• Information Systems Review
• /
• v.21 no.1
• /
• pp.135-152
• /
• 2019

Recently there are many development and support policies for start-up companies because of successful venture companies related to ICT services. However, as these policies have focused on the support for the initial stage of start-up, many start-up companies have difficulties to continuously grow up. The main reason for these difficulties is that they recognize start-up tasks as independent activities. However, many experts or related articles say that start-up tasks are composed of related processes from the initial stage to the stable stage of start-up firms. In this study, we models the start-up processes based on the survey collected by the start-up companies, and analyze the start-up process of ICT service companies with process mining techniques. Through process mining analysis, we can draw a sequential flow of tasks for start-ups and the characteristics of them. The analysis of start-up businessman, idea derivation, creating business model, business diversification processes are resulted as important processes, but marketing activity and managing investment funds are not. This result means that marketing activity and managing investment funds are activities that need ongoing attention. Moreover, we can find temporal and complementary tasks which could not be captured by independent individual-level activity analysis. Our process analysis results are expected to be used in simulation-based web-intelligent system to support start-up business, and more cumulated start-up business cases will be helpful to give more detailed individual-level personalization service. And our proposed process model and analyzing results can be used to solve many difficulties for start-up companies.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
• /
• v.14 no.4
• /
• pp.191-198
• /
• 2019

The purpose of this study is to explain the bootstrapping method to understand the process of overcoming the difficulties experienced by the limited resources of the initial start-up, through the example of Black Ruby Studio. Most nascent start-ups have constrained resources. This problem is a subject that is constantly being repeated in entrepreneurship research. Despite these problems, there are relatively few studies detailing the process of overcoming the initial difficulties of start-up. Bootstrapping is described as a way to reduce external inflows, reduce risk, and resolve funding issues internally. Many start-ups initially rely on bootstrapping as a way to solving scarce funds and limited resources. Therefore, this study reviewed the prior literatures in bootstrapping, and used 32 detailed item bootstrapping methods suggested in Winborg & Landstrom(2001) on bootstrapping in order to understand bootstrapping concept of start-up. This study gives insightful implication to prospective founders by using the bootstrapping method for survival of start-up and the process of overcoming the difficulties in the start-up.

• Management & Information Systems Review
• /
• v.34 no.3
• /
• pp.303-315
• /
• 2015

The objective of this study was to devise and empirically validate a model in which personal characteristic, infrastructure of business start-up, difficulties of business start-up influence the intention of business start-up. The research model was analyzed by the structural equation modeling(SEM) technique, supported by SAS 9.13 and SMART-PLS 2.0. The results of this study can be summarized as follows. The results of this study can be summarized as follows. Firstly, personal characteristic had a significant impact on intention of business start-up. Secondly, infrastructure of business start-up also had a significant impact on intention of business start-up. Lastly, on the other hand, difficulties of business start-up had no direct impacts on intention of business start-up.

• The Journal of the Convergence on Culture Technology
• /
• v.9 no.2
• /
• pp.57-65
• /
• 2023

This study examined the obstacles of important factors involved in the start-up decision process for prospective entrepreneurs and plans after graduation while attending hair and beauty colleges and analyzed them in a phenomenological way to establish countermeasures. The subjects of the study agreed to collect data from 10 prospective entrepreneur doctors and plans after graduation while attending hair and beauty college located in G, and were in-depth from December 15 to December 30, 2022. The collected data were analyzed using the Colaizzi method. The results of this study were extracted with 13 topics and two subject collections that represent the characteristics of the experience in the preliminary start-up process of the participants. Based on the results of this study, it is meaningful to examine the obstacles of the factors that are importantly involved in the start-up decision process and establish countermeasures accordingly. In conclusion, at a time when the market for start-ups is expanding and government support is increasing, the factors affecting the will of college students, who are potential professional managers in the future, and effective implications for enhancing the university's start-up infrastructure, start-up difficulties, and start-up motivation were obtained. Therefore, it is urgent to develop efficient performance counseling research or program counseling that can promote and support mental and environmental growth through career development required for the difficulties of the decision process of prospective entrepreneur hair college students and the situations they face. It is necessary to develop various measurement tools in consideration of the level of career development and development of a start-up decision-making process model that can fully grasp the status of start-ups of prospective start-ups.

• The Journal of the Convergence on Culture Technology
• /
• v.8 no.6
• /
• pp.381-388
• /
• 2022

The purpose of this study is to investigate the experiences and meanings of university student entrepreneurs' start-up activities. For this purpose, the study had an in-depth interview with five university students that started a business in university in September~November, 2021 and analyzed their data. The findings were as follows: University student entrepreneurs had several experiences with start-up activities including having an encounter with a start-up in university, suffering difficulties as university student entrepreneurs that studied as students and also ran business as beginning entrepreneurs, fighting alone in their relations with various people, and having an intense sense of achievement as entrepreneurs for their business results and social recognition. Their start-up activities had different meanings such as finding a new career path, becoming a true leader, making progress in interpersonal relations, and growing to be more robust. These findings will serve as basic data to develop policies that will promote start-up education and supports in university.

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.46 no.3
• /
• pp.41-58
• /
• 2023

This study identifies the commercialization success factors that can be an important indicator for the transfer and commercialization of national R&D results in the agricultural sector. Unlike other industries, the agricultural sector has a non-systematically scaled and processed industrial structure, and R&D is led by government rather than the private sector. Although the quantitative performance of national agricultural R&D, especially the number of patents and publications, has increased rapidly with the quantitative expansion of the government R&D budget, the technology commercialization of the results of agricultural R&D has been accompanied by difficulties for SMEs. Therefore, this study summarized the success factors for commercialization of state-owned technologies presented in previous studies, and based on them, analysed the success factors for commercialization specific to the agricultural sector. It also conducted a questionnaire survey using Delphi and focus group interviews (FGI) with experts from academia, research and industry, and a survey of agricultural companies to derive success factors for commercialization in the agricultural sector using logistic regression analysis. As a result, five indicators with positive correlation and three indicators with negative correlation within technology characteristics, suppliers, adopters, policy and market factors were finally derived as key factors for agricultural commercialization. In the future, it is expected that independent factor analysis of the food and seed sectors, which have independent industry characteristics from the agricultural sector, will be needed.

• Journal of Convergence for Information Technology
• /
• v.8 no.1
• /
• pp.301-312
• /
• 2018

The purpose of this study is to propose strategies for enhancing competitiveness through the utilization of policy funds, especially in the start-up companies supported by the Korea Credit Guarantee Fund. And then, the Korea Credit Guarantee Fund should develop 'user-centered policy funding model' in order to increase start-up's utilization of policy fund and support start-ups that are supported in the long run. The competitiveness of domestic start-up companies has been strengthened by 'user-centered policy funding model' and new innovations have been introduced through 'Living Lab', an open innovation. But, in order to overcome the limitation of reaching the stage of commercialization, the 'user-centered policy funding model' proposed in this study enables start-ups to be the subject of actual policy funding, and also allows users to freely apply for necessary funding at any time. Therefore, the Korea Credit Guarantee Fund has a significance in suggesting 'user-centered policy funding model' as a support model to be customized. However, since SMEs recognize the actual situation and limit acceptance of all the difficulties, the systematic analysis of the actual situation of the policy funds of the start-up by the credit guarantee fund and the related support institutions for the scientific approach of the user-oriented policy funding model need.

• Proceedings of the Korean Society of Propulsion Engineers Conference
• /
• 2017.05a
• /
• pp.213-217
• /
• 2017

Since more than 30% of the liquid rocket engine failures occur during the start-up process, and the Space Shuttle Main Engine (SSME) is especially sensitive to small changes in propellant conditions, a 2% error in the valve position or a 0.1sec timing error could lead to significant damage of the engine, simulation modeling of start-up process is important. However, there are many difficulties associated with engine start-up process caused by nonlinear mass flow and heat transfer characteristics associated with filling an unconditioned engine system with cryogenic propellants. In this paper, we modelled a SSME simulation model using partially Computational Fluid Dynamics (CFD) method to solve these problems and checked the performance by comparing with the performance of the simulation model using the lumped method under the state of normal condition.

• IE interfaces
• /
• v.20 no.3
• /
• pp.418-426
• /
• 2007

This study is to suggest the government's support direction for the small and medium sized enterprises (SMEs) by examining the relations among technology level, innovation factors, entrepreneur's characteristics, and start-up reasons. The management bottlenecks and the necessary fields of government's support are also investigated across the company's growth stages. Empirical analysis was conducted based on the 318 Korean SMEs' data receiving the Venture and/or Inno-biz certification. Results show that managing difficulties of the company have typical pattern according to the stage of growth. The characteristics of an entrepreneur such as age, education background and past experience affect the early stage of starting business. We also found that the technology level is closely connected with operational innovation activities and circumstances, entrepreneur's characteristics, start-up motives, and technological innovation activities.

• 제어로봇시스템학회:학술대회논문집
• /
• 1986.10a
• /
• pp.200-204
• /
• 1986

Particle size distribution in a Continuous Mixed Suspension Mixed Crystal Removal (CMSMPR) crystallizer has been analyzed using the Population Balance (PB) model. This method presents difficulties when the growth rate of crystal depends on the crystal size. Recent studies indicate that in many cases the growth rate is dependent on size when the crystal sizes are small. In this study, a Residence Time Distribution(RTD) model was proposed to take the size dependence into account together with an appropriate numerical scheme. When compared with the approximate results based on PB model, RTD model results showed improvements also a nucleation effect which is normally unimportant for steady state analysis. Start-up data for NaCl-Water-Ethanol system was compared with computed values.