Analysis of Influential Factors for Diagnosis of Innovation Capability for Start-ups in Korea

창업기업의 혁신역량 영향요인 진단 연구

  • Cho, Dae-sik (Graduate School of Technology and Innovation Management, Hanyang University) ;
  • Choi, Gyung-hyun (Graduate School of Technology and Innovation Management, Hanyang University)
  • 조대식 (한양대학교 기술경영학과) ;
  • 최경현 (한양대학교 기술경영학과)
  • Received : 2020.07.07
  • Accepted : 2020.10.08
  • Published : 2020.10.31

Abstract

This study empirically analyzed the relationship with major influencing factors in enhancing innovation capability of start-ups and their influence on innovation performance. If the existing innovation competency studies were analyzed from a general corporate perspective, In this study, it was analyzed from the perspective of start-up companies with less than 7 years of founding. As a result of a survey on startups, learning competency among the sub-variables of innovation competency, R&D competency and marketing competency are significant positive (+) consistent with both organizational competence related to organizational culture and organizational goals, technology commercialization competency, and close product competency. Has been shown to affect. The technical competence part does not have a significant effect on the product competency. However, it could not be interpreted that the importance of these competencies was low. This is because although technical competence did not directly affect product competency, it was analyzed as a meaningful result in relation to R&D competency. In addition, the characteristics of the company were classified into technology orientation and market orientation, and the relationship between each sub-variable was analyzed. The technical competence of a technology-oriented company did not have a significant effect on the product competency, but it was found that it had an effective effect on the R&D capacity. It is also consistent with the research findings that the initial survival rate is low as the characteristics of start-ups are often based on technology and ideas. Based on these results, There is a difference in major innovation capabilities according to the growth stage of a company. From a practical point of view, I would like to present approaches and implications for strengthening the competence of start-ups.

본 연구에서는 창업기업의 혁신역량 제고에 있어 주요 영향요인들과의 관계 및 기업의 혁신성과에 대한 영향력을 실증적으로 분석하였다. 기존 혁신역량연구들은 일반적인 기업 관점에서 분석하였다면, 본 연구에서는 창업 7년 이하의 창업기업들의 관점에서 분석하였다. 창업기업들에 대한 설문조사 결과, 혁신역량의 하위변수 중 학습역량, 연구개발역량, 마케팅역량은 조직문화, 조직목표와 관련된 조직역량과 기술사업화 역량과 밀접한 제품역량에 모두 일관된 유의한 정(+)의 영향을 미치는 것으로 나타났다. 기술역량 부분은 제품역량에 유의한 영향을 미치지 못하는 것으로 나타났으나, 이러한 역량의 중요성이 낮다고 해석할 수는 없었다. 기술역량이 제품역량에 직접적으로 유의미한 영향을 주지 않고 있지만, R&D역량과의 관계에서는 유의미한 결과로 분석되었기 때문이다. 또, 기업의 특성을 기술지향성과 시장지향성으로 구분하여 각 하위변수들 간의 관계를 분석하여 보았다. 기술지향적인 기업의 기술역량은 제품역량에는 유의미한 영향을 미치지 못하였으나, 연구개발 역량에는 유효한 영향을 미치는 것을 알 수 있었다. 창업기업들의 창업 특성이 기술, 아이디어를 근거로 일어나는 경우가 많아 초기생존율이 낮게 나오는 연구결과와도 부합된다. 이러한 결과를 토대로 기업의 성장단계별로 주요 혁신역량에 차이가 있으며, 실무적인 관점에서 창업기업역량 강화를 위한 접근방법 및 시사점을 제시하고자 한다.

Keywords

References

  1. Adams, R., Bessant, J., & Phelps, R.(2006). Innovation management measurement: A review. International Journal of Management Reviews, 8(1), 21-47. https://doi.org/10.1111/j.1468-2370.2006.00119.x
  2. Ahn, K. H., & Kim, B. K.(2017). Innovation capabilities and performance in korean SMEs. Korean Industrial Economic Research, 33(1), 153-176.
  3. Ailawadi, K. L., & Keller, K. L.(2004). Understanding retail branding: conceptual insights and research priorities. Journal of Retailing, 80(4), 331-342. https://doi.org/10.1016/j.jretai.2004.10.008
  4. Argyris, D., & Schon, C.(1978). Organizationl learning 2. Theory, method and practice. International journal of Public Sector Management, 12(2), 48-59.
  5. Bae, H. B., Song, M. K., & Kim, S. K.(2018). A study on the impact of competency of technology: Based startups on performance using ETRI technology. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 13(1), 61-72. https://doi.org/10.16972/apjbve.13.1.201802.61
  6. Barney, J.(1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99-120. https://doi.org/10.1177/014920639101700108
  7. Bullinger, H. J.(1994). Einfuhrung in das Technologie management, B. G. Teubner, Stuttgart.
  8. Bullinger, H. J., Bannert, M., & Brunswicker, S.(2007). Managing innovation capability in SMEs: The Fraunhofer three-stage approach. Tech Monitor, 17-27.
  9. Chakrabarti, A. K., & Souder, W. E.(1987). Technology, innovation and performance in corporate mergers: A managerial evaluation. Technovation, 6(2), 103-114. https://doi.org/10.1016/0166-4972(87)90014-9
  10. Chiesa, V., Coughlan, P., & Voss, C. A.(1996). Development of a technical innovation audit. Journal of product innovation management, 13(2), 105-136. https://doi.org/10.1111/1540-5885.1320105
  11. Cho, H. J., & Cho, K. S.(2013). Analysis of Determinants of Technological Innovation: Focused on Organization's Innovation Capability. The Korea Institute of Pubic Administration, 22(4), 167-170.
  12. Chung, Y. W., Jung, H. J., & Kim, B. G.(2012). The Relationship between Innovation Capability and Export Performance of Exporting Firms. Korea trade review, 37(5), 369-390.
  13. Cooper, R. G., Edgett, S. J., & Kleinschmidt, E. J.(2004b). Benchmarking Best NPD Practices II. Research Technology Management, 47(3), 50-59. https://doi.org/10.1080/08956308.2004.11671630
  14. Calantone, R. J., Cavusgila, T. S., & Zhaob, Y.(2002). Learning orientation, firm innovation capability, and firm performance. Industrial Marketing Management, 31, 515-525. https://doi.org/10.1016/S0019-8501(01)00203-6
  15. Day, G, S.(1994). The Capabilities of Market-Driven Organizations. Journal of Marketing, 59(4), 37-52. https://doi.org/10.1177/002224299405800404
  16. Dutta, S., Narasimhan, O., & Rajiv, S.(1999). Success in High-Technology Markets: Is Marketing Capability Critical. Marketing Science, 18(4), 547-568. https://doi.org/10.1287/mksc.18.4.547
  17. Evangelista, R., Perani, G., Rapiti, F., & Archibugi, D.(1997). Nature & impact of innovation in manufacturing industry: some evidence from the Italian innovation survey. Research policy, 26(4), 521-536. https://doi.org/10.1016/S0048-7333(97)00028-0
  18. Guan, J. C., Yam, R. C., Mok, C. K., & Ma, N.(2006). A study of the relationship between competitiveness & technological innovation capability based on DEA models. European Journal of Operational Research, 170(3), 971-986. https://doi.org/10.1016/j.ejor.2004.07.054
  19. Grant, R. M.(1996). Toward a knowledge‐based theory of the firm. Strategic management journal, winter, 6, 137.
  20. Gu, J. H., & Choi, J. I.(2012). A study on the selection of technology development supporting business by AHP method in a BSC viewpoint: Focused on Daejeon TP. Korea Academy Industrial Cooperation Society, 13(8), 3371-3380. https://doi.org/10.5762/KAIS.2012.13.8.3371
  21. Hill. S. B., & Sarin, S.(2003). From Market Driven to Market Driving: An Alternate Paradigm for Marketing in High Technology Industries. Journal of Marketing Theory amd Practice, 12(2), 13-24.
  22. Hong, S. H.(2000). The Criteria for Selecting Appropriate FitIndices in Structural Equation Modeling and Their Rationales. Korean Journal of Clinical Psychology, 19(1), 161-177.
  23. Hong, S. W., & Cho, K. T.(2009). Organizational Capability and Performance: A Comparative Study of Korean and the United States Manufacturing R&D Organizations. Journal of Korea Technology Innovation Society, 12(4), 740-767.
  24. Hong, Y. S., & Lee, S. K.(2009). The Effects of Market Orientation and Innovative Technology Orientation on New Product Performance. The Korean Research Association for the Business Education, 23(2), 367-386.
  25. Im, J. B., Cho, H. R., & Chung, S. Y.(2012). The study on the policy for the formation of the innovation cluster: Focus on Pangyo Technovalley in Gyeonggi-Province. Journal of Korea Technology Innovation Society, 15(3), 675-699.
  26. Inkpen, A. C., & Dinur, A.(1998). Knowledge Management Processes and International Joint Ventures. Organization Science, 9(4), 231-245. https://doi.org/10.1287/orsc.9.2.231
  27. Jassawalla, A, R., & Sashittal, H, C.(2002). Cultures that support product-innovation processes. Academy of Management Perspectives, 16(3), Articles.
  28. Jantunen, A.(2005). Knowledge‐processing capabilities and innovative performance: an empirical study. European Journal of Innovation Management, 8(3), 1123-1136. https://doi.org/10.1108/14601060510610199
  29. Ji, S. G., & Lee, G. D.(2005). The Relationship of Individual Disposition, Innovation Resistance and Innovation Performance. Korean Jouranl of Business Administration, 18(5), 2107-2132.
  30. Kang, S. H., Choi, S. M., & Park, H. S.(2011). The effect of market orientation on business performance: Focus on mediating role of new product development performance. Yonsei Business Review, 48(1), 1-32.
  31. Keizer, J. A., Dijkstra, L., & Halman, J. I.(2002). Explaining innovative efforts of SMEs.: An exploratory survey among SMEs in the mechanical and electrical engineering sector in The Netherlands. Technovation, 22(1), 1-13. https://doi.org/10.1016/S0166-4972(00)00091-2
  32. Kim, G.(2011). A Study on Relationship between Knowledge Absorptive Capacity and Innovative Capacity in Local Government. Korea Journal of Public Administration, 20(1), 185-224. https://doi.org/10.22897/KIPAJN.2011.20.1.007
  33. Kim, I. S., & Kim, W. B.(2013). The effects of R&D investment and technological innovation ability of Inno-Biz companies on corporate performances. The Korean Research Association for the Business Education, 27(2), 137-160.
  34. Kim, K. W.(2014). A study on the relationship of learning, innovation capability and innovation outcome. Journal of Korea Technology Innovation Society, 17(2), 380-420.
  35. Kim, S. K.(2008). A study ont echnology innovation performance through R&D capability and technology commercialization capability of IT SMEs. Korea Technology Innovation Society, The Graduate School of Yonsei University.
  36. Kotabeet, M., & Srinvasan, S.(2002). Multinationality and Firm Perfonnance: The Moderating Role of R&D and Marketing Capabilities. Journal of lntemationl Business Studies, 4(1), 79-97.
  37. Lee, J. M., Noh, M. S., & Chung. S, Y.(2013). A Study on the Effects of SME's Technology Planning Competency on the Success of Commercialization. Korea Society for Innovation Management & Economics, 21(1), 253-278.
  38. Lee, J. W., & Kim, J. W.(2012). The relationships among Organizational Justice, Task Characteristics, Innovative Behavior, and Innovative Performance. Business Management Review, 45(1), 117-140.
  39. Lee, K. J., & Choi, J. I.(2012). A literature review of performance determinants of business incubater based on foreign english literatures. Korea Society for Innovation Management & Economics, 19(3), 115-140.
  40. Lichtenthaler, E.(2003). Third generation management of technology intelligence processes. R&D Management, 33(4), 361-375. https://doi.org/10.1111/1467-9310.00304
  41. Malecki, E. J.(1997). Entrepreneurs, networks, and economic development: A review of recent research. Firm Emergence and Growth, 20, 71-116.
  42. Metcalfe, J. S.(1995). Technology systems and technology policy in an evolutionary framework. Cambridge Journal of Economics, 19(1), 25-46.
  43. Moon, H. S.(2013). Diagnosis of innovation capabilities and research on the direction of development of the pharmaceutical industry. Korea Institute for Industrial Economics & Trade, 26(11), 3,029-3,049.
  44. OBrien, A.(2003). Strategic Management of Technology and Innovation. 3, McGraw-Hill/Irwin, New York.
  45. Ortega-Argiles, R., Piva, M., Potters, L., & Vivarelli, M.(2009). Is Corporate R&D Investment in High-Tech Sectors More Effective? Some Guidelines for European Research Policy. Small business economics, 3945, 25-26.
  46. Park, J. Y., Choi, S. S., & Hong, S. Ki.(2011). The effects of market orientation, marketing capability on competitive advantage and performance in SME. Korean Jouranl of Business Administration, 24(2), 1115-1137.
  47. Park, S. Y., & Park, H. W.(2006). The relationship between technology innovation and firm performance of korean companies based patent analysis. Journal of Korea Technology Innovation Society, 9(1), 1-25.
  48. Prahalad, C. K., & Hamel, G.(1990). The Core Competence of the Corporation. Harvard Business Review, 68(3), 79.
  49. Porter, M.(1996). What is strategy. Harvard business review, 74(6), 61.
  50. Porter, M. E., & Stern, S.(1999). new challenge to America's prosperity. Council on Competitiveness (U.S.).
  51. Rho, H. J.(2015). An empirical study on the innovation strategy of user experience by utilizing digital technology. Journal of the Korea Society of Computer and Information, 20(3), 169-176. https://doi.org/10.9708/jksci.2015.20.3.169
  52. Rigby, D., & Zook, C.(2002). Open-market innovation. Industrial Marketing Management, 88(2), 99-108.
  53. Romijn, H., & Albaladejo, M.(2002). Determinants of innovation capability in small electronics and software firms in southeast England. Research Policy, 31, 1053-1067. https://doi.org/10.1016/S0048-7333(01)00176-7
  54. Schyns, B., & Schilling, J.(2013). How bad are the effects of bad leaders? A meta-analysis of destructive leadership and its outcomes. The Leadership Quarterly, 24(1), 138-158. https://doi.org/10.1016/j.leaqua.2012.09.001
  55. Song, C. S., & Noh, Y. H.(2011). Characteristics of korean venture firms and their survival analsis: A micro-level approach. Journal of Entrepreneurship and Venture Studies, 14(3), 1-24.
  56. Song, H. Y.(2009). Comparative analysis and implications of R&D capabilities of local companies. Korea Evaluation Institute Of Industrial Technology, 10(27), 50-60.
  57. Song, S. H.(1995). An empirical study of the effects of environment, internal capability and business strategy on technical innovation characteristics: Contingency approach. Korea Academy of Organization and Management, 19(2), 179-210.
  58. Simonen, J., & McCann, P.(2008). Firm innovation: The influence of R&D cooperation and the geography of human capital inputs. Journal of Urban Economics, 64(1), 146-154. https://doi.org/10.1016/j.jue.2007.10.002
  59. Teece, D, J.(1986). Transactions cost economics and the multinational enterprise. Journal of Economic Behavior & Organization, 7(1), 21-45. https://doi.org/10.1016/0167-2681(86)90020-X
  60. Tsai, M, T., & Shih, C, M(2004). The Impact of Marketing Knowledge among Managers on Marketing Capabilities and Business Performance. International Journal of Management, 21(4), Articles.
  61. Vorhies, D. W., & Harker, M.(2000). The Capabilities and Perfor Mance Advantages of Market‐Driven Firms: An Empirical Investigation. Australian Journal of Management, 25(2), 145-171. https://doi.org/10.1177/031289620002500203
  62. Yam, R. C., Guan, J. C., Pun, K. F., & Tang, E. P.(2004). An audit of technological innovation capabilities in Chinese firms: some empirical findings in Beijing, China. Research policy, 33(8), 1123-1140. https://doi.org/10.1016/j.respol.2004.05.004
  63. Yang, Y. I.(2007). The effects of market orientation on product innovation, marketing capability and performance in the Korean Manufacturing Firms. Korean Association Of Industrial Business Administrarion, 22(2), 223-254.
  64. Yoon, H. D.(2012). The effects of collaborative R&D network and entrepreneurship on technological innovation activity and performance of venture business in industrial clusters. Journal of Entrepreneurship and venture studies, 15(3), 43-68.
  65. Yoon, H. D., & Seo, R, B.(2011). A Study of the Core Factors Affecting the Performance of Technology Management of Inno-Biz SMEs. Journal of Technology Innovation, 15(3), 43-68.
  66. Zahra, S. A., & George, G.(2002). The Net-Enabled Business Innovation Cycle and the Evolution of Dynamic Capabilities. Information Systems Research, 13(2), 136-142.
  67. 박선영.박현우.조만형(2006). 특허분석을 통한 기술혁신과 기업성과의 관계분석. 한국기술혁신학회지, 9(1), 25-31.
  68. 최종인(2012). BSC관점에서 AHP기법을 이용한 기술개발지원사업선정에 관한 연구: 대전테크노파크를 중심으로. 한국산학기술학회지, 13(8), 3,371-3,380.