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This study discussed the status of an innovative entity and its support from the perspective of the 4th Industrial Revolution. The World Intellectual Property Organization (WIPO) (2018) ranked 12th in the global innovation index (GII) in 2018. According to the World Economic Forum (WEF)’s evaluation of national competitiveness, Korea's overall ranking is 15th among 140 countries. The innovative capacity category is eighth, with expenditure in the R&D sector (2nd), maturity of buyers (2nd), number of patent applications (3rd), competence of research institutions (11th), publishing
scientific papers (18th), and status of cluster development (30th). The following are the directions to support an innovative entity: First, it is the recognition of the value of trust. The main factor that impedes innovation is social distance between each actor, not the commerciality of the project, the quality of the technology, and the consumer’s response, so the other party needs to establish a mechanism to trust and have faith. Second, a low-cost, high-efficiency, and sustainable system is needed to create an innovation system. Third, efforts to organise hardware and software are needed. Hardware consists of 4P elements such as people, professionals, physical infrastructure, and policy. Software has five characteristics: diversity, additional motivation, trust in society as a whole, norms on innovative ecosystems, and interpretations of norms. Fourth, the spatial distribution of R&D resources by private companies is concentrated in the metropolitan area because Korea’s industrial-intensive spatial structure is centered around the metropolitan area and Yeongnam region. A cluster needs to create conditions for self-evolving by forming an organic and autonomous mechanism in which members balance and compete and cooperate with each other. Fifth, a government-led, administrative-oriented system cannot create a future-oriented culture of innovation, so the innovation body should be improved to a horizontal cooperative system so that research can be undertaken based on creativity and autonomy. |
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| As the need for innovative patent strategies to strengthen the fundamental technological competitiveness of SMEs / venture companies increases in the transition period of the technology paradigm of the 4th industrial revolution, In this paper, we propose an innovative patent strategy framework that can be applied to small and medium-sized venture companies based on the organizational culture and the ambidexterity theory. Based on the proposed framework, we operate the Gate Review system, While improving the quality according to the performance of the strategy, time could be drastically reduced. In addition, it is necessary to grasp causal relationship with management performance through empirical analysis based on the proposed framework. |
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This study analyzed the additionality effect of government R&D subsidy on manufacturing
venture firms and the moderating effect of the dependence on large firms on
the relationship between R&D subsidy and inputs and behavioural additionality. The
analysis using the survey data of venture firms from 2011 to 2016 confirmed that
venture firms received government R&D subsidies significantly increased the ratio
of R&D expenses to sales on average compared to those that did not receive R&D
subsidy. In addition, venture firms that received government R&D subsidies significantly
increased the ratio of R&D staffs with advanced degrees and the scope of partnerships
with external organizations compared to those that did not receive government R&D
subsidies. In other words, R&D subsidies have significant input and behavioural additionality
effects so that R&D investment, R&D staffs with advanced degrees, and the
range of partnerships with external organizations of venture firms increases more
than those when they do not receive R&D subsidies. On the other hand, this study
confirmed that the sales dependence ratio of venture firms on large firms negatively
moderated the relationship between R&D subsidy and input and behavioural additionality.
The results suggest that the government R&D subsidy for venture firms with an excessive
level of dependence on large firms may become invalid because the positive effects
of R&D subsidy on the venture performance are reduced as the level of dependence
on large enterprises become higher. |
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A lot of previous studies have been conducted on the survival of manufacturing venture firms that are affected by innovation activities. In this study, I analyzed the effect of marketing innovation on manufacturing venture firms in South Korea. This study use Data Envelopment Analysis (Variable return to scale and input oriented model) to estimate the innovation efficiency of 184 manufacturing venture firms. In addition, the Mann-Whitney U Test was used to analyze whether there is a difference in the innovation efficiency distribution according to four marketing innovation (design
innovation, promotion innovation, sales innovation, and pricing innovation). The results of this study show that there is statistically significant difference in the manufacturing firms that have performed design innovation and sales innovation. |
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