- Apply for Authority
- P-ISSN1738-3110
- E-ISSN2093-7717
- SCOPUS
ISSN : 1738-3110
The Management Performance of Food Service Startups in Traditional Market
KIM, Jang-Hyun
- Downloaded
- Viewed
Abstract
Purpose : Promoting startups has increased in importance in labor market policies since the economic crisis. In Korea, the Ministry of SMEs and Startups is also seeking to revitalize youth startups and traditional markets by moving young stores into idle spaces in traditional markets through 'Project to Support the Activation of Youth Mall'. Research into startups in traditional markets is very limited. Therefore, this study looks at the differences between the management performance of young merchants and senior merchants, and looks at the impact of the business period. Research design, data and methodology : It was divided into youth startup and senior startup based on the age of 40 and startup and nonstartup. Based on these criteria, the company intends to compare and analyze sales and margin rates by setting the sales and margin rates with the management performance of the startup and senior startups. In particular, to look at the feasibility of government funded projects for young merchants, the company will look at the changes in sales and margin rates of young merchants and senior merchants over the period of operation. In this study, the analysis was based on the raw data of the Statistics of traditional market in 2017, and the ANCOVA was used. Results : First of all, the sales volume of stores operated by young merchants, was higher than those operated by senior merchants. Next, the margin ratio does not differ from that of stores that are for young people and those. These findings suggest that the profit structure of stores in traditional markets is similar between young merchants and senior merchants. Third, if you look at the performance of new startups based on one year of business period in more detail, it turns out that young startups have improved in sales and margin rates since startups, while senior startups have no difference. Conclusions : While it means that management performance can be improved through support for young startups, it suggests that there is a limit to supporting senior startups. Therefore, this research indicates that the government support projects centered on youth can contribute to the revitalization of traditional markets.
- keywords
- Traditional Market, Young Star-up, Senior Star-up, Sales, Margin Rate
Reference
Choo, M. J., & Jung, Y. S. (2015). Effects of traditional market service quality factors on customer value, relational quality, and behavioral intention. Journal of Distribution Science, 13(11), 79-92.
Cooper, A. C. (1985). The role of incubator organizations in the founding of growth-oriented firms. Journal of business Venturing, 1(1), 75-86.
Curran, J., & Blackburn, R. A. (2001). Older people and the enterprise society: Age and self-employment propensities. Work, Employment and Society, 15(4), 889-902.
Dawson, C., & Henley, A. (2012). “Push” versus “Pull”entrepreneurship: an ambiguous distinction? International Journal of Entrepreneurial Behavior &Research, 18(6), 697-719.
Decker, R., Haltiwanger, J., Jarmin, R., & Miranda, J. (2014). The role of entrepreneurship in us job creation and economic dynamism. Journal of Economic Perspectives, 28(3), 3-24.
Foo, M. D., Uy, M. A., & Baron, R. A. (2009). How do feelings influence effort? An empirical study of entrepreneurs’ affect and venture effort. Journal of Applied Psychology, 94(4), 1086-1094.
Forbes, D. P. (2005). Are some entrepreneurs more overconfident than others? Journal of Business Venturing, 20(5), 623-640.
Freear, J., & Wetzel, W. E. Jr. (1990). Who bankrolls hightech entrepreneurs? Journal of Business Venturing, 5(2), 77-89.
Fuchs, V. R. (1982). Self-employment and labor force participation of older males. Journal of Human Resources, 17(3), 339-357.
Gimmon, E., Yitshaki, R., & Hantman, S. (2018). Entrepreneurship in the third age: retirees' motivation and intentions. International Journal of Entrepreneurship and Small Business, 34(3), 267-288.
Hayward, M. L., Forster, W. R., Sarasvathy, S. D., & Fredrickson, B. L. (2010). Beyond hubris: How highly confident entrepreneurs rebound to venture again. Journal of Business Venturing, 25(6), 569-578.
Hayward, M. L., Shepherd, D. A., & Griffin, D. (2006). A hubris theory of entrepreneurship. Management Science, 52(2), 160-172.
Hinz, T., & Jungbauer-Gans, M. (1999). Starting a business after unemployment: characteristics and chances of success (empirical evidence from a regional German labour market). Entrepreneurship & Regional Development, 11(4), 317-333.
Kautonen, T., Down, S., & South, L. (2008). Enterprise support for older entrepreneurs: the case of PRIME in the UK. International Journal of Entrepreneurial Behavior & Research, 14(2), 85-101.
Kautonen, T., Tornikoski, E. T., & Kibler, E. (2011). Entrepreneurial intentions in the third age: the impact of perceived age norms. Small Business Economics, 37(2), 219-234.
Kim, D. Y., & Kwon, S. K. (2013). A study on the korea distribution promotion policy and adjustment policy. Journal of Distribution Science, 11(4), 89-97.
Kim, S. C. (2004). A study on the competition strategies for traditional market. Journal of Distribution Science, 2(2), 17-32.
Kim, S. H., & Kim, Y. K. (2013). A study on the system improvement plan for an efficient market maintenance project. Journal of Distribution Science, 11(4), 23-35.
Kim, W. H., & Ryu, T. C. (2017). Input-output analysis on the economic effect of the Korean traditional retail market supporting project. Journal of Distribution Science, 15(7), 5-17.
Kim, Y. K., Kim, S. H., & Lim, J. (2011), A study on the meaning & classification of conventional markets. Journal of Distribution Science, 9(2), 83-95.
Kulik, C. T., Ryan, S., Harper, S., & George, G. (2014). Aging populations and management. Academy of Management Journal, 57(4), 929-935.
Lee, C. S. (2019). The effects of traditional market support projects and competition intensity of stores on store sales and number of visitors. Journal of Distribution Science, 17(3), 95-103.
Lee, C. S., Kim, Y. K., & Kim, S. H., (2019). The Need for Updating the Survey Population of Traditional Market. Journal of Distribution Science, 17(4), 77-85.
Levesque, M., & Minniti, M. (2006). The effect of aging on entrepreneurial behavior. Journal of Business Venturing, 21(2), 177-194.
Liang, J., Wang, H., & Lazear, E. P. (2018). Demographics and entrepreneurship. Journal of Political Economy, 126(1), 140-196.
Liu, X., Wright, M., & Filatotchev, I. (2015). Learning, firm age and performance: An investigation of returnee entrepreneurs in Chinese high-tech industries. International Small Business Journal, 33(5), 467-487.
Lorrain, J., & Raymond, L. (1991). Young and older entrepreneurs: an empirical study of difference. Journal of Small Business & Entrepreneurship, 8(4), 51-61.
Matricano, D. (2018). Grey vs. Young Entrepreneurs: Are they really that different in terms of entrepreneurial intentions? Empirical evidence from Italy. International Journal of Business and Management, 13(2), 76-86.
Mühlböck, M., Warmuth, J. R., Holienka, M., & Kittel, B. (2018). Desperate entrepreneurs: no opportunities, no skills. International Entrepreneurship and Management Journal, 14(4), 975-997.
Olugbola, S. A. (2017). Exploring entrepreneurial readiness of youth and startup success components:entrepreneurship training as a moderator. Journal of Innovation & Knowledge, 2(3), 155-171.
Roberts, E. B. (1991). High stakes for high-tech entrepreneurs: Understanding venture capital decision making. MIT Sloan Management Review, 32(2), 9-20.
Rosenthal, S. S., & Strange, W. C. (2010), Small establishments/big effects: Agglomeration, industrial organization and entrepreneurship. In E. L., Glaeser (Ed.), Agglomeration Economics (pp.277-302). Chicago, IL: University of Chicago Press.
Samsom, K. J., & Gurdon, M. A. (1993). University scientists as entrepreneurs: a special case of technology transfer and high-tech venturing. Technovation, 13(2), 63- 71.
Schumpeter, J. A. (1947). The creative response in economic history. The Journal of Economic History, 7(2), 149-159.
Singh, G., & DeNoble, A. (2003). Early retirees as the next generation of entrepreneurs. Entrepreneurship Theory and Practice, 27(3), 207-226.
Suh, G. H., Yoon, S. W., & Suh, C. S. (2009). The impacts of entrepreneurial proclivity and merchandising strategy on conventional market and its policy implications. Journal of Distribution Science, 7(3), 71-100.
Timmons, J. (1994). New Venture Creation. Entrepreneurship in the 1990s (4th ed.). Boston, MA:Irwin.
Weber, P., & Schaper, M. (2004). Understanding the grey entrepreneur. Journal of Enterprising Culture, 12(2), 147-164.
Williams, D. R., Duncan, W. J., & Ginter, P. M. (2006). Structuring deals and governance after the IPO:Entrepreneurs and venture capitalists in high tech start- ups. Business Horizons, 49(4), 303-311.
Yoo, S. W., & Lee, S. Y. (2011). A Study on the competition strategy for private super market against super super market. Journal of Industrial Distribution & Business, 2(2), 39-45.
- Downloaded
- Viewed
- 0KCI Citations
- 0WOS Citations