LAPSE:2018.0879
Published Article
LAPSE:2018.0879
Evaluating Internal Technological Capabilities in Energy Companies
Mingook Lee, Sungjoo Lee
November 27, 2018
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.
Keywords
capability evaluation, energy industry, evaluation model, multi-facet, technological capability
Suggested Citation
Lee M, Lee S. Evaluating Internal Technological Capabilities in Energy Companies. (2018). LAPSE:2018.0879
Author Affiliations
Lee M: Department of Industrial Engineering, Ajou University, San 5, Woncheon-dong, Yeongtong-gu, Suwon 443-749, Korea
Lee S: Department of Industrial Engineering, Ajou University, San 5, Woncheon-dong, Yeongtong-gu, Suwon 443-749, Korea
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Journal Name
Energies
Volume
9
Issue
3
Article Number
E145
Year
2016
Publication Date
2016-03-01
Published Version
ISSN
1996-1073
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Original Submission
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PII: en9030145, Publication Type: Journal Article
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LAPSE:2018.0879
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doi:10.3390/en9030145
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Nov 27, 2018
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CC BY 4.0
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Nov 27, 2018
 
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Nov 27, 2018
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Original Submitter
Calvin Tsay
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