조직의 여유자원이 혁신활동에 미치는 영향: 1996-2017까지 우리나라 기업을 대상으로

김국일(Kim Guk Il),권석균(Kwun Seog Kyeun) 한국인사관리학회 2018 조직과 인사관리연구 Vol.42 No.4

조직 여유자원(organizational slack)은 혁신활동의 중요한 원천으로 알려져 있다. 그러나 그 효과성에 대해서는 혼재된 주장들이 존재한다. 특히 재무적 여유자원(financial slack)과 인적 여유자원(human resource slack)은 그 속성이 이질적임에도 불구하고 이들 여유자원이 혁신활동에 미치는 영향에 대한 비교연구는 찾기 어렵다. 본 연구의 목적은 이질적인 자원특성을 지닌 재무적 여유자원과 인적 여유자원이 기업의 혁신활동에 미치는 독립적인 효과와 상호작용 효과를 실증하는데 있다. 이를 위해 설명변수는 1996년부터 2016년까지, 그리고 종속변수는 1997년부터 2017년까지 1년 시차(1-year time lag) 모형을 설계하여 과거 21년간 우리나라 비금융 외감업체 23,541개사, 257,272개 기업-연도 관측치를 분석에 활용하였다. 분석 결과, 재무적 여유자원과 인적 여유자원은 이질적인 특성에도 불구하고 양자 모두 혁신활동에 역U자형의 비선형적인 영향을 미치는 것으로 나타났다. 이는 개별적 차원에서 재무적 여유자원 또는 인적 여유자원을 각각 너무 적거나 너무 많이 보유하는 것은 혁신활동을 위축시킬 수 있다는 것을 의미한다. 한편, 두 여유자원의 상호작용항은 혁신활동에 정(+)의 영향을 미치는 것으로 나타났다. 추가적인 분석에서도 자원풍요 기업(양자 모두 산업평균 이상인 기업)은 자원제약 기업(양자 모두 산업평균 이하인 기업) 혹은 선별적 자원제약 기업(하나는 산업평균 이상, 다른 하나는 산업평균 이하인 기업)에 비해 혁신활동에 더 긍정적인 영향을 미치는 것으로 나타났다. 이는 개별 차원에서는 두 여유자원이 각각 역U자 형태의 비선형성을 보였으나, 두 여유자원이 번들(bundle)로 서로 묶이게 되면 상호작용을 통해 각각의 여유자원이 혁신활동에 미치는 긍정적인 영향은 강화되고, 부정적인 영향은 완화되는 시너지 효과를 갖는다는 것을 의미한다. 본 연구의 결과는 기업이 혁신성을 강화하기 위해서는 각각의 여유자원을 적정 수준에서 관리해야 한다는 점, 그러나 번들로 묶일 경우에는 두 여유자원을 동시에 많이 보유하더라도 개별 여유자원의 비선형성이 완화되어 혁신활동에 도움이 된다는 사실을 확인하였다는 점에서 경영상의 여유자원 관리에 도움이 될 것이다. Organizational slack is one of the core determinants of innovative activity. But there are mixed claims about its effectiveness. In particular, although the attributes of financial slack and human resource slack are heterogeneous, it is hard to find comparative studies on the effect of these resources on innovative activity. This study aims to demonstrate the separate and interaction effects of financial and human resources slack on the firms’ innovative activity. For this, we adopted a 1-year time lag model for the independent and control variables from year 1996 to 2016 and the dependent variable from year 1997 to 2017. Longitudinal data were analyzed for 23,541 nonfinancial external auditing firms and 257,272 firm-year observations. After suffering the Asian financial crisis in late 1990s, the Korean companies converted their management paradigm from the pursuit of external growth through loans to the long-term survival through profit management. Using this new management paradigm, the companies have put more emphasis on organization capability to accumulate and utilize organizational slack resources than in the past. Accordingly, the research target and research period for this study would be very timely considering the relationship between slack resources and innovative activity. Causal relationships between slack resources and innovation activities have been analyzed using generalized estimation equations(GEE). The hypotheses are suggested as follows. H1. Financial slack will have the effect on the innovative activity in an inverted U-shaped curvilinear manner. H2. Human resource slack will have the effect on the innovative activity in an inverted U-shaped curvilinear manner. H3. The interaction term of financial slack and human resource slack will have the positive effect on the innovative activity. The findings of this study are as follows. First, financial slack has had a significant impact on the innovative activity in a inverted U-shaped curvilinear manner. Therefore, Hypothesis 1 was supported. Second, human resource slack also showed a significant effect on the innovative activity in a inverted U-shaped curvilinear manner as suggested in Hypothesis 2. Third, the interaction between financial slack and human resource slack exerted a positive significant effect on the innovative activity, confirming Hypothesis 3. In summary, the results of this study indicate that in order to strengthen the innovative activity, firms should have moderate levels of financial slack and human resource slack. This study suggests that the accumulation of slack resources should be managed as a bundle, not separately, to capitalize the interaction effect of the two slack variables on the innovative activity. Based on these findings, the paper explores relevant theoretical, practical, and methodological implications, and also future research directions.

Effect of Individual's Learning Organization on Knowledge Management and Innovative Behavior - Comparative Analysis on the Employees in Service, Production, and IT -

Ryu, Yeon Hwa,Song, Kyung Soo 한국인적자원관리학회 2015 인적자원관리연구 Vol.22 No.3

본 연구는 개인의 학습조직활동이 지식경영활동과 혁신행동에 미치는 영향에 대하여 분석한 실증연구 이다. 이를 위한 연구 방법으로서 본 논문은 서비스/제조/IT 대기업 종사자를 대상으로 설문조사를 실시 하였고, 이를 토대로 산업별 변수 간의 관계에 대하여 비교·분석하였다. 본 연구에서 사용한 용어에 대한 정의를 살펴보면, 혁신행동은 새로운 공정 혹은 제품 아이디어를 찾고 개발하며, 아이디어를 실행하기 위해 필요한 자금을 확보하고, 적합한 실행 계획과 일정을 수립하고 스케 줄을 개발하는 행동을 의미한다. 급변하는 경영환경 속에서 기업이 지속적인 경쟁우위를 획득하기 위해 서는 다양한 방법으로 조직의 변화와 혁신을 추구하여야 하며, 이러한 혁신행동의 선행요인으로서 지식 경영활동과 학습조직활동이 중요하게 인지되었다. 이상과 같이 실시된 연구 결과를 종합하여 살펴보면, 서비스업과 제조업, IT업은 개인의 학습조직 활동 이 지식경영활동과 혁신행동에 모두 유의한 영향을 미치는 것으로 나타났다. 또한 지식경영활동도 혁신 행동에 유의한 영향을 미치는 것으로 나타났다. 각 집단 별로 분석해보면, 개인의 학습조직활동이 지식경 영활동에 미치는 영향에서는 제조업이 가장 큰 것으로 나타났다. 또한 지식경영활동이 혁신행동에 미치 는 영향에 있어서는 IT업이 가장 큰 것으로 나타났고, 개인의 학습조직활동이 혁신행동에 미치는 영향에 서는 제조업이 가장 큰 것으로 나타났다. 마지막으로 위와 같은 분석결과를 토대로, 본 연구는 학습조직활 동이 산업별 종사자들에게 미치는 차이점과 변수 간의 관계에 대하여 중점적으로 논의하였고 그 원인을 제시하였다. This is an empirical study analyzing the effects of individual's learning organization activity on knowledge management activity and innovative behavior. In this study, a survey was conducted on the employees of large business organizations in the fields of services, productions, and IT, and relationship between the variables among different industries was compared and analyzed. Among the terminologies used in this study, the innovative behavior indicates the following: seeking and developing new process or product ideas, obtaining necessary budget for executing the ideas, and establishing appropriate execution plan and developing schedule. In order to secure competitive advantage in this quickly advancing business environment, various methods should be used to promote innovations and organizational changes. The important antecedents of these innovative behaviors can be known as knowledge management activity and learning organization activity. As a result of this study, the individual learning organization activity was shown to have a significant effect on knowledge management activity and innovative behavior, in the fields of services, production, and IT. Also, the knowledge management activity had significant effect on the innovative behavior. According to the analysis by each group, the effect of individual learning organization activity on knowledge management activity was shown to be greatest in the field of production. Also, the effect of knowledge management activity on innovative behavior was shown to be greatest in the field of IT. Finally, the effect of individual learning organization activity on innovative behavior was shown to be greatest in the field of production. Based on the above analysis, this study examined the relationship between the differences and the variables of the effects of learning organization activity on employees of each field, and its causes were suggested

기술혁신활동이 부도위험에 미치는 영향: 한국 유가증권시장 및 코스닥시장 상장기업을 중심으로

김진수 ( Jin Su Kim ) 기술경영경제학회 2009 Journal of Technology Innovation Vol.17 No.2

기술혁신활동은 타 기업에 대한 진입장벽 구축, 공정개선 및 신제품 개발을 가능하게 함으로써 이익의 증대, 안정적 수익원의 확보 및 매출액의 증대를 가능하게 한다. 또 한 기존 기업에게 신기술에 대한 대응력과 내재되어 있는 역량의 증대를 가능하게 함으로써 생존의 기회를 부여한다. 따라서 기술혁신활동은 부도위험을 줄일 수 있다. 그러나 기술혁신 활동은 많은 자원의 투입을 필요로 함과 동시에 이에 내재된 성공의 불확실성으로 말미암아 오히려 기업의 부도위험을 증가시킬 수 있다. 이에 본 연구는 기업의 기술혁신활동이 부도위험에 미치는 영향을 분석하고자 한다. 기술혁신활동이 부도위험에 미치는 영향의 분석을 위해 본 연구는 2000년부터 2008년 까지 한국거래소 유가증권시장과 코스닥시장에 계속 상장된 기업으로 산업분류 상 제조업을 영위하는 기업을 대상으로 하였다. 기술혁신활동의 대용변수는 기존 연구에서 많이 이용되고 있는 연구개발집약도를, 부도위험의 대용변수는 Black & Scholes(1973)의 유럽형 콜옵션 가격결정모형에 기반한 Merton(1974)의 타인자본가격결정모형을 이용하여 측정된 부도확률을 각각 사용하였다. 추가적으로 부도위험의 대용변수로써 KIS 신용평점을 이용하여 강건성 검정을 실시하였으며, 주요 실증분석 결과는 다음과 같다. 첫째, 전체표본과 이를 유가증권시장표본 및 코스닥시장표본으로 나누어 분석한 결과 모든 표본에 있어 기술혁신활동의 대용변수인 연구개발집약도는 1% 수준에서 유의한 음(-)의 회귀계수를 보였다. 기업의 소속 시장 여부와 관계없이 기술혁신활동이 부도위험을 낮추는 중요한 변수임을 알 수 있었다. 둘째, 전체표본을 기업규모(대기업표본 및 중소기업표본), 기업연령(상위 50% 표본 및 하위 50% 표본) 및 신용평점(10~6점 표본 및 5~1점 표본)에 따라 분류하여 분석한 결과 모든 표본에 있어 연구개발집약도의 회귀계수는 유의수준에서 다소 차이를 보일 뿐 음(-)의 유의한 값을 보였다. 기업규모, 기업연령 및 신용평점의 정도와 관계없이 기술혁신활동이 증가할수록 부도위험이 감소함을 확인하였다. 셋째, 연구개발비는 자산과 비용으로 처리되는 그 여부와 관계없이 모두 부도위험과 음(-)의 유의한 관계를 가짐을 확인하였다. 또한 KIS 신용평점을 이용하여 분석한 강건성 검정 결과 기업의 소속 시장 여부와 관계없이 기술혁신활동이 부도위험을 낮추는 중요한 변수임을 거듭 확인할 수 있었다. 실증분석결과 본 연구는 기술혁신활동이 부도위험을 감소시키는 중요한 변수임을 확인하였다. 기업의 부도위험을 낮추기 위해 경영자는 기술혁신활동에 대한 지속적인 관심과 투자가 필요하겠으며, 국가의 기업지원 방향 역시 기업의 기술혁신활동을 촉진할 수 있도록 설계 되어야 하겠다. Technology innovation activity plays a pivotal role in constructing the entrance barrier for other firms and making process improvement and new product. and these activities give a profit increase and growth to firms. Thus, technology innovation activity can reduce the default risk of firms. However, technology innovation activity can also increase the firm`s default risk because technology innovation activity requires too much investment of the firm`s resources and has the uncertainty on success. The purpose of this study is to examine the effect of technology innovation activity on the default risk of firms. This study`s sample consists of manufacturing firms listed on the Korea Securities Market and The Kosdaq Market from January 1,2000 to December 31, 2008. This study makes use of R&D intensity as an proxy variable of technology innovation activity. The default probability which proxies the default risk of firms is measured by the Merton`s(1974) debt pricing model. The main empirical results are as follows. First, from the empirical results, it is found that technology innovation activity has a negative and significant effect on the default risk of firms independent of the Korea Securities Market and Kosdaq Market. In other words, technology innovation activity reduces the default risk of firms. Second, technology innovation activity reduces the default risk of firms independent of firm size, firm age, and credit score. Third, the results of robust analysis also show that technology innovation activity is the important factor which decreases the default risk of firms. These results imply that a manager must show continuous interest and investment in technology innovation activity of one`s firm. And a policymaker also need design an economic policy to promote the technology innovation activity of firms.

An Empirical Study on the Correlation among Innovative Strategies, Motivation, Level of Implementing Innovative Activities and Business Performance in Taiwan`s High-tech Manufacturers

Yi Chan Chung,Yao Wen Hsu,Chung Ching Chiu,Ching Piao Chen,Chih Hung Tsai 한국품질경영학회 2008 The Asian Journal on Quality Vol.9 No.3

This study explores the influence of Taiwan`s high-tech manufacturers` innovative strategy and innovation motivation concerning the implementation of innovative activities, as well as the influence of innovative activities implementation on business performance. The two intermediate variables, industry group and enterprise scale are also considered. Through a review of the relevant literature, a theoretical model of the influence relationship is developed, while an empirical analysis is simultaneously conducted on Taiwan`s high-tech manufacturers. The research result shows that the internal driving force of innovative activities has a significant impact on the level of implementing technological innovative activities and cultural innovative activities. The external driving force of innovative activities has a significant impact on the level of implementing market innovative activities and management innovative activities. Companies adopting self-developed technology and purchased as well as self-developed technology strategies, perform better than those adopting purchased new technology or those with neither purchased nor self-developed technology strategies, at implementing technological innovative activities and cultural innovative activities. The level of implementing innovative activities has a significant influence on business performance (cost reduction and product/service differentiation). For the intermediate variables of "industry group" and "enterprise scale", it is proven in this study that they have no significant influence on the level of innovative activity implementation or business performance.

Effect of Individual's Learning Organization on Knowledge Management and Innovative Behavior - Comparative Analysis on the Employees in Service, Production, and IT -

류연화,송경수 한국인적자원관리학회 2015 인적자원관리연구 Vol.22 No.3

This is an empirical study analyzing the effects of individual's learning organization activity on knowledge management activity and innovative behavior. In this study, a survey was conducted on the employees of large business organizations in the fields of services, productions, and IT, and relationship between the variables among different industries was compared and analyzed. Among the terminologies used in this study, the innovative behavior indicates the following: seeking and developing new process or product ideas, obtaining necessary budget for executing the ideas, and establishing appropriate execution plan and developing schedule. In order to secure competitive advantage in this quickly advancing business environment, various methods should be used to promote innovations and organizational changes. The important antecedents of these innovative behaviors can be known as knowledge management activity and learning organization activity. As a result of this study, the individual learning organization activity was shown to have a significant effect on knowledge management activity and innovative behavior, in the fields of services, production, and IT. Also, the knowledge management activity had significant effect on the innovative behavior. According to the analysis by each group, the effect of individual learning organization activity on knowledge management activity was shown to be greatest in the field of production. Also, the effect of knowledge management activity on innovative behavior was shown to be greatest in the field of IT. Finally, the effect of individual learning organization activity on innovative behavior was shown to be greatest in the field of production. Based on the above analysis, this study examined the relationship between the differences and the variables of the effects of learning organization activity on employees of each field, and its causes were suggested.

An Empirical Study on the Correlation among Innovative Strategies, Motivation, Level of Implementing Innovative Activities and Business Performance in Taiwan's High-tech Manufacturers

Chung, Yi-Chan,Hsu, Yao-Wen,Chiu, Chung-Ching,Chen, Ching-Piao,Tsai, Chih-Hung The Korean Society for Quality Management 2008 The Asian Journal on Quality Vol.9 No.3

This study explores the influence of Taiwan's high-tech manufacturers' innovative strategy and innovation motivation concerning the implementation of innovative activities, as well as the influence of innovative activities implementation on business performance. The two intermediate variables, industry group and enterprise scale are also considered. Through a review of the relevant literature, a theoretical model of the influence relationship is developed, while an empirical analysis is simultaneously conducted on Taiwan's high-tech manufacturers. The research result shows that the internal driving force of innovative activities has a significant impact on the level of implementing technological innovative activities and cultural innovative activities. The external driving force of innovative activities has a significant impact on the level of implementing market innovative activities and management innovative activities. Companies adopting self-developed technology and purchased as well as self-developed technology strategies, perform better than those adopting purchased new technology or those with neither purchased nor self-developed technology strategies, at implementing technological innovative activities and cultural innovative activities. The level of implementing innovative activities has a significant influence on business performance (cost reduction and product/service differentiation). For the intermediate variables of "industry group" and "enterprise scale", it is proven in this study that they have no significant influence on the level of innovative activity implementation or business performance.

Effect of Individual's Learning Organization on Knowledge Management and Innovative Behavior : Comparative Analysis on the Employees in Service, Production, and IT

Ryu Yeon Hwa,Song Kyung Soo 한국인적자원관리학회 2015 인적자원관리연구 Vol.22 No.3

본 연구는 개인의 학습조직활동이 지식경영활동과 혁신행동에 미치는 영향에 대하여 분석한 실증연구이다. 이를 위한 연구 방법으로서 본 논문은 서비스/제조/IT 대기업 종사자를 대상으로 설문조사를 실시하였고, 이를 토대로 산업별 변수 간의 관계에 대하여 비교 · 분석하였다. 본 연구에서 사용한 용어에 대한 정의를 살펴보면, 혁신행동은 새로운 공정 혹은 제품 아이디어를 찾고 개발하며, 아이디어를 실행하기 위해 필요한 자금을 확보하고, 적합한 실행 계획과 일정을 수립하고 스케줄을 개발하는 행동을 의미한다. 급변하는 경영환경 속에서 기업이 지속적인 경쟁우위를 획득하기 위해서는 다양한 방법으로 조직의 변화와 혁신을 추구하여야 하며, 이러한 혁신행동의 선행요인으로서 지식경영활동과 학습조직활동이 중요하게 인지되었다. 이상과 같이 실시된 연구 결과를 종합하여 살펴보면, 서비스업과 제조업, IT업은 개인의 학습조직 활동이 지식경영활동과 혁신행동에 모두 유의한 영향을 미치는 것으로 나타났다. 또한 지식경영활동도 혁신행동에 유의한 영향을 미치는 것으로 나타났다. 각 집단 별로 분석해보면, 개인의 학습조직활동이 지식경영활동에 미치는 영향에서는 제조업이 가장 큰 것으로 나타났다. 또한 지식경영활동이 혁신행동에 미치는 영향에 있어서는 IT업이 가장 큰 것으로 나타났고, 개인의 학습조직활동이 혁신행동에 미치는 영향에서는 제조업이 가장 큰 것으로 나타났다. 마지막으로 위와 같은 분석결과를 토대로, 본 연구는 학습조직활동이 산업별 종사자들에게 미치는 차이점과 변수 간의 관계에 대하여 중점적으로 논의하였고 그 원인을 제시하였다. This is an empirical study analyzing the effects of individual's learning organization activity on knowledge management activity and innovative behavior. In this study, a survey was conducted on the employees of large business organizations in the fields of services, productions, and IT, and relationship between the variables among different industries was compared and analyzed. Among the terminologies used in this study, the innovative behavior indicates the following: seeking and developing new process or product ideas, obtaining necessary budget for executing the ideas, and establishing appropriate execution plan and developing schedule. In order to secure competitive advantage in this quickly advancing business environment, various methods should be used to promote innovations and organizational changes. The important antecedents of these innovative behaviors can be known as knowledge management activity and learning organization activity. As a result of this study, the individual learning organization activity was shown to have a significant effect on knowledge management activity and innovative behavior, in the fields of services, production, and IT. Also, the knowledge management activity had significant effect on the innovative behavior. According to the analysis by each group, the effect of individual learning organization activity on knowledge management activity was shown to be greatest in the field of production. Also, the effect of knowledge management activity on innovative behavior was shown to be greatest in the field of IT. Finally, the effect of individual learning organization activity on innovative behavior was shown to be greatest in the field of production. Based on the above analysis, this study examined the relationship between the differences and the variables of the effects of learning organization activity on employees of each field, and its causes were suggested.

기업규모, 네트워크, 그리고 기술혁신: 우리나라 제조업에 대한 실증 분석

성태경 기술경영경제학회 2005 Journal of Technology Innovation Vol.13 No.3

This paper analyzes the determinants of firm`s innovative activity, using Korean Innovation Survey (KIS) dataset. Especially, we focused on the role of external networks by partners(other firms or research institutions) in performing innovative activities. The product innovation, product improvement, and process innovation are used as proxies for innovative activity. The explanatory variables such as market concentration ratio, lagged profitability, foreign ownership, export ratio, firm`s age, formal R&D activity, and industrial R&D intensity are also considered. With data from 1,124 firms for the two years (2000-2001), we estimated the logistic regression model. The finding is that the determinants of firm`s innovative activities differ by type of innovations. We also found that the innovative behavior of SMEs differs from that of large firms. The result confirms that external networks have a strong positive effect on innovative activity. However, the network effects by partners vary across both firm size and type of innovations.

기술혁신과정에서 판매담당 조직구성원의 혁신적 활동에 관한 연구

송기탁 ( Kitak Song ),임채성 ( Chaisung Lim ) 한국생산성학회 2016 生産性論集 Vol.30 No.3

It is well known that dealing with technical aspects of new product idea is a core role to R&D. On the other hand, the core role of salespeople is to sell product or share customer``s technological needs to R&D people who are in charger of developing products. Although salespeople in high technology is also contributing by technological information and knowledge sharing, existing studies have not shown enough of factors which give positive effect on innovative activity in technology innovation process so far. So, the main goal of this study is to find out what factors can give positive effect on innovative activity. This study has been done by empirical study examining 121 semi-conductor salespeople in Korea. Several factors were also inspected which give positive impact on innovative activity like generation of technological idea for product. The first is salespeople``s competence(prior knowledge) and it gives positive impact on generation of technological idea for product. The second is salespeople``s informal R&D activity and it also gives positive impact on generation of technological idea for product. The contribution of this study is that it is clearly showed for salespeople to involve in technology innovation process. Especially, salespeople``s informal R&D activity gives positive effect on innovative activity is the most important study result. In addition, by extending the domain of R&D and applying it to salespeople, it was verified there is a positive causality between salespeople and innovative activity. So, further studies on innovative activities played by salespeople in technology innovation process are needed.

CEO의 내·외부 활동이 혁신과 경영성과에 미치는 영향에 대한 탐색적 연구

최성표(Sung-Pyo Choi),어수봉(Soo-Bong Uh) 한국산학기술학회 2016 한국산학기술학회논문지 Vol.17 No.11

본 연구는 기업에서 CEO의 내·외부 활동(정보, 지식경영, 학습조직)이 혁신활동(활용적, 탐색적)과 경영성과에 미치는 영향을 알아보기 위하여 국내 기업의 CEO 300명을 대상으로 설문조사를 토대로 통계분석을 하였다. 분석 결과 정보와 학습조직 활동은 활용적 혁신활동과 탐색적 혁신활동에 유의한 정(+)의 영향을 미치는 것으로 나타났으나, 지식경영 활동은 탐색적 혁신활동에서 통계적으로 유의미한 영향을 끼치지 못하였다. 또한, CEO 내⋅외부 활동에서 정보, 지식경영, 학습조직 활동의 영향을 받은 활용적, 탐색적 혁신활동은 기업의 경영성과에 유의한 정(+)의 영향을 미쳤으나 영향력의 세기는 차이를 보였다. 따라서 기업의 경영에서 CEO의 내·외부 활동 중에서 정보, 지식경영, 학습조직 활동에 의한 활용적 혁신과 탐색적 혁신활동 발현으로 경영성과를 극대화시키기 위한 모색은 선행 연구에서 지각된 활동을 기반으로 하여 기업의 경영 환경을 고려하여 유리한 활동을 추출하고 이를 경영 전략에 반영하는 것이 기업에서 최상의 경영성과 목표달성에 유리함을 본 연구결과에서 시사하고 있다. This study conducts statistical analysis based on a survey of 300 CEOs from Korean companies in order to examine the effects of a CEO"s internal?external activities (information, knowledge management, learning organization) on business innovation activity (exploitative, exploratory) and business performance. Analysis results show that learning organization activity had a significant positive (+) effect on exploitative and exploratory innovation activity. In addition, knowledge management activity lacked statistically significant effects on exploratory innovation activity. Furthermore , exploitative and exploratory innovation activity was affected by CEO"s internal?external activities (information, knowledge management, learning organization) and had a significant positive (+) effect on company"s business performance. but it was shown that the level of influence was different. Results of this study imply that maximizing business performance through developing innovation activity by CEO"s internal?external activities (information, knowledge management, learning organization) in the company, extracting activity advantageous to company"s business environment based on activity perceived in the precedent study and business strategy becomes advantageous to the attainment of business performance objectives.