This paper has investigated the performance and successful strategies of information and telecommunication (IT) venture business in Korea to analyze their venture incentives, competitive advantages, business and administration obstacles, and improveme...
This paper has investigated the performance and successful strategies of information and telecommunication (IT) venture business in Korea to analyze their venture incentives, competitive advantages, business and administration obstacles, and improvement desires on the government. The contents are summarized as follows: Firstly, they pointed out the energetic characteristics of entrepreneur and the competitive advantages in technology as the most important foctors in IT venture business. Secondly, IT venture firms have pointed out the lack in high quality man power as significant management obstacle, then orderly pointed out the development of technologies, sales and marketing, and administration procedure and regulation as their main management obstacles. Thirdly, IT venture firms have orderly demanded the government the preferential measures such as supporting and financing the venture investment capitals, the prompt administration procedure, and establishment of technology network. Thus we should establish the system to secure intelligent entrepreneurs and high technologies, venture capital, and venture networking in IT venture business. We should also vitalize the venture infrastructure, improve the environment of venture business, and adopt the effective marketing and positive internalization strategies to enter the world market.