A Study on Effects of Regional Innovation Environment on Regional Development Outcome in 4th Industrial Revolution

November 30, 2021  |  Vol.7, No.11  |  PP. 81-90  | PDF

AUTHORS:

Jaebum Hong, Division of Business, Pukyong National University, Korea

Changsun Yum, Division of Business, Pukyong National University, Korea

Jaekyun Jun, Division of Business, Pukyong National University, Korea

Hakyun Kim, Division of Business, Pukyong National University, Korea

KEYWORDS:

External Environment, Internal Environment, Public Sector Environment, Opportunity Seizing, Process Improvement

Abstract

It can be said that the 4th industrial revolution is essential for regional development as it has a profound impact on society, economy and business. This 4th industry can innovatively develop the region. Various start-up companies around the world are growing into global companies and there is a lot of interest in wanting to become leaders of these companies. Analysis of society as a whole using big data has been attempted from a different perspective and is becoming an issue. Services founded on the artificial intelligence and Internet of Things are being introduced worldwide. As this paradigm shift is rapidly increasing, the speed of change is rapidly increasing. In order to achieve regional development results, changes in the local innovation environment will have a profound impact. The purpose of this research is to investigate the association between regional growth creation and regional development performance on the regional innovation environment. For questionnaire analysis, SPSS 22.0, a statistical package, was used for basic statistical analysis. Hypothesis testing was performed using the structural equation package Smart PLS 2.0. Factors that determine the regional innovation environment are divided into startup discovery, big data connection, and IOT technology infrastructure creation. A summary of the study follows. First, the discovery of startups had a significant effect on the creation of regional growth. Second, big data linkage had a significant effect on regional growth creation. Third, the establishment of the IOT technology base had a significant effect on the creation of regional growth. Fourth, regional growth creation had a significant effect on regional development performance.

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Citations:

APA:
Hong, J., Yum, C., Jun, J., Kim, H. (2021). A Study on Effects of Regional Innovation Environment on Regional Development Outcome in 4th Industrial Revolution. Asia-pacific Journal of Convergent Research Interchange (APJCRI), ISSN: 2508-9080 (Print); 2671-5325 (Online), FuCoS, 7(11), 81-90. doi: 10.47116/apjcri.2021.11.07

MLA:
Hong, Jaebum, et al. “A Study on Effects of Regional Innovation Environment on Regional Development Outcome in 4th Industrial Revolution.” Asia-pacific Journal of Convergent Research Interchange, ISSN: 2508-9080 (Print); 2671-5325 (Online), FuCoS, vol. 7, no. 11, 2021, pp. 81-90. APJCRI, http://fucos.or.kr/journal/APJCRI/Articles/v7n11/7.html.

IEEE:
[1] J. Hong, C. Yum, J. Jum, H. Kim, “A Study on Effects of Regional Innovation Environment on Regional Development Outcome in 4th Industrial Revolution.” Asia-pacific Journal of Convergent Research Interchange (APJCRI), ISSN: 2508-9080 (Print); 2671-5325 (Online), FuCoS, vol. 7, no. 11, pp. 81-90, November 2021.

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