A Study on the Analysis of Operational Efficiency of University Business Incubator in Korea
Authors:   Asia-Europe Perspective Association, Kim Houng-Yu , Lee Jong-Gu 
Published: June 2018

Recently, starting business market has been more specialized and subdivided because of complicated economic environment and diversity of customer needs about employment and starting business market. Based on this situation, business incubator centers were established in universities. However, they have inefficient parts which are not appropriate for the current of time and market needs unlike the early stage when they were founded. In addition, universities are confused about the approach and way to policies even though they have a huge impact on the evaluation of the universities. Therefore, this study tries to provide solutions for these problems.
This study analyze the operational efficiency of the work and result about business incubator centers through Data Envelopment Analysis(DEA). Now, business incubator centers can be said that they do not have any operational efficiency because the history is short and is not be specialized and subdivided. Recently, according to the situation which is not only recession but also unemployment crisis among the young including university students, university students are interested in only starting business in the future. Also, with people increasingly interested in due to social issues, lots of universities are expanding their infra which is related with starting business and establishing connected employment policies. However, as compared to a lot of interests, it is very hard to prepare employment professionals and support system for employment which can be related with employment in short period. Therefore, now the government and lots of universities are trying to approach through various methods such as specializing business incubator center. This study tries to investigate the actual condition about the each operational efficiency through searching the related data including general condition of the business incubator centers' facilities in universities which are located in Seoul. Using this background, this study wants to seek appropriate support system for employment which is connected with policies of business incubator center and also wants to be used as basic data for making programs and policies which can make operational efficiency of work maximize. The focuses of this study are followed.
At first, we seek a method of measurement for operational efficiency which can evaluate based on the conception of the operational efficiency, measure the operational efficiency of business incubator centers in each university through DEA as the method of measurement, and find out work inefficiency which is existed in each business incubator center. Lastly, we analyze them to provide the ways to improve problems on the evaluation for work operational efficiency of business incubator centers based on the efficiency and the evaluation which are measured by various DEA methods as our purpose.
The result of empirical analysis using DEA methods in this study can be summarized as following. This result can provide useful information for improvement of work efficiency to business incubator centers in universities.
First, we try to analyze relative efficiency using DEA methods focused on producing and attracting firms as the work input-output process of business incubator centers in universities among the service industry. It is the first to apply DEA methods for analyzing work efficiency of business incubator center in universities.
Second, we compute the most efficient empirical efficiency frontier which consists of works of business incubator centers in universities.
Third, we provide the standard of object for benchmarking about works of business incubator centers in universities through researching frequency of works of business incubator centers in universities which consist of inefficient their reference group.