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The role of R&D (research and development) intensity on the effect of knowledge services on the business performance of firms has been discussed by using PLS-SEM and PLS-MGA methods. Research groups were divided into two groups, innovative and non-innovative. Respondents were classified into innovative firms if their R&D intensity was over 3% and vice versa. PLS-SEM and PLS-MGA results were compared for two groups and valuable insights were extracted. For innovative firms, knowledge services seemed to be verified and processed by the decision makers and utilized to achieve their business performance. On the other hand, a large number of non-innovative firms seemed to have a stronger tendency to utilize knowledge services directly for their business without sufficient verification by the decision makers.
Hun Park; Jun-Hwan Park; Sujin Lee; Hyuk Hahn. A Study on the Impact of R&D Intensity on Business Performance: Evidence from South Korea. Journal of Open Innovation: Technology, Market, and Complexity 2021, 7, 135 .
AMA StyleHun Park, Jun-Hwan Park, Sujin Lee, Hyuk Hahn. A Study on the Impact of R&D Intensity on Business Performance: Evidence from South Korea. Journal of Open Innovation: Technology, Market, and Complexity. 2021; 7 (2):135.
Chicago/Turabian StyleHun Park; Jun-Hwan Park; Sujin Lee; Hyuk Hahn. 2021. "A Study on the Impact of R&D Intensity on Business Performance: Evidence from South Korea." Journal of Open Innovation: Technology, Market, and Complexity 7, no. 2: 135.
Knowledge intensive service (KIS) is a key resource for new product development (NPD) of a firm. As a KIS provider, public research organization plays a critical role in supporting the success of firms’ NPD process, thereby promoting national/regional/local economic growth. In this study, we examine the contribution of KISs at stages in an NPD process to firms’ performance considering the correlations between input variables. For the explicit quantification of the contributions at the NPD stages, we propose a novel methodology using a variable importance assessment method. In doing so, the proposed method alleviates the correlation effects and facilitates a direct interpretation of the importance of input variables. The proposed methodology is evaluated in the case of a public research organization in South Korea, using a survey dataset collected from Korean small and medium-sized firms. The empirical results show that, with the inter-stage correlations, KISs differently contribute to firms at the NPD stages depending on performance measures: KISs mostly at the both-end NPD stages assist firms’ managerial decision-making, and KISs at all the stages except for product implementation help firms save time and cost.
Jeongsub Choi; Byunghoon Kim; Chang Hee Han; Hyuk Hahn; Hun Park; Jaeyoung Yoo; Myong Kee Jeong. Methodology for assessing the contribution of knowledge services during the new product development process to business performance. Expert Systems with Applications 2020, 167, 113860 .
AMA StyleJeongsub Choi, Byunghoon Kim, Chang Hee Han, Hyuk Hahn, Hun Park, Jaeyoung Yoo, Myong Kee Jeong. Methodology for assessing the contribution of knowledge services during the new product development process to business performance. Expert Systems with Applications. 2020; 167 ():113860.
Chicago/Turabian StyleJeongsub Choi; Byunghoon Kim; Chang Hee Han; Hyuk Hahn; Hun Park; Jaeyoung Yoo; Myong Kee Jeong. 2020. "Methodology for assessing the contribution of knowledge services during the new product development process to business performance." Expert Systems with Applications 167, no. : 113860.
Research objective of our study is to find the effect of technology and market dynamism on the business performances by small- and medium-sized enterprises (SME) supporting services. Technology and market dynamism have been introduced as moderating variables, utilisation degree of information provided by SME supporting services was selected as an independent variable and contribution degree to SME business performances such as revenue, export, employment and so on were selected as dependent variables. Structural equation modeling was established to analyse moderating and mediating effects on SME business performances by SME supporting services using Smart PLS programme. The SME supporting services had a direct effect on SME business performances and also indirectly influenced SME business performances via contribution degree to decision-making of SME executives. Technology and market dynamism significantly moderated the effect of decision-making of SME executives on SME business performances. It could be seen that technology and market dynamism had a mediated-moderating effect on SME business performances.
Hun Park; Jae-Young Yoo; Seong-Hee Moon; Hyoung-Sun Yoo; Ho-Shin Lee; Tae-Hoon Kwon; Hyuk Hahn. Effect of Technology and Market Dynamism on the Business Performances of SMEs by Supporting Services. Science, Technology and Society 2018, 24, 144 -160.
AMA StyleHun Park, Jae-Young Yoo, Seong-Hee Moon, Hyoung-Sun Yoo, Ho-Shin Lee, Tae-Hoon Kwon, Hyuk Hahn. Effect of Technology and Market Dynamism on the Business Performances of SMEs by Supporting Services. Science, Technology and Society. 2018; 24 (1):144-160.
Chicago/Turabian StyleHun Park; Jae-Young Yoo; Seong-Hee Moon; Hyoung-Sun Yoo; Ho-Shin Lee; Tae-Hoon Kwon; Hyuk Hahn. 2018. "Effect of Technology and Market Dynamism on the Business Performances of SMEs by Supporting Services." Science, Technology and Society 24, no. 1: 144-160.
This study was conducted with a team of senior managers at a Korean shipyard in an effort to elicit particular motivators for implementing management by walking around (MBWA). To identify the key motivators and communication issues associated with them, a theoretical framework was produced based on the key tensions of social psychology of communication and upward communication as well as modern organizational theories. For this qualitative research analysis, 12 semi-structured interviews were conducted face-to-face with the executives; the data were then supplemented by five field observations during MBWAs at the shipyard. Coding frame was used to organize modal salient themes for thematic analysis. The organizational and individual motivators identified were then analyzed in-depth to elicit communicational factors underlying these motivators. While identifying 10 salient motivators as organizing themes, the research concludes that MBWA is a contingent management strategy intended to promote upward communication within organizations.
Aimee Kwon; Hun Park; Hyuk Hahn; Ilhyung Lee; Taehoon Kwon; Yeo Eun Kwon. Motivators of MBWA and Communicational Factors behind Them: A Case Study on a Korean Shipyard. Journal of Open Innovation: Technology, Market, and Complexity 2018, 4, 29 .
AMA StyleAimee Kwon, Hun Park, Hyuk Hahn, Ilhyung Lee, Taehoon Kwon, Yeo Eun Kwon. Motivators of MBWA and Communicational Factors behind Them: A Case Study on a Korean Shipyard. Journal of Open Innovation: Technology, Market, and Complexity. 2018; 4 (3):29.
Chicago/Turabian StyleAimee Kwon; Hun Park; Hyuk Hahn; Ilhyung Lee; Taehoon Kwon; Yeo Eun Kwon. 2018. "Motivators of MBWA and Communicational Factors behind Them: A Case Study on a Korean Shipyard." Journal of Open Innovation: Technology, Market, and Complexity 4, no. 3: 29.
The research objective of our study is to find the route how the information provided in small- and medium-sized enterprise (SME) supporting services in South Korea affects business performances. Investigation into business performances from SME supporting services was conducted by a survey method. The survey data was statistically analysed by using SPSS program. A research model was designed by using a mediation model. In our research model, information utilisation of SME supporting services was selected as an independent variable; contribution degree to decision-making, growth of information competitiveness and customer satisfaction were introduced as mediating variables; and SME business performances, such as contribution degree to growth of current revenue, future revenue, future export and current employment, were used as dependent variables. Correlation and regression were analysed to investigate the relationship between two variables such as independent variables versus mediating variables, independent variables versus dependent variables and mediating variables versus dependent variables. The route from information provision in SME supporting services to business performances was clarified by using Baron and Kenny’s mediation model.
Hun Park; Tae-Hoon Kwon; Tae-Jong Jang; Jae-Young Yoo; Ho-Shin Lee; Seong-Hee Moon; Hyuk Hahn. Role of Information in SMEs Supporting Services on Business Performance in South Korea. Science, Technology and Society 2017, 22, 440 -454.
AMA StyleHun Park, Tae-Hoon Kwon, Tae-Jong Jang, Jae-Young Yoo, Ho-Shin Lee, Seong-Hee Moon, Hyuk Hahn. Role of Information in SMEs Supporting Services on Business Performance in South Korea. Science, Technology and Society. 2017; 22 (3):440-454.
Chicago/Turabian StyleHun Park; Tae-Hoon Kwon; Tae-Jong Jang; Jae-Young Yoo; Ho-Shin Lee; Seong-Hee Moon; Hyuk Hahn. 2017. "Role of Information in SMEs Supporting Services on Business Performance in South Korea." Science, Technology and Society 22, no. 3: 440-454.