The impact of small and medium-sized enterprises (SMEs) on the national economy and employment effect is significant. On the other hand, it is true that the management performance of small and medium-sized enterprises (SMEs) is quite poor compared to ...
The impact of small and medium-sized enterprises (SMEs) on the national economy and employment effect is significant. On the other hand, it is true that the management performance of small and medium-sized enterprises (SMEs) is quite poor compared to large enterprises. Therefore, it is necessary to improve the business performance of SMEs, and to improve the business performance, it is necessary to strengthen the innovation capabilities of SMEs. As a result of the review of previous studies, there are many papers examining the relationship between patents and business performance, but studies examining the relationship between technology and quality certification and business performance are lacking. This study is different from previous studies in that it considers patents and technology/quality certification at the same time.
This study aims to identify the technological innovation capabilities that affect the management performance of technology innovative small and medium-sized enterprises (SMEs). The technological innovation capability of technology innovative SMEs is divided into innovation holding capability(IHC) and human development capability(HDC).
Two variables, patent and technology/quality certification, were used as innovation holding capacity, and three variables were used as human development capacity: the number of R&D manpower owned by a company, and the last educational background and industry experience of CEOs. Sales, operating profit, and employment were used as management performance variables. The analysis data were analyzed targeting 437 technology innovative SMEs in Busan, Ulsan, and Gyeongnam regions owned by the Korea Technology Guarantee Fund.
As a result of the analysis, technology/quality certification and R&D manpower showed a positive (+) relationship between business performance (sales, operating profit) and employment, and patent acquisition showed a positive (+) relationship to operating profit, and CEO Industry experience showed a positive (+) relationship to sales. These results mean that acquiring technology/quality certification as well as patents is important for technological innovative SMEs to grow. In SMEs, securing R&D manpower is important for business performance improvement, and in particular, patent acquisition is an important factor for improving operating profit
This study is an empirical study based on quantitative data obtained from the field, and it provides some implications to help local SMEs growth strategies by targeting technology innovative SMEs in Busan, Ulsan and Gyeongnam area.
keywords : Technology innovative SMEs, Technology Innovation Capability, Innovation Holding Capacity, Human Development Capacity, Business Performance, Regression Analysis