• Title/Summary/Keyword: market entry

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The effect of creativity, absorptive capacity and strategic orientation on the distribution strategy of foreign market entry : Focused on Game Industry (해외시장 진입전략에서 창의성과 흡수역량, 전략적 지향성이 미치는 효과에 대한 연구: 게임산업을 중심으로)

  • Park, Young-Eun
    • Review of Culture and Economy
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    • v.17 no.2
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    • pp.29-62
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    • 2014
  • Game industry, one of cultural-content industry which is considered as a typical knowledge-based industry and creative industry, is not like the overseas expansion of traditional manufacture, and has different strategy and performance of export expansion through product or project-based strategy. Therefore, it should be approached by each content unit, and necessary to look at the factors that make their decision makings of foreign market entry vary. This study focuses on discovering creativity, absorptive capacity and strategic orientation(market orientation and innovation orientation) which affect the difference of distribution's decision making of entry into foreign market in game industry This paper examined 252 cases of online games in order to investigate creativity, absorptive capacity and strategic orientations for each foreign market and what entry type(among licensing, joint distribution, exclusive distribution) they chose according to the products developed in team level. This helps us analyze the factors affecting market orientation and innovation orientation in the perspectives of creativity and absorptive capacity in comprehensive way, and notice the phenomena which use different foreign distribution strategy though there are company incorporated abroad and their results. This study supplements the limit of the existing Resource-Based View, Resource-Dependent View, and traditional international business theories such as Transaction Cost Theory or OLI Paradigm(Eclectic Framework), and proves how company could reduce asymmetry of uncertainty and information in creative industry and whether they accomplish successful overseas expansion according to strategic orientations.

Civil Helicopter Market Analysis (민수헬기 시장분석)

  • Hwang, Chang-Jeon;Lee, Jung-Hoon;Chang, Byung-Hee;Hwang, In-Hee
    • Current Industrial and Technological Trends in Aerospace
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    • v.8 no.1
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    • pp.104-111
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    • 2010
  • This paper deals with the world civil helicopter market scope, world market analysis based on the operating fleet ages, preconditions for market entry, and market forecast which are necessary for Korean industry to enter into world market. According to the analysis, the heavy single class demand is rapidly declined. The demand is moving toward the heavier class than that operated now. Korean industry had better have strategic positioning to heavy twin and light medium twin classes. A considerable amount of Korean civil helicopter based on Surion can be sold if there are appropriate efforts for price, specification, marketing strategy and so on.

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A Study on the Advancement of Korean Companies into Chinese e-Learning Market (국내 기업의 중국 이러닝 시장 진출 방안 연구)

  • Lee, In-Sook
    • Journal of Digital Contents Society
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    • v.14 no.2
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    • pp.263-274
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    • 2013
  • As the numbers of Internet users and the growth of education market along with the generalization of distance study increase, e-Learning industry in China is growing rapidly more than 20% each year. However, domestic e-Learning industry for entry to the Chinese market is showing inadequate result even though its potential growth in China and their scale of industry is near about 3 trillion won. A type of this industry is combined with Information Technology (IT) and education industry and their complex factors need to be considered because of the country's education policy and ICT infrastructure. In addition to these factors, sometimes main agents can be the government or a private organization and they form different circumstances each other. Therefore, it is required to have an in-depth study of the entering the Chinese market based on an accurate analysis for Chinese education and culture. In this research, it will focus on the current state of e-Learning market in Korea and China after studying the e-Learning system through the existing reference research. Moreover, this research will propose a method of the entry for the Chinese e-Leaning market through a case study from domestic and foreign companies.

A empirical test of strategy market entry on venture business (중소벤처기업의 시장진입전략에 관한 실증적 연구)

  • Park, Sang-Kyu;Lee, Kang-June
    • Korean Business Review
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    • v.12
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    • pp.67-82
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    • 1999
  • This study empirically examines the profit impact of different strategies under different types of competition: price competition, promotion competition, high intensity price-promotion competition. And the result of this study is appeared that in the case of the market entry of a venture business there is a critical relationship between market competition and the goal of a firm. Also established is that the goal of a firm has a significant correlation with a strategic behavior in the market.

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A Study on the Small-medium Sized Freight Forwarders' Entry of UNPM(United Nations Procurement Marketplace)-Freight Forwarder & Delivery Service (중소 국제물류주선업체의 유엔조달시장-물류 서비스 부분 진출방안 연구)

  • Shin, Seok-Hyun;Gwak, Gyu-Seok
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2012.06a
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    • pp.233-234
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    • 2012
  • Local freight forwarders circles is suffering financially and insecure employment from over competition which caused by a saturated local logistics market. To overcome ongoing slumping business, it is high time that local freight forwarders went to blue ocean global logistics market, emerging UN procurement logistics market. However it is needed to study on method of successful entry, scrutinizing of market status and ensuing supporting measure from government and research institute.

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Entry Deterrence and Price Competition under Asymmetric Information (비대칭적 정보 하에서 진입 억제와 가격 경쟁)

  • Maeng, Jooyol;Choi, Sungyong
    • Korean Management Science Review
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    • v.33 no.4
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    • pp.65-75
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    • 2016
  • We study limit pricing in a price-based duopoly market under asymmetric information on the demand state. An incumbent, who is a monopolist in the initial period, has complete information on the size of a market, while a potential entrant only knows it partially. After observing the sales price of the incumbent in the first period, the entrant decides whether to enter a duopoly market and the sales price if she chooses to. We present a separating perfect Bayesian equilibrium, which indicates that limit pricing can deter the entry of a potential entrant under price competition when there is information asymmetry about the demand state.

Two-Sided Market and Entry (양면시장에서의 진입가능성 연구)

  • Jang, Dae-Cheol;Jeong, Yeong-Jo;An, Byeong-Hun
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2006.11a
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    • pp.437-452
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    • 2006
  • Previous research on two-sided markets has, for the most part, concentrated on indirect network externalities between buyers and sellers. This paper considers direct competition effect among sellers and among buyers as well as indirect network externalities. We develop an analytic model of C2C e-marketplaces and examine whether a monopolistic incumbent could successfully deter new entry into its market. We find that the effect of the number of sellers or buyers on the price of goods depends on whether sellers have decided to sell the goods using an auction or fixed pricing rule and on the characteristics of the goods. We argue that when the effect of the number of sellers on the price of goods is significantly larger than that of buyers, there is a high possibility of entry. In particular, we show that entry becomes more difficult to deter as fixed-price format is adopted more frequently or the proportion of collectables is relatively low.

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Targeting the Future : Asian Aerospace, Its Current Status and Challenges (미래로의 지향: 아시아의 항공산업, 그 현황과 도전)

  • 김준모
    • Journal of Korea Technology Innovation Society
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    • v.1 no.3
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    • pp.338-350
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    • 1998
  • Asian countries, ranging from China and Japan to Korea and Taiwan, differ in their industrial development stages to support the aerospace industry, and market access conditions. Despite these differences, all these countries target the aerospace industry as one of their future industries. The phenomenon challenges the conventional view that entry into the aerospace sector follows a gradual path from simple hanger repairs to license production, and to international collaboration. This paper reviews current status of the Asian aerospace with a dichotomy of the conventional promotion and Fast-Track promotion strategies. Analysis revealed that multiple entry points, in terms of technological level, exist in the aerospace industry, while the conventional thinking still holds validity. Then the paper presents potential obstacles and challenges these Asian countries would face in the promotion of the industry.

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The strategic behaviors of incumbent pharmacy groups in the retail market of pharmaceuticals in response to the entry trials by the online platform firms delivering medicines - A perspective of market entry deference model in game theory (온라인 의약품배송플랫폼기업의 시장 진입 시도에 대한 기존 의약품 공급자의 전략적 행동 - 게임이론의 시장진입 저지 모형 관점)

  • Lee, Jaehee
    • The Journal of the Convergence on Culture Technology
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    • v.8 no.4
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    • pp.303-311
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    • 2022
  • Recently the telemedicine platform firms which have been temporarily permitted since COVID-19 outbreak have increasingly provided online prescription drugs delivery, causing concerns among incumbent providers of medicine, some of whom began to take aggressive actions again them. In this study, using game theoretic market entry - deterrence model, we show that although the incumbent medicine provider can effectively deter entry by the telemedicine platform firms by its preemptive action, accommodation could be a optimal action when telemedicine platform firms already have penetrated the market with their being permitted to do business due to the COVID-19. However, for the incumbent to cooperate for the successful change in the retail market for medicines, policies like placing a ceiling on the maximum number of taking prescriptions by the pharmacists a day in the telemedince platform network, providing favorable exposure of community pharmacists on the telemedicine platform user interface, and allowing community pharmacies to participate as shareholders of the telemedicine platform firms in its initial public opening of capital, are suggested.

Influence of the Change of Advertisement Policy in Broadcasting Industry (광고제도 변화가 방송 제작산업에 미친 영향)

  • Roh, Dong-Ryul
    • The Journal of the Korea Contents Association
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    • v.15 no.7
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    • pp.138-147
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    • 2015
  • The primary focus of Korea's advertisement policy has been on the securing of stability in the market through building categorical entry barriers whenever a new broadcaster came into the market. But the recent contraction of the advertisement market is pressing the policy makers to lift the categorical barriers to create one large-enough market. This change in the policy and the market, in turn, is triggering heightened competition among drama producers to get advertisements, at times, even at the expense of cost efficiency. The market is supposed to search for its own equilibrium in principle. This means that players, who fall behind, should be left to die out and exit, and the patient policy to let the market function on its own should be institutionalized. Separately, the fee-based public broadcasters should be banned from running advertisements.