An Identification of Unsuccessful, Failure Factors of Technology Innovation and Development in SMEs: A Case Study of Components and Material Industry

File Size Format
82039_1.pdf 257Kb Adobe PDF View
Title An Identification of Unsuccessful, Failure Factors of Technology Innovation and Development in SMEs: A Case Study of Components and Material Industry
Author Kang, Michael
Journal Name International Journal of Business and Management
Editor ljbm@ccsenet.org
Year Published 2012
Place of publication Canada
Publisher Canadian Center of Science and Education
Abstract Despite the widespread recognition of the important roles that innovative, technology-oriented small and medium sized enterprises (SMEs) play in most economies, relatively little research has been focused on the integrated aspects of technology, management and the related factors in the context of SMEs. Since there are no well-defined or established research models or frameworks, we adopted an exploratory, longitudinal approach to investigate key factors that affect success or failure business cases in Korean components and materials industry. With forty-five case study analysis, we found three important factors for technology-oriented SMEs business successes or failures. These include technology factors (market-oriented technology; timely innovative technology; technology innovation capability; patents), management factors (financial resource; management commitments; human resource; R&D capability; commercialization capability), and the related factors (top managers' ethical issues; transparency in R&D budgets; lack of commitments for success). We highlight the importance of the integrative approach which combines technology, management, and the related factors to examine successful or failing business cases. Further studies will benefit from our findings to develop theoretical models and examine other industries.
Peer Reviewed Yes
Published Yes
Alternative URI http://dx.doi.org/10.5539/ijbm.v7n19p16
Copyright Statement Copyright remains with the author 2012. The attached file is reproduced here in accordance with the copyright policy of the publisher. For information about this journal please refer to the journal’s website or contact the author.
Volume 7
Issue Number 19
Page from 16
Page to 30
ISSN 1833-3850
Date Accessioned 2012-11-16
Date Available 2013-06-18T02:30:26Z
Language en_US
Faculty Griffith Business School
Subject Small Business Management
URI http://hdl.handle.net/10072/48236
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

Show simple item record

Griffith University copyright notice