Thesis - American Bankers Association. Graduate School of Banking. Rutgers University. / Gale. Bibliography: ℓ.94-101. Online version of the print publication.

Economic growth has virtually dropped to depression era levels in recent years as the domestic economy was and is still being impacted by severe competition in the international market. With the competition in the markets of most industries, how can we deal with the different stressful challenges to gain a dominant position in regard to competitiveness? There are numerous factors preventing many domestic traditional industries from being transformed, such as: the lack of innovative technical knowledge and competence, the limited necessary funds for manpower and equipment, the restriction of our government¡¦s subsidy clauses, etc. Accordingly, industry holders still keep and run their existing traditional industries, thereby raising obstacles to the promotion of the regional innovative system. The key point to solve the problem is to raise the knowledge technology level for the regional industry clusters. How can our government¡¦s policy help to assist the related industries to form the clusters and practice regional balanced development? The goal is to raise innovation in the necessary technologies; only then can an enterprise¡¦s business be sustained. According to the above, industry clusters constitute an important key to promote industrial development. The regional innovative system emphasizes the reactions and flow among organizations, including government, academia, research organizations, intermediaries, the financial market, the information network, etc. The thriving growth in the domestic economy relies much on the strengthening of innovation policies regarding urban areas. This research will discuss Chinese, Japanese and Korean governments¡¦ achievements in regard to the policies concerning regional innovations and management. The aims of the discussion include the following: 1. Investigating these 3 governments¡¦ successful cases of their innovation policies and strategies of industry clusters, in order to offer the greater Kaohsiung area a reference for practicing an innovative system; 2. Applying the results of the successful cases as suggestions for domestic traditional industries; and 3. Through integrated comparisons and analysis, substantial suggestions and measures for future development are proposed for the interaction between industry and academia, the enforcement of the administrative management regulations of the central and regional governments, the clustering strategies, etc. In addition, new energy, new materials and high technology industries are advised as a direction for the overall industrial development in the greater Kaohsiung area. Finally, the issues of industrial pollution of the environment, increasing the employment opportunities, and the cross-region and cross-nation innovative interactions are also explored.

The electronics industry has become the main industry in Taiwan due to the progress in information technology and emergence of globalization. Generally the management in high technology industry represents¡¨Speedy¡¨,¡¨Systematic¡¨and¡¨Professional¡¨. However, does this management system really mean optimal? Does highly work specialization work better? This study adopts narrative inquiry as the methodology, sharing my working experiences of different management styles and different solutions in similar cases... Based on the reflection of my working experiences, this study finds that the management in traditional industry may work more efficiently than in hi-tech industry. In traditional industries, most employees do not follow standard operating procedure and they even do not build up a complete information platform, but its management is much more ¡§Speedy¡¨¡B¡¨Systematic¡¨ and ¡¨Professional¡¨ than the high technology industry. Furthermore, employees in the traditional industry display more organizational cohesion than employees in the high technology industry. Although the high technology industry builds up a perfect information platform, it also changes and alienates the relationship between employees.

As we progress towards the era of knowledge economy, organizations become more dependent on the knowledge-based resources possessed by their employees. In the past, organizations are only concerned with employees¡¦ commitment to the company and hoping they perform citizenship behaviors in favor of the company. Nowadays, it is more important to know that employees also develop an overall belief concerning the extent to which organizations values and cares about them, which is called perceived organizational support. Mutual trust and commitment is needed to fulfill the expectations from the organizations and employees. The purpose of this study is to examine whether employees¡¦ perceptions of organizational support positively affect their commitment to the organization ; whether organizational commitment positively affect the extent to which employees perform citizenship behaviors ; whether commitment mediates the relationship between perceived organizational support and organizational citizenship behavior. After a survey directed at engineers in high-tech industries, results are as the following: (1) perceived organizational support increases employees¡¦ commitment to the organization ; (2) organizational commitment increases employees¡¦ citizenship behaviors ; (3) organizational commitment mediates the relationship between perceived organizational support and organizational citizenship behavior.

A Customização em Massa é uma estratégia de negócios relativamente recente que foi idealizada em meados dos anos oitenta, emergiu no meio empresarial em meados dos anos noventa, e, desde então tem sido adotada por muitas empresas devido ao diferencial competitivo que propicia. O objetivo desta estratégia é atender os desejos individuais dos clientes em grande escala e com maior lucratividade para a empresa. A adoção bem sucedida da Customização em Massa exige profundas alterações em áreas críticas das empresas. O objetivo do presente trabalho é, num primeiro momento, avaliar quais são essas áreas críticas que necessitam mudanças, e num segundo momento, quais são os elementos capacitadores necessários. O trabalho apresenta um modelo conceitual de definições sobre capacitação organizacional, competência funcional, técnicas operacionais e recursos organizacionais. Posteriormente verificou-se a influência destes elementos nos processos e como se dá a aplicação dos mesmos em diferentes setores industriais. A realização deste estudo baseou-se em cleta de dados por meio de questionários e na aplicação do método de estudo de caso em empresas de dois setores industriais, o automobilístico e o de alta tecnologia. A escolha destes setores justifica-se pelo fato deles se encontrarem, historicamente, na vanguarda da adoção das melhores práticas empresariais. Como resultado constatou-se que determinados elementos capacitam a empresa para a Customização em Massa em um setor mas não para outro, ou seja, não existe uma solução genérica para a capacitação organizacional em Customização em Massa. Observou-se também que a simples adoção dos elementos capacitadores não gera a competência funcional requerida em determinada área crítica para a geração desta capacitação organizacional; é também necessário que haja sinergia na aplicação destes elementos. / The customization is a recent strategy that appeared in the middle of 80\'s and currently it emerged in the enterprise environment. Such strategy has been adopted for many companies due to the competitive differential that it supplies. The objective of this strategy is to fulfill the most specific customers\' desires in large-scale and with increasing profitability to the company. The successful adoption of Mass Customization demand deep changes in many critical areas of the enterprise. The purpose of this paper is to analyses which are the critical areas that need to be changed, and which are the Mass Customization enablers. This research presents a conceptual definitions for resources, operational techniques, competences, and organizational capabilities required for Mass Customization. The paper presents a literature review on the issue of planning and deploying Mass Customization initiatives pointing out important resources and techniques that have been adopted by the adherents of this new strategy. It was perceived the influence of these enablers in its respective processes and its different applications in different industrial sectors. To this was adopted the method of case survey in two differents sectors, the automobile and high technology. This choice was proposital because this sector are in the vanguard of the best practices adoption. To have a valid classification of the enablers was elaborated two models. As a result was perceived that some enablers could be applied to one sector and not applied in others to reach the Mass Customization capacity. It does not exist a generic solution for a Mass Customization strategy adoption, because different sectors demands different enablers. It was also observed that the simple adoption of this enablers does not generate the enterprise competence demanded, being necessary the existence of a synergy between and focus of these enablers.

高科技產業的發展為各國經濟發展的重要指標，因此本研究盼藉由進一步探討高科技產業發展過程中，主要影響創新與競爭力的重要因素，並加以分析兩岸在提升高科技產業創新競爭力的政策規劃，對於高科技產業創新發展的影響與作用。 / Innovation in high-technology industry has been affecting the general competiveness of a nation presently and innovation happens every day. The major influential factor to innovate or creation majorly regarding to environment, policy, profits circumstances. In this study, result has show that high-technology industries had made simultaneous contribution and played a critical role to effect the growth and advanced development of a nation, with another critical factor collaborated to create the successfulness of high-technology industry transformation by determine correct policies from state government. Taiwan government has been putting efforts in incentive policies to promote the developments of high-technology industry to effectively enhance the technology level. The study finds out that the major influential factors that will affect the general competiveness are majorly from government incentives policies and sufficient funding in disciplinary of R&D personnel, also creating a competitive environment is another important measure to enhance the innovation capability of high-technology industry. The disparity between Taiwan and Mainland China is majorly in population, government policies, government funding and investments these factors that influence the competiveness of innovation in high-technology industry between Taiwan and Mainland China. This analytical study shows in details with supportive statistic to indicate the developments of Taiwan and Mainland China during the past 10 years in innovation of high-technology industry.

A Customização em Massa é uma estratégia de negócios relativamente recente que foi idealizada em meados dos anos oitenta, emergiu no meio empresarial em meados dos anos noventa, e, desde então tem sido adotada por muitas empresas devido ao diferencial competitivo que propicia. O objetivo desta estratégia é atender os desejos individuais dos clientes em grande escala e com maior lucratividade para a empresa. A adoção bem sucedida da Customização em Massa exige profundas alterações em áreas críticas das empresas. O objetivo do presente trabalho é, num primeiro momento, avaliar quais são essas áreas críticas que necessitam mudanças, e num segundo momento, quais são os elementos capacitadores necessários. O trabalho apresenta um modelo conceitual de definições sobre capacitação organizacional, competência funcional, técnicas operacionais e recursos organizacionais. Posteriormente verificou-se a influência destes elementos nos processos e como se dá a aplicação dos mesmos em diferentes setores industriais. A realização deste estudo baseou-se em cleta de dados por meio de questionários e na aplicação do método de estudo de caso em empresas de dois setores industriais, o automobilístico e o de alta tecnologia. A escolha destes setores justifica-se pelo fato deles se encontrarem, historicamente, na vanguarda da adoção das melhores práticas empresariais. Como resultado constatou-se que determinados elementos capacitam a empresa para a Customização em Massa em um setor mas não para outro, ou seja, não existe uma solução genérica para a capacitação organizacional em Customização em Massa. Observou-se também que a simples adoção dos elementos capacitadores não gera a competência funcional requerida em determinada área crítica para a geração desta capacitação organizacional; é também necessário que haja sinergia na aplicação destes elementos. / The customization is a recent strategy that appeared in the middle of 80\'s and currently it emerged in the enterprise environment. Such strategy has been adopted for many companies due to the competitive differential that it supplies. The objective of this strategy is to fulfill the most specific customers\' desires in large-scale and with increasing profitability to the company. The successful adoption of Mass Customization demand deep changes in many critical areas of the enterprise. The purpose of this paper is to analyses which are the critical areas that need to be changed, and which are the Mass Customization enablers. This research presents a conceptual definitions for resources, operational techniques, competences, and organizational capabilities required for Mass Customization. The paper presents a literature review on the issue of planning and deploying Mass Customization initiatives pointing out important resources and techniques that have been adopted by the adherents of this new strategy. It was perceived the influence of these enablers in its respective processes and its different applications in different industrial sectors. To this was adopted the method of case survey in two differents sectors, the automobile and high technology. This choice was proposital because this sector are in the vanguard of the best practices adoption. To have a valid classification of the enablers was elaborated two models. As a result was perceived that some enablers could be applied to one sector and not applied in others to reach the Mass Customization capacity. It does not exist a generic solution for a Mass Customization strategy adoption, because different sectors demands different enablers. It was also observed that the simple adoption of this enablers does not generate the enterprise competence demanded, being necessary the existence of a synergy between and focus of these enablers.

本研究探討以實質選擇權法評估高科技公司之股價，而如何評估企業合理的股價一直都是學者、投資人與企業亟欲探討的問題。由於高科技產業類似買權的特性，即潛在獲利高而下方風險有限(放棄選擇權)，使得採用何種股票評價模型來評估高科技產業股價更是一重要課題。一般常用來衡量企業實質價值的方法有三類：現金流量折現法、相對評價法（如本益比法）以及近年來開始發展的實質選擇權模型。但傳統的現金流量折現法會忽略了管理者的決策彈性而低估價值，本益比法會受到盈餘品質的影響；因此本研究以Schwartz和Moon(2000)連續時間之下的實質選擇權法來評估每股價值，希望在加入營運策略彈性之考慮後，求算出的模型價格能更真實地反映企業價值，並進而探討影響企業價值之關鍵因素。 本文以台灣IC設計產業龍頭，有「亞洲英特爾」之稱的威盛電子公司為研究對象。以威盛及其類似公司矽統科技之相關歷史資料估計參數，並與民國90年第一季實際股價驗證，發現實際股價逐漸逼近模型價格346.54元。以敏感度分析結果得到影響威盛股價的關鍵參數有四個：成本佔收入之比率、賺取超額報酬之期間、企業終值和收入成長率隨機過程之回復平均速度。 / The valuation of high-growth companies has been a controversial subject both in the academic literature and financial press. Since high-tech companies have option-like characteristics and asymmetric payoffs, this paper attempts to apply real-options pricing model created by Schwartz and Moon (2000) to get the rational price of high-tech companies and look for the key value-drivers. This paper focuses on valuing VIA Technologies, the world’s largest PC core logic chipset supplier with growing exposure to communications chips and microprocessors. After estimating the model parameters and solving the model by simulation, the model stock price for VIA Technologies is $346.54；moreover, market prices are getting close to the model price in the first quarter of 2001. Finally, I perform sensitivity analysis on the more critical parameters of the model, and find out four important parameters that have big effects on stock prices, including variable costs, horizon of the estimation, terminal value and speed of adjustment for the rate of growth process.

La promotion de l’innovation est une valeur pour différents pays. À cette fin, ils font usage de diverses techniques juridiques pour inciter les entreprises à viser et à générer de nouveaux produits, services ou technologies. Au Brésil, la propriété intellectuelle est considérée comme une des institutions juridiques les plus aptes à préserver l’intérêt des entreprises à continuer à innover. Cependant, la période suivant l’accord ADPIC a révélé que la propriété intellectuelle a failli à sa tâche de consolider de modèle de développement par l’innovation dans le pays. Cette frustration n’est un phénomène limité au Brésil, comme nous le percevons en évaluant d’autres économies héritières du sous-développement. Au lieu d’une ample diffusion technologique, nous observons le renforcement d’une espèce de «cartel de la connaissance», avec une influence mondiale. La surprotection des droits de propriété intellectuelle s’ajoute au discours de la réduction de l’intervention concurrentielle, découlant de l’influence de l’École de Chicago. La thèse part du présupposé que ce contexte décrit n’est pas en accord avec l’idéologie constitutionnellement adoptée au Brésil, nécessitant de promouvoir une action renouvelée du Conseil Administratif de Défense Économique (CADE). La présente recherche a pour objectif de formuler une fonction régulatrice de l’innovation par l’application du droit brésilien de la concurrence. L’enquête a eu un caractère interdisciplinaire, impliquant plus particulièrement des connaissances du droit et de l’économie. Nous avons conduit une analyse des jugements rendus par les autorités de la concurrence brésilienne et européennes relatifs à la protection de l’innovation et des droits de propriété intellectuelle. L’analyse comparative avec l’expérience européenne a permis de constater que les apports de l’économie industrielle contemporaine peuvent introduire des analyses économiques plus réalistes, sans perdre de vue la sécurité juridique dans l’intervention concurrentielle. Ainsi, nous comprenons que le CADE présente des compétences constitutionnelles et légales pour intervenir, de façon renouvelée, dans des cas impliquant l’industrie de haute technologie, en privilégiant les structures économiques plus inclusives et en réduisant les barrières à l’entrée des marchés. / The promotion of innovation is a value widely pursued by the most different countries, which implement various legal techniques to ensure the necessary incentives for companies that succeed in generating new products, services and technologies. In Brazil, intellectual property is considered one of the most suitable legal institutes to better preserve the interest of companies in continuing to innovate. However, the period following Brazil’s accession to the TRIPS Agreement revealed that it did not meet the expectations of consolidating the innovation development model in the country. This frustration is not a phenomenon restricted to Brazil, as one can perceive in evaluating other economies with inheritances of underdevelopment. In lieu of a broad technological diffusion, what was observed is the consolidation of a "knowledge cartel," with global influence. The "overprotection" of intellectual property rights is added to the narrative of a reduction in competitive intervention, resulting from the influence of the Chicago School. Thus, this thesis assumes that the context previously described is not in accordance with the constitutionally adopted ideology, making it necessary to promote a renewed action of the Brazilian Administrative Council of Economic Defense (CADE, in Portuguese). The research aimed to formulate a regulatory function of innovation by means of the Brazilian Competition Law mechanisms. The research had an interdisciplinary character, involving, especially, knowledge of Law and Economy. An analysis of cases judged by Brazilian and European competition authorities on the protection of innovation and intellectual property rights was carried out. The comparative analysis with the European experience showed that the contributions of the contemporary industrial economy can introduce more realistic economic analyzes, without losing sight of the legal security in the competitive intervention. Thus, it is understood that CADE has constitutional and legal powers to intervene, in a renewed way, in cases involving the high technology industry, prioritizing more inclusive economic structures and reducing high barriers to entry in the markets in question. / A promoção da inovação é um valor amplamente perseguido pelos mais diferentes países, os quais se utilizam de diversas técnicas jurídicas para garantir os estímulos necessários às empresas que tenham sucesso em gerar novos produtos e serviços ou novas tecnologias. No Brasil, considera-se a propriedade intelectual como um dos institutos jurídicos mais aptos a preservar o interesse das empresas em continuar inovando. Entretanto, o período subsequente à adesão ao Acordo TRIPS revelou que este não cumpriu com as expectativas de consolidar o modelo de desenvolvimento via inovação no país. Essa frustração não é fenômeno restrito ao Brasil, conforme se percebe ao avaliar outras economias com heranças do subdesenvolvimento. No lugar da ampla difusão tecnológica, o que se verificou foi a consolidação de uma espécie de “cartel do conhecimento”, com influência global. Assim, a “superproteção” dos direitos de propriedade intelectual se soma à narrativa de redução de intervenção concorrencial, decorrente da influência da Escola de Chicago. A presente tese parte do pressuposto de que esse contexto descrito não está de acordo com a ideologia constitucionalmente adotada, fazendo-se necessário promover uma atuação renovada do Conselho Administrativo de Defesa Econômica (CADE). A pesquisa teve como objetivo formular uma função reguladora da inovação por meio da aplicação do Direito Brasileiro da Concorrência. Para tanto, a investigação teve caráter interdisciplinar, envolvendo, especialmente, conhecimentos do Direito e da Economia. Foi realizada uma análise de casos julgados pelas autoridades da concorrência brasileira e europeias, versando sobre a proteção da inovação e de direitos de propriedade intelectual. Em face disso, a análise comparativa com a experiência europeia permitiu constatar que os aportes da Economia Industrial contemporânea podem introduzir análises econômicas mais realistas, sem perder de vista a segurança jurídica na intervenção concorrencial. Assim, infere-se que o CADE apresenta competências constitucionais e legais para intervir, de maneira renovada, em casos que envolvam a indústria de alta tecnologia, priorizando estruturas econômicas mais inclusivas e reduzindo as elevadas barreiras a entrada.

創新是複雜、昂貴、且高風險的活動，並且存在外部性，研發合作為促使企業從事創新的重要機制。本研究目的在於延伸過去理論性架構與實證研究，建立研發合作—創新—財務績效價值鏈。以下為研究問題： 1.吸收能力、知識外溢、與不確定性是否會影響研發合作的頻率？ 2.研發合作是否可以提高研發投資、研發產出、與財務績效？ 3.不同的研發合作型態如何影響研發合作的決定因素？ 4.不同的研發合作型態如何影響研發合作的績效？ 5.研發合作與財務績效的關係是否會受到研發投資與研發產出的中介影響？ 本研究採用 two-industry, n-firm-per-industry Cournot 競爭模型探討研發合作、研發投資（創新之投入面）、研發產出（創新之產出面—非財務績效）、與財務績效的關係，並以台灣高科技產業為研究對象進行實證分析。對於台灣高科技產業的研發合作與創新活動，研究結果提供學術界與企業界更完整且廣泛的觀點。 實證結果支持公司擁有較高吸收能力的員工是從事研發合作的決定因素之一。另外，知識外溢的提高，亦將促使高科技公司進行研發合作。而在高度吸收能力與知識外溢下，公司採行一般合作之頻率較其他合作模式高。 另外，實證結果也發現研發合作的確鼓勵台灣高科技產業的公司進行更多研發的投資，並且持續創造較高的研發產出與財務績效。相對於其他合作型態，一般合作可以創造較高的研發產出與財務績效，因此為較佳的合作模式。而由於市場競爭的本質，使得水平合作公司之研發投資較垂直合作與一般合作少。最後，僅有研發投資並不足以提升公司的績效與維持競爭優勢，研發合作公司的創新能力與研發產出才是獲利力的決定因素。 / Innovation is complex, costly, and risky and incurs externalities. R&D cooperation is thus a proper mechanism to encourage firms to innovate. The purposes of this dissertation are to extend the prior theoretical framework and empirical studies to establish a research framework for the R&D cooperation—innovation—financial performance chain. The research questions are as follows: 1.Do absorptive capacity, knowledge spillovers, and uncertainty affect the intensity of R&D cooperation? 2.Does R&D cooperation result in higher R&D investments, R&D outputs, and financial performance? 3.How do different R&D cooperation types influence the determinants of R&D cooperation? 4.How do different R&D cooperation types influence the performance of R&D cooperation? 5.Is the effect of R&D cooperation on financial performance mediated by R&D investments and R&D outputs? In this dissertation I apply the two-industry, n-firm-per-industry Cournot competition models to theoretically examine the relationship between R&D cooperation, R&D investments (input perspective of innovation), R&D outputs (output perspective of innovation—non-financial performance), and financial performance. I then use Taiwan’s high-technology industry as a research sample and empirically test my research hypotheses. The results provide academia and practitioners with a more comprehensive view of R&D cooperation and innovation activity among Taiwan’s high-technology industries. The empirical results support the argument that absorptive capacity has a positive impact on the frequency of R&D cooperation in high-technology industry. In addition, an increase in knowledge spillovers also tends to increase intensity to collaborate in R&D. Under high absorptive capacity and knowledge spillover, generalized R&D cooperation is preferred to other cooperative models. The empirical results also show that R&D cooperation does encourage Taiwan’s high-technology firms to invest more resources in R&D, and leads to higher R&D outputs and financial performance under the characteristic of high knowledge spillovers. Relative to other cooperation types, generalized cooperation leads to higher R&D outputs and financial performance and is a superior cooperative model. Due to the nature of market competition, horizontal cooperative firms are not willing to invest too much in R&D relative to vertical cooperation and generalized cooperation. Finally, simply investing in R&D alone is not enough to achieve breakthrough performance and sustain a competitive advantage. The ability to innovate and generate R&D outputs determines the profitability of the cooperative company.