Abstract
The purpose of this paper is studying the existence of Chasm, which is generated in the growth process of a cluster created by policy. In this paper, the generating mechanism of Chasm is clarified by investigating and analyzing the case of Taedok-Valley, which is a typical high-tech cluster in South Korea.
Moore defines a term called Chasm as “the big challenge or a deep slot which a venture business experiences in the growth process”, and supposes that Chasm must be overcome for a venture business to grow rapidly. In this paper, the term of Chasm is regarded as “a challenge which Innovation Cluster (IC) experiences in the growth process itself”, and it supports that the cluster experiences clearly different Chasm from IC formed spontaneously. Whether IC continues to grow further or falls to Chasm and declines depends on greatly how each of IC can overcome the Chasm.
