• Title/Summary/Keyword: Ventures

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An Exploratory Study on the Causal-effect Relationship between Valuation and Performance in Ventures (벤처기술평가와 경영성과의 인과관계에 관한 탐색연구)

  • Yang, Dong-Woo
    • 한국벤처창업학회:학술대회논문집
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    • 2006.11a
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    • pp.61-85
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    • 2006
  • The Purpose of this study is to prove empirically the relationship between ventures' technology valuation and performance, while considering the uniqueness of Korean firms. We use technology valuation index, marketability valuation index, business valuation index as ex-ante independent variables, use firm's performance(sales, asset, operating income ratio, net income ratio etc) as ex-post dependent variables. Parametric analysis such as Paired T-test, ANOVA are applied in this paper. The results of Empirical analysis is summarized as follows. Firstly, operating income ratio and net income ratio are different in portfolios classified by technology valuation index. Secondly, the growth rate of operating income is different in portfolios classified by technology valuation index. Finally, this study has shown that technology valuation index has possibility which it use the predictive variables of ventures' performances.

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A RESEARCH ANALYSIS ON EFFECTIVE LEARNING IN INTERNATIONAL CONSTRUCTION JOINT VENTURES

  • L.T. Zhang;W.F. Wong;Charles Y.J. Cheah
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.450-458
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    • 2007
  • This paper presents the results of a statistical analysis and its research findings focusing on the learning aspect in the process of international joint ventures (IJVs). The contents of this paper is derived from a sample of 96 field cases based on a proposed conceptual model of effective learning for international construction joint ventures (ICJVs). The paper presents a brief review on the conceptual model with hypotheses and summarized the key results of statistical analysis including factor and multiple regression analysis for the testing of the validity of the proposed conceptual model and its associated research hypotheses. Among other research findings, the research confirms that ICJVs provides an excellent platform of in-action learning for construction organization and suggests that good outcomes in learning could be reaped by a company who has a clear learning intent from the beginning and subsequently take corresponding learning actions during the full process of the joint venture.

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A Case Study for the Social Ventures through using TLBMC(Triple Layered Business Model Canvas) (지속가능한 소셜벤처를 위한 TLBMC(트리플 레이어드 비즈니스 모델 캔버스) 활용 사례 연구)

  • Jeon, Hye Jin;Park, Jae Whan
    • 한국벤처창업학회:학술대회논문집
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    • 2017.08a
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    • pp.55-68
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    • 2017
  • The purpose of this study is to seek ways to enhance sustainability by understanding the business model of social ventures that should be accompanied by social and environmental missions as well as economic missions. To achieve this purpose, We seek to enhance sustainability by analyzing the business model of social venture entrepreneurs. The analysis tool used TLBMC (Triple Layered Business Model Canvas). It is extended from a business model canvas that is widely utilized and recognized in economical terms. The TLBMC is proposed by Alexandre & Raymond (2016) to help achieve a holistic view with horizontal and vertical associations. Based on the TLBMC, we found that each of the social ventures needed additional factors or unnecessary factors, and that they were approaching a different meaning from the beginning to stabilizing phase. And social entrepreneurs have concluded that using TLBMC to provide stakeholder and staff basic understanding of economic, social, environmental and environmental factors, enabling rapid and accurate communication and collaboration. This study will help people who prepare and study social ventures to have economic, environmental, and social perspectives. t could also be used to redefine the direction and value of entrepreneurs operating social ventures, such as vision and mission to help clarify the roles of the organization.

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An Exploratory Case Study on the Growth Process and Success Factors in the Research Based Spin-off Ventures;i-SENS (연구기반 스핀오프 벤처기업의 성장과정 및 성공요인에 관한 탐색적 사례연구;(주)아이센스)

  • Lee, Byoung-Heon;Kang, Won-Jin;Jeon, Ho-Eel
    • 한국벤처창업학회:학술대회논문집
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    • 2008.04a
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    • pp.143-178
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    • 2008
  • This study is to look into the spin-off ventures which was incorporated based on the technology developed by public research institute, but underwent difficulties confronted during the development stages focused on the growth process and the factors contributed to their success. The case study was conducted with i-Sense Co., Ltd. which is a ventures organized by professors as a form of research based spin-off venture. i-Sense Co., Ltd. is a new-technology based ventures to produce self-tester for blood sugar level which was incorporated by Prof. Cha, Keun-sik and Prof. Nam, Hak-hyun of Department of Chemistry in Kwangwoon University along with the graduate course students of the Research Laboratory of the University. The two professors operated the Chemical Sensor Research Center at the Kwangwoon University where they produced many preliminary research outputs related with bio-sensors. They also executed the service works at the specialized company they established for research development to make research fund. They established i-Sense Co., Ltd. with the aim to carry out the research they want to. But contrary to the initial intention of the founders of the company, i-Sense Co., Ltd. has grown up as manufacturing company which produces and sells the self-tester for blood sugar level and is expected to be listed by Initial Public Offering (IPO) on the KOSDAQ in 2008. This study is to analyze the foundation and the growth process of i-Sense Co., Ltd. as successful research based spin-off ventures, to find out the factors contributed to their success by enabling them to overcome the difficulties experienced during the growth process, and eventually to provide with suggestive meanings in policy and practical point of view that leaded the research based spin-off ventures to success.

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The Empirical Study on Relationship between Technology Factor and Tech. Ccommercialization in CT SMEs and Ventures (기술요인과 기술상용화성패관계에 관한 실증연구 - CT 중소벤처기업을 중심으로 -)

  • Seo, You-Hwa;Yang, Dong-Woo
    • Journal of Technology Innovation
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    • v.15 no.1
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    • pp.1-26
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    • 2007
  • This study's purpose is to promote the development of CT industry by analizing the causal relationship between technology factor and commercialization of Tech. in CT SMEs and Ventures. The result is that Only technology experience accumulation among technical factors(technology develpoment cost, technology experience accumulation, technology concentration, technical expertise) has a significant effect on commercialization success or failure and non-technical factors have not a significant effect on.

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GLOBALIZATION OF AGRICULTURAL MACHINERY PRODUCTION THROUGH INTERNATIONAL JOINT VENTURE

  • Kitani, Osamu
    • Proceedings of the Korean Society for Agricultural Machinery Conference
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    • 1993.10a
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    • pp.11-20
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    • 1993
  • The increase need for agricultural machinery production and its globalization through international Joint ventures are discussed in this paper. Examples of joint businesses for the overseas manufacturing of farm machinery are given and problems are pointed out. Overseas production of automobiles is illustrated through a few examples and suggestions are made for farm machinery production . Measures to be taken to promote global production of agricultural machinery through international joint ventures are mentioned.

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An Analysis on the Characteristics on Incubator Organization Ventures and Independent Ventures (배태조직 벤처기업과 개인창업 벤처기업의 특성분석)

  • Kim, S.K.;Park, B.S.;Oh, K.S.
    • Electronics and Telecommunications Trends
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    • v.17 no.6 s.78
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    • pp.127-134
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    • 2002
  • 정보통신 연구개발 사업인 우수신기술 지정 ·지원사업에 참여한 벤처기업 중 초기단계 벤처기업 75개사를 대상으로 대기업 및 중소기업으로부터 spin-off한 배태조직 벤처기업과 개인창업 벤처기업으로 분류하여 업종 및 벤처확인 유형별 특성, 재무 및 조직현황 특성, 최고경영자 특성, 기술개발 특성, 해외진출 특성을 분석하여 두 그룹간의 차이점 및 공통점을 파악한 후 향후 벤처기업의 나아갈 방향에 대해 제시해 보았다.

An Empirical Study on Comparative Analysis of Determinants of Management Performance for Domestic Ventures (국내 벤처의 경영성과 영향요인 비교 분석에 관한 실증연구)

  • Lee, Sang-Cheon;Bae, Sung-Moon;Go, Bong-Sang
    • The Journal of Society for e-Business Studies
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    • v.13 no.4
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    • pp.145-159
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    • 2008
  • The purpose of this study is to identify the determinants of new venture performance in the view of integrated research framework and to investigate key determinants of superior and inferior ventures. We propose the integrated new ventures performance model which is composed of entrepreneur, organization/resources, industrial environment, strategy/foundation process and availability of supporting systems as corresponding variables to new ventures performance. The superior venture performance is affected mainly by entrepreneur's managerial ability and industry expertise, but the inferior by resources and management strategy. Though this study has limitation of small sample, limited questionnaire and performance measure, it has contribution of identifying key determinants of new venture performance with the integrated frame of study.

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A Study of the Impact of Knowledge Sharing and Utilization on the Characteristics and Joint Performance of the Participants in an International Joint Ventures

  • Lee, Won-Hee;Moon, Jae-Young
    • Journal of the Korea Society of Computer and Information
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    • v.24 no.11
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    • pp.187-193
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    • 2019
  • The study is to investigate the impact of the knowledge sharing and utilization among the participants in international joint ventures on the characteristics and the joint venment performance of the participants. The specific areas of the investigation for significant impacts of knowledge sharing & utilization by international joint ventures are contract compliance, motivation & willingness for business participation, management autonomy, organizational culture and the joint performances, and the characteristics that are unique to the participants in international joint ventures are empirically investigated as well. The findings of the empirical analysis are as follows: knowledge sharing & utilization has positive impacts on the areas of contract compliance, management autonomy, motivation & willingness for business participation and organizational culture, and, in return, the areas of contract compliance, managerial autonomy, and motivation & willingness for business participation appeared to have positive effects on their joint venture performances.