This paper examines the effects of characteristics of founding team and the age at foreign market entry on the internationalization of new ventures. Researchers suggested initial founding team and early foreign market entry are important to the internationalization and performance of new ventures. In this paper, new ventures that earn more revenues from international market recorded higher performance than ones focused on local market. The size of founding team and international experiences of founding team members are positively related to the degree of internationalization. It also shows that new ventures entering global market earlier after inception get higher internationalization. This paper suggests some managerial implications for new venture how initial conditions are important for performance and growth in the global market.

This study evaluates the relevance of valuation and management model for technology-oriented venture firms. The results confirm that there are causal relations among variables in the valuation and management model tested. Also, the integration of two models of strategic cost management(SCM) and balanced score card(BSC) effectively captures causal relations among financial performance, performance driver, cost driver. Namely, the combined effect of performance driver and cost driver explains the systematic relevance of valuation and management model for technology-oriented venture firms.
The analysis indicates the cost driver functions as explanatory factors for technological and market characteristics as well as forces for financial performance. As the study expects, the R&D and product/service differentiations as a cost driver have negative correlations with financial performance. However, the organizational process has a negative correlation with financial performance. This result implies that the unknown variables in the management process play an important role for venture firms, limiting the generalization of the causal relations found.

Nowadays in korea, Many business incubators are founded to promote the creation of High-Tech firms. And many papers are studied in operation politics, critical factors of success and estimation of incubator's result. But a study of business incubator manager is few in comparison with his role.
This study presents the factor of capability for business incubator manager and the difference of cognition with Firms in incubator and BI manager at significance and retention of capability by empirical analysis.
A survey data from the firms in incubator (N=100) and the BI manager in Busan(N=29).
The Result shows that 2 factors of Knowledge and 2 factors of Skill are significant capabilities for Business Incubator Manager. And 9 factors are selected in Dimension of knowledge, 6 factors are selected in Skill for the difference of cognition. In retention of capability, 7 items compared with level expectation of firms are low.
This Study is used for training programing for BI manager and A basis to select BI manager.

This research is conducted for the purpose of analyzing the conditions and distinctive features of the merchandise structure of the newly rising online beauty product industry. After the researcher reviewed relevant domestic and international literature, an intensive phone interview with 30 beauty product manufacturers, 5offline beauty product merchandisers, and 10 beauty salons was conducted, applying a relevant sampling method.
The research found that a merchandising structure based on “reliance and trust” seems to create a more closed environment in terms of distribution flow. Furthermore, due to the insufficient online infrastructure, the features of the beauty product industry are most compatible with those of the offline market. The more entry to online markets occurs, the heavier the struggle among merchandisers becomes. Advertising, price, delivery, refund mechanisms, and pressure from manufacturers are recognized as barriers against access to the online merchandising market. These phenomena however, can be resolved with a mechanism shift in the online merchandising structure. As this research is meant to serve as an initial investigative approach toward the beauty product industry, a more advanced and sufficient sampling method, in terms of substantiate analysis, is required in the future.

Under the internet age, the competition among recruiting intermediaries including online and offline players has been intensified for several years. Therefore, their business processes or business models have also been transformed to be able to earn the competitive advantages. For these reasons, the traditional players like offline-based recruiting companies have willingly or unwillingly experienced the competitive disadvantages on the recruit battle ground.
The online recruiting intermediaries, who newly participated in this industry and based on the internet environment, however, seized on the competitive advantages with the richness and the reach traits of online media. Under this context, the offline traditional intermediaries, who have been threatened by new online entries, must make a replacement of traditional trading mechanisms with alternate trading mechanisms like IT-enabled intermediaries.
In this study with the exploratory approach, we investigate the phases of transformation of the traditional recruiting intermediaries, changes in business strategies of offline-based firms, and impacts of online media in e-recruiting industry.

This study is to examine the relationship between the growth stage of ventures and their technological innovation strategies, and also to investigate the effects of government R&D subsidies on their technological innovation strategies. Empirical analyses based upon data from 88 Korean ventures revealed that 1) the absolute level of R&D resource input increased in the later stage ventures, while the relative level innovation activities was not significantly different among the growth stages; 2) there were not any complementary, additive or crowding out effects of government R&D subsidies on the innovation strategies of Korean ventures. The policy implications of these results were discussed.

Using patent data of US companies over three decades, Kortum and Lerner (2000) found that the venture capital-backed firms showed higher patenting rates than the nonventure capital-backed companies.
Based on the research model of Kortum and Lerner(2000), this paper examines the impact of corporate venture capital(CVC) on technological innovation. In order to empirically analyse the influence of corporate venture capital, we first collected the data of 94 US companies that introduced and implemented corporate venture capital system. And then we selected noncorporate venture capital firms to match with CVC firms.
In our empirical examination, we firstly found that corporate venture capital has a positive impact on technological innovation of companies through a regression analysis. Our dataset shows that the patent number of CVC firms is more than the patent number of non-CVC firms. Secondly, using CVC firms, we explored the difference of patents before and after CVC. Our finding implies that the number of patents after CVC increased compared to before CVC.