국방 벤처기업의 지속적 성장에 관한 탐색적 연구: 아이쓰리시스템(주) 사례를 중심으로
A Study on the Sustainability of Military Defense Venture Firm in Korea: Focused on the Case of i3System Co.
안세연(서울대학교); 김장훈(충남대학교)
24권 2호, 101~113쪽
초록
Purpose: This research aims to analyze the sources of competitive advantage and sustainability of defense start-up companies. As the government has recently prioritized policies to support and foster small and medium-sized companies, research on the sustainability of start-ups is meaningful in itself at a time when the win-win development of large and small companies is emphasized. Research design, data, and methodology: Unlike the private sector, the defense industry has unique characteristics and heterogeneity, in that the defense demand is limited but stable. Also, to meet the government's complex demands, independent technology capabilities are critical, which once are secured help overcome the disadvantages of start-ups. Thus, it is important to identify integrated success factors in consideration of the nature of the unique industry and technological capabilities of a company. We conduct a case analysis of the success story of i3systems and provide strategic implications for venture firms in pursuing sustainable growth. Results: The founder jumped into the business based on his experience participating in government-sponsored R&D projects and expertise in microelectronics. Through multiple trials and errors, i3systems managed to develop censors, modules and product systems using independent technology and succeeded in delivering them to the Ministry of National Defense thanks to the competitiveness of their products. After developing a dental diagnostic apparatus equipped with x-ray imaging sensors, i3systems is now seeking to diversify and to enter the medical equipment market. Eventually, i3systems laid a foundation for continuous growth, by entering the private sector while satisfying the demands of the defense sector. Implications: The sustainability of i3systems will depend on its competitiveness in the military defense sector and making a soft-landing in the medical equipment market. The study results present interesting strategic and policy implications that ensure the dual use of defense venture firms.
Abstract
Purpose: This research aims to analyze the sources of competitive advantage and sustainability of defense start-up companies. As the government has recently prioritized policies to support and foster small and medium-sized companies, research on the sustainability of start-ups is meaningful in itself at a time when the win-win development of large and small companies is emphasized. Research design, data, and methodology: Unlike the private sector, the defense industry has unique characteristics and heterogeneity, in that the defense demand is limited but stable. Also, to meet the government's complex demands, independent technology capabilities are critical, which once are secured help overcome the disadvantages of start-ups. Thus, it is important to identify integrated success factors in consideration of the nature of the unique industry and technological capabilities of a company. We conduct a case analysis of the success story of i3systems and provide strategic implications for venture firms in pursuing sustainable growth. Results: The founder jumped into the business based on his experience participating in government-sponsored R&D projects and expertise in microelectronics. Through multiple trials and errors, i3systems managed to develop censors, modules and product systems using independent technology and succeeded in delivering them to the Ministry of National Defense thanks to the competitiveness of their products. After developing a dental diagnostic apparatus equipped with x-ray imaging sensors, i3systems is now seeking to diversify and to enter the medical equipment market. Eventually, i3systems laid a foundation for continuous growth, by entering the private sector while satisfying the demands of the defense sector. Implications: The sustainability of i3systems will depend on its competitiveness in the military defense sector and making a soft-landing in the medical equipment market. The study results present interesting strategic and policy implications that ensure the dual use of defense venture firms.
- 발행기관:
- 한국유통경영학회
- 분류:
- 무역학