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http://dx.doi.org/10.14400/JDC.2021.19.9.145

The Silver spoon: A theoretical model of Chaebol scion's entrepreneurial firm growth mechanisms  

Choi, Dongwon (Ewha School of Business, Ewha Womans University)
Publication Information
Journal of Digital Convergence / v.19, no.9, 2021 , pp. 145-156 More about this Journal
Abstract
While the current literature has considered business group as a temporary form of organizations that only exists under the developing contries with under-developed financial markets. Chaebol, a form of businss group in Korea, has sustained as a major organization form in Korea. To fill the current gap in the literature and practice, I suggest a theoretical model of Chaebol scion's entrepreneurial firm growth mechanisms. First, I posit that social, structural, and psychological factors motivate Chaebol scions to engage in entrepreneurship. Second, I suggest that five mechanisms, including business opportunity, financial support, recruitment, marketing, and inter-organizational collaboration, will facilitate entrepreneurial firm growth. By constituting a model of Chaebol scion's entrepreneurial firm growth, the current theoretical paper advances the literature on business group and entrepreneurship with indicating Korean Chaebol's new expansion possibilities.
Keywords
Entrepreneurship; Business group; Chaebol; Social capital; Resource based view; Talent management;
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