Indian Journal of Science and Technology

Abstract

Although creative products are developed through industrial convergence, the reality is that the success of the products is not assured in the market due to the lack of purchase desire and sympathy of consumers. Thus, this study aims to build a framework for developing a business model in the industrial convergence field so that industrial convergence technology can lead to a business success, beyond commercialization or industrialization. In particular, the present study attempts to set the stages for possibility of commercialization, materialization of infra, business direction, and business goal by reflecting the characteristics of the business environment in Korea and the commercialization process of convergence items, and to provide a tool that can be practically utilized in small and medium enterprises by presenting the components of each stage. 
Keywords: Business Model Framework Introduction, Industrial Convergence, Korean Business Model