Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The influence of government science and technology policies on new product development in the US UK, South Korea and Taiwan.
AU - Schoening, Niles
AU - Sounder, Wm. E.
AU - Lee, Jinjoo
AU - Cooper, Rachel
PY - 1998
Y1 - 1998
N2 - This analysis of the impacts of science and technology (S&T) policies of the US, UK, Taiwanese and South Korean governments on 86 new products developed by firms within these countries helps answer ever-present questions about the effectiveness of such policies. In the USA and UK, little evidence was found of government policies having any direct effects on private sector new product innovation activities. By contrast, evidence was found that the South Korean and Taiwanese governments have played a major role in increasing their countries' new product innovation activities through tax credits, direct and indirect grants, low interest loans, intellectual property regulations and other mechanisms. Consistent with conventional wisdom, these differences appeared to be rooted in dissimilar east-west cultures and related institutionalised expectations about the role of governments. Surprisingly, government agencies were not found to be important sources of either technologies or information useful in developing new products in any of the four countries. Instead, the firm's own networks of colleague firms, suppliers and customers were more important sources. These results suggest that S&T policies in all four countries should be redirected towards encouraging networking, collaborative R&D and information exchange between firms, suppliers and customers.
AB - This analysis of the impacts of science and technology (S&T) policies of the US, UK, Taiwanese and South Korean governments on 86 new products developed by firms within these countries helps answer ever-present questions about the effectiveness of such policies. In the USA and UK, little evidence was found of government policies having any direct effects on private sector new product innovation activities. By contrast, evidence was found that the South Korean and Taiwanese governments have played a major role in increasing their countries' new product innovation activities through tax credits, direct and indirect grants, low interest loans, intellectual property regulations and other mechanisms. Consistent with conventional wisdom, these differences appeared to be rooted in dissimilar east-west cultures and related institutionalised expectations about the role of governments. Surprisingly, government agencies were not found to be important sources of either technologies or information useful in developing new products in any of the four countries. Instead, the firm's own networks of colleague firms, suppliers and customers were more important sources. These results suggest that S&T policies in all four countries should be redirected towards encouraging networking, collaborative R&D and information exchange between firms, suppliers and customers.
KW - science and technology policies
KW - US
KW - UK
KW - Korea
KW - Taiwan
KW - policies toward innovation
KW - government incentives.
U2 - 10.1504/IJTM.1998.002641
DO - 10.1504/IJTM.1998.002641
M3 - Journal article
VL - 15
SP - 821
EP - 835
JO - International Journal of Technology Management
JF - International Journal of Technology Management
SN - 0267-5730
IS - 8
ER -