Innovation and Exports of Korean Firms: How Do They Differ by Size and Industry?

2019 ◽  
Vol 10 (3) ◽  
pp. 249-271
Author(s):  
Wonkyu Shin ◽  
Sehwan Oh ◽  
Sungho Rho
Keyword(s):  
Global Economy ◽  
Large Scale ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Information And Communications Technology ◽  
Firm Level ◽  
Innovation Activities ◽  
Heterogeneous Effects ◽  
Ict Industry ◽  
Medium Enterprises

This article examines some of the distinctive characteristics of South Korean firms in relation to their research and development (R&D) and export activities affecting the efforts to retain intellectual property rights (IPR). In particular, this study shows how firms of different sizes (small and medium enterprises: SMEs vs. large-scale enterprises: LEs) tend to hold the ownership of IPR differently. To test the heterogeneous effects of the firms’ innovative capacity, this study utilizes the firm level data of 6,138 Korean firms during 2006–2014. In the years 2006–2014, South Korea concluded free trade agreements (FTAs) with numerous economies and accelerated its market competition and integration into the global economy. Our empirical results found that R&D activities of both SMEs and LEs were active during the period; however, SMEs in particular took a great stride in their patenting and innovation activities. Findings of our article also show that the more companies engaged in export activities, the more actively patents grew. Furthermore, the companies in the information and communications technology (ICT) industry are more aggressive in patenting activities.

Lean Manufacturing Scenario and Role of Pervasive Computing in Indian SMEs

2010 ◽  
pp. 31-51
Author(s):  
Deepak Tripathi
Keyword(s):  
Information And Communication Technologies ◽  
Pervasive Computing ◽  
Lean Manufacturing ◽  
Global Economy ◽  
Large Scale ◽  
Management Practices ◽  
Small And Medium Enterprises ◽  
Formal System ◽  
Business Environment ◽  
Medium Enterprises

Large scale firms have been adopting various management practices to remain competitive in today’s global economy. Lean manufacturing is one such initiative, which significantly improves performance in terms of cost, delivery, quality and flexibility. Although small and medium enterprises (SMEs) play a very significant role in overall manufacturing supply network, less is known about the extent to which lean is present in these firms. The present study investigates this issue by exploring the scenario of implementation of lean manufacturing in Indian SMEs. It also examines the constraints, which need to be addressed for real penetration of lean on a wider scale and the role information and communication technologies like pervasive computing play in successful implementation of this initiative. This aspect is considered important as no organization, whether big or small, can afford to neglect it in today’s business environment. The study reveals that although lean manufacturing is not implemented as a formal management initiative in SMEs, its elements could be traced with varying degrees in firms. However, a need is felt to improve upon various identified constraints, so that SMEs are able to implement it as formal system and reap maximum benefits. It is also experienced that IT solutions like pervasive computing help in improving lean manufacturing performance but Indian SMEs in general have not taken considerable initiatives in this direction.

The State of IP protection, Exploitation and Valuation: Evidence from Select Indian Micro, Small and Medium Enterprises (MSMEs)

2018 ◽  
Vol 4 (2) ◽  
pp. 159-176
Author(s):  
Sumanjeet Singh
Keyword(s):  
Intellectual Property ◽  
Global Economy ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Life Cycles ◽  
Brand Names ◽  
Innovation Ability ◽  
Medium Enterprise ◽  
Short Product ◽  
Medium Enterprises

There is a plethora of literature to support the significance of intellectual property rights (IPRs) in modern organisations in deterring potential infringement of new ideas and in turning them into productive business value. Larger-sized firms attach tremendous value to their intellectual property (IP), whereas in the case of the micro, small and medium enterprise (MSME) sector, much more than a value game, IP rights have strategic importance, as this sector requires constant creativity and innovation to adapt to fast-changing market conditions, short product life cycles and intense market competition. Many of the Indian MSME units rely heavily on their in-house R&D laboratories/personnel, complex designs, unique methods, artistic work, distinctive brand names and innovation ability. They create and use IP assets which range from patents to trademarks, copyrights and industrial designs. Therefore, proper protection, exploitation and valuation of these assets have become more and more critical for the success of Indian MSMEs in the global economy. In this light, the present study aims to examine the practices used by a selected group of Indian MSMEs with regard to IP usage, protection, and exploitation and valuation aspect. In this process, the study also investigates the problems or constraints that resist these firms to exercise such IP management-related practices.

scholarly journals A Study of Specific Open Innovation Issues from Perspectives of Open Source and Resources—The Series Cases of Tesla

2021 ◽  
Vol 14 (1) ◽  
pp. 142
Author(s):  
Jianan Wang ◽  
Yuzhen Duan ◽  
Guijian Liu
Keyword(s):  
Open Source ◽  
Open Innovation ◽  
Large Scale ◽  
Small And Medium Enterprises ◽  
High Tech ◽  
Market Demand ◽  
Internal Resources ◽  
Innovation Activities ◽  
Medium Enterprises ◽  
Key Resources

It is difficult for enterprises to adapt to the rapidly developing market demand and increasingly intense competition by relying only on internal resources to carry out innovation activities. We identify three new issues for the Cross-Functional Consortium Families (CFCFs, CF2s) open innovation model based on a cooperating network: participation of large-scale high-tech enterprises (LHEs), impact from open source, and motivation of keeping resource independence. By studying the series cases of Tesla, Inc. (Austin, TX, USA) cooperating with small and medium enterprises (SMEs) through an open source CF2 model, we examined and discussed these three issues and gave new connotations to both open innovation and the CF2 model from perspectives of open source and resources. This paper also provides strategic reference for other LHEs to mitigate the dependency on key resources and generate new key resources accepted by the environment.

Structural Modeling of Institute of Entrepreneurship in Russia

2019 ◽  
pp. 34-48
Author(s):  
Svetlana L. Sazanova
Keyword(s):  
Global Economy ◽  
Structural Model ◽  
Institutional Environment ◽  
Small And Medium Enterprises ◽  
Structural Modeling ◽  
Entrepreneurial Activity ◽  
Pattern Modeling ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship

Entrepreneurship plays an important role in the modern global economy; the share of products of small and medium enterprises in the gross product and exports not only of the developed but also of developing countries is growing. Innovation processes cover all sectors of the economy, and more and more people are involved in entrepreneurial activity, which contributes to the penetration of entrepreneurial thinking and business values in all areas of the socioeconomic life of society. The Institute of Entrepreneurship plays an increasingly prominent role in the institutional environment of socio-economic systems. This actualizes the problem of studying the relationship of the institution of entrepreneurship with the institutions of law, culture, management. This requires a methodology that allows you to explore the impact on the institute of entrepreneurship not only economic, but also non-economic factors. The methodology of the “old” institutionalism possesses such a tool, it is structural modeling (pattern modeling), which allows to explore the diversity of interrelationships of the institution of entrepreneurship with other components of the institutional and economic environment. The article explored the features of the development of the institution of entrepreneurship in Russia, established the relationship between the institution of entrepreneurship, values, motives and incentives for entrepreneurial activity, built a structural model of the institution of entrepreneurship based on the methodology of the old institutionalism (pattern modeling). The structural model of the institution of entrepreneurship reveals the relationship between the institution of entrepreneurship, the values of entrepreneurial activity, its motives and incentives; as well as the relationship between the institution of entrepreneurship with the institutions of governance, cultural and religious institutions, legal institutions and society.

scholarly journals Women’s Economic Empowerment in Vietnam: Performance and Constraints of Female-Led Manufacturing SMEs

2021 ◽  
Vol 14 (6) ◽  
pp. 255
Author(s):  
MinhTam Bui ◽  
Trinh Q. Long
Keyword(s):  
Labor Productivity ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Value Added ◽  
Medium Size ◽  
Formal Sector ◽  
Firm Level ◽  
Average Value ◽  
Significant Difference ◽  
Medium Enterprises

This paper identifies whether there was a performance difference among micro, small and medium enterprises (MSMEs) led by men and by women in Vietnam during the period 2005–2013 and aims to provide explanations for the differences, if any, in various performance indicators. The paper adopts a quantitative approach using a firm-level panel dataset in the manufacturing sector in 10 provinces/cities in Vietnam in five waves from 2005 to 2013. Fixed effect models are estimated to examine the influence of firm variables and demographic, human capital characteristics of owners/managers on firms’ value added, labor productivity and employment creation. We found that men led MSMEs did not outperform those led by women on average. Although the average value added was lower for female-led firms in the informal sector, the opposite was true in the formal sector where women tend to lead medium-size firms with higher value added and labor productivity. The performance disparity was more envisaged across levels of formality and less clear from a gender perspective. Moreover, while firms owned by businessmen seemed to create more jobs, firms owned by women had a higher share of female employees. No significant difference in business constraints faced by women and by men was found.

RFID-Based Optimization Method for Inventory Control Strategy

2010 ◽  
Vol 34-35 ◽  
pp. 1983-1987
Author(s):  
You Bo Wu ◽  
Yi Tao ◽  
Xiao Hong Pan ◽  
Peng Cheng Wu
Keyword(s):  
Inventory Control ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Optimization Method ◽  
Stock Management ◽  
Inventory Cost ◽  
Logistics Cost ◽  
Manufacturing Enterprises ◽  
Management Optimization ◽  
Medium Enterprises

As the market competition became more fiercely and the customers’ needs of diversified products increased, small and medium enterprises (SME) were more and more aware of the importance of getting quick respond of the market. More and more enterprises felt the logistics cost pressure during this business. How to lower down the logistics cost especially the stock cost became crucial for these SME enterprises. Further more, for enterprises whose producing type is many varieties small batches, how to use valid method to decline inventory and waste, is a great hard nut to crack. This article targeted on inventory control of clothing manufacturing enterprises for research, RFID technology was applied in stock management, optimization method was adopted for inventory control based on RFID, optimization control model was built, and the route for declined inventory cost and waste was analyzed. Finally, the application method was verified according emulation.

INNOVATIVE BEHAVIOUR OF INDIAN MICRO SMALL AND MEDIUM ENTERPRISES: AN EMPIRICAL STUDY

2017 ◽  
Vol 21 (07) ◽  
pp. 1750061 ◽  
Author(s):  
NOMITA SHARMA
Keyword(s):  
Environmental Factors ◽  
Empirical Study ◽  
Failure Rate ◽  
Small And Medium Enterprises ◽  
High Failure Rate ◽  
Innovation Activities ◽  
Skilled Manpower ◽  
Innovative Behaviour ◽  
Medium Enterprises

The aim of this paper is to explore innovative behaviour of Indian Micro Small and Medium Enterprises. It is interesting to study innovative behaviour of microsmau and medium enterprises (MSMEs) since they try to innovate while surrounded by many barriers. They also face high failure rate in doing so. This failure is due to presence of barriers that MSMEs fail to manage. But it has been observed that many MSMEs are now awakening to their potential and becoming innovative. They tend to respond to environmental factors in an innovative way, either by cutting cost or changing ways of management. This innovative way defines their innovative behaviour. The innovative behaviour of MSMEs is studied through three variables, i.e., size, age and barriers faced by them. The result shows that size does influence innovation activities undertaken by MSMEs and statistically, there is no correlation between age and innovative behaviour. Their innovative behaviour is affected by barriers like shortage of technical skilled manpower, technology and shortage of funds or complex funding procedure. The paper is concluded by summarising the key findings, discussing implications, limitations and further scope of study.

Family Firms, Enterprise Development and Tacit Knowledge Transformation: Small and Medium Enterprises (SMEs) Innovation in Malaysia

2021 ◽  
pp. 097215092110476
Author(s):  
John Lee Kean Yew
Keyword(s):  
Tacit Knowledge ◽  
Small Businesses ◽  
Global Economy ◽  
Family Firms ◽  
Small And Medium Enterprises ◽  
Enterprise Development ◽  
Generational Change ◽  
Knowledge Transformation ◽  
Family Smes ◽  
Medium Enterprises

In light of the global economy, it is undeniable that small businesses such as family-owned small and medium enterprises (SMEs) affect economic performance globally. They offer a key basis of flexibility and innovation but also face some challenges along the way. Since family SMEs form a large portion in the Malaysian corporate sector, the economy of this country is highly dependent on family firms’ entrepreneurial capacity. During the past decade, although family SMEs innovation is analytically and empirically reviewed in terms of theory building, it still lacks a systematic adoption of thorough and theoretically-based frameworks to gain understanding on the evolution of knowledge transformation surrounding this topic. This study primarily focuses on the development of tacit knowledge through innovation during generational change with specific attention given to three family firms ranging from old, new and declining wealth enterprises. Besides, this article appraises the evolution of SMEs innovation when new generations attempt to transform the tacit knowledge in advancing the products innovation and quality branding in Malaysia.

scholarly journals A review on Innovation and its Strategic Importance to the Growth of Small and Medium Enterprises (SMEs)

2021 ◽  
Vol 6 (2) ◽  
pp. 275-281
Author(s):  
Siti Noraisah Musneh ◽  
Sylvia @ Nabila Azwa Ambad ◽  
Rosmimah Mohd Roslin
Keyword(s):  
Small And Medium Enterprises ◽  
Extant Literature ◽  
Innovation Activities ◽  
Conceptual Paper ◽  
Medium Enterprises

This is a conceptual paper to review the innovation concept and determine the strategic importance of innovation towards the growth of Small and Medium-sized Enterprises (SMEs) globally. The study reviews the extant literature on the role of innovation in keeping SMEs competitive and sustainable in their business. This study’s findings show the evidence from past literature on the importance of innovation to SMEs’ growth, and its effect on SMEs if they failed to innovate. Another information that SMEs can gain when reading this paper is the definitions of innovation viewed from different perspectives and help SMEs get involved with relevant innovation activities.

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