Innovation through accumulated experiences of creative trialanderror Professor JeongDong Lee Seoul National University leejdsnuackr KYUNGHYANG FORUM Sep 28 2016 Seoul Korea ID: 780574
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Slide1
Time for Creative Accumulation: Innovation through accumulated experiences of creative trial-and-error
Professor Jeong-Dong LeeSeoul National University(leejd@snu.ac.kr)
KYUNGHYANG FORUM, Sep. 28, 2016. Seoul, Korea
Slide2‹#›
Growth history of the Korean economy
Slide3Middle income trap...
‹#›Threshold of middle income trap
Only 13 countries out of the trap
Korea as one of the benchmarking cases
Slide4‹#›
Key questions regarding middle income trap
W
hy would most countries get trapped?
How did Korea escape from the trap?
What are the challenges of the Korean economy?
Answers based on the two kinds of concepts innovation capabilities
Slide5Two kinds of innovation capabilities
Concept design by developed countries‹#›
Implementation
by developing countries
Low
Middle
High
GDP per capita
Development stage
Implementation capability
Concept design capability
Slide6From implementation capability...
Learning-by-doing‹#›
Developing countries
Efficiency driven, speed, minimal error
Manual and benchmarking information-based
Slide7To concept design capability...
Learning-by-building‹#›
Developed
countries Differentiation driven, creative tacit knowledge
Accumulated experience of creative trial-and-error
Slide8Source of middle income trap
Difficult to move from implementation to concept design capabilites ‹#›
Middle income trap due to middle innovation trap
Low
Middle
High
GDP per capita
Implementation capability
Concept design capability
Key difference: Trial-and-error
Accumulation of t
rial-and-error
Slide9How to acquire concept design capability
...Accumulation of trial-and-error
‹#›
Challenging vision Global network
CDMA, Alpah-Engine, DRAM, Display, etc.
Slide10Three ways to get concept design capability
Policy by Korea‹#›
Time
by Japan Space
by China
Critical amount of accumulated experience of trial and error
Time
Space
Japan
China
Korea
Slide11Current challenges of the Korean industry
Uneven capabilities across companies‹#›
Lock-in effect from the successful implementation strategy
Low
Middle
High
GDP per capita
Development stage
Decreasing concept design capability
Implementation capability
Concept design capability
Slide12‹#›
Lessons from the Korean experience
Acquire concept design capability to get out of middle income trap
Possibility of decreasing concept design capability
Need trial-and-error and long-term perspective
Need for innovation commons to support concept design capability
Unique value of the Korean development experience
Slide13Innovation commons for concept design cap.
Appropriate culture to promote creative challenge and tolerate trial and error
‹#›
Strong manufacturing base as a physical platform of creative trial and error
Learning capability
to nurture human capital with accumulated experience of creative trial and error
Coherent innovation policy to share risks associated with entreprenurial tral and error
Slide14Time for Creative Accumulation:
Innovation through accumulated experiences of creative trial-and-error‹#›
Welcome and Enjoy!
감사합니다 = Thank you