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The Internalization Strategies for Venture Business

The Journal of Distribution Science / The Journal of Distribution Science, (P)1738-3110; (E)2093-7717
2009, v.7 no.3, pp.101-122
https://doi.org/https://doi.org/10.15722/jds.7.3.200909.101
Kim, Sung-Ho
Kim, Pan-Jin
Na, Seung-Hwa

Abstract

This study examines internationalization determinant factors, motivation and goal of internalization, market entry methods, timing, region, internalization strategy and access method, internationalization performance and success factors, problems and troubles of internalization, and ultimately suggests internalization strategies for domestic venture companies. The study found that interior factors of internationalization determinant factors are characteristics of new firm and technological capabilities while exterior factors include narrow domestic market, industrialization level, competition level, product life cycle, economy of scale, and global network. Motivation was found to include securing and preoccupying market, cost reduction and efficient production through moving of production base, and the necessity of network formation.

keywords
벤처기업, 국제화, 시장진입

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The Journal of Distribution Science