nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2023‒02‒20
seven papers chosen by
João José de Matos Ferreira
Universidade da Beira Interior

  1. Promoting Innovation: The Differential Impact of R&D Subsidies By Fuad Hasanov; Reda Cherif; Christoph Grimpe; Wolfgang Sofka
  2. Science, technology and innovation: cooperation, integration and regional challenges By -
  3. An appreciative theorizing approach to gazelle enterprises assisted by the Arica Business Center By Rodrigo Rodrigo Barra Novoa Barra Novoa
  4. Inspirational Intuition – Bridge to Future Viability By Müller, Jochem
  5. Enhancing intellectual property use for a stronger innovation ecosystem in Poland By Tony Clayton; Antoine Dechezleprêtre; Hélène Dernis; Laurence Joly; Victoria Magdalinski; Laurent Moussiegt; Mark Schankerman
  6. The Development Strategy of the Biotechnology Industry in the Post-Covid-19 Era By Kwon, Ohsung
  7. Digital transformation Strategy for Small and Medium-Sized Enterprises By Cho, Young Sam

  1. By: Fuad Hasanov; Reda Cherif; Christoph Grimpe; Wolfgang Sofka
    Abstract: We investigate the effect of R&D subsidies on firms’ innovation by ownership, industry, and firm size using German firm-level data. The impact of R&D subsidies is heterogeneous across industries for multinational corporations (MNCs) and domestic firms while it does not differ substantially by firm size. Domestic firms have a larger response in R&D spending in low-tech manufacturing, knowledge-intensive services, and technological services while the response of domestic and foreign MNCs is broadly similar and is greater in medium-tech and high-tech manufacturing. Foreign MNC subsidiaries’ response in terms of patents is greater than that of domestic MNCs in most industries.
    Keywords: Innovation; patents; research and development; R&D; subsidies; multinationals; investment; technology policy; R&D subsidy; high-tech manufacturing; subsidiaries' response; low-tech manufacturing; R&D spending; Transnational corporations; Manufacturing; Services sector; Government subsidies; Investment policy; Global
    Date: 2022–09–23
  2. By: -
    Abstract: Science, technology and innovation (STI) policies have a central role to play: not only in building national research and development capacities, but also in solving national problems and challenges within the framework of countries’ development policies. Given the region’s structural weaknesses, scarce resources and the need for scale to achieve results, the resources allocated to support science, technology and innovation —or at least part of them— must be channelled into areas of knowledge related to the main challenges the countries face. STI must contribute to the development of sectors and activities that drive the economy and society. Four of them are discussed in this publication: manufacturing industry for the health sector, energy transition, electromobility, and eco-innovation and sustainable production.
    Date: 2023–01–24
  3. By: Rodrigo Rodrigo Barra Novoa Barra Novoa (UCJC - Universidad Camilo José Cela)
    Abstract: The role played by gazelles in economic development processes is a topic of growing interest in the scientific and business community. Empirical evidence agrees that gazelles and fast-growing firms are innovative, transformative economic structures with capabilities to promote economic growth. This paper examines the role of a group of gazelle firms assisted in Arica that positively weigh the cost-benefit ratio of the Business Center program in Chile. This path poses an exercise in "appreciative theorizing" —as Richard Nelson (2018) calls it— and examines various factors of growth that cannot be explained by economic models in equilibrium.
    Keywords: Business centers economic growth gazelle firms innovation appreciative theorizing B21 Microeconomics D22 Firm behavior J18 Public policy O43 Institutions and growth R11 Regional economic activity Centros de negocios crecimiento económico firmas gacelas innovación teorización apreciativa, Business centers, economic growth, gazelle firms, innovation, appreciative theorizing B21 Microeconomics, D22 Firm behavior, J18 Public policy O43 Institutions and growth R11 Regional economic activity Centros de negocios, crecimiento económico, firmas gacelas, innovación, teorización apreciativa
    Date: 2022–10–11
  4. By: Müller, Jochem
    Abstract: The management of companies should recognize the important role of the intuitive competence of employees and make it available for knowledge generation. There is a special role and relevance of Inspirational Knowledge Imagination, for creating inventions and innovations, as a source of competitive advantage and future viability. A newly developed inventory for self-estimation of intuitive competence helps to unlock these competitive advantages. Based on a selective analysis of relevant literature research and studies, a ten-question questionnaire was created using a Likert scale for the self-estimating Inspirational Knowledge Imagination Inventory (IKII-10). The originally designed questionnaire was tested and extractable principal components were found, using Principal Component Analysis. This is done to describe Inspirational Intuition in more detail so that it could be further approached in terms of content. Possible applications of the intuitive, inspirational competence in the innovative business context, will give the management suggestions for professional use of the intuitive abilities and their targeted development. Intuitive competence, in the sense of an inspirational knowledge imagination, can promote the development of new knowledge and build an intuitive bridge to an imaginary and divined world.
    Keywords: Intuition, Innovation, Inspiration, Knowledge, Imagination, Inventory, Creativity, Competence, Principal Component Analysis, Questionnaire, Leadership, Future Viability
    JEL: A1 M1
    Date: 2023
  5. By: Tony Clayton; Antoine Dechezleprêtre; Hélène Dernis; Laurence Joly; Victoria Magdalinski; Laurent Moussiegt; Mark Schankerman
    Abstract: The paper presents a comprehensive assessment of the strengths and limitations of the intellectual property (IP) system in Poland. It offers policy recommendations to fully exploit the potential of IP to support an innovation-based economy. It finds that the key components of an effective IP strategy in Poland should include the promotion of IP use among economic actors and other stakeholders as well as information campaigns and training programmes to raise awareness and knowledge about the advantages of IP. Recommendations also include reducing barriers to IP use by lowering the costs of and simplifying IP-related procedures, and promoting the valorisation of IP held by universities to enhance technology transfer to the business sector.
    Date: 2023–02–09
  6. By: Kwon, Ohsung (Korea Institute for Industrial Economics and Trade)
    Abstract: Due to the COVID-19 pandemic, interest in COVID-19 vaccines and treatments has grown. In addition, awareness of the importance of healthcare and disease prevention has risen, thus demand for related goods has also increased. There are movements to preempt emerging industries, such as pharmaceuticals, healthcare, and telemedicine, around the world. Recently, Korea selected the biotech industry as one of the so-called “BIG3” future industries primed to lead national innovative growth, along with the future mobility and non-memory semiconductors industries. The BIG3 industries are targets of four trillion KRW in government investment, which is an increase of 900 billion KRW from the previous year. Of those investments, about 1.7 trillion KRW will be allocated to the biotech and healthcare sectors. Other major countries such as the US, Japan, EU, and Israel are expanding R&D investments in those sectors to improve industrial competencies and to respond to COVID-19. In this paper, the current status of Korean biotech industry in terms of the biotech companies, the distribution of human resources, and industrial policies will be analyzed. Then, specific methodologies for the development of the industry will be proposed.
    Keywords: biotechnology; COVID-19; Korea; health care; health policy; public health; health care economics; health economics
    JEL: H51 I12 I18
    Date: 2021–12–01
  7. By: Cho, Young Sam (Korea Institute for Industrial Economics and Trade)
    Abstract: The majority of SMEs are not ready for successful digital transformation. Among the few SMEs that have sought to embrace digital transformation, their focus is overwhelmingly on maximizing the efficiency of organizational management and working processes. SMEs attempting digital transformation, in other words, are largely focused on gaining short-term benefits. A lack of financing, difficulties in building custom systems tailored to individual enterprises, and the burden of maintenance and upgrades are the major obstacles standing in the way of SMEs’ digital transformation. We must thus discern variations of digital transformation for SMEs in relation to their needs. Decision-makers at the levels of businesses and government alike ought to consider the differences between various types of digital transformations. Policy support is especially needed to enable SMEs to make the necessary strategic investments in digital transformation by minimizing uncertainties over expected benefits. Policy support is also necessary to strengthen SMEs’ own convictions in the benefits of digital transformation. There is a strong correlation between the expected benefits of digital transformation and motivation for investment. The more benefits companies expect from digital transformation, the more likely they are to invest in it. If digital transformation is an important policy concern to the government and occupies a major place in the government’s strategy for advancing and upgrading the industrial ecosystem, policymakers ought to make greater efforts to provide a vision of digital transformation to companies and enhance SMEs’ policy acceptance.
    Keywords: SMEs; SMEs’ Policy; SMEs’ Digital Transformation
    JEL: L25 L53
    Date: 2022–01–28

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