An empirical analysis of the determinants of technology roadmap utilization

Jung Hoon Lee, Robert Phaal, Chihoon Lee

Research output: Contribution to journalArticle

18 Citations (Scopus)

Abstract

For many years now, firms have managed their research and development (R&D) by applying various approaches drawn from the discipline of technology roadmapping (TRM). The underlying rationale of these roadmapping approaches is to align firms' product and technology developments with their business goals. By visually representing firms' technology strategy, roadmaps support intra-firm communication and facilitate the coordination of strategic decisions and activities within the technology management domain. Most previously published research on TRMs has focused on the design and implementation of roadmapping processes; that is, relatively few empirical or quantitative studies describe the use and evaluation of roadmapping techniques. This paper seeks to address this gap by conducting a survey of 186 different R&D units within stock market-listed companies in Korea that have implemented TRM. The paper attempts to identify the antecedent factors behind firms' successful use of roadmaps, further identifying correlations between these antecedent factors through an analysis of the R&D units. It also empirically highlights these antecedent factors by empirically analyzing and verifying correlations between roadmap utilization and R&D performance.

Original languageEnglish
Pages (from-to)485-508
Number of pages24
JournalR and D Management
Volume41
Issue number5
DOIs
Publication statusPublished - 2011 Nov 1

Fingerprint

Industry
Technology roadmap
Empirical analysis
Communication
Roadmap
Roadmapping
Factors
Technology roadmapping
Financial markets
Strategic decisions
Technology development
Korea
Technology management
Rationale
Technology strategy
Evaluation
Stock market
Listed companies
Product development

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Business, Management and Accounting(all)
  • Strategy and Management
  • Management of Technology and Innovation

Cite this

Lee, Jung Hoon ; Phaal, Robert ; Lee, Chihoon. / An empirical analysis of the determinants of technology roadmap utilization. In: R and D Management. 2011 ; Vol. 41, No. 5. pp. 485-508.
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An empirical analysis of the determinants of technology roadmap utilization. / Lee, Jung Hoon; Phaal, Robert; Lee, Chihoon.

In: R and D Management, Vol. 41, No. 5, 01.11.2011, p. 485-508.

Research output: Contribution to journalArticle

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