Research Article
Growth Mechanism of IDIS Group on Creative People, Innovative Technology and M&A Strategy
1 Inha University, 2 Seoul School of Integrated Sciences and Technologies, 3 IDIS Holdings
Published: January 2021 · Vol. 25 · pp. 195-217
DOI: https://doi.org/10.17287/kbr.2021.25.0.195
Full Text
Abstract
The purpose of this case study is to examine the mechanism of successful business growth of an entrepreneur with his philosophy in creativity and innovation. IDIS was founded by CEO Young-dal Kim and its founding members while attending the Ph.D. in Computer Science at KAIST Graduate School. They developed the world's first DVR product, and are currently leading digital technology in the field of security. In particular, in the process of advancing to high-end markets such as NASA, technological prowess was recognized, and state-of-the-art security equipment was installed throughout the Opera House from the main stadium of the ‘2000 Sydney Olympics’. Since then, the world has begun to be interested in IDIS technology. IDIS finally reached the top of the world by leading the security field in an environment in which the paradigm to the era of digital transformation is rapidly changing. The core of this case is to look at his “management with philosophy” that CEO Kim is taking on a new challenge as the CEO of a company that has reached the top of the world. He now wants to become an entrepreneur who contributes to creating ‘social wealth’ from an engineer who dreamed of innovation. In other words, his philosophy is that social responsibilities and roles should be expanded as the size of a company grows, and companies should continuously create quality jobs and lead the happiness of members and the development of local communities. The strategy and achievements of IDIS Holdings as a top-rated company are summarized in the followings. First, CEO Kim transformed IDIS into a holding company as a strategy to continuously create social wealth, such as job creation and security, rather than just expanding the scale. Second, as a result of finding “a company that can become the global number one with domestic technology,” KORTEK, BIXOLON, and IDP have successfully formed a business portfolio. Third, unusually, the founders personally visited CEO Kim and proposed M&A, and actually all growing successfully after M&As.
