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Scientific Article details

Title Evaluating Internal Technological Capabilities in Energy Companies
ID_Doc 77647
Authors Lee, M; Lee, S
Title Evaluating Internal Technological Capabilities in Energy Companies
Year 2016
Published Energies, 9, 3
DOI 10.3390/en9030145
Abstract 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.
Author Keywords energy industry; capability evaluation; technological capability; evaluation model; multi-facet
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI)
EID WOS:000373625500014
WoS Category Energy & Fuels
Research Area Energy & Fuels
PDF https://www.mdpi.com/1996-1073/9/3/145/pdf?version=1456830830
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