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Performance Estimation of Venture Firms in the 4th Industrial Revolution: Efficiency of Software Ventures Firms
  • - Yeongjun Kim (Incheon National University)
  • - Changhee Kim (Incheon National University)
[Abstract]
In this study, We analyzed the efficiency of software venture firms and the impact of the sales structure on the efficiency of the business. We also analyzed efficiency distribution according to the level of competitiveness element of the business. According to efficiency analysis, five firms in the input-oriented CCR and 13 firms in the input-oriented BCC were the most efficient. According to Tobit regression, only primary and secondary vendors who deliver to large enterprises under significant levels of .05 were not significant, and software venture firms had the advantage of having B2C client when considering significant levels and coefficients. According to efficiency distribution comparison, the null hypotheses of quality competitiveness and marketing competitiveness were rejected. It was shown that firms that do not have very high quality competitiveness or marketing competitiveness have found it advantageous to increase efficiency through cost reduction.
Fostering Employee Innovative Behavior in Social Ventures and Social Enterprises: The Role of Commitment-based Human Resource Management and Social Mission
  • - Jeong Won Lee (Yonsei University)
  • - Youngjin Kim (Yonsei University)
[Abstract]
Unlike profit organizations, social ventures and social enterprises pursue social missions while simultaneously engaging in economic activities. They try to solve social problems with innovative approaches but usually operate with limited resources. Therefore, for social ventures to succeed, employees¡¯ intentional behaviors in generating and implementing creative ideas (i.e., innovative behaviors) are essential. Drawing on HRM literature and social identity theory, the present research examined the effects of commitment-based human resource management (CHRM) in fostering employees¡¯ innovative behaviors in social ventures along with the moderating effects of employees¡¯ perceptions of their organizations¡¯ social missions. Using survey data collected from 321 employees from 104 social ventures, this study yields several meaningful results. CHRM triggered positive impacts on both employee idea generation and implementation. Regarding the moderation effects of social missions, perception of organizations¡¯ pursuit of social missions significantly strengthened the effects of CHRM on both idea generation and idea implementation, while perception of organizations¡¯ success in carrying out social missions significantly strengthened the effect of CHRM on idea implementation but not the effect of CHRM on idea generation. These findings provide theoretical and practical implications and contribute to existing HRM and social venture literature.
A Study on the Activation Plan of SME Collaboration: Focused on Collaboration Special-Purpose Company
  • - Chi-Hun Yun (LetsFarm)
  • - Jae-Bum Hong (Pukyong National University)
[Abstract]
The rapid development of science and technology imposes Speed Agenda on business management. In response to this, cooperation among companies has become more important than ever. It is meaningful for SMEs whose business resources or core competencies are limited. Moon Jae-in Gov. has set up the task of strengthening competitiveness as a national task through business-to-business collaboration, and its representative means are collaboration special-purpose companies.
A collaborating company is one in which two or more SMEs establish a special purpose corporation by investing. In fact, the company does not establish a company but establishes a nominee company and establishes a business manager and an asset manager to manage the business. This method has the merit that it is possible to achieve meaningful project in the national economy because the project can be financed only by the division of the project from the company participating in the collaboration. In addition, there is an advantage in that it can eliminate opportunism and the conflict caused by sharing the existing shares among the companies participating in the collaboration.
In spite of the necessity of collaboration among SMEs, it is assumed that there is a lack of trust among companies. In contrast, Collaboration companies are already in operation in Italy (Network Contract Law), Japan(New Alliance business) and Korea (Culture industry SPC). it and needs to be implemented immediately.
A Study on the Perception of Entrepreneurial Environment and the Attitude of Entrepreneurs by Asian Countries: Comparative Analysis of China, Japan, Korea, and Singapore
  • - Jungmin Nam (Dankook University)
  • - Hwansoo Lee (Dankook University)
[Abstract]
The purpose and scope of this study is to analyze the perception of Entrepreneurial Environment that has been perceived by Entrepreneurs in 4 major Asian countries(China, Japan, Korea, and Singapore) to find out the way of making proper entrepreneurial environment. By examining how difference of perceptions on the entrepreneurial environment would affect entrepreneurial attitude such as entrepreneurial satisfaction, re-entrepreneurial will and opportunistic entrepreneurship focusing on legal and institutional environment, market environment, financial environment, and entrepreneurial infrastructure, the causal relationship between perception and attitude toward the entrepreneurial environment was identified. The main results of the study are as follows. The level of entrepreneurial perception on the entrepreneurial environment of Korea is at the lowest level (4th place) among the 4 Asian countries. The level of ¡®tax adequacy of founding companies¡¯, ¡®ease of investment¡¯, ¡®ease of investment recovery¡¯, ¡®ease of government funding¡¯, and level of ¡®national social safety device¡¯ are at the lowest level and ¡®ease of survival after start-up¡¯, and ¡®ease of technology transfer¡¯ remain in the middle level. The entrepreneur¡¯s perception of entrepreneurial environment also has a significant effect on entrepreneurial attitude and intention such as entrepreneurial satisfaction, re-entrepreneurial will and opportunistic entrepreneurship level.
A Study on the Entrepreneurial Intention Determinants of University Students¡¯: Mediating Effect of Social Support
  • - Chunho Kim (Soon Chun Hyang University)
  • - Yonho Yoo (Soon Chun Hyang University)
[Abstract]
The purpose of this study is to investigate the satisfaction of entrepreneurship education for potential students who are potential preliminary entrepreneurs in universities and the three variables of entrepreneurship support system in universities: entrepreneurship support system, entrepreneurship motivation, And how social support, which is psychological and social characteristics of the individual, has an effect on the causal relationship between the two. In order to clarify this, 160 students from four-year universities located in six cities (Seoul, Gyeonggi, Incheon, Chungcheong, Gangwon, Jeolla and Gyeongsang) were studied. First, the higher the degree of satisfaction with entrepreneurship education conducted by the university, the more significant the effect on the improvement of the entrepreneurial will. Second, support for entrepreneurship education and support for entrepreneurship commercialization have a significant effect on the will of entrepreneurship. In other words, theoretical education-oriented entrepreneurship education and commercialization support for implementing entrepreneurship seemed to be closely related to the cultivation of entrepreneurship of college students. Third, satisfaction of entrepreneurship education has a significant effect on social support. Fourth, motivation of entrepreneurs has a positive effect on social support. Fifth, it was confirmed that social support is mediating effect on the relationship between entrepreneurship satisfaction and entrepreneurship. Sixth, support for entrepreneurship education, entrepreneurship motivation, and entrepreneurship commercialization, which are sub - variables of entrepreneurship support system, were found to have mediating effects in the causal relationship with entrepreneurship intention. This study redefined the empirical study on the satisfaction of entrepreneurship education, entrepreneurship education, and the parametric social support and entrepreneurship of the university. The satisfaction of entrepreneurship education and entrepreneurship education contributed greatly to the increase of entrepreneurship of college students. As a result of the mediating effect of support, this study has significant significance in the academic contribution through the empirical examination that the entrepreneurship satisfaction and the entrepreneurship support system have a significant positive causal relationship with the entrepreneurial will.
A Study on the Countermeasure of Patent Risk Applying FMEA in Patent Strategy Framework of Small / Venture Firms
  • - MinLi Lu (University of Seoul)
  • - Wan-Kyu Cha (Soongsil University)
  • - Tea-Ho Ahn (Soongsil University)
[Abstract]
I proposed to manage patent risk systematically and quantitatively by applying FMEA among quality management techniques to patent risks based on innovative patent strategy framework of small / venture companies. Through this, patent risk management can be operated strategically in a platform that links business strategy of small / medium venture company with technology strategy and patent strategy. In addition, it is necessary to study the detailed operation methods such as new technology sensing and idea creation under the innovative patent strategy framework.
The Challenges of Managing Cross-Cultural Employees of Japanese Manufacturing SMEs in Malaysia: Raising Employees¡¯ Learning Consciousness
  • - Chikako Hironaka (Shiga University)
  • - Asako Terazawa (Chubu University)
[Abstract]
Management of cross-cultural employees of Japanese manufacturing small and medium-sized enterprises (SMEs) in Malaysia is the subject of the present study. In particular, this study focuses on raising local employees¡¯ learning consciousness and sheds light on the effect of communication and organizational culture. Learning is a distinctive feature of Japanese companies. In Malaysia, however, Japanese SMEs are struggling to maintain their culture of learning. An empirical survey on learning was conducted with the local employees in our study. First, the survey results highlighted the importance of communication. Japanese SMEs can overcome the language and cultural barriers by effective frequent communication. Clarity on the job, on issues such as current responsibilities, rewards, and promotions, is critical to raising learning consciousness. Second, the study also focuses on the role of Japanese management culture. Japanese companies exemplify learning behavior and the present study clarifies how this unique culture increases employees¡¯ affection and raises learning consciousness. The study provides evidence that affective commitment alone is not sufficient to boost learning consciousness. The study results also have important implications to the practitioner.