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The Effects of Job Autonomy on Radical Creativity and Incremental Creativity: A Multilevel Study on the Moderating Effect of Team Commitment
  • - Insoo Oh (Hanyang University)
  • - Minsoo Kim (Hanyang University)
  • - Nayoung Kwon (Hanyang University)
  • - Hyunju Yoon (Hanyang University)
[Abstract]
As business environment becomes more uncertain and competitive, the development of radical ideas in organization becomes more emphasized, and the necessity of studying on creativity by differentiating between radical creativity and incremental creativity beyond a broad and unitary construct has been proposed. The purpose of this paper was to examine the effects of job autonomy on radical creativity and incremental creativity at individual level, and the moderating effect of team commitment at team-level to those relationship. For this study, survey- based data were collected from various industries and teams in Korea. At first, performing confirmatory factor analyses, we checked for construct independence and discriminant validity of job autonomy, radical creativity, and incremental creativity. Then, we performed multilevel analyses using HLM (Hierarchical Linear Model) considering individual level and team level simultaneously because each individual was nested in a team. The results showed that job autonomy was positively related to radical creativity and incremental creativity. In addition, team commitment at team-level significantly moderated the relationship between job autonomy and radical creativity. On the contrary to hypotheses, the moderating effects of team commitment on the relationship between job autonomy and incremental creativity was not supported. Finally, we discussed the implications and limitations of this study, and future research direction. Through the study results, we were able to ensure that job autonomy is to be more provided to facilitate individual radical creativity in team, and specifically team commitment is to be more promoted at team-level. We expect that various studies on radical/incremental creativity will be progressed.
The Case Study on the Management Style of Korean Married Women Entrepreneurs: Based on the Work-Life Balance Strategy
  • - Jee-Sun Oh (Science & Technology Policy Institute)
  • - Young-Hwan Kim (Science & Technology Policy Institute)
[Abstract]
This paper aims to analyze the gender entrepreneurship and survival strategy by reviewing the cases of women entrepreneurship. In a male-dominated ecosystem, women entrepreneurs are mostly challenged in starting their business, but they have overcome those difficulties through women's unique strategies. Women's empathy, a form of gentle leadership, could draw the colleagues' capabilities and thus motivate cohesion in a better way. Some entrepreneurs who were lack of physical, financial or human resources tried to optimize their business plan by; minimizing the project scale, applying past working experiences. Through these strategies, women entrepreneurs maximize their chances to enter the market. In the market, women entrepreneurs better commercialize the ideas of life matters that men usually cannot come up with, so that they bring unique and innovative changes in the business ecosystem.
Women entrepreneurs have promoted a female-friendly culture and encouraged men and society to pursue work-life balance that used to be the burden of working women. They are active in hiring female employees, and in helping start-up business or re-employment of women though social networking. They also show strong passion to advise and support younger generation to run start-ups. In this regard, women entrepreneurs have proved themselves to be positively influential to Korea's entrepreneurial ecosystem by creating jobs as well as leading other women to reenter society and enjoy their rights.
An Empirical Study on the Effects of Internal Competence and External Factors for the Performance of Korean Bio-Ventures
  • - Seongwook Moon (Korea Development Bank)
  • - Seungwha Chung (Yonsei University)
  • - Seungyong Lee (Yonsei University)
[Abstract]
The purpose of this study is to analyze the effect of some factors on the business performance of bio-venture companies. Empirical analysis was conducted for Top management Team capabilities, Technology as internal competence and Corporate Networks, Venture-Capital Investment, Government R&D Support as external factors. In addition, this study verified the mediation effects of corporate networks, venture-capital investment, and government R&D support as intermediate pathways. The empirical results are as follows: First, diversification, core job experience and corporate networks of Top management Team are positive impact factors in the business performance of bio-venture companies. In particular, core job experience was the most influential factor. Second, technology, venture-capital investment and government R&D support are positive impact factors for performance. It is because the bio-venture companies do not efficiently utilize the technology and investment funds. Third, venture-capital investment and government R&D support give mediating effect to the technology for the performance. Leveraging external partners having funding and research skills can give a positive impact on the business performance of bio-venture company.
A Study on Influential Factors of Survival Rates: Focused on Youth Start-ups
  • - Dong Chul Kwak (Industrial Bank of Korea)
  • - Young Hyuck Joo (Hansung University)
  • - Bong Hyun Cho (Industrial Bank of Korea)
[Abstract]
As youth entrepreneurship is being increasingly highlighted, we perform a comparative analysis(Cox¡¯s proportional hazard model) between youth and general entrepreneurship by analyzing survival and failure of more than 50,000 businesses for the past 13 years. In order to investigate the effect of risk on youth and general entrepreneurship, a PH model is used to analyze cause-and-effect relationship. Young entrepreneurship has a lower survival rate than general entrepreneurship. We analyze the risk of start-up by gender, employment and financial characteristics, asset and liability scale, sales, net profit, interest coverage ratio and industry and region. In the case of young entrepreneurs, variables such as asset size, net profit, and interest coverage ratio have no effect on the start-up risk, but other variables are affected. This study yields the following policy implications. It is also important to revitalize young entrepreneurship, but it is necessary to carry out support policy with continuous care so that young entrepreneurs can survive. The survival and growth support measures for young entrepreneurs should be further strengthened. In addition, there is a need to consider the survival ability of start-up companies from the stage of establishing and implementing the start-up support policy. On the other hand, the policy to maximize the chance of re-opening the failure of young entrepreneurship should be strengthened
Entrepreneurial Orientation in South Korea: Review and Suggestions for Future Research Directions
  • - Jaekang Lee (Yeungnam University)
  • - Taekyung Park (Yeungnam University)
[Abstract]
Despite growing attention to entrepreneurial orientation (EO), few attempts have been made to conduct a critical review of previous studies relating to the concept in a South Korean setting. This study aims to systematically analyze a total of 60 EO-related articles which are published in KCI-listed journals and seeks to suggest future research directions. Results indicate that a unidimensional approach is taken as dominant in assessing the construct, incorporating 3 sub-constructs- innovativeness, risk taking, and proactiveness-, though a multidimensional one is increasingly growing in numbers. In addition, a majority of research focuses on mediation effects in an EO-performance link. Discussion, future research directions and limitations are suggested.