• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.18 no.3
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• pp.127-139
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• 2023

During the process of preparing for and initiating a startup, startup entrepreneurs allocate a significant amount of time to developing a business plan. Within this process, the documented business plan serves not only as a roadmap for the venture but also as a communication tool for capital acquisition and internal team collaboration. However, is the business plan, meticulously crafted by entrepreneurs, actually effective in generating startup performance? To answer this question, this study empirically analyzed the impact of a business plan on startup performance. Additionally, it examined how the relationship between the business plan and performance changes based on the satisfaction levels of entrepreneurs regarding the business plan. Through the analysis, the study validated the influence of the completeness of the business plan and entrepreneurial satisfaction on startup performance, and derived implications. To conduct the empirical analysis, a survey was conducted among 150 entrepreneurs. Regression analysis was performed to examine the relationship between the completeness of the business plan and performance, and the sample was further divided into two groups: startups with less than three years of operation and startups with three or more years of operation, for secondary analysis. The analysis results revealed that the completeness of the startup's business plan has a positive impact on both financial and non-financial performance. Furthermore, it is observed that the entrepreneur's satisfaction with the business plan had a moderating effect on the relationship between the business plan and financial performance. Moreover, for startups that are less than three years old, the entrepreneur's satisfaction with the business plan exhibits a moderating effect on the relationship between the completeness of the business plan and non-financial performance. This study holds significance as it reaffirms the importance of business plan development as a means to achieve sustainable growth for early-stage startups and empirically validates its significance. It is expected that this study will provide valuable insights for future startup entrepreneurs to better understand the importance of business planning and contribute to reducing the failure rate of early-stage startups.

• The Journal of the Convergence on Culture Technology
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• v.10 no.2
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• pp.471-485
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• 2024

This study explores the effective utilization of generative AI for conducting in-depth interviews within the lean startup environment. With recent technological advancements, the application of generative AI in enhancing operational productivity has been on the rise across various organizations, and this trend extends to the lean startup milieu. The research develops specific guidelines and a guidebook aimed at assisting practitioners in lean startups to conduct in-depth interviews using AI, even amidst the constraints of limited time and capital. The proposed guidebook facilitates practitioners to swiftly design and conduct interviews, thereby promoting an agile and flexible working environment within lean startups. Moreover, this study investigates practical methods for applying text-based generative AI services like ChatGPT 4 and Luyten in the fields of design and interviewing, thereby contributing to the academic discussion and practical implementation in these areas. The significance of this research lies in its potential to broaden the horizon of scholarly debate and practical application of generative AI in lean startups.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.16 no.6
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• pp.131-144
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• 2021

The organizational ambidexterity is an organizational strategy designed to pursue exploration activities to seize new opportunities and exploitation activities to efficiently use resources. Most of these ambidextrous structures have been studied for large corporations with slack resources, and there are still not many studies on the necessity of an ambidextrous structure for startups with relatively low-level resources. However, recently, the startup ecosystem is being advanced globally, and the amount of VC investment is rapidly increasing. This is a time when a lot of venture fund is invested in startups and a startup-friendly environment for rapid growth is created. This is the time to discuss the necessity and applicability of an ambidextrous organizational structure for startups. Therefore, this study conducted a hypothesis test whether the importance and necessity of balance that startups solving market problems with new ideas and utilizing accumulated resources have. To conduct this study, we analyzed 140 startups data gathered from the survey and the moderation effect was also analyzed. As a result of the study, it was verified that the balance of startup exploration and exploitation had a significant effect on startup performance, and the moderating effect of environmental dynamics was found to have a significant effect on the relationship with non-financial performance. Therefore, for startups with insufficient resources, it was concluded that the surplus resources generated in the process of a firm's growth should be effectively utilized and the balance between exploration and exploitation should be balanced from the initial stage of searching for a new business. In other words, it was confirmed that it is important for continuous growth and survival to seek the structure of an ambidextrous organization in order to internalize a mechanism that enables startups to pursue both effectiveness and efficiency in the long term. This study suggests a strategic direction for the growth of startups from the perspective of organizational structure. We expect that this meaningful results on the relationship between the ambidextrous capabilities of startups and performance contribute to the growth of startups in the rapidly growing startup venture environment.

• International Journal of Fuzzy Logic and Intelligent Systems
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• v.5 no.4
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• pp.360-366
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• 2005

In the past, when there were few vehicles on the road, the T.O.D.(Time of Day) traffic signal worked very well. The T.O.D. signal operates on a preset signal cycling which cycles on the basis of the average number of average passenger cars in the memory device of an electric signal unit. Now days, with increasing many vehicles on restricted roads, the conventional traffic light creates startup-delay time and end-lag-time. The conventional traffic light loses the function of optimal cycle. And so, $30-45\%$ of conventional traffic cycle is not matched to the present traffic cycle. In this paper we proposes electro sensitive traffic light using fuzzy look up table method which will reduce the average vehicle waiting time and improve average vehicle speed. Computer simulation results prove that reducing the average vehicle waiting time which proposed considering passing vehicle length for optimal traffic cycle is better than fixed signal method which doesn't consider vehicle length.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.12 no.3
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• pp.53-63
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• 2017

With increasing the importance of venture startup in the national economy, a trend shows that the government's policy support for venture startup is not only strengthened, but also entrepreneurial enthusiasm is increasing. In order for this trend to continue as an ongoing phenomenon, not a temporary phenomenon, venture startups should continue to grow with survival competitiveness. In this respect, there is a time when it is necessary to study the factors affecting the success of venture startups more than ever. There is a limit to seeing main factors, which affect the entry into the growth stage with survival competitiveness for the success of venture startups, as only 'entrepreneur capacity' and 'differentiation strategy' claimed by existing previous studies. As a more fundamental factor, entrepreneurial behavior is important in terms of opportunity discovery and opportunity utilization, but research into this falls short of expectations. This study is intended to look into success factors of venture startup. To achieve this, a survey was empirically carried out to CEOs in 100 small and medium venture startups through AHP analysis. The results are as follows. As stated above, entrepreneurship of success factors in venture startups is considered most critical, followed by innovation, economics, and technology. And 'entrepreneur's competency', 'positive entrepreneurial motivation', 'creative technology utilization', and 'continuous investment in technical development' are considered most critical for 'entrepreneurship', 'innovation', 'technology', and 'economics' as sub-factors, respectively. Consequently, entrepreneur's entrepreneurship that has been required in general startups is a critical factor to be also in common required in venture startups. This means that they can secure the competitiveness of venture startup along with continuous investment support in business startup with a positive mindset and their own technological competence as innovators to overcome the risk and uncertainty of business startup as entrepreneurship that marks the start of a new enterprise.

• Journal of Venture Innovation
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• v.5 no.1
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• pp.1-18
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• 2022

There is growing empirical evidence that passion is an important part of entrepreneurship and influences the intentions, behaviors and performance of entrepreneurs, employees and startups. Passion is especially important in an entrepreneurial context, given the effort and challenge that entrepreneurs starting a startup must overcome. The purpose of this study was to confirm the effect of the passion of startup entrepreneurs participating in the accelerator incubation program and the passion of accelerator entrepreneurs and managers on the entrepreneurial performance of incubator startups. In addition, we tried to confirm whether entrepreneurial self-efficacy plays a mediating role in this influence relationship. The survey was conducted online by startups entrepreneur who completed the accelerator incubation program. A total of 330 questionnaires were used for the analysis. As a result of the empirical analysis, it was confirmed that the passion of startup entrepreneurs and the passion of accelerator entrepreneurs and managers all had a positive (+) effect on the entrepreneurial performance of incubator startups. The influence of passion was found to be high in the order of startup entrepreneurs, accelerator entrepreneurs, and accelerator managers. It was confirmed that entrepreneurial self-efficacy plays a mediating role between the passion of startup entrepreneurs, the passion of accelerator entrepreneurs, and the entrepreneurial performance of incubator startups, respectively. However, no significant mediating role was identified between the passion of accelerator managers and the entrepreneurial performance of incubator startups. This study is significant in empirically confirming for the first time that the passion of accelerator entrepreneurs and managers has a positive effect on the entrepreneurial performance of incubator startups. The passion of accelerator entrepreneurs and managers is playing an important role as a hidden lynchpin in creating the entrepreneurial performance of incubator startups. In particular, since the passion of accelerator entrepreneurs has a great influence on the performance of incubator startups, it is necessary to recognize this fact and carefully examine their passion reputation when startups select accelerators.

• International Journal of Fuzzy Logic and Intelligent Systems
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• v.3 no.1
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• pp.66-71
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• 2003

In the past, when there were few vehicles on the road, the T.O.D.(Time of Day) traffic signal worked very well. The T.O.D. signal operates on a preset signal cycling which cycles on the basis of the average number of average passenger cars in the memory device of an electric signal unit. Today, with increasing traffic and congested roads, the conventional traffic light creates startup-delay time and end lag time so that thirty to forty-five percent efficiency in traffic handling is lost, as well as adding to fuel costs. To solve this problem, this paper proposes a new concept of optimal green time algorithm, which reduces average vehicle waiting time while improving average vehicle speed using fuzzy rules and neural networks. Through computer simulation, this method has been proven to be much more efficient than fixed time interval signals. Fuzzy Neural Network will consistanly improve average waiting time, vehicle speed, and fuel consumption.

• International Journal of Fuzzy Logic and Intelligent Systems
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• v.3 no.1
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• pp.105-111
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• 2003

This paper is researching the storing of 40 different kinds of conditions. Such as, car speed, delay in starting time and the volume of cars in traffic. Through the use of a central nervous networking system or AI, using 10 different intersecting roads. We will improve the green traffic light. And allow more cars to easily flow through the intersections. Now days, with increasing many vehicles on restricted roads, the conventional traffic light creates prove startup-delay time and end-lag-time. The conventional traffic light loses the function of optimal cycle. And so, 30-45% of conventional traffic cycle is not matched to the present traffic cycle. In this paper proposes electro sensitive traffic light using fuzzy look up table method which will reduce the average vehicle waiting time and improve average vehicle speed. Computer simulation results prove that reducing the average vehicle waiting time which proposed considering passing vehicle length for optimal traffic cycle is better than fixed signal method which dosen't consider vehicle length.

• IEMEK Journal of Embedded Systems and Applications
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• v.4 no.4
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• pp.174-179
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• 2009

Due to digital convergence, mobile embedded systems need more functionalities and a fully fledged OS. Applications for such embedded systems are linked with many shared libraries available in the OS and access a large data set at launch time. This results in increased application launch time. In this paper, we propose two techniques for reducing the application launch time: lazy-loading and pinning. Lazy-loading defers loading shared libraries that are not used in the application at launch time, whereas pinning guarantees the residence of shared libraries and data used at launch time in the main memory.

• Journal of the Institute of Electronics Engineers of Korea TC
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• v.43 no.3 s.345
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• pp.126-134
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• 2006

Traditional TCP implementations have the under-utilization problem in large bandwidth delay product networks especially during the startup phase. In this paper, we propose a delay-based congestion control(DCC) mechanism to solve the problem. DCC is subdivided into linear and exponential growth phases. When there is no queueing delay, the congestion window grows exponentially during the congestion avoidance period. Otherwise, it maintains linear increase of congestion window similar to the legacy TCP congestion avoidance algorithm. The exponential increase phase such as the slow-start period in the legacy TCP can cause serious performance degradation by packet losses in case the buffer size is insufficient for the bandwidth-delay product, even though there is sufficient bandwidth. Thus, the DCC uses the RTT(Round Trip Time) status and the estimated queue size to prevent packet losses due to excessive transmission during the exponential growth phase. The simulation results show that the DCC algorithm significantly improves the TCP startup time and the throughput performance of TCP in large bandwidth delay product networks.