The market economy nowadays has grown up in a very rapid way cutting across the time and place by being related with IT. Among the factors of the growth, there is R&BD(Research and Business Development) which is to accomplish technical performance by MOT(Management of Technology) as the core part of continuously growing management.
R&BD as well as R&D is a very critical part of the productivity.
Big corporations are more flexible to cope with lots of changes of business circumstance and have more opportunities for various businesses. However for most Korean Medium and Small companies, securing differentiated technology, which they are involved in, is the most common way for their growths as a means of the independent survivals.
This treatise regards the trend of MOT and is also about the evaluation & process of Medium & Small companies' R&BD performance. According to the research, the companies' R&BDs for successful MOT strategy have serious difficulties with limited resources.
With the research, I could understand the MOTsystem of Medium and Small companies which moves for OPEN INNOVATION in order to survive and adjust to rapidly changing market economy in speed and quality required.
From 5 different companies who have different business items, their difficulties are,
First, due to the limited resources, they their activities are also limited and have common risk of consuming a long time and a lot of investment for developing their own core-technology.
Second, in the course of commercialization, they commercialized in various developing items. It is probably because of their market territories.
Third, they did not manage the commercialization through the MOT in optimum system, but did in simple system which is considered as the most suitable for the companies. It reflected the limit of investment and manpower of the Medium and Small companies.
The primary factors of success from the research are the full support from the whole company and discussion form for the competition with Big corporations and Global MNC. Their overall business system structures could make them faster in making decisions and solving problems rather than equipping a Dig TOOL. In order to survive from the quality and speed competition, they used Industry-University Cooperation Foundation as a strategy of MOT. In the strategy of fulfillment for R&BD, they used their own methods and simple systems.
It is difficult to predict how the global market would move for and how consumers' preference would change. In order to keep growing and maintaining companies, MOT and R&BD is necessary.
A company' s value can be increased by re-investment and re-allocation of the profit from the products' technology. For the Medium and Small companies, which has limited investment circumstance and efficient human resources, continuous R&D and successful R&BD are very critical.
Setup of the valuable system with the own knowhow and Change of the direction to OPEN INNOVATION to catch the fast moving markets are a survival strategy for harmony and creation.