Innovation Capabilities and Business Performance in the Smart Farm Sector of South Korea
ABSTRACT: Ever-increasing unpredictability has led to recognition of increasing importance of innovation capabilities of businesses. In spite of recognizing such an important issue of innovation capability, not much research has been conducted on the relationship between innovation capabilities in b...
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2022-12-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853123000902 |
| _version_ | 1797391872672399360 |
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| author | Daeyu Kim Seunghoo Jin |
| author_facet | Daeyu Kim Seunghoo Jin |
| author_sort | Daeyu Kim |
| collection | DOAJ |
| description | ABSTRACT: Ever-increasing unpredictability has led to recognition of increasing importance of innovation capabilities of businesses. In spite of recognizing such an important issue of innovation capability, not much research has been conducted on the relationship between innovation capabilities in business planning, R&D, commercialization and innovation performance. The current research, thus, intends to provide an empirical analysis of the effect of smart farm companies’ innovation activities on their innovation performance. Classifying innovation capabilities into three categories of planning, R&D and commercialization capability, the current research aims to identify the effect of each category on sales and patent acquired. Moreover, it aims to identify the moderating effect of governmental policy and support for technology on the relationship between innovation activities and performance. It was found that planning, R&D and commercialization capabilities exerted a positive impact on business performance. It was also found that governmental policies and support helped enhance business performance. |
| first_indexed | 2024-03-08T23:39:00Z |
| format | Article |
| id | doaj.art-ac5f87371cea4dbabd64dac39dc3a1cf |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-08T23:39:00Z |
| publishDate | 2022-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-ac5f87371cea4dbabd64dac39dc3a1cf2023-12-14T05:22:02ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312022-12-0184204Innovation Capabilities and Business Performance in the Smart Farm Sector of South KoreaDaeyu Kim0Seunghoo Jin1Department of Bigdata Industrial Security, Namseoul University, Seoul 31020, Republic of Korea; Correspondence:Division of Innovation Center, Samsung SDS, Seoul 05510, Republic of Korea; Correspondence:ABSTRACT: Ever-increasing unpredictability has led to recognition of increasing importance of innovation capabilities of businesses. In spite of recognizing such an important issue of innovation capability, not much research has been conducted on the relationship between innovation capabilities in business planning, R&D, commercialization and innovation performance. The current research, thus, intends to provide an empirical analysis of the effect of smart farm companies’ innovation activities on their innovation performance. Classifying innovation capabilities into three categories of planning, R&D and commercialization capability, the current research aims to identify the effect of each category on sales and patent acquired. Moreover, it aims to identify the moderating effect of governmental policy and support for technology on the relationship between innovation activities and performance. It was found that planning, R&D and commercialization capabilities exerted a positive impact on business performance. It was also found that governmental policies and support helped enhance business performance.http://www.sciencedirect.com/science/article/pii/S2199853123000902smart farmventure companiesinnovation capabilitiesmoderating effect |
| spellingShingle | Daeyu Kim Seunghoo Jin Innovation Capabilities and Business Performance in the Smart Farm Sector of South Korea Journal of Open Innovation: Technology, Market and Complexity smart farm venture companies innovation capabilities moderating effect |
| title | Innovation Capabilities and Business Performance in the Smart Farm Sector of South Korea |
| title_full | Innovation Capabilities and Business Performance in the Smart Farm Sector of South Korea |
| title_fullStr | Innovation Capabilities and Business Performance in the Smart Farm Sector of South Korea |
| title_full_unstemmed | Innovation Capabilities and Business Performance in the Smart Farm Sector of South Korea |
| title_short | Innovation Capabilities and Business Performance in the Smart Farm Sector of South Korea |
| title_sort | innovation capabilities and business performance in the smart farm sector of south korea |
| topic | smart farm venture companies innovation capabilities moderating effect |
| url | http://www.sciencedirect.com/science/article/pii/S2199853123000902 |
| work_keys_str_mv | AT daeyukim innovationcapabilitiesandbusinessperformanceinthesmartfarmsectorofsouthkorea AT seunghoojin innovationcapabilitiesandbusinessperformanceinthesmartfarmsectorofsouthkorea |