New venture strategies in a developing country: Identifying a typology and examining growth patterns through case studies

This study explores the static and dynamic patterns of new venture strategy and growth. We developed a three-dimensional integrative framework on new venture strategies, proposed seven strategic types, and examined the dynamic patterns of internationalization and growth of new ventures. From successful new venture cases in Korea, each strategic type shows differences in environmental characteristics and competitive behaviors. Also, we found that new ventures enter the global market by following two-step internationalization processes. We observed two different growth patterns influenced by initial conditions, entrepreneur's management ability, and technology strategy of new ventures. (C) 2002 Elsevier Science Inc. All rights reserved.
Publisher
ELSEVIER SCIENCE BV
Issue Date
2004-01
Language
ENG
Keywords

TECHNOLOGY-BASED VENTURES; INDUSTRY STRUCTURE; SEMICONDUCTOR INDUSTRY; LIFE-CYCLE; PERFORMANCE; FIRMS; ENTREPRENEURSHIP; ENVIRONMENT; ENTRY; ADVANTAGES

Citation

JOURNAL OF BUSINESS VENTURING, v.19, no.1, pp.81 - 105

ISSN
0883-9026
URI
http://hdl.handle.net/10203/4106
Appears in Collection
KGSM-Journal Papers(저널논문)
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