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A Study On Balance Factors for the Sustainable Growth of Technology-Based Companies: Focusing on the Case of Daedeok Cluster Successful and Unsuccessful Companies

  • Industry Promotion Research
  • Abbr : IPR
  • 2024, 9(3), pp.87-100
  • DOI : 10.21186/IPR.2024.9.3.087
  • Publisher : Industrial Promotion Institute
  • Research Area : Interdisciplinary Studies > Interdisciplinary Research
  • Received : May 23, 2024
  • Accepted : June 21, 2024
  • Published : July 31, 2024

Kyeongsik Yoo 1 Heung-Sik Kang 1 Jaeman Yoon 2 Taekeun Kim 1

1충남대학교
2세종창조경제혁신센터

Accredited

ABSTRACT

This study approached the factors affecting companies’s sustainable growth by overcoming the valley of death after starting a business from the perspective of technology, market, location, cluster, and INC model, and conducted a case study on success and failure companies in Daedeok Cluster to explore the adequacy and suitability of the main factors of previous studies. The results of this study suggest that location accessibility-based collaboration between innovators is important for the growth of companies in the cluster, and balanced growth such as innovative ideas, market needs, and capability to meet needs is necessary for companies' products and services to create innovative value in the market. This study is worth in that it presents factors for sustainable corporate growth through the analyses of success and failure cases for companies in the Daedeok Cluster. In addition, the research is successful in that it proposed a policy support plan based on collaboration among companies to foster companies in the cluster.

Citation status

* References for papers published after 2023 are currently being built.