Browse > Article
http://dx.doi.org/10.21871/KJFM.2021.6.12.2.23

A Systematic Review Study on the Start-Up Sustainability Factors by Franchises Growth Cycle in Korea : Focusing on the ERIS Model  

Kim, Insook (Korea National University of Transportation, Department of Entrepreneurial Business Management & Consulting)
YANG, Jihee (Dongduk Women's University, Department of Education Consulting)
Publication Information
The Korean Journal of Franchise Management / v.12, no.2, 2021 , pp. 23-33 More about this Journal
Abstract
Purpose: The purpose of this study is to provide basic data such as development of sustainable support policies and performance management evaluation to support sustainable management of domestic franchises by deriving the sustainable growth cycle of domestic franchises. Research design, data, and methodology: This study is based on systematic review study. We combined search terms such as "Start-up", "Sustainability" and "Success" with four databases, RISS, KISS, e-article and DBpia and searched a total of 1,219 articles published by April 21, 2021. In the process, 35 studies were selected and analyzed after an expert review, excluding documents whose overlapping documents, gray zones (e.g., reports, conference presentations, etc.), degree papers, foreign language literature, and dependent variables were not related to the Sustainability factors. Using ERIS model, which is applied to research on the results of startup, and the franchise's growth cycle, which reflects the growth stage of franchises, we analyzed the factors behind the sustainability of franchise. Result: The results of the study are as follows. First, research on the sustainability of franchise has continued since 2009 in Korea, and has been conducted in various fields such as social welfare in addition to venture, start-up and management. Second, sustainability factors of franchise were analyzed from the ERIS performance model indicating the performance of venture, and the 68 subfactors were derived. Third, it is confirmed that there are important factors that affect the sustainable growth of franchise startups in each franchise's growth cycle. Conclusions: It is significant that through this study, we provided better understanding of the factors that sustain sustainability of franchises, policy suggestions, and presented the direction of future study. Theoretical suggestion is that the main reason for the continuous growth of franchise in each domestic franchise is based on the ERIS performance model. The practical implication is that the headquarters and Franchisor can use it to establish and evaluate performance indicators based on the business growth cycle. The results of this study are expected to be used as basic data for development and performance management evaluation of franchise start-up support policies to support the sustainable management of domestic franchises.
Keywords
Franchises; Sustainability Factors; Franchises Growth cycle; Systematic Review Study; ERIS Model;
Citations & Related Records
연도 인용수 순위
  • Reference
1 Kim G. B., & Kim B. G. (2015). A study on the characteristics of korean global hidden champions : Focused on the success factors of foreign global hidden champions. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 10(1), 187-198.   DOI
2 Kim H. (2012). The entrepreneurial factors and entrepreneurial Intention on student. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 7(1), 263-271.   DOI
3 Kim H. S., Park J. Y., & Kim J. H. (2019). The determinants of franchise growth: Revisiting Castrogiovanni and Justis(2002). Journal of Franchising, 5(2), 1-16.   DOI
4 Kim J. R. (2018). A study on one-person entrepreneur's entrepreneurship and entrepreneurial strategy: Focusing on the Case of JRK INTERNATIONAL. Journal of CEO and Management Studies, 21(4), 151-174
5 Kim S. H., & Suh J. D. (2009). An empirical study on the determinants of SMEs' growth. Asia Pacific Journal of Small Business, 31(2), pp.237-254
6 Kim Y. J. (2019). A study on the impact of entrepreneurial intention and financing on the business ability and financial performance : Focused on the area of Pohang. Korea International Accounting Review, 8(5), 171-186   DOI
7 Kim Y. T., & Park J. H . (2013). An empirical study on the affecting factors of social enterprise entrepreneurial performance. Korean Business Education Review, 28(2), 303-327
8 Kwak D. C., Joo Y. H., & Cho B. H. (2016). Astudy on influential factors of survival rates: Focused on youth start-ups. Asia Pacific Journal of Small Business, 38(4), 77-94
9 Kim J. H., Park J. Y., Lee G. C., Kwon K. W., & Kim Z. K. (2013). A study on the early internationalization of born-global by stages: Based on multiple cases of the firms. Korea Trade Review, 38(5), 409-436.
10 Dodge, H. R., Fullerton, S., & Robins, J. E. (1994). Stage of the organizational life cycle and competition as mediators of problem perception for small businesses. Strategic Management Journal, 15(2), 121-134.   DOI
11 Park J B., Kim J. H., & Yang H. B. (2010). Factors affecting the growth of corporate start-ups focused on sales performance and job creation. Asia Pacific Journal of Small Business, 32(3), 109-128.
12 Park J. S., & Kim J. T. (2019). A study on the operating environment and business continuity of the store. Journal of The Residential Environment Institute of Korea, 17(3), 19-37   DOI
13 Park J. S., Park S. H., & Hong S. S. (2020). Integrated study on the factors influencing sustainable innovation cluster of pangyo techno valley. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 15(1), 71-94.   DOI
14 Westhead, P.(1995), Survival and employment growth contrasts between types of owner-managed high technology firms, Entrepreneurship Theory and Practice, 20(1), 5-27.   DOI
15 Sung D. K., Lee D. H., & Yu J. P. (2015). The study on factors affecting sales performance and renewal intention of food service franchise affiliates. Journal of Product Research, 33(3), 109-120.   DOI
16 Statistics KOREA Government Official Work Conference. (2020). K-indicator in 2020. https://www.index.go.kr/unify
17 Jang J. N., Kang C. D., & Ahn S. S. (2011). A study on the effects of the characteristics of franchise business members on affiliate outcomes. Journal of Distribution Science, 9(2), 49-59.
18 Park K. H. (2016). Case study of global entrepreneurship characteristics of Korean global start-ups. Journal of CEO and Management Studies, 19(2), 223-242.
19 Scott, M., & Bruce, R. (1987). Five stages of growth in small business. Long range planning, 20(3), 45-52.   DOI
20 Shin Y. S., & Choi M. G. (2010). A study on success factors for entrepreneurs in IT ventures. Journal of Korea Academia-Industrial cooperation Society, 11(7), 2371-2385.   DOI
21 Yang S. H., Kim M. S., & Jung H. Y. (2018). The effects of entrepreneur's competence and technology commercialization capabilities on business performance of technology-based start-ups, The Korean Society of Business Venturing, 6(4), 1-23.
22 Carney, M., & Gedajlovic, E. (1991). Vertical integration in franchise systems: Agency theory and resource explanations. Strategic management journal, 12(8), 607-629.   DOI
23 Kwon S. J., Cha K. Y., & Chang H. J. (2014). A study on the sustainable growth and innovation of EXR corporations: An exploratory case study. Asia Pacific Journal of Small Business, 36(4), 73-99.
24 Liberati, A., Altman, D. G., Tetzlaff, J., Mulrow, C., Gotzsche, P. C., Ioannidis, J. P., ... & Moher, D. (2009). The PRISMA statement for reporting systematic reviews and meta-analyses of studies that evaluate health care interventions: Explanation and elaboration. Journal of clinical epidemiology, 62(10), e1-e34.   DOI
25 Lee H. S. (2011). Expanding the resource and market reach : Does internationalization enhance venture survival?. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 6(1), 109-132.
26 An W. Y., & Oh, J.I. (2018). Success factors to become a sustainable venture. Asia-pacific Journal of Multimedia services convergent with Art, Humanities, and Sociology, 8(6), 101-110.
27 Bantel, K. A. (1998), Technology-based adolescent firm configurations : strategy identification, context, and performance. Journal of Business Venturing, 13, 205-230.   DOI
28 Lee S. B. (2017). An analysis on the critical startup success factors in small-sized venture businesses. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 12(3), 53-63   DOI
29 Seon S. W., Jang A. S., & Han J. H. (2014). Case study on organization entrepreneurship for preliminary entrepreneurs. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 9(2), 221-232.   DOI
30 Lee J.K, & Lee R H. (2020). Current status and future directions of research on "sustainable management": Focusing on the esg measurement index, Journal of Strategic Management, 23(2), 65-92.   DOI
31 Min J. H., & Kim B. S. (2019). Is ESG effort a normative proposition for sustainability? an analysis of different effects of firms' ESG efforts by their respective financial status, Korean Management Science Review, 23(2), 65-92
32 Moon S. Y. (2018). The effect of the self-employed person competence on business continuity. The Journal of Humanities and Social science, 9(5), 835-850
33 Morgan, R. M. & S. D. Hunt (1994), The commitment-trust theory of relationship marketing, Journal of Marketing, 58(3), 20-38.   DOI
34 Chen H., & Cha W. K. (2020). A study on the effect of small and medium-sized venture company's organizational capability on corporate performance through market adaptation capability. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 15(6), 115-133.   DOI
35 Park C. W. (2017). A study on the effect of super leadership of small and medium enterprises on business performances. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 12(4), 175-189.   DOI
36 Kang W. J., Lee B. H., & Oh W. G. (2012). The effects of the utilization of external resources on the technological innovation performance along the stages of growth in Korean ventures. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 7(1), 35-45.   DOI
37 Chen, J. J. (2004). Determinants of capital structure of Chinese-listed companies. Journal of Business research, 57(12), 1341-1351.   DOI
38 Cheon P. U., Chung D. S., & Ock Y. S. (2014). An empirical study on successful factor of local mobile app one-person creating company : the moderating effects of social capital. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 9(2), 201-219.   DOI
39 Chernoff, H. (1985), Franchise licensing: A franchisor selection model, Ph.D. Dissertation, New York Univ.
40 Chun D. P. (2018). The effect of characteristics of entrepreneur on venture business managerial performance: By separating the duration of firm's survival. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 13(4), 1-12.   DOI
41 Gartner, W. B. (1985), A conceptual framework for describing the phenomenon of new venture creation, The Academy of Management Review, 10(4), 696-706.   DOI
42 Roh D. H., & Hwang K. H. (2019). An empirical study on classification, business type, organizational culture on performance of Korean it SMEs.venture. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 14(2), 221-233.   DOI
43 Yoon K. C., & Kim Y. R. (2009). A study on the business performance and degree of globalization of Korean venture enterprises. International Business Journal, 20(2), 29-63.
44 Fair Trade Commission. (2021). Affiliate Business Status in 2020. https://eiec.kdi.re.kr
45 Han J. H., & Sin J. G. (2004). Analysis of factors in startup failure: Dynamic ERIS. Korean Society of Strategic Management's thesis presentation, 2004(1), 75-97.
46 Jang M. G. (2019). The influence of entrepreneurship and startups' competences on competitive advantage and startups' performance. Journal of CEO and Management Studies, 22(1), 207-228.
47 Hing, N. (1995). Franchisee satisfaction: contributors and consequences, Journal of Small Business Management, 33,32-44.
48 Hong J. I., & Kim S. W. (2021). Case study on success and innovation activities of women entrepreneurs: focusing on startups. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 16(1), 55-69   DOI
49 Inma, C., & Debowski, S. (2006). Analysis of franchise performance through use of a typology: An Australian investigation. Singapore Management Review, 28(2), 1-31.
50 Sandberg, W. R., & Hofer, C. W. (1987). Improving new venture performance: The role of strategy, industry structure, and the entrepreneur. Journal of Business venturing, 2(1), 5-28.   DOI
51 Jang S. H. (2012). The effects of entrepreneurs and environmental characteristics, social entrepreneurship on the performance of social Enterprise. Journal of BusinessResearch, 27(3), 223-245.
52 Jung K. H., Choi D. S., & Sung C. S. (2017). An exploratory study on the factors affecting corporate entrepreneurship of startup company : A comparison between platform business and traditional business. Journal of the Korean Entrepreneurship Society, 12(5), 77-100   DOI
53 Jung, S., Son, J., & Kim, E. (2016). Low-Income class business incubator project' accomplishment analysis : Hyundai motor group's gift-car campaign focused. The Journal of the Korea Contents Association, 16(10), 277-290.   DOI
54 Kim C. K., Lee C. S., & Kim J. S. (2014). Analysis of factors influencing the early performance of technology-based startups. Korean Corporation Management Review, 21(5), 63-86.