Small and Medium Venture Companies’ Exterior Information Network Heterogeneity and New Technology Development Capability: The Mediating Role of Product Planning Capability

Enterprises’ new technology development capability is essential for creating successful product innovation and process innovation in the heavy competition in the business context changing quickly with technology convergence and development. Based on the open innovation perspective, this research develops a research model about the direct effect of small and medium venture companies’ exterior information network heterogeneity on their new technology development capability and the mediating impact of their product planning capability on this direct effect. This study statistically tests the research model by using the ordinary least squares regression with the 683 small and medium venture companies, providing two major findings as follows. One finding is that small and medium venture companies’ exterior information network heterogeneity positively impacts their new technology development capability. The other finding is that small and medium venture companies’ product planning capability perfectly mediates the positive effect of their exterior information network heterogeneity on their new technology development capability.