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The Relationships of Dynamic Capability, Product Innovation, Sustained Competitive Advantage and Performance of the Domestic Manufacturing Firms
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국내 제조업체의 역동적인 역량, 제품혁신, 지속적인 경쟁우위 그리고 성과 간의 관계

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Type
Academic journal
Author
Yang Young Ik (부산외국어대학교)
Journal
한국전략마케팅학회 마케팅논집 마케팅논집 제25권 제3호 KCI Accredited Journals
Published
2017.1
Pages
107 - 129 (23page)

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The Relationships of Dynamic Capability, Product Innovation, Sustained Competitive Advantage and Performance of the Domestic Manufacturing Firms
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The purposes of the present study are, first, to measure the effect of dynamic capability on product innovation, second, to examine the effect of product innovation on sustained competitive advantage, and third, to evaluate whether the results of the hypotheses and the model are different, depending on the specific industry. The results of structural equation modeling support the hypotheses that dynamic capability enhances product innovation, sustained competitive advantage and thus firms' performance. The results also show that product innovation fully mediates between dynamic capability and sustained competitive advantage. Finally, in the industry analysis, the hypothesized structural relationships coincide with the results of the present study. Thus, the results of the present study provide the following managerial implications. First, dynamic capability may be a good strategic orientation to enhance product innovation for sustained competitive advantage and better performance. Second, because dynamic capability does not directly affect sustained competitive advantage but through product innovation, management needs to make sure that the strengthening of dynamic capability translates into the enhancement of product innovation. Third, in the industry analysis, because the hypothesized structural relationships across industries coincide with the results of the present study, a firm may apply the results of the present study, regardless of specific industry.

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