R&D success factors and intensity for small and medium-sized enterprises in Korea

Abstract

Innovation is almost a necessity for business nowadays for being competitive. As a practical activity for technical innovation, the significance of R&D is getting on the rise more and more to either large or small and medium sized enterprises. Especially for small and medium-sized enterprise (SME), R&D is considered as a main factor for innovation and sometimes is considered as a key factor for their survival. In this paper, we investigate some success factors for SMEs' R&D and analyze their relative intensity on successive order base. Also, we show the interrelationship between the intensity and both company size and company age.