Determinants for the success of regional ICT ventures: a close examination of South Korea.

Eunil Park,Angel P Del Pobil,Kyeongsik Yoo,Ki Joon Kim,Sang Jib Kwon,Jay Y Ohm

doi:10.1186/s40064-016-2712-5

Abstract

BackgroundThis study identifies the key motivational factors in enhancing economic performance and increasing new job opportunities for information and communication technology ventures (ICTVs) in South Korea and examines their potential causal relationships through structural equation modeling analysis on data collected from over 200 ICTVs located in Daedeok Innopolis.ResultsThe results indicate that the economic performance of ICTVs is determined mainly by government support, innovation effort, and private equity and support. Government support and innovation effort are also positively associated with new job opportunities.ConclusionsThe theoretical, industrial implications of the key findings, and recommendations for the Korean government are discussed.

Highlights

This study identifies the key motivational factors in enhancing economic performance and increasing new job opportunities for information and communication technology ventures (ICTVs) in South Korea and examines their potential causal relationships through structural equation modeling analysis on data collected from over 200 ICTVs located in Daedeok Innopolis
Given the importance of innovation effort, private equity and support, and government support, this study examines the effects of these motivational factors and their contribution to the success of ICTVs in South Korea
Focusing on the ICTVs located in Daedeok Innopolis, this study proposes a research model that explicates how the motivational factors help improve the economic performance of, and increase job opportunities at, ICTVs

Summary

Introduction

This study identifies the key motivational factors in enhancing economic performance and increasing new job opportunities for information and communication technology ventures (ICTVs) in South Korea and examines their potential causal relationships through structural equation modeling analysis on data collected from over 200 ICTVs located in Daedeok Innopolis. Private equity and support as well as innovations such as user-centered organizational strategies (Becker and Dietz 2004) and internal research and development (Löfsten and Lindelöf 2005), have played critical roles in enhancing the economic capacity of ICT ventures (ICTVs), especially by increasing job opportunities (Bogliacino and Pianta 2010; Hall et al 2008; Herzog 2011; Herzog and Leker 2010). Focusing on the ICTVs located in Daedeok Innopolis, this study proposes a research model that explicates how the motivational factors help improve the economic performance of, and increase job opportunities at, ICTVs

Methods

Results

Discussion

Conclusion