International Journal of Quality Innovation

Korean Society for Quality Management (한국품질경영학회)
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From R&D to Commercialization : A System Dynamic Approach

  • Choi, Kang-Hwa (Department of Management, Hansung University) ;
  • Kim, Soo-W. (College of Business Administration, Seoul National University)
  • Published : 2008.12.31
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Abstract

This paper describes a comprehensive approach to examine how technological innovation contributes to the renewal of a firm's competences through its dynamic and reciprocal relationship with R&D and product commercialization. Three theories of technology and innovation (the R&D and technological knowledge concept, product-process concept, technological interdependence concept) are used to relate technology and innovation to strategic management. Based on these theories, this paper attempts to identify the dynamic relationship between product innovation and process innovation using system dynamics by investigating that aspect of the dynamic changes in the closed feedback circulation structure in which R&D investments drive the accumulation of technological knowledge. Further, such knowledge accumulation actualizes product innovation and process innovation, subsequently resulting in an increase in productivity, customer satisfaction, profit generation, and.

Keywords

References

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