Purpose - Research on the ability of domestic public institutions to conduct business is being conducted. Research on government support policy for public technology projects, emphasizes technology creation. Public agencies are encouraging evolutionary barriers at the stage of realistic business. This paper presents the policy possibilities by presenting policies and strategies based on corporate public policy. Research design, data, and methodology - In this study, we surveyed the actual state of public technology commercialization based on the data on state of technology commercialization of public institutions. We collected and analyzed the literature data to enhance the competitiveness of technology commercialization by identifying success cases of public technology commercialization. In Korea, there are not many research papers that provide policy alternatives for technical commercialization of public research institutes. Therefore, in this paper, we review various government policies and check the status of technology commercialization to increase its value. Results - As a result of this study, it is suggested that various policy development is necessary for the commercialization of public technology, because it is important to increase the value of technology users, suppliers, investors and customers through various network activation. In particular, it is necessary to establish differentiated Korean public technology commercialization model for the proliferation of public technology commercialization by presenting methodical model of technical commercialization. Conclusions - Through this study, it is important to raise the competitiveness of domestic public technology commercialization, to create economic value, and to improve the performance of technology commercialization. Therefore, it is necessary to contribute to the creation of research achievement, research method of excellent technology, and method of commercializing technology, and to create achievement of technical commercialization in the future. In addition, from the viewpoint of commercialization of technology, strategies for creating value through utilization of public technology should be prepared, and a plan for mutual prosperity among domestic companies should be prepared. Policy alternatives of various public technology commercialization to build national competitiveness have been developed, and various examples of performance for the performance of public technology commercialization should be derived.
Banker, R. D., Charnes, A., & Cooper, W. W. (1984). Some models forestimating technical and scale inefficiency in data envelopmentanalysis. Management Science, 30(9), 1078-1092.
Covin, J. G., & Miles, M. P.(1999). Corporate entrepreneurship and the pursuit of competitive advantage. Entrepreneurship: Theory and practice, 23(3), 47-47.
Feng, Z. (2016). The Effect of the Products’ Review on Consumers’ Response. International Journal of Industrial Distribution & Business, 7(2), 13-20.
Fixson, S. K., Khachatryan, D., & Lee, W.(2017). Technological Uncertainty and Firm Boundaries: The Moderating Effect of Knowledge Modularity. IEEE Transactions on Engineering Management, 64(1), 16-28.
Goes, P. B., Lin, M., & Yeung, C. A. (2014). Popularity Effectin User-Generated Content: Evidence from Online Product Reviews. Information Systems Research, 25(2), 222-238.
Han, S. S.(2016). Industry Structure, Technology Characteristics, Technology Marketing and Performance of Technology–Based Start-ups: With Focus on Technology Marketing Strategy. Journal of Distribution Science, 14(2), 93-101.
Han. S. S., & Yim. D. S.(2018). Path Dependence in Industry-University Cooperation: In terms of Industry’s Voluntary Participation. International Journal of Industrial Distribution & Business, 9(3), 45-56.
Holcomb, T. R., & Hitt. M. A.(2007). Toward a model of strategic outsourcing. Journal of Operations Management, 25(2), 464–481.
Hwang, S. I., & Suh, E. K.(2018). A Study on Supplier Involvement and Buyer Strategic Decisions. International Journal of Industrial Distribution &Business, 9(4), 53-62
Hwang, S. I., & Suh, E. K.(2017). A Study on the Effect of Supplier’s Strategy on New Product Development Performance. Journal of Distribution Science, 15(9), 95-107
Jolly, V. K. (1997). Commercializing new technologies:getting from mind to market. Boston, MA: Harvard Business Press.
Lee, S. C., Lim, W. H., & Suh, E. K.(2014). Youth Startup Firms: A Case Study on the Survival Strategy for Creating Business Performance. Journal of Distribution Science, 12(6), 80-87.
Li, Y. H., & Huang, J. W., & Tsai, M. T.(2009). Entrepreneurial orientation and firm performance: The role of knowledge creation process. Industrial marketing management, 38(4), 440-449.
Liao, S. C. (2014). Using the MCDM of the Innovative Product Value Chain to Promote New Product Design. The East Asian Journal of Business Management, 4(3), 27-37.
Moreau, C. P., Arthur, B. M., & Donald, R. L. (2001).What is It? Categorization Flexibility and Consumers' Responses to Really New Products. Journal of Consumer Research, 27(4), 489-498.
Roh, Y. D., & Park, S. B.(2018). Effects of SM-sized Manufacturing Firm Management Performance: Control Effect of CEO Characteristics and Mediating Effect of Core Competence. International Journal of Industrial Distribution & Business, 9(11), 93-104.
Shan, Y., & Shuai, S.(2014). A Study of the Factors that Impact Chinese Consumers’ Purchasing Intent for High-Tech Products. East Asian Journal of Business Management, 4(1), 37-40.
Suh, G. H., & Yoon, S. W.(2017). A Study on the Entrepreneurship and Marketing Activity in Distribution & Service. Journal of Distribution Science, 15(5), 5-15.
Siddiqu, M. A., & Majid, S. (2013). Exploring the Financing Gap between Young Entrepreneurs and Venture Capitalists. The East Asian Journal of Business Management, 3(2), 5-15.
Yoon. K. C., & Lee, J. E.(2017). The Impact of Entrepreneurial Temperament and Social Capitalon Entrepreneurial Intention before Start-up. International Journal of Industrial Distribution & Business, 8(6), 97-109.
Yun, J. K.(2014). Establishing a Marketing Strategy Model for Academic-Industrial Cooperation between Companies and Universities. Journal of Distribution Science, 12(4), 65-72.