The Evolution of the ICT Start-Up Eco-System in Japan: From Corporate Logic to Venture Logic?

Saïd Business School WP 2016-30

Forthcoming, Tsutomu Nakano (ed.) The Japanese Business System in Evolution: New Directions, Breaks, and Emerging Practices, Routledge

23 Pages Posted: 22 Dec 2016

See all articles by Masahiro Kotosaka

Masahiro Kotosaka

Keio University

Mari Sako

University of Oxford - Said Business School

Date Written: October 6, 2016

Abstract

This paper uses the notion of institutional logics to advance our understanding of institutional change in the ICT start-up eco-system in Japan. We chose to study ICT start-ups because the rates of entry, growth, and exit are faster in this sector than in others, making it easier to observe institutional change. Our study, based on data from interviews, closed master classes and document analysis, is presented in three steps. First, we describe the two logics that coexist in the ICT start-up eco-system, namely Corporate Logic and Venture Logic, and practices under each logic in three arenas, namely the capital market, the labor market, and social networks. Second, we identify several factors that enabled the emergence of Venture Logic during the period since the mid-1990s. Third, looking into the future, we discuss the reasons why we predict that the two logics are likely to co-exist in this field, resulting in organizational heterogeneity.

Suggested Citation

Kotosaka, Masahiro and Sako, Mari, The Evolution of the ICT Start-Up Eco-System in Japan: From Corporate Logic to Venture Logic? (October 6, 2016). Saïd Business School WP 2016-30, Forthcoming, Tsutomu Nakano (ed.) The Japanese Business System in Evolution: New Directions, Breaks, and Emerging Practices, Routledge, Available at SSRN: https://ssrn.com/abstract=2888377

Masahiro Kotosaka

Keio University ( email )

2-15-45 Mita
Minato-ku
Tokyo, 108-8345
Japan

Mari Sako (Contact Author)

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain

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