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Comparative Analysis of R&D-Based Innovation Capabilities in SMEs to Design Innovation Policy

Author

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  • Chanwoo Cho
  • Sun Young Park
  • Jong Ku Son
  • Sungjoo Lee

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.

Suggested Citation

  • Chanwoo Cho & Sun Young Park & Jong Ku Son & Sungjoo Lee, 2017. "Comparative Analysis of R&D-Based Innovation Capabilities in SMEs to Design Innovation Policy," Science and Public Policy, Oxford University Press, vol. 44(3), pages 403-416.
  • Handle: RePEc:oup:scippl:v:44:y:2017:i:3:p:403-416.
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    File URL: http://hdl.handle.net/10.1093/scipol/scw073
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    Cited by:

    1. Sunyoung Park, 2019. "Identification of Overall Innovation Behavior by Using a Decision Tree: The Case of a Korean Manufacturer," Sustainability, MDPI, vol. 11(22), pages 1-54, November.
    2. Caiyan Jia & Xiaoyun Tang & Zhehan Kan, 2020. "Does the Nation Innovation System in China Support the Sustainability of Small and Medium Enterprises (SMEs) Innovation?," Sustainability, MDPI, vol. 12(6), pages 1-18, March.

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