DOI QR코드

DOI QR Code

A Study on Enhancing Managerial Performance of Business Incubators and Developing Differentiation Strategy

비즈니스 인큐베이터의 경영 성과 향상 및 차별화 전략 수립에 대한 연구

  • SEO, Dayoon (Department of Industrial & Management Engineering, Hanbat National University) ;
  • Bae, SungUk (Korea Business Angels Association) ;
  • BAE, SungMin (Department of Industrial & Management Engineering, Hanbat National University)
  • 서다윤 (국립한밭대학교 산업경영공학과) ;
  • 배성욱 ((사)한국엔젤투자협회) ;
  • 배성민 (국립한밭대학교 산업경영공학과)
  • Received : 2017.08.14
  • Accepted : 2017.08.22
  • Published : 2017.09.30

Abstract

Purpose: This study provide the matching mechanism between startup and business incubator to enhance managerial performance of business incubator. In addition, we propose the differentiation strategy for business incubator based on the needs of startups. Methods: In order to carry out the research, we surveyed 216 startups who already have invested in venture capitals and angel investors and currently residing in business incubator and 30 venture capitals and angel investors. Based on survey results, we develop a business incubator capability table matching startup with business incubator. Results: Satisfaction and importance of the supporting programs varied depending on the startup experience and startup lifecycle. As a result, we recommended a R&D center for machinery/material, bio/medical and electric/electronics startups and individual office for ICT and knowledge service startups. In addition, we suggested a differentiation strategy to BI in university specialized for machinery/material, privately operated BI for electric/electronic, (local)government, R&D center and individual office for knowledge service respectively. Conclusion: In this study, business incubator capability table is applied to match startup with business incubator and it could be applied to evaluate the current status of business incubator. Furthermore, it will help to establish a future strategic direction for business incubator.

Keywords

References

  1. Bae, Young Im. 2016. "Impact of Business Incubator's Support Service and Manager's Capabilities on the Start-Up Performance." Asia-Pacific Journal of Business Venturing and Entrepreneurship 11(2):145-155.
  2. Byun, Chung Gyu, and Ha, Hwan Ho. 2013. "An Application of Dominance Analysis and Regression Analysis for Determining the Relative Importance of Critical Factors in Satisfaction of Start-up Support Service Program." Asia-Pacific Journal of Business Venturing and Entrepreneurship 8(3):67-76.
  3. Cho, Jong-Hyoun, and Park, Kyu-Il. 2008. "A Study on the Effects of Operating Characteristics of Business Incubator on the Firm's Performance." Korean Journal of Accounting Research 13(3):51-78.
  4. Choi,Gwang. 2014. "300 incubators, Role is cheap rent?." moneytoday.
  5. Chun, Yang-Woo, and Ha, Kyu-Soo. 2016. "A Study on the Effect of Venture Capitals' Investments Capabilities on the Investment Performance of Venture Company." Journal of the Korea Industrial Information Systems Research 21(6):125-135. https://doi.org/10.9723/jksiis.2016.21.6.125
  6. Jo, Dae-Woo, and Zheng Hao Jin. 2008. "Effects of Environmental Factors of Innovative Clusters on the Performance of Venture Firms in China : A Comparison between Zhongguan Village and Shenzhen New & High-tech Industrial Development Zone." International business review 12(1):93-118. https://doi.org/10.21739/IBR.2008.03.12.1.93
  7. Jo, In-Seog, and Kim, Young-Moon. 2011. "A Study on the Effect of Support Services of Business Incubator Center on a Management Performance of Moving-In Firms." Korea Association of Business Education 26(6):547-567.
  8. Jung, Dong Seop, and Kwon, Mi Young. 2012. "Effects of Entrepreneurship and Network Characteristics on the Performance of Technology startup." Proceedings of Conference on Business Venturing, 2012(4):129-129.
  9. Kim, Chang-Kown. 2011. "A study on the operating performance factor of the BI's tenant." Proceedings of The Korean Academic Association of Business Administration 2008(2):255-301.
  10. Kim, Chang-Kwon. 2011. "A study on the operating performance factor of the BI's tenant." Proceedings of The Korean Academic Association of Business Administration 2011(4):171-190.
  11. Kim, Jeong-Hun, and Park, Seong-Hwan. 2013. "A Study on the Performance after IPO of Firms Financed by Venture Capital." Korean Journal of Accounting Research 18(1):83-103.
  12. Kim, Jin. 2015. "Venture business last year sales 214 trillion won ... 14.5% of GDP." The Chosun Ilbo.
  13. Kim, Kun-Woo, and Seo, Byung-Chul. 2010. "Effect of Venture Capital Investment on the Management Performance of Venture Company." Journal of Industrial Economics and Business 23(4):1911-1931.
  14. Kim, Min-Cheol, Hwang, Jung-Uk, and Kim, Keun-Hyung. 2004. "A Study on Activation Factors of the Business Incubator Center." Proceedings of Korean Computers and Accounting Review 2004(8):155-171
  15. Kim, Seong Il, and Lee, WooJin. 2016. "Impacts of Entrepreneurship and Market Orientation of Business Incubator CEO's on business performance : Focusing on Moderating effects of utilization level of BI Supporting Services." Asia-Pacific Journal of Business Venturing and Entrepreneurship 11(5):1-13.
  16. Kim, Woo-Jae, and Lee, Hong-Bae. 2014. "A Study on the Business Incubator Screening Process through the AHP in the Center." The Korea Society of Decision Sciences 22(1):115-133.
  17. Kim, Woo-Jae, and Lee, Hong-Bae. 2015. "Effectiveness of Screening Items Distinguishing Successful from Unsuccessful Start-up Companies in the Business Incubator Screening Process." Journal of Industrial Economics and business 28(2):809-834.
  18. Kwon, Miyoung, and Jung, Dongseop. 2012. "The Effect of Entrepreneur's Characteristics, Technological Capabilities and Network on Firm Performance of Technology-based Start-ups." Asia-Pacific Journal of Business Venturing and Entrepreneurship 7(1):7-18. https://doi.org/10.16972/apjbve.7.1.201203.7
  19. Lee, Sang Hwa, and Ha, Kyu Soo. 2015. "A Study on the Influence of Entrepreneurship and Start-Up Competency on Entrepreneurial Satisfaction : Focusing on the Moderating Effect of Flow Experience." Asia-Pacific Journal of Business Venturing and Entrepreneurship 10(5):137-150. https://doi.org/10.16972/apjbve.10.5.201510.137
  20. Lee, Sung Jin. 2006. "A Study on the Proclivity for Entrepreneurship and Its Affect on the Venture Creation." Journal of Korea Society of Computer Information 11(5):281-290.
  21. Lim, Jeong Uk. 2014. "Wrecker of Creative Economy, Startup's status and tasks."digieco:2-3.
  22. Limb, Seong-Joon, and Kim, Chang-Kown. 2011. "Effectiveness of Business Incubators' Tenants Support Strategies." Journal of The Korea Contents Association 11(11):390-400. https://doi.org/10.5392/JKCA.2011.11.11.390
  23. Miller, D. 2000. "Qualitative Research Course Packet." University of Nebraska-Lincoln.
  24. Min, Sujin, Song, Geunhye, and Lee, Minhwa. 2015. "The Effects of Network Diversity on Opportunity Recognition: Mediating Role of Knowledge Acquisition and Moderating Role of Entrepreneurial Orientation." Proceedings of The Korean Association Society of Business Administration 2015(8):2111-2135.
  25. Park, JooY., and Sung, Chang Soo. 2016. "The Effect of Entrepreneurs' Social Network on Entrepreneurial Performance : Focusing on Moderating effect of Entrepreneurial Experience." Asia-Pacific Journal of Business Venturing and Entrepreneurship 11(3):87-96. https://doi.org/10.16972/apjbve.11.3.201606.87
  26. Sahban, MA, M Kumar, and S Sri Ramalu. 2015. "Instrument Development: Entrepreneurial Social Support Assessment Instrument (IESSA)." Research Journal of Economics & Business Studies 4(3):21-36
  27. Seo, Byung-Chul. 2011. "An analysis of effect of each type of fund investment by venture capital." Journal of entrepreneurship and venture studies 14(1):69-88
  28. Yun, Jong-Rok, Kim, Oh-Soon, and Kim, Hyoung-Chel. 2009. "An Empirical Research on Entrepreneurial Traits of the China Venture Business." Journal of The Korean Academic Association of Business Administration 22(3):1311-1336.
  29. Yun, Young Sook, and Hwangbo, Yun. 2014. "Entrepreneurial Characteristics Affecting on Angel Investors's Decision making." Asia-Pacific Journal of Business Venturing and Entrepreneurship 9(3):47-61.