Abstract
This study is intended to determine the effects of system management on value creation and global growth in born startups. To achieve this, a survey was empirically carried out on 300 owners in born startups with less than five years’ experience. The findings are as follows. First, entrepreneurship, operation system, and support system as sub-variables of system management have a positive effect on value creation. Second, entrepreneurship and operating system have no significant effect on global growth, but the support system has a significant effect on global growth. Third, value creation has no significant mediating effect on global growth, which means that owners’ entrepreneurship can boost value creation as a corporate systematic operation when they have globally-oriented thinking, relationships through global network organization, the expertise of business, and some level of capital. In particular, their capability and expertise can be drivers to enter early global growth companies through value creation. Consequently, for the early value creation and global growth of born startups, they should recognize that system operation and value creation-oriented corporate global experience, due to their entrepreneurship as international companies under global market orientation, are key variables affecting a global born startup, and thus reflect them in management.
Highlights
A born startup is a startup company that has innovative technologies and ideas originated in the U.S Silicon Valley but is largely dependent on external capital investments due to its small size and lack of capital financing, meaning an international company settled in the short period of 3 to 5 years [1]
(11.1%) [2], and from 2005 to 2013, production in the 27 EU countries remained at a similar level, while production in born startups rose to 26% during the same period [3]
It aims to identify the following research tasks with the purpose of determining the effects of entrepreneurship, operation system, and support system as system management on value creation and global growth, and the relationships between these factors, targeting managers of successful startups in Korea settled as born startups in a short period of time among global startups
Summary
A born startup is a startup company that has innovative technologies and ideas originated in the U.S Silicon Valley but is largely dependent on external capital investments due to its small size and lack of capital financing, meaning an international company settled in the short period of 3 to 5 years [1]. This study, which seeks to find the key driving force for the early global growth of born startups, will have very timely usefulness by comparing the difference between high-growth startups in cities of countries where the competition between born startups comes via countries or global time It aims to identify the following research tasks with the purpose of determining the effects of entrepreneurship, operation system, and support system as system management on value creation and global growth, and the relationships between these factors, targeting managers of successful startups in Korea settled as born startups in a short period of time among global startups. How does system management affect global growth in born startups? Third, how does value creation through system management affect global growth in born startups?
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