Comparative Analysis of R&D-Based Innovation Capabilities in SMEs to Design Innovation Policy. (4th October 2016)

• Record Type: Journal Article
• Authors: Cho, Chanwoo; Park, Sun Young; Son, Jong Ku; Lee, Sungjoo
• Is Part Of: Science and public policy. Volume 44:Number 3(2017:Jun.)
• Page Start: 403
• Page End: 416
• Publication Date: 2016-10-04
• Subjects: innovation capabilities -- decision analysis -- SMEs -- DEA -- Korea; Science and state -- Periodicals; 338.926
• DOI: 10.1093/scipol/scw073
• Languages: English
• ISSNs: 0302-3427

Abstract

Abstract: This study suggests a novel approach to assessing research and development (R&D) innovation capabilities and devises solutions to support the strengthening innovation capabilities of technology-based SMEs. An assessment framework is developed using top-down and bottom-up approaches simultaneously to identify the critical capabilities required for R&D-based innovation in small and medium-sized enterprises (SMEs). The data envelopment analysis (DEA) is adopted as a method for the assessment of capabilities, and the suggested approach is applied to Korean SMEs to verify its feasibility. The assessment results indicate that different types of core R&D-based innovation capabilities can be identified based on a comparative analysis of SMEs. These findings can help understand SMEs' innovation capabilities and are expected to be used widely in practices to support SMEs' innovation activities.