Title: How do information technology companies use innovation to compete? Evidence from the USA and South Korea

Authors: Chulki Kim; James Ondracek; Mehmet Ali Koseoglu; Mehmet Barca

Addresses: College of Business, Minot State University, USA ' College of Business, Minot State University, Minot, ND 58707, USA ' School of Management, Yıldırım Beyazıt University, Ankara, Turkey; College of Business, Minot State University, Minot, ND 58707, USA ' School of Management, Yıldırım Beyazıt University, Ankara, Turkey

Abstract: This paper focuses on innovation strategies of IT companies of the USA and South Korea. The empirical study verifies the effective way to use exploration and exploitation for a long-term period by collecting and analysing of IT companies from NASDAQ and KOPSI. In the USA, for a long-term surviving, IT companies need more exploratory innovation and sequential approach to two innovation activities frequently for a long-term period. In South Korea, IT companies need sequential approach, but to reduce frequency of the switching two innovation activities is also needed. Specially, in both countries results, not to lean toward R&D intensity is needed.

Keywords: innovation strategies; competitiveness; information technology; IT industry; USA; United States; South Korea; exploration; exploitation; R&D intensity; research and development.

DOI: 10.1504/IJBIR.2017.10002765

International Journal of Business Innovation and Research, 2017 Vol.12 No.3, pp.277 - 293

Received: 05 Jul 2014
Accepted: 17 Dec 2014
Published online: 07 Feb 2017 *

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