Individual company is severely trying to acquire the upper-hands for surviving and developing itself in the atmosphere which is changing drastically. The company has faced the change in its atmosphere (the introduction of a epoch-making communication ...
Individual company is severely trying to acquire the upper-hands for surviving and developing itself in the atmosphere which is changing drastically. The company has faced the change in its atmosphere (the introduction of a epoch-making communication tool such as the INTERNET) which is swaying down the conventional practices, making discontinuity and requiring the new paradigm. In this kind of environment, a company has more possibility to face the uncertainty of future, the risk is reproduced and a company is too difficult to survive and face fierce competition and new atmosphere is forming. But however a company cope with this situation, it gives numerous chances to challenge.
With recent rapid spread of internet, the "hot wind of venture" blown to our country make KOSDAQ settled down as a second capital market in a short period.
But the "hot wind of venture" blown with mistaken notion has induced a public criticism. Sudden riches have come up making a big fortune in a single occasion, wrong investment tendency whoever invest the money to KOSDAQ and get money easily had been spreaded.
However, so-called "venture hot wind" had made the black money flown into the thru KOSDAQ and had given nations a hope triggering a venture business with technology and knowledge.
Many people including investors said that IPO was the final objective of venture. It is important to see the venture business in the view of investment strategy but in the view that a venture business grows and develops into everlasting business the stock listing is not the final objective and the that of venture business was just speculation to make fortune in a single occasion and bubble was cleared just in one year and it showed the reality. As stated above, most of all, IPO must be recognized a new start rather than a final destination. Also the technology of venture business must not be that of engineers themselves but adaptability to the market and only the technology that can meet the needs of customer can be confirmed in the market by the customer. Although all kinds of technology and products produced with them included high-valued technology, they are useless without reflecting from the customer needs. Moreover, after the IPO, for the venture business to make continuous growth, the "step-by-step market strategy" is very important because there can be a chasm and a tornado appeared at a periodic time of products and services according to consumer behavior.
The current situation is considered the worst and the "chasm" of the venture business. The causes seems to be originated from the rack of technology and marketing strategy suitable for the market and the unsettled core-value rather than telling on the capital. It is a rapidly changing era so the company only which forecast the sudden change and prepare the future can get the opportunity to open a new field of enterprise.
It is natural that the venture business is risky and the troublesome era is thought to be faced by all of us together. It is the time that many venture businesses are falling in the mire of failure and also another venture business is created and a failed venture business is struggling to overcome. In this situation only a small number of venture business which overcomes the crisis can reach the final destination.
The venture business should secure the competitiveness such as capital, technology power, marketing strategy and core value to overcome the hardship and develop itself continuously. Only the company only which set up its core value and making a step toward customers can make a continuous growth.
In conclusion the venture business reach the IPO through the efforts which it stand on the basis of high technology and regard the change and threat of a market an opportunity The venture business can be considered to do a social responsibility as going-concern only if it accomplish the continuous growth on the basis of guaranteed market.