Virtuous cycle between R&amp;D, functionality development and assimilation capacity for competitive strategy in Japan’s high-technology industry

Watanabe, Chihiro; Asgari, Behrooz; Nagamatsu, Akira

doi:10.1016/s0166-4972(02)00041-x

Cited by 31 publications

(11 citation statements)

References 14 publications

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“…Source: Adapted from Watanabe et al (2006) MPT suggests the ability to improve performance of production processes, goods and services, termed as functionality development (FD) (Watanabe et al 2003). The increase of MPT will induce multifactor of productivity (MFP).…”

Section: Figmentioning

confidence: 99%

Technology Stocks and Economic Performance of Government-Linked Companies: The Case of Malaysia

Wong

Govindaraju

2012

Technological and Economic Development of Economy

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On the basis of the case study of the selected government-linked companies (GLCs), this paper examines the technological stock progress and further assesses its implication for growth. A synthesized framework of analysis (using technological stock and logistic growth function) is proposed to highlight the virtuous cycle between R&D investment, technology stock and growth. The results suggest that two of the selected firms (Proton and Golden Hope), indeed, showed better technological progress. However, Proton seems to achieve the maturity stage of technology and further needs to enhance its technology capability to drive its performance in the future. In contrast, TNB is found to lack the technological development to promote performance. The results, on the one hand, suggest that technology development is mostly progressive with high returns in the areas where the country has definite comparative advantage (e.g. oil palm) and when better partnership exists. On the other hand, in a highly protective market, the technological progress is slow -the case of energy sector -and contribution of technology progress towards growth is in lack -as in the case of automotive sector. Case comparison suggests that attempts to develop technology require competitive market with less government protective measures.

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Section: Figmentioning

confidence: 99%

Technology Stocks and Economic Performance of Government-Linked Companies: The Case of Malaysia

Wong

Govindaraju

2012

Technological and Economic Development of Economy

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“…This ability can be defined as functionality development (FD) (Watanabe et al, 2003). The emergence of innovation leads to new FD and the efforts for maintaining sustainable FD leads to creating successive innovations.…”

Section: The Concept Of Functionality Developmentmentioning

confidence: 99%

“…Based on the analyses by Rogers (1983) and Mahajan et al (1990), Moore (1991) and Watanabe et al (2003) FD emergence can be identified as the ability to overcome the barrier of the market by means of new innovation. This level is equivalent to the level of 3 3 + as illustrated in Fig.…”

Section: Earlier Emergence Of Functionality Developmentmentioning

confidence: 99%

Optimal Dynamics of Functionality Development in Open Innovation

Watanabe

Shin

Heikkinen

et al. 2009

IFAC Proceedings Volumes

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Sustainable functionality development has become crucial option for firm's survival in a new paradigm confronting a post-information society. This can be realized by earlier emergence of functionality development. In this context, effective utilization of external innovation resources leads to follower substitution for leader in open innovation. This substitution induces advancements of innovative goods by substituting gratification of their consumption for resistance to them. Thus, optimization of utmost gratification of consumption under certain investment would be crucial for firm strategy. Optimal functionality development dynamics is analyzed in this paper by integrating production, diffusion and consumption functions, and using Pontryagin maximum principle. The result demonstrates that suprafunctionality can be developed through gratification of consumption substitution for resistance to new innovation.

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“…This can be attributed to the two faced nature of ICT. While advancement of ICT contributes to increase its marginal productivity and subsequently its price by increasing new functionality development (Watanabe et al, 2003), the dramatic advancement of the Internet results in declining prices of ICT by freebies, easy copying and standardization (Watanabe et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

Structural Source of the Trap of ICT Advancement – Lessons from World ICT Top Leaders

Watanabe

Naveed

Zhao

2014

JTMGE

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In light of the significant consequence of the trap of dramatic advancement of information and communication technology (ICT) in the global economy, both nations and firms that have been compelling their productivity decline. This resulted in great stagnation of ICT advanced economies and therefore its structural sources were analyzed.Based on an empirical analysis tracing, the trend in marginal productivity of ICT and its subsequent prices among the top ICT leaders in the world over the last two decades correlating with the effects of ICT, two faces of ICT advancement were identified.On one side, advancement of ICT contributes to its prices increase by new functionality development, its dramatic advancement particularly centered by internet results in the decline of its prices through freebies, easy copying, and standardization.It was demonstrated that the success of ICT leaders could largely be attributed to the way in which the two faces of ICT advancement were managed by maximizing the positive face of ICT advancement. This is done by means of the effective utilization of external resources in innovation while minimizing the negative face by outsourcing price decreasing factors.All of the aforementioned points can be invaluable lessons for global sustainability in both ICT advanced and growing economies in the midst of the advancement of ICT. The significance of innovation-consumption co-emergence for harnessing the vigor of counterparts is discussed.

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Virtuous cycle between R&D, functionality development and assimilation capacity for competitive strategy in Japan’s high-technology industry

Cited by 31 publications

References 14 publications

Technology Stocks and Economic Performance of Government-Linked Companies: The Case of Malaysia

Technology Stocks and Economic Performance of Government-Linked Companies: The Case of Malaysia

Optimal Dynamics of Functionality Development in Open Innovation

Structural Source of the Trap of ICT Advancement – Lessons from World ICT Top Leaders

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