• Title/Summary/Keyword: Initial Start-up Performance

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A Study on the Factors that Determine the Initial Success of Start-Up (스타트업의 초기 성공을 결정하는 요인에 관한 연구)

  • Lee, Hyun Ho;Yun, Hwangbo;Gong, Chang-Hoon
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.12 no.1
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    • pp.1-13
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    • 2017
  • The purpose of this study is to find out which factors determine the success of start-up in the initial market and what are the most important determinants. For the empirical analysis, the questionnaire related to the analysis of success factors for start-up success was designed according to the quantitative analysis (AHP technique). First, we selected 8 representative success factors for successful start-up in the initial market. In order to determine the degree of priority among these factors, we surveyed 12 entrepreneurs who are interested in entrepreneurship, universities, research institutes, and public officials. As a result of the empirical analysis, 51% of the funds in the tier 1 were ranked as the top priority to determine success factors. Followed by research and development (32.5%), management (8.7%) and marketing (7.8%). In particular, when each of the four items is calculated as 100 according to the result of the tier 1, and the tier 2 is converted, the foreign investment is analyzed as 43.7%. It was followed by 15.14% of R & D facilities, 14.07% of ideas, 8.7% of managerial ability, 7.29% of domestic investment, 5.85% of buyer feedback, 3.3% of development strategy and 1.95% of marketing strategy. Among the eight success factors, overseas investment items showed the closest preference to half, and it was the most important variable that determines the success or failure of market entry. The implication of this study is that many start-ups in Korea expect to receive investment and support from overseas accelerators. This means that overseas investment itself has been recognized as a start-up that makes services and products that can be used in the global market. A high preference for attracting foreign investment is due to the fact that the amount of investment is larger than that of Korea and that it can flexibly cope with the pressure on the performance compared to domestic investors. In this study, it was meaningful that we could confirm this fact through questionnaires of start-up experts. In future research, we need to find a viable alternative through studying how to provide start-up to foreign direct investment at the national level.

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Rapid Initial Detumbling Strategy for Micro/Nanosatellite with Pitch Bias Momentum System (피치 바이어스 모멘텀 방식을 사용하는 초소형 위성의 초기 자세획득 방안 연구)

  • Lee, Byeong-Hun;Choe, Jeong-Won;Jang, Yeong-Geun;Yun, Mi-Yeon
    • Journal of the Korean Society for Aeronautical & Space Sciences
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    • v.34 no.5
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    • pp.65-73
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    • 2006
  • When a satellite separates from the launch vehicle, an initial high angular rate or a tip-off rate is generated. B-dot logic is generally used for controlling the initial tip-off rate. However, it has the disadvantage of taking a relatively long time to control the initial tip-off rate. To solve this problem, this paper suggests a new detumbling control method to be able to adapt to micro/nanosatellite with the pitch bias momentum system. Proposed detumbling method was able to control the angular rate within 20 minutes which is significantly reduced compared to conventional methods. Since the previous wheel start-up method cannot be used if the detumbling controller proposed by this paper is used, a method is also proposed for bringing up the momentum wheel speed to nominal rpm while maintaining stability in this paper. The performance of the method is compared and verified through simulation. The overall result shows much faster control time compared to the conventional methods, and achievement of the nominal wheel speed and 3-axes stabilization while maintaining stability.

Factors of Trust Building of Internet Shopping Mall in Initial Start-up Business (창업초기 인터넷쇼핑몰의 신뢰형성요인)

  • Kim, Young-Ho
    • The Journal of the Korea Contents Association
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    • v.7 no.10
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    • pp.221-228
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    • 2007
  • It is more important how to maintain and develop the company than starting any business. The matter of trust building in the early stage of start up company is a main cause to make or break business performance. This study analyzes the primary factor to the influence of matter of trust formation in the early stage of starting business at internet shopping mall. Also, We are here concerned with the strategies on the building brand to shopping mall of e-company and the increasing sales. To accomplish the aim of this paper is examined a concept of trust, consumer's purchase behavior and the factor of trust formation from the basis of preceding research, It was found from the result of an hypothesis testing for positive analyze that information quality, web design and shopping convenience influence factors to the initial trust.

A Study on factors affecting the promotion of Women-Owned Business (여성창업기업의 기업성과에 영향을 미치는 요인에 관한 연구)

  • 문숙재;최자경
    • Journal of Family Resource Management and Policy Review
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    • v.5 no.1
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    • pp.61-78
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    • 2001
  • This study intends to provide the groundwork for an establishment of women entrepreneur policy and the guidelines for start-up of women-owned business. The findings of the study are as follows; Women starts business for a financial reasons and this makes up 26 percent, which ranked the highest of respondents motive for starting up a business. The double labor - due 새 the practice of housework and running a business simultaneously - forms 19.6 percent of the bottleneck in operating business. In addition, the worst financial strain, 43 percent, occurred during the business preparatory period. As the entrepreneurship is higher, they are more backed up with support in education and training. In addition, annual net profit of business operated by the older age group is relatively greater. The firm performance is greater as she holds a higher academic degree. As the goal of annual net profit is higher that is set up before the start-up, the net gain turns out to be greater in actual operation, thus resulting in greater effects. The study shows that when they received economic aid, the initial capital had been greatly affected The younger age group makes up the higher percentage of support in education and training. After considering all the findings collectively, the conclusions are as follows; First, the firm performance is affected by the entrepreneurship, schooling, age, and the goal of the female entrepreneur. Second, a support in education and economic does not have a direct effect on the firm performance. However, the study reveals that the entrepreneurship of those who received educational support is higher than that of those who did not. Third, the in-depth interview reveals the facts that how they had been brought up and how the role of the family had a significant effect on their management of business.

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Sensorless control of a SPMSM for driving cooling fans (냉각 팬 구동을 위한 SPMSM의 센서리스 제어)

  • Kim, Sang-Hoon;Kim, Ji-Min
    • Journal of Industrial Technology
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    • v.34
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    • pp.15-20
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    • 2014
  • Recently, PMSMs(Permanent Magnet Synchronous Motors) have become increasingly popular in various high-performance motor drive applications. However, the high-performance drive of PMSMs needs a position sensor such as a resolver, which increases not only the price of the system but also reduces the system reliability. This paper is on the implementation of sensorless control of a SPMSM, which drives a fan for cooling in appliances. In this paper, the rotor position for high-performance drive of a SPMSM is derived from back electromotive force (EMF) information proportional to the rotor speed. Also, the initial rotor position information for start-up is estimated from a saturation phenomenon of inductance. The validity of the proposed sensorless drives was confirmed by the experiment on the SPMSM drive systems for cooling fans of refrigerators and laptop computers.

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Durability Evaluation of Air-Cooled Proton Exchange Membrane Fuel Cells Stacks by Repeated Start-Up/Shut-Down (시동/정지반복에 의한 공랭식 고분자연료전지 스택 내구성 평가)

  • YOO, DONGGEUN;KIM, HYEONSUCK;OH, SOHYEONG;PARK, KWON-PIL
    • Transactions of the Korean hydrogen and new energy society
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    • v.32 no.5
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    • pp.315-323
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    • 2021
  • The air-cooled proton exchange membrane fuel cells (PEMFC) stacks, which is widely used in small-sized PEMFC, have a problem in that durability is weaker than that of the water-cooled type. Because the cathode is open to the atmosphere and the structural problem of the air-cooled stack, which is difficult to maintain airtightness, is highly likely to form a hydrogen/air boundary during start-up/shut-down (SU/SD). Through the accelerated durability evaluation of the 20 W air-cooled PEMFC stack, the purpose of this study was to find out the cause of the degradation of the stack and to contribute to the improvement of the durability of the air-cooled PEMFC stack. In this study, it was possible to evaluate durability in a relatively short time by reducing 20-30% of initial performance by repeating SU/SD 1,000 to 1,200 times on an air-cooled PEMFC stack. After disassembling the stack, each cell was divided into two and the performance analysis showed that the electrode degradation was more severe in the anode outlet membrane electrode assembly (MEA), which facilitates air inflow as a whole, than in the inlet MEA. It was shown that the cathode Pt was dissolved/precipitated to deteriorate the polymer ionomer inside the membrane.

An Empirical Study on the Effect of Laboratory Start-up Support Projects on Start-up Performance (창업지원사업의 창업성과에 미치는 효과 실증 연구)

  • Da-Eun Kim;Joonsoo Bae;Jin-Gyu Kim
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.46 no.spc
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    • pp.79-88
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    • 2023
  • This research aims to validate the effectiveness of the "Specialized Entrepreneurship University Program," which was conducted as part of government entrepreneurship support initiatives from 2018 to 2022. Based on previous studies, a research model was derived consisting of three laboratory entrepreneurship support factors that influence program satisfaction and entrepreneurial outcomes (infrastructure support, educational mentoring support, and business linkage support). Surveys were collected and analyzed from 126 laboratory entrepreneurship firms participating in the program, and empirical analysis of the research model was conducted using SPSS 23.0 statistical software. The analysis results indicated that the three variables, namely infrastructure support, educational mentoring support, and business linkage support, were significant factors affecting program satisfaction, and program satisfaction was confirmed to influence entrepreneurial outcomes. Furthermore, it was found that the three business operation factors indirectly influenced entrepreneurial outcomes by partially mediating program satisfaction. This study is considered significant as an empirical study for the initial stage of the second-phase program enhancement, verifying the effectiveness of laboratory entrepreneurship support factors. The findings can be applied to similar government entrepreneurship support initiatives and contribute to the effective strategy and planning of stakeholders involved. The limitations of this study include the need for further research on the perception of the extent to which it contributes to entrepreneurial outcomes, emphasizing caution in interpreting the research model, and the necessity for expanding the survey population and improving survey items in future research.

The Study on the Effects of Technology Orientation and Market Orientation on Managerial Performance in Innopolis Start-ups: Focusing on the Moderating Effects of Marketing and R&D Expenses (연구소기업의 기술지향성과 시장지향성이 경영성과에 미치는영향: 마케팅 및 연구개발 비용의 조절효과를 중심으로)

  • Kwon, Haram;Yang, Young Seok
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.19 no.1
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    • pp.119-133
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    • 2024
  • As a result of significant investments by the government in promoting public technology commercialization and fostering a venture startup ecosystem, there have been quantitative achievements, such as the registration of over 1,600 Innopolis Start-ups since 2006, generating a total revenue of 1.1 trillion won as of 2021. However, these achievements have been overshadowed by critical qualitative challenges, including a continuous decline in average revenue per Innopolis Start-up. This led to a focus on whether managers' technological and market orientations affect business performance. This study aims to provide insights into improving the qualitative growth of Innopolis Start-ups by analyzing the effects of technological and market orientations on business performance, as well as the moderating effects of adjusting marketing and research and development (R&D) costs on this relationship. Through prior research and empirical analysis, this study derives three main findings. First, technological excellence and innovation significantly influence the business performance of Innopolis Start-ups, while technological intensity does not. Second, customer orientation and competitive orientation significantly impact business performance, whereas entry barriers as a single factor do not. Third, adjusting marketing and R&D costs, as controlled variables obtained through general situations, has no direct impact on other variables. However, it interacts with entry barriers, influencing financial business performance, with R&D costs exhibiting a negative buffering effect and marketing costs showing a positive enhancing effect. This study confirms that both technological and market orientations directly influence the business performance of Innopolis Start-ups, thus being crucial factors affecting their growth. Moreover, it establishes that investments in marketing and R&D play significant roles in alleviating initial entry barriers and enhancing financial performance. Consequently, it underscores the importance of reinforcing technological and market orientations tailored to the characteristics of Innopolis Start-ups. Additionally, it proposes five theoretical contributions: strengthening institutional support systems for technology commercialization and innovation, improving qualitative evaluation criteria during the selection process of Innopolis Start-ups, conducting comprehensive analyses of technological and market aspects during startup selection, enhancing support for marketing education and consulting for smooth market entry, and supporting expenditure strategies and milestone setting tailored to the industrial characteristics of individual Innopolis Start-ups.

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Durability Evaluation of Cathode Open-type Proton Exchange Membrane Fuel Cells Stacks (Cathode 개방형 고분자연료전지 스택 내구성 평가)

  • Yoo, Donggeun;Kim, Hyeonsuck;Oh, Sohyeong;Park, Kwon-Pil
    • Korean Chemical Engineering Research
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    • v.60 no.1
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    • pp.12-19
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    • 2022
  • Cathode open-type PEMFC (Proton Exchange Membrane Fuel Cells) stacks, which are widely used in small transport-type PEMFC, have a problem with poor durability. Through the accelerated durability test of the 13-cell PEMFC stack, we tried to find the cause of the degradation of the stack and to contribute to the improvement of the durability of the cathode open stack. A hydrogen/air boundary is formed during start-up/shut-down (SU/SD) due to the structural problem of the cathode open stack in which the cathode is open to the atmosphere and it is difficult to maintain airtightness, thereby deteriorating the cathode. In this study, it was possible to evaluate the durability in a relatively short time by reducing the 54% of the initial performance by repeating SU/SD 1,800 times on the cathode open stack. After dismantling the stack, each cell was divided into two and the performance was analyzed. Overall, the anode outlet MEA, which facilitates air inflow, showed more severe electrode deterioration than the inlet MEA, confirming that the hydrogen/air boundary formation during SU/SD is the main cause of degradation.

An Experimental Study on the Reduction of Exhaust Emissions by using Glow Plug during Cold-start and Warm-up in Gasoline Engine (가솔린기관의 냉시동시 Glow Plug를 이용한 배기가스저감에 관한 실험적 연구)

  • 문영호;김종호;오영택
    • Transactions of the Korean Society of Automotive Engineers
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    • v.10 no.4
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    • pp.7-14
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    • 2002
  • In order to reduce exhaust omissions of spark ignition engine, it is important not only to improve catalyst conversion efficiency but also to directly reduce engine out exhaust emissions, during cold starting and warm up process. Therefore many researchers have been attracted to develop an early fuel evaporator(EFE) by Introducing a ceramic heater fur a solution of engine out exhaust emissions in SI engine. But, the performance of the EFE in MPI engine to reduce the exhaust emissions and to improve the cold startability has not been clarified yet. The purpose of this study is to evaluate the feasibility of a glow plug far EFE. Impinging spray using heated and unheated glow plug helps the vaporization of the fuel and heat up the three way catalyst sufficiently. The amount of CO, and UHC is reduced overall. The amount of NOx is higher at the initial stage, but become lower as time goes on than without glow plug.