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Sustainability 2018, 10(10), 3632; https://doi.org/10.3390/su10103632

The Impact of Innovative Technology Exploration on Firm Value Sustainability: The Case of Part Supplier Management

1
Department of Management, Gyeongsang National University, JinJu 52828, Korea
2
Department of Logistics, Korea Maritime and Ocean University, Busan 49112, Korea
*
Author to whom correspondence should be addressed.
Received: 23 August 2018 / Revised: 4 October 2018 / Accepted: 7 October 2018 / Published: 11 October 2018
(This article belongs to the Special Issue Product Innovation and Sustainability)
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Abstract

With rapid changes driven by technical advances, innovative technology capacity is a strategic asset unique to a company allocating various tangible and intangible resources, and it promotes technological innovation. This study analyzed the technology applied to iPhone series by Apple from 2007 to 2017 and measured the information effect of innovative technology exploration on the firm value for managing global supply chain (USA, Taiwan, Japan, Korea, and Europe). Adopting the pooled OLS (Ordinary least square) and panel analysis, this study revealed that exploration technology exploring new technologies shows a positive market response in the information effect of sustaining innovation. Results identified that exploitation and exploration can give different results depending on a construct (exploration and exploitation technologies) or congruence (combination and balance). In addition, the results indicate the importance of the balance between exploitation and exploration technologies and rational part supplies management in Apple’s new product development strategy. Analyzing the impact of innovative technology exploration on the firm value for global supply chain management, this study suggests significant implications for strategic decision making for the company to build continuous innovation path through technology search and to secure sustainability of organizations facing rapid changes in technical advances. View Full-Text
Keywords: disruptive innovation; information effect; exploration technology; exploitation technology disruptive innovation; information effect; exploration technology; exploitation technology
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Son, I.; Kim, J.; Park, G.; Kim, S. The Impact of Innovative Technology Exploration on Firm Value Sustainability: The Case of Part Supplier Management. Sustainability 2018, 10, 3632.

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