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Energies 2016, 9(3), 145; doi:10.3390/en9030145

Evaluating Internal Technological Capabilities in Energy Companies

Department of Industrial Engineering, Ajou University, San 5, Woncheon-dong, Yeongtong-gu, Suwon 443-749, Korea
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Author to whom correspondence should be addressed.
Academic Editors: Mark Lemon and Andy Wright
Received: 5 November 2015 / Revised: 19 February 2016 / Accepted: 19 February 2016 / Published: 1 March 2016
(This article belongs to the Special Issue Multi-Disciplinary Perspectives on Energy and Sustainable Development)
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Abstract

As global competition increases, technological capability must be evaluated objectively as one of the most important factors for predominance in technological competition and to ensure sustainable business excellence. Most existing capability evaluation models utilize either quantitative methods, such as patent analysis, or qualitative methods, such as expert panels. Accordingly, they may be in danger of reflecting only fragmentary aspects of technological capabilities, and produce inconsistent results when different models are used. To solve these problems, this paper proposes a comprehensive framework for evaluating technological capabilities in energy companies by considering the complex properties of technological knowledge. For this purpose, we first explored various factors affecting technological capabilities and divided the factors into three categories: individual, organizational, and technology competitiveness. Second, we identified appropriate evaluation items for each category to measure the technological capability. Finally, by using a hybrid approach of qualitative and quantitative methods, we developed an evaluation method for each item and suggested a method to combine the results. The proposed framework was then verified with an energy generation and supply company to investigate its practicality. As one of the earliest attempts to evaluate multi-faceted technological capabilities, the suggested model can support technology and strategic planning. View Full-Text
Keywords: technological capability; capability evaluation; multi-facet; evaluation model; energy industry technological capability; capability evaluation; multi-facet; evaluation model; energy industry
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Lee, M.; Lee, S. Evaluating Internal Technological Capabilities in Energy Companies. Energies 2016, 9, 145.

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