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 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.

Social Media Usage On MSMEs' Performance: The Moderating Role Of Innovation Capability

“…Numerous studies have examined the direct relationship between firm performance and innovation capability (Odoom & Mensah, 2019;Bahta et al, 2021;Fang et al, 2022). In most cases, innovation capability is categorized into two forms: technological innovation and managerial innovation (Kim & Jin, 2022); however, in this study, the focus is on managerial innovation. Based on our previous explanation, we propose the following hypothesis: H4: Innovation capability positively influences MSMEs' performance.…”

Innovación y Desempeño Empresarial: Estudio Bibliométrico

“…La innovación es un concepto importante hoy en día en las empresas, debido al aumento de la competencia y al rápido cambio tecnológico, dependen en su capacidad de innovar para lograr una ventaja competitiva sostenible (Bashir et al, 2022). Muchas empresas están cambiando su forma de actuar para innovar sus procesos, desarrollar nuevos productos exitosos y así mejorar su rendimiento (Akbar et al, 2022;Alegre et al, 2022;Kim & Jin, 2022).…”

Innovación y desempeño empresarial: Estudio bibliométrico

“…102. abril-junio, 2023 en su capacidad de innovar para lograr una ventaja competitiva sostenible (Bashir et al, 2022). Muchas empresas están cambiando su forma de actuar para innovar sus procesos, desarrollar nuevos productos exitosos y así mejorar su rendimiento (Akbar et al, 2022;Alegre et al, 2022;Kim & Jin, 2022).…”