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Is There Any Difference in the Effect of Open Innovation According to the Product Life Cycle? : Revisiting the Relationship Between Product Life Cycle and Trade

Title
Is There Any Difference in the Effect of Open Innovation According to the Product Life Cycle? : Revisiting the Relationship Between Product Life Cycle and Trade
Authors
Yun, Jinhyo Joseph류건우Jung, Woo Young
DGIST Authors
Yun, Jinhyo JosephJung, Woo Young
Issue Date
2013
Citation
무역연구, 9(2), 17-46
Type
Article
Keywords
open innovationproduct lifecyclecommodity traptrade
ISSN
1738-8112
Abstract
Chesbrough (2003) demonstrated that open innovation has a positive effect on firm performance. Chesbrough specially focused his analysis on the performances of open innovation of firms in the mature stage of product life cycle. This study attempts to examine the relationship between the extent of open innovation and its effect on a firm’s performances in different stages of product life cycle sectors in Korean circumstances. Product life cycle has deep a relationship with the international trade. In the U.S. specially,emerging and growth-stage products were exported but maturing and decline-stage products were imported (Wells, 1968, p. 4). If we know the relationship between open innovation and product life cycle, we can build up new strategy about international trade and commodity trap which are coupled with open innovation. This study also tries to derive answers to the following questions:(1) Is open innovation more actualized in emerging or growth-stage sector than in mature and declining-stage sector?(2)Isthe effect of open innovation on a firm’s performance inemerging or growth stage greaterthan mature and declining-stage firms?
URI
http://hdl.handle.net/20.500.11750/4945
DOI
10.16980/jitc.9.2.201305.17
Publisher
한국무역연구원
Related Researcher
  • Author Jung, Woo Young  
  • Research Interests Artificial Intelligence, Machine Learning, Autonomous Driving
Files:
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Collection:
Convergence Research Center for Future Automotive Technology1. Journal Articles


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