This page has only limited features, please log in for full access.
http://www.konkuk.ac.kr
Although user innovation has been regarded as an important source of firms’ competitive advantage, the internal processes and mechanisms involved in the relationship between firms’ user innovation activities and market performance are seldom studied. By applying moderated mediation analyses, we examine (1) whether firms’ user innovation activities have a positive impact on market performance and (2) how and under what conditions user innovation activities can have a positive impact on a firm’s market performance. The findings on a sample of Korean manufacturing firms indicate that user innovation activities significantly increase firms’ innovation performance, which consequently leads to superior market performance (confirming the mediation effect of innovation performance). Additionally, we observe the positive mediation effect of innovation performance only in firms with higher levels of absorptive capacity (confirming the moderated mediation effect of absorptive capacity). Further analysis confirms that the positive interaction effects between user innovation activities and absorptive capacity on market performance through innovation performance were more pronounced for firms with higher Chief Executive Officer (CEO) shareholding levels (confirming the moderated mediation effect of CEO’s shareholding). Our findings provide theoretical and practical implications on the successful implementation of user innovation strategies.
Eun Hwa Lee; Choo Yeon Kim; Jae Wook Yoo. Relationship between User Innovation Activities and Market Performance: Moderated Mediating Effect of Absorptive Capacity and CEO’s Shareholding on Innovation Performance. Sustainability 2020, 12, 10532 .
AMA StyleEun Hwa Lee, Choo Yeon Kim, Jae Wook Yoo. Relationship between User Innovation Activities and Market Performance: Moderated Mediating Effect of Absorptive Capacity and CEO’s Shareholding on Innovation Performance. Sustainability. 2020; 12 (24):10532.
Chicago/Turabian StyleEun Hwa Lee; Choo Yeon Kim; Jae Wook Yoo. 2020. "Relationship between User Innovation Activities and Market Performance: Moderated Mediating Effect of Absorptive Capacity and CEO’s Shareholding on Innovation Performance." Sustainability 12, no. 24: 10532.
Whether to have a similar or different strategy than firms in same industry is the fundamental question for firms that want to build a competitive advantage. Recent literature, such as the new institutional theory and the perspective of optimal distinctiveness, has emphasized the configuration of competing forces that make firms simultaneously similar by conforming to industry norms and different by implementing innovation, leading to high performance. The primary rationale is that firms can exploit their high status of conformity as a stock of capital to differentiate themselves when required. Upon this rationale, we conducted research to test the hypotheses for optimal distinctiveness in the strategies of manufacturing firms in Korea. The results show that Korean firms have higher performance when they are mutually involved in higher conformity and innovation. It also suggests that firms in the industry with high volatility have difficulties in managing optimal distinctiveness of strategic conformity with innovation.
Myung Sub Lim; Choo Yeon Kim; Jae Wook Yoo. How Strategic Conformity Interacts with Innovation: An Empirical Study on Korean Manufacturing Firms from the Perspective of Optimal Distinctiveness. Journal of Open Innovation: Technology, Market, and Complexity 2020, 6, 121 .
AMA StyleMyung Sub Lim, Choo Yeon Kim, Jae Wook Yoo. How Strategic Conformity Interacts with Innovation: An Empirical Study on Korean Manufacturing Firms from the Perspective of Optimal Distinctiveness. Journal of Open Innovation: Technology, Market, and Complexity. 2020; 6 (4):121.
Chicago/Turabian StyleMyung Sub Lim; Choo Yeon Kim; Jae Wook Yoo. 2020. "How Strategic Conformity Interacts with Innovation: An Empirical Study on Korean Manufacturing Firms from the Perspective of Optimal Distinctiveness." Journal of Open Innovation: Technology, Market, and Complexity 6, no. 4: 121.
The purpose of this study is to investigate the mediation effects of external knowledge acquisition on the relationships between environments (dynamism, complexity, and hostility) and innovation. Although prior studies have extensively examined the relationships between environments and innovation or innovativeness, the results of the studies appear to lack consistency. To help clarify the relationships between environments and innovation, this study intends to examine the impact of environments on innovation through external knowledge acquisition, and it is argued that environments are likely to motivate or force firms to acquire new knowledge from the outside, which, in turn, tends to enhance their ability to innovate. Based on data collected from manufacturing SMEs in China through a questionnaire survey, we have found that dynamism, complexity and hostility have all positive total effects on innovation and that they also have positive influences on firms’ external knowledge acquisition. Besides, we have found that external knowledge acquisition has a complete mediation effect on the relationships between all three environmental dimensions and innovation. The results further show that the positive direct effects of all three environmental dimensions on innovation disappear completely when external knowledge acquisition is considered as a mediator. These results imply that the significant relationships between three respective environmental dimensions and innovation demonstrated in prior studies may be spurious. Based on these findings, we have presented key conclusions, implications, and limitations with the direction of future research.
Kwangsoo Kim; Fan Li; Jae Wook Yoo; Choo Yeon Kim. The Relationships among Environments, External Knowledge Acquisition, and Innovation. Sustainability 2020, 12, 5541 .
AMA StyleKwangsoo Kim, Fan Li, Jae Wook Yoo, Choo Yeon Kim. The Relationships among Environments, External Knowledge Acquisition, and Innovation. Sustainability. 2020; 12 (14):5541.
Chicago/Turabian StyleKwangsoo Kim; Fan Li; Jae Wook Yoo; Choo Yeon Kim. 2020. "The Relationships among Environments, External Knowledge Acquisition, and Innovation." Sustainability 12, no. 14: 5541.
As the platform business becomes more important, it is crucial to make adequate decisions and choices for strategies, considering influence factors in relation to the platform for each growth model. This study researched how to build a platform business in the IT industry from the perspective of a dynamic approach to understand how the platform growth model successfully enables business entities to enter the market and to continue expansion. Through 21 case studies, this research formulated the four stages of platform growth model: entry, growth, expansion and maturity, providing a conceptual framework to build a platform growth model ecosystem.
Junic Kim; Jaewook Yoo. Platform Growth Model: The Four Stages of Growth Model. Sustainability 2019, 11, 5562 .
AMA StyleJunic Kim, Jaewook Yoo. Platform Growth Model: The Four Stages of Growth Model. Sustainability. 2019; 11 (20):5562.
Chicago/Turabian StyleJunic Kim; Jaewook Yoo. 2019. "Platform Growth Model: The Four Stages of Growth Model." Sustainability 11, no. 20: 5562.
The importance of external knowledge acquisition for innovation by firms is well established. In particular, there has been an increasing focus on the two distinct modes of firms’ external search strategies, which have a differential effect on their learning and innovation: search breadth and depth. By applying organizational ambidexterity lens, we hypothesize that pursuing high levels of both external search strategies is beneficial to achieve a balance between exploitative and explorative innovation, which, in turn, has a positive impact on the firm’s innovation performance. We also hypothesize that, even among the firms that maintain high levels of both search strategies, firms with higher absorptive capacity better achieve a balance between both modes of innovation, thereby producing higher performance. The findings on a multi-industry sample of Koran manufacturing firms confirm our hypotheses and imply that it is essential for firms to develop capabilities for different modes of external search activities in conjunction with internal absorptive capacity for superior innovation performance.
Choo Yeon Kim; Myung Sub Lim; Jae Wook Yoo. Ambidexterity in External Knowledge Search Strategies and Innovation Performance: Mediating Role of Balanced Innovation and Moderating Role of Absorptive Capacity. Sustainability 2019, 11, 5111 .
AMA StyleChoo Yeon Kim, Myung Sub Lim, Jae Wook Yoo. Ambidexterity in External Knowledge Search Strategies and Innovation Performance: Mediating Role of Balanced Innovation and Moderating Role of Absorptive Capacity. Sustainability. 2019; 11 (18):5111.
Chicago/Turabian StyleChoo Yeon Kim; Myung Sub Lim; Jae Wook Yoo. 2019. "Ambidexterity in External Knowledge Search Strategies and Innovation Performance: Mediating Role of Balanced Innovation and Moderating Role of Absorptive Capacity." Sustainability 11, no. 18: 5111.
The purpose of this study is to explore the relationships between three intangible resources and the innovation performance of Chinese high-tech firms, and the moderating effect of internationalization on these relationships. We implement a hierarchical multiple regression analysis using data for 274 Chinese high-tech firms. The results show that all three intangible resources, measured by top management team diversity, research and development intensity, and government subsidies, positively influence Chinese high-tech firm innovation performance. We find the relationships between these intangible resources and the innovation performance of Chinese high-tech firms are significantly positively moderated by internationalization. These findings have important implications, as follows. First, they provide evidence of the strategic value of intangible resources and their effects on innovation performance. Second, our results show that increasing internationalization alone does not guarantee performance improvement. Firms should consider their internal and external environments and the complex relationships among factors when they make decisions about internationalization investments. Prior research does not provide an explanation for how internationalization affects performance, because it primarily focuses on the direct relationship between internationalization and performance. This study overcomes this limitation by examining the indirect effect of internationalization on performance.
Yuhan Liu; Junic Kim; Jaewook Yoo. Intangible Resources and Internationalization for the Innovation Performance of Chinese High-Tech Firms. Journal of Open Innovation: Technology, Market, and Complexity 2019, 5, 52 .
AMA StyleYuhan Liu, Junic Kim, Jaewook Yoo. Intangible Resources and Internationalization for the Innovation Performance of Chinese High-Tech Firms. Journal of Open Innovation: Technology, Market, and Complexity. 2019; 5 (3):52.
Chicago/Turabian StyleYuhan Liu; Junic Kim; Jaewook Yoo. 2019. "Intangible Resources and Internationalization for the Innovation Performance of Chinese High-Tech Firms." Journal of Open Innovation: Technology, Market, and Complexity 5, no. 3: 52.
This study aims to examine the relationship between top managers’ entrepreneurial orientation and firms’ research and development (R&D) investment and the moderating effects of environmental uncertainty on this relationship. Using a sample of 337 Korean technology firms, we implemented a multiple regression analysis with R&D intensity as a dependent variable, top managers’ entrepreneurial orientation as an independent variable, and environmental uncertainty as a moderating variable. The findings reveal that the entrepreneurial orientation of top managers has significant and positive relationships with firms’ strategic decisions regarding R&D investment. This implies that the tendencies and characteristics of top managers significantly influence firms’ innovation efforts, especially during an economic recession. Furthermore, environmental munificence intensifies the entrepreneurial orientation and R&D investment relationship, while environmental dynamism has a negative moderating effect. On the other hand, environmental hostility does not have any impact on this relationship. The moderating effects of environmental uncertainty imply that firms should carefully consider environmental dynamism and munificence to intensify the positive effect of top managers’ entrepreneurial orientation on firms’ innovation efforts.
Jaewook Yoo; Junic Kim. The Effects of Entrepreneurial Orientation and Environmental Uncertainty on Korean Technology Firms’ R&D Investment. Journal of Open Innovation: Technology, Market, and Complexity 2019, 5, 29 .
AMA StyleJaewook Yoo, Junic Kim. The Effects of Entrepreneurial Orientation and Environmental Uncertainty on Korean Technology Firms’ R&D Investment. Journal of Open Innovation: Technology, Market, and Complexity. 2019; 5 (2):29.
Chicago/Turabian StyleJaewook Yoo; Junic Kim. 2019. "The Effects of Entrepreneurial Orientation and Environmental Uncertainty on Korean Technology Firms’ R&D Investment." Journal of Open Innovation: Technology, Market, and Complexity 5, no. 2: 29.
Science and Technology policy is regarded as an essential factor for future growth in the EU, and Horizon 2020 is the world’s most extensive research and innovation programme created by the European Union to support and encourage research in the European Research Area (ERA). The purpose of this study is to analyse and evaluate the changes to the EU’s science and technology policies from Framework Programme to Horizon 2020 and to provide vital information to research organisations and academia to conceive and conduct future research on international cooperation with the EU. Through a policy analysis, this study summarised the four science and technology policy implications: (1) building ecosystems through mutual complementation among industries, (2) solving social problems through science and technology, (3) strengthening SMEs’ participation, and (4) sharing knowledge and strengthening collaboration with non-EU countries.
Junic Kim; Jaewook Yoo. Science and Technology Policy Research in the EU: From Framework Programme to HORIZON 2020. Social Sciences 2019, 8, 153 .
AMA StyleJunic Kim, Jaewook Yoo. Science and Technology Policy Research in the EU: From Framework Programme to HORIZON 2020. Social Sciences. 2019; 8 (5):153.
Chicago/Turabian StyleJunic Kim; Jaewook Yoo. 2019. "Science and Technology Policy Research in the EU: From Framework Programme to HORIZON 2020." Social Sciences 8, no. 5: 153.
This work examines how the strategic choice and performance of late movers are influenced by the top management team's external ties, inside and outside the firm's industry. Using a multiyear sample of firms from the computer industry, we found that intra-industry trade-association ties of top managers led to the adoption of a resource-imitation strategy by late movers while extra-industry importation and professional-association ties led to the adoption of a resource-substitution strategy. We also found that trade association ties had a negative effect on the performance of late movers using resource-substitution, while top managers' service on other firms' boards had a positive influence on the performance of those firms. Our findings not only confirm the importance of the role of fit in strategy and performance, but they also highlight the importance of the management and control of boundary-spanning activities. Copyright (c) Blackwell Publishing Ltd 2008.
Jae Wook Yoo; Richard Reed; Shung Jae Shin; David J. Lemak. Strategic Choice and Performance in Late Movers: Influence of the Top Management Team's External Ties. Journal of Management Studies 2009, 46, 308 -335.
AMA StyleJae Wook Yoo, Richard Reed, Shung Jae Shin, David J. Lemak. Strategic Choice and Performance in Late Movers: Influence of the Top Management Team's External Ties. Journal of Management Studies. 2009; 46 (2):308-335.
Chicago/Turabian StyleJae Wook Yoo; Richard Reed; Shung Jae Shin; David J. Lemak. 2009. "Strategic Choice and Performance in Late Movers: Influence of the Top Management Team's External Ties." Journal of Management Studies 46, no. 2: 308-335.