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Accurate and timely foresight of future trends and changes in science and technology (S&T) is a key to national competitiveness. The purpose of this paper is to describe recent technological foresight conducted by the Technology Foresight Center at the Korea Institute of Science and Technology Evaluation and Planning. The authors also address current issues and problems encountered in the process of technology foresight (TF) in Korea.

The authors used TF methodologies which included bibliometrics, expert panels, SWOT analysis, and conferences/seminars.

The authors derived 20 future issues and 40 future needs in S&T from the five areas of global mega trends; then 200 future technologies were suggested with a time horizon of 40 years, from 2010 to 2050, for solving those future issues and needs. Finally, the authors suggested outlooks for technological development in the years 2020 and 2050.

It is time to evaluate Korean TF exercises which were started 15 years ago. The evaluation of TF will help guide TF and inform policy and decision makers.

The findings can help policy makers shape future governmental S&T policy in Korea. The final result of this work was applied to the second S&T Framework Plan in Korea, in which 90 technologies were identified as national key technologies for the next five years, from 2008 to 2012.

To the best of the authors' knowledge, there are no studies suggesting not only future technologies based on solving future issues and needs but also outlooks for technology development in the years 2020 and 2050.

This paper aims to study the validity of potential factors that might affect US information and communication technology (ICT) holders' choice of foreign licensing partners.

This study focuses on ICT industry. The sample firms for this study are drawn from the SDC by Thomson Financial and this sample was used to construct a data in which a unit of observation is the unique US licensor – foreign licensee pair, or a dyad. The hypotheses are tested using the random-effects logit model.

The important explanatory factors relate to the knowledge appropriability and the level of economics freedom of a licensee's country, and familiarity between partners through prior licensing agreements. Market similarity between partners, however, appears to be an insignificant factor.

The findings suggest that transaction cost, competition, and national absorb capacity considerations weigh in heavily in explaining firms' choice of foreign licensing partners.

The paper makes an important contribution to licensing literature as the understanding of what drives partner choice is still sparse. Especially, the paper makes a uniqueness of dealing with international technology licensing.

The purpose of this paper is to present how the past, Fayol's principles of management, is applied to the present, Porter's competitive strategies – cost leadership and differentiation – and in turn how the understanding of this connection between the past and present directs the future development of firms.

This study explores which of Fayol's principles can be matched to Porter's cost‐leadership or differentiation strategy in terms of strategy implementation.

The paper finds that the principles of division of work, authority and responsibility, unity of command, unity of direction and scalar chain are useful in the implementation of a cost leadership strategy but other, more modern alternative principles apply for differentiation strategy. Likewise, the three principles of stability of tenure of personnel, initiative and esprit de corps apply to the implementation of differentiation strategy, but not to cost leadership, where, again, alternative principles apply. The remaining six principles of discipline, subordination of individual interests to the general interest, remuneration, centralization, order and equity are applicable to implementation of both.

By melding the past with the future, it shows that the flexible use of Fayol's principles in an integrated manner lays the foundation for the successful implementation of competitive strategies and the future development of firms.

This study documents the flexible use of Fayol's principles, an issue that has received modest attention in the literature. It also adds to the literature on the potential implication of Fayol's work for successfully implementing competitive strategies.

Virtual reality (VR) for product assembly has been studied for more than 20 years but its practical application in industry is still very much in its infancy. Haptics is a new and important interaction method for VR and a strong and growing research area, however, it still remains a virtually unknown concept for industrial application.

This paper provides a comprehensive survey of VR and haptics for product assembly, from rigid parts to soft cables.

Some new ideas and research progresses in recent years are especially investigated. First the concepts and classifications of virtual assembly are introduced and the different virtual environment systems for product assembly are discussed. Then the major research groups, typical systems and major research issues are explored in detail, treating rigid parts and soft cables separately. Lastly, the barriers preventing successful application of virtual assembly are discussed and future research directions are also summarized.

The paper provides an overview and analysis of VR and haptics for product assembly, including both rigid parts and soft cables.

Examines the fifthteenth published year of the ITCRR. Runs the whole gamut of textile innovation, research and testing, some of which investigates hitherto untouched aspects. Subjects discussed include cotton fabric processing, asbestos substitutes, textile adjuncts to cardiovascular surgery, wet textile processes, hand evaluation, nanotechnology, thermoplastic composites, robotic ironing, protective clothing (agricultural and industrial), ecological aspects of fibre properties – to name but a few! There would appear to be no limit to the future potential for textile applications.