TY - JOUR
T1 - Low-risk opportunity recognition from mature technologies for SMEs
AU - Shin, Juneseuk
AU - Lee, Hakyeon
PY - 2013
Y1 - 2013
N2 - It is common that SMEs recognize low-risk technological arbitrage opportunities in mature technologies, enter the global market, and occupy significant market shares. This opportunity is characterized by imitable technology complexity, market insignificance for oligopoly companies, and technology maturity. We propose a new and systematic method to recognize the most appropriate low-risk technological arbitrage opportunities for SMEs. The four-phase opportunity recognition procedure consists of technology complexity analysis, market appropriateness analysis, technology maturity analysis, and organizational fit analysis using empirical measures and analytic tools. An illustrative example of a company searching for technological arbitrage opportunities in semiconductor equipment is provided.
AB - It is common that SMEs recognize low-risk technological arbitrage opportunities in mature technologies, enter the global market, and occupy significant market shares. This opportunity is characterized by imitable technology complexity, market insignificance for oligopoly companies, and technology maturity. We propose a new and systematic method to recognize the most appropriate low-risk technological arbitrage opportunities for SMEs. The four-phase opportunity recognition procedure consists of technology complexity analysis, market appropriateness analysis, technology maturity analysis, and organizational fit analysis using empirical measures and analytic tools. An illustrative example of a company searching for technological arbitrage opportunities in semiconductor equipment is provided.
KW - Arbitrage opportunity
KW - Low-risk
KW - Mature technology
KW - Recognition
KW - SME (small and medium enterprise)
UR - http://www.scopus.com/inward/record.url?scp=84885110562&partnerID=8YFLogxK
U2 - 10.1016/j.jengtecman.2013.09.002
DO - 10.1016/j.jengtecman.2013.09.002
M3 - Article
AN - SCOPUS:84885110562
SN - 0923-4748
VL - 30
SP - 402
EP - 418
JO - Journal of Engineering and Technology Management - JET-M
JF - Journal of Engineering and Technology Management - JET-M
IS - 4
ER -