Growing startups in Asia, winning locally and scaling beyond the region. We take a look at how South Korean startups disrupt the incumbents in Asia and what kind of strategies they take to scale beyond their local market.
51. CEO Tenures too short
Source: CEO Tenure Rates,Harvard 2018.(https://corpgov.law.harvard.edu/2018/02/12/ceo-tenure-rates/)
52. “
CEO Tenures too short
Source: http://www.theinvestor.co.kr/view.php?ud=20190707000190
According to 2016 data from Seoul-based research firm
CEO Score, the top 30 Korean companies’ CEOs served an
average of about 2.5 years.
57. Tips for incumbents
Don’t undervalue disruptive tech (i.e. Blockchain)
Focus on trends, not tech itself
58. Tips for incumbents
Don’t undervalue disruptive tech (i.e. Blockchain)
Focus on trends, not tech itself
Focus on new business models, not self improvement
59. Tips for incumbents
Don’t undervalue disruptive tech (i.e. Blockchain)
Focus on trends, not tech itself
Focus on new business models, not self improvement
CVC isn’t just about ROI
60. Tips for incumbents
Don’t undervalue disruptive tech (i.e. Blockchain)
Focus on trends, not tech itself
Focus on new business models, not self improvement
CVC isn’t just about ROI
Begin working with Venture Builders
63. "Under the Monopoly Regulation and Fair Trade Act,
startups are banned from receiving additional investments
from CVC firms once the startups became a CVC affiliate
after receiving an investment. This means CVC firms
cannot really keep track of startups’ growth.”