This study examines the impact of utilization of government technology support program on the performance of Korean SMEs. Despite the existence of various types of government technology support programs and differences in the purpose of technology development among firms, prior studies have not shown sound results that reflects these characteristics. The analysis of Korean SMEs shows that the utilization of technology support program for SMEs is positively related to their performance measured as satisfaction on the program. We also found that the performance of SMEs' utilization of technology support program may vary depending on the SMEs' innovation orientation. Explorative innovation enhance the positive relationships between the utilization of technology support program and performance. Exploitative innovation attenuate the relationships between the utilization of technology support program and performance. On the other hand, neither the independent effect of the utilization of technology support projects nor the moderating effect of the purpose of technology development showed a significant effect on the financial performance of SMEs. This paper suggests the theoretical and practical implications and future researches.

Recent government initiatives have allocated substantial budgets and implemented various support systems to foster small and medium-sized enterprises (SMEs). While numerous studies have been conducted to verify the effectiveness of these policy efforts, there is a paucity of research on enhancing policy efficacy through different support methods within the same support system. This study empirically analyzes the differences in corporate performance based on support methods (frequency and duration of support) for 101 companies that received assistance through the export voucher system, which has been evaluated as successful. Our research demonstrates that the frequency and method of support have disparate impacts on performance. Notably, we found that frequent and customized support for companies with high growth potential is more effective than large-scale, one-time assistance. This finding suggests the importance of tailored support for efficient resource utilization. It implies that by providing frequent and intensive short-term support in areas crucial to SMEs, we can enhance productivity in alignment with resource utilization objectives. The study reveals that the frequency and method of support have distinct effects on outcomes. Specifically, it was discovered that providing frequent and customized support to companies with high growth potential is more effective than large-scale, one-time assistance. This underscores the significance of tailored support for efficient resource utilization, indicating that frequent and focused short-term assistance in critical areas for SMEs can enhance productivity in line with resource utilization objectives. This research offers valuable policy implications for improving SME support policies.

This study reinterpreted and expanded Nonaka and Takeuchi's SECI model within the context of technology ventures to propose a comprehensive knowledge management framework. Based on an extensive literature review, the four stages of the SECI model were reinterpreted in the context of technology ventures, and to validate the proposed framework, a survey was conducted with 131 CEOs of domestic technology ventures. The analysis results revealed that organizational culture (socialization) and knowledge management infrastructure (combination) had both direct and indirect significant effects on knowledge development capability (externalization) through the mediation of absorptive capacity (internalization). Furthermore, absorptive capacity showed a strong influence on both knowledge development capability and innovation capability, while knowledge development capability was found to have a significant impact on innovation capability. Based on these findings, this study suggests that to achieve successful innovation capabilities, technology ventures should foster entrepreneurial and innovation-oriented culture while simultaneously building robust knowledge management infrastructure, with a particular emphasis on enhancing employees' absorptive capacity. The study also highlighted the importance of empower ment and motivation in achieving these goals.