R. M. Baron, D. A. Kenny, "The moderator-mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations", Journal of Personality and Social Psychology, Vol.51, No.6 pp. 1173-1186, 1986. DOI: https://doi.org/10.1037//0022-3514.51.6.1173
  59. C. S. Ahn, Y, D, Lee, "An empirical analysis of the influence factors on open innovation activities in Korea", Journal of Korea Technology Innovation Society, Vol.14, No.3 pp. 431-465, 2011.
  60. Y. S. Cho, "The relationship between precedent factors, commitment and performance for successful inter-firm cooperation : Focused on small and medium raw material importing enterprises in Korea", Korean Journal of Business Administration, Vol.24, No.2 pp. 1183-1203, 2011.