A new venture performance model in the Korean information and telecommunications industry

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In this paper, we investigate on the determinants of new venture performance empirically and suggest a new venture performance model in the Korean Information and Telecommunications (IT) industry, A total of seven hypotheses is established and tested using a combination of factor analysis, cluster analysis, analysis of variance, and correlation analysis, Ninety-two sample ventures in the Korean IT industry were investigated and analyzed to test hypotheses, We found that new ventures performance depends on their environment, strategy, internal resources factors, and, most importantly two-way and three-way interactions of these factors. These findings could be interpreted as supporting the general strategy theory that when environment and internal resources are fitted, performance might be maximized and, further, strategy is the means that make internal resources and environment fit. The venture performance model presented in this paper can explain how new ventures achieve their successes. The strategic implications to the venture firms are also discussed.
Publisher
ELECTRONICS TELECOMMUNICATIONS RESEARCH INST
Issue Date
2000-12
Language
English
Article Type
Article
Keywords

ENTREPRENEURIAL; BUSINESS; STRATEGY; IMPACT; FIRM

Citation

ETRI JOURNAL, v.22, no.4, pp.51 - 65

ISSN
1225-6463
URI
http://hdl.handle.net/10203/76155
Appears in Collection
MG-Journal Papers(저널논문)
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