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A study on the relationship between SME's governmental support system utilization, R&D service, technological innovation capability and corporate performance

  • Industry Promotion Research
  • Abbr : IPR
  • 2023, 8(3), pp.19-35
  • DOI : 10.21186/IPR.2023.8.3.019
  • Publisher : Industrial Promotion Institute
  • Research Area : Interdisciplinary Studies > Interdisciplinary Research
  • Received : July 3, 2023
  • Accepted : July 14, 2023
  • Published : July 31, 2023

Chi-Kook Kim 1 Byoung-Ki Park 1

1호서대학교 기술경영전문대학원

Accredited

ABSTRACT

Recently, the government has emphasized the importance of establishing an innovation system for SMEs as part of an innovative growth strategy for national economic development. SMEs in Korea are experiencing many difficulties due to the loss of industrial competitiveness due to the powerful wave of the 4th industrial revolution along with the pandemic of COVID-19 that started in 2020. In relation to environmental changes, it is emerging as an important issue for SMEs to pursue open innovation for survival and growth, as well as to possess excellent technological innovation capabilities. In accordance with the need for such research, this study analyzed the factors that affect business performance or technological performance of small and medium-sized manufacturers, and identified the relationship between these influencing factors and corporate performance. The results of this study suggest that it is important for SMEs to effectively utilize R&D services and technology innovation capabilities and resources possessed by SMEs to secure a competitive advantage. The results of this study are considered to be able to provide basic data and information necessary for SMEs to secure a competitive edge and enhance industrial competitiveness through government support systems and open innovation.

Citation status

* References for papers published after 2023 are currently being built.