A Systematic Strategic Technology Planning Process for Material and Component Industries With a Sectoral Innovation System View

• Published in: IEEE transactions on engineering management Vol. 71; pp. 4889 - 4903
• Main Authors: Cho, Yonghee, Yoon, Seong-Pil, Kim, Karp-Soo, Hong, Paul
• Format: Journal Article
• Language: English
• Published: New York IEEE 2024; The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
• Subjects: Business; Business competition; Competitive advantage; Components industry; Composite materials; Decoupling; Industries; Innovations; Manufacturing; Material and component industry (MCI); Multinational corporations; Planning; R&D; R&D consortia; Research & development; Research and development; Risk sharing; sectoral innovation system (SIS); Strategic planning; strategic technology planning system; Supply chains; Systematics; Technological innovation; Technology planning; technology roadmapping; Value chain; United States > US; China
• ISSN: 0018-9391; 1558-0040
• DOI: 10.1109/TEM.2023.3237171

Recent trade tensions between the U.S. and China forcemultinational corporations to deal with severe supply chain disruptions. Although the comparative advantage of nations is the basis of supply chain collaboration in a serious rivalry between leading and emerging power, composite materials are often employed as weapons to protect the competitive advantage of strategic sectors in advanced nations. Also, the tight coupling between product and process innovation has been a critical issue in risk-sharing partnerships in manufacturing. Thus, in this article, we examine how firms make transitions in interdependence-decoupling cycles in the context of increasing competitive tensions. Practitioners and researchers still have difficulties finding practical guidelines for effective strategic technology planning encompassing various types of innovations. This study proposes a systematic strategic technology planning process in public R&D programs affecting a firm's strategic technology planning. There is ample evidence and/or cases to show the effectiveness of technology planning for the material and component industries (MCIs) with different characteristics. The primary objective is to address the unique aspect of the MCI roadmap and provide a more advanced framework for public technology planning. Consequently, the systematic technology planning process offers an R&D strategy to transform industry structure from finished products to components and materials for responding to severe supply chain disruptions across the value chain.