A Study on Analysis of Community Business Components and Importance Based on Local Resources

In Korea, community businesses have been sought as an alternative to overcome the outflow of local population, regional imbalances, and long-term economic stagnation, and to create jobs. Since then, many cases have emerged, and some of them have grown steadily, while others have shown limitations such as remaining at the level of community activities due to weaknesses in business models, dependence on policy support, and limitations in management capabilities. Meanwhile, recent community businesses are attempting various strategies such as creating added value and new industrial groups by more actively utilizing local resources, strategies that make the entire community a business complex, and strategies that actively expand the market. Therefore, this study analyzed the components and importance of community business based on local resources as a useful alternative that can revitalize regions in crisis and enrich community life, 20 years after the introduction of community business in Korea.