코스닥 등록 이후 벤처기업의 성장전략에 관한탐색적 사례연구

This paper studies cases on KOSDAQ listed venture companies for the purpose of apprehending effective growth strategy of venture business after IPO. Especially, this analysis classified growth strategy types in four classes based on axes of products group diversification and market diversification, and analyzed in simultaneous consideration of each growth strategy type and growth method. Analysis result showed different growth pattern in growth strategy type and method between successful companies and sluggish companies. While successful companies try products group diversification by internal development in T1 period which is immediately after IPO, sluggish companies are found as trying products group diversification by M&A in T2 period which is after lapse of some time from IPO. Especially with regard to connection with existing products group, successful companies launched products group highly connected with existing products group, and sluggish companies are found as launching products group that are completely different from existing products groups. Furthermore, this study analyzed on purpose and method of subsidiary incorporation and investment into other companies as well. Based on the result thereof, this paper derived practical implications on growth strategy by venture business after IPO.