• Title/Summary/Keyword: Fostering Entrepreneurship

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Exploring Social Entrepreneurship of the First Social Enterprise in South Korea: The Case of the Founder of Dong Wha Pharm

  • Ji Hee Song
    • Asia Marketing Journal
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    • v.24 no.4
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    • pp.152-160
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    • 2023
  • A great deal of attention has been paid to entrepreneurship and social enterprises that help improve societies' ability to solve social problems and develop new ways of thinking (Drucker 1995). Dong Wha Pharm, founded in 1897, was the first social enterprise in South Korea. The purpose of this study is to provide meaningful insights into the theoretical development of social entrepreneurship and how to achieve social innovation by fostering social entrepreneurship. Drawing on the five critical elements of social entrepreneurship developed by Dees (1998), we explore social entrepreneurship by investigating the first Korean social entrepreneur, Kang Min, the founder of Dong Wha, a 125-year-old company in South Korea. The findings offer meaningful and valuable insights to the literature on social entrepreneurship and to current and potential social entrepreneurs wanting to find new ways to achieve social improvement and move society forward.

Japanese Policy and Programs for the Fostering of Global Entrepreneurs

  • Kim, Eunyoung
    • STI Policy Review
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    • v.7 no.1
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    • pp.40-65
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    • 2016
  • Knowledge plays a more important role in promoting entrepreneurship in the current information-led society than it did during the age of industrialization. Many recent studies found that entrepreneurship stimulates and generates innovation and economic growth. In response to the issues of long-term low growth, the Japanese government implemented several policies to encourage universities initiate entrepreneurial activities. This paper examines Japanese policies since 2014 that support universities in providing various programs for developing global entrepreneurs. Thirteen academic institutes were beneficiaries of three-year funding since the fiscal year of 2014. Each university designed its own educational programs according to their own contexts, built various forms of innovation ecosystems with domestic as well as international partner organizations, and offered entrepreneurship training courses or innovation workshops for companies to sustain its programs through broadening their funding bases. Due to the interdisciplinary nature and short history in operating the programs so far, it is difficult to evaluate the effectiveness of the programs. However, each participating university accumulated knowledge and experience while carrying out their various programs, suggesting important new directions for policymakers and education program designers in facilitating entrepreneurship and innovation.

A Study on Curriculum Design of Entrepreneurship Education in Undergraduate School (창업교육의 대학교과과정 설계방향에 관한 연구)

  • Mok, Young-Du;Choi, Myeong-Gil
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.11 no.1
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    • pp.320-334
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    • 2010
  • Due to the global economic crisis and jobless growth, the problem of employment is becoming an important social issue. Fostering potential entrepreneurs with systematic education can be an alternative for resolving the jobless growth problem. Therefore, this study presents entrepreneurship subjects which are needed for designing a curriculum of the systematic entrepreneurship education. This study develops a questionnaire based on prior researches, and executes the survey of two focused groups comprised with a group of researchers lecturing subjects related with entrepreneurship and a group of executing an entrepreneurship consulting. The result of the study can be applied to design and run the curriculum in the universities, which consider introducing stage of entrepreneurship education. This study help a entrepreneurship department to bear the curriculum, and a direction of specialization.

The Effect of Entrepreneurship Education on Entrepreneurial Leadership of University Students (기업가정신교육이 대학생들의 기업가적 리더십에 미치는 영향에 관한 연구)

  • Yang, Jun-Hwan
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.13 no.3
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    • pp.59-69
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    • 2018
  • This study aimed at ascertaining the effect of entrepreneurship education on fostering entrepreneurial leadership in the context of Korean university students. Total 224 students participated in the study from three different universities nationwide. In order to acquire clear understanding of the effect of entrepreneurship education on entrepreneurial leadership, three key variables that include proactiveness, innovativeness and risk-taking were focused on the study in line with the prior studies. The findings suggest that entrepreneurship education had positive relationships with proactiveness, innovativeness and risk-taking, all of which are known as the key elements of entrepreneurial leadership. The findings imply that entrepreneurship education should be reinforced to foster the basic competence of entrepreneurial leadership for university students. Both theoretical and practical implications were provided to give guidelines the effective entrepreneurship education down the road.

How Educational Satisfaction and Relational Support Affect Self-Efficacy and Entrepreneurship of Korean Secondary School Students (교육만족도와 관계적 지원이 한국 고등학교학생들의 자기효능감과 기업가정신에 미치는 영향에 관한 연구)

  • Yang, Jun-Hwan
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.11
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    • pp.573-583
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    • 2017
  • The purpose of this study is to ascertain the effect of both educational satisfaction and relational support on the self-efficacy of secondary school students and then eventually on their entrepreneurship. Testing self-efficacy as a mediator is another aim of this study. The findings indicated that both educational satisfaction and relational support have positive relationships with the self-efficacy of students. Self-efficacy also had a positive impact on entrepreneurship. The core part of this study focuses on the role of both educational satisfaction and relational support in fostering the self-efficacy and entrepreneurship of secondary school students. These results can serve as practical guidance when making decisions regarding the adequate pedagogy for secondary school students in order to promote entrepreneurship among the adolescents.

The Effects of Individual Characteristics and Entrepreneurship on Entrepreneurial Intentions: Moderating effect of Hofstede's Cultures Dimensions (개인 특성 및 기업가정신이 창업의도에 미치는 영향: 홉스테드 문화특성의 조절 효과를 중심으로)

  • Oh, Hae Dong;Choi, Jiyeon;Noh, Jeon Pyo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.11 no.2
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    • pp.35-48
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    • 2016
  • Individual characteristics and entrepreneurship are important factors to determine entrepreneurial intentions. Despite this, little attention has been given to external factors, which effects to venture start-up decision. This study examines the relationship between individual characteristics and entrepreneurship by moderating effect of Hofstede's cultures dimensions theory. For this, 244 copies of the questionnaire were empirically analyzed. According to the results of analysis, internal locus of control, self-efficacy were found to have positive effects on autonomy, innovativeness, pro-activeness. In addition, uncertainty avoidance of Hofstede's cultures dimensions theory were found the moderating effects on entrepreneurship and entrepreneurial intentions. Therefore, this study suggests theoretical and practical implications, as below, according to the results. Firstly, pro-activeness take a important part on venture start-up. Thus, venture start-up institution and venture managers need to develop "venture education curriculum" that fostering the pro-activeness mind of entrepreneur. Secondly, In order to anticipate entrepreneurial intentions more precisely, analyzing the interaction between environmental variables and individual variables is desirable. Lastly, in the future study of entrepreneurship, the comprehensive analysis of correlation between the factors that including three factors of entrepreneurship is need to be conducted and more effective way of readdressing the entrepreneurship is necessary.

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The Impact of Humane Entrepreneurship on Business Ecosystem and Economic Development (인간중심 기업가정신이 비즈니스 생태계와 경제개발에 미치는 영향)

  • Kim, Yong Jin;Kim, Ki-Chan;Song, Chang Seok;Kang, Myung Soo
    • The Journal of Small Business Innovation
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    • v.20 no.4
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    • pp.3-10
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    • 2018
  • With the advancement in digital transformation with smart technologies and the collapse of industry borders, increasing is the importance of understanding customer problems, fostering employee capabilities, and enhancing the partner capabilities to properly provide the best service to customers. This is what is called the humane entrepreneurship in the 4th Industrial Revolution. Humane entrepreneurship is believed to play a critical role in developing business ecosystems and thus economic growth of nations. We empirically tested the ideas that 1) entrepreneurship as a meta-structuring action shape the healthiness of business ecosystem and 2) subsequently both entrepreneurship and business ecosystems affect economic development of a country. The results indicate that humane entrepreneurship does not directly affect healthiness of business ecosystem, but the balanced humane entrepreneurship together with opportunity in business ecosystems has a positive relationship with GDP growth. In other words, opportunity can be appropriated by entrepreneurs who have balanced sense between human and enterprise dimension. Data collection and methodologies are discussed further in the paper.

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Exploring the Link between Intrapreneurship and Entrepreneurial Self-efficacy (사내기업가활동이 창업효능감에 미치는 영향)

  • Park, Iljoo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.14 no.2
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    • pp.165-180
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    • 2019
  • Recently, the Korean government announced that it would focus on fostering intrapreneurship and corporate spin-off. The government encourages intrapreneurship because it ultimately seeks to develop industries and markets, grow innovative companies, and job creation. In particular, the government believes that enhancing intrapreneurship will reduce the personal fear of failures, expand open innovation by utilizing resources within existing companies related to innovation creation, and lead to new start-ups. Accordingly, this research reviewed the previous studies on corporate entrepreneurship activities and entrepreneurial self-efficacy and briefly looked at the status of global intrapreneurship activities. Based on the Global Entrepreneurship Monitor Adult Population Survey data in 2015, this study conducted a logistic regression analysis with the data of 27 OECD member countries' and Korean respondents. The finding confirms that the personal experience of intrapreneurship could be positively associated with entrepreneurial self-efficacy of the person. Therefore, it seems to be worth for the Korean government considering policies that support intrapreneurship as part of the start-up policy.

A Study on the Verification of Significance of Assessment Items for Selecting Start-ups: Focusing on Project Fostering Start-ups through Leading Universities (창업기업 선정평가지표 유의성 검증에 관한 연구: 창업선도대학육성사업을 중심으로)

  • Jung, Kyung Hee;Sung, Chang So
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.13 no.4
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    • pp.13-22
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    • 2018
  • In this study, we examined the accuracy of the assessment items for selecting start-ups used in the project to support start-ups and verified their validity in determining whether they are appropriate assessment items based on selection criteria. The results of 973 start-ups that applied for the project fostering startup leading universities were collected and logistic regression was performed using SPSS 18.0. The study results are summarized as follows. First, the differences in characteristics of start-ups were identified in terms of selection. Second, the impact of selection by assessment items was gender in 2015, capability of the founder, business establishment in 2016, performance and potential in the global market, and business startup in 2017. Third, the overall selection accuracy analysis for the last three years confirmed that the accuracy of the selection is lower each year and that the accuracy of the selection is lower than the accuracy of the non-selection. This means that the current assessment items for selecting start-ups are inaccurate for selection, and that changes in the items due to changes in the start-up environment each year have led to lower accuracy of selection. It is meaningful that this study raised the importance of assessment items and the need for improvement of assessment items for the screening functions of good start-ups to enhance efficiency of the policies for startup support.

Fostering Entrepreneurship by Maker Education: A Case Study in an Higher Education (메이커 교육(Maker Education)을 통한 기업가정신 함양:대학교 사례연구)

  • Kang, In-Ae;Kim, Yang-Soo;Yoon, Hyea-Jin
    • Journal of the Korea Convergence Society
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    • v.8 no.7
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    • pp.253-264
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    • 2017
  • The advent of the $4^{th}$ industrial Revolution requires entrepreneurship to the student as one able to produce creative solutions of complex problems embedded in society with active engagement. Maker Education indicates a new educational approach in which students produce a tangible output as a concrete solution to their problems, experiencing spirits of productive failure, sharing and openness with others during the process due to its educational values and effects which are well-matched with entrepreneurship. This study, in this context, aimed to verify the effect of the maker education in the sense of cultivating entrepreneurship: For this purpose, this study conducted a case study of Maker Education to 56 university students during 7 weeks (14 hours) in K university. The results based upon data analysis collected from reflective journals and interviews showed attitude change of the students in terms of entrepreneurship characterized as self-directedness, risk-taking, and creativity. For more active practices of Maker Education in higher education, both instructors' role as the facilitator, and easily and freely accessible Maker Space should be considered.