• Title/Summary/Keyword: Business Innovation

Search Result 2,804, Processing Time 0.026 seconds

Spatial Characteristics and Driving Factors Toward the Digital Economy: Evidence from Prefecture-Level Cities in China

  • WANG, Haita;HU, Xuhua;ALI, Najabat
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.9 no.2
    • /
    • pp.419-426
    • /
    • 2022
  • The digital economy is becoming an increasingly important source of regional competitiveness enhancement. The purpose of this research is to examine the spatial distribution characteristics of China's digital economy from 2016 to 2019. Moran's I analysis was performed to see if China's digital economy has spatial self-correlation. The Getis-Ord General G test was used to determine the clustering type of China's digital economy. In addition, we used OLS and GWR methodologies to figure out what drives China's digital economy level. The findings show that the digital economy is rapidly expanding throughout China; yet, there is a significant regional imbalance in the digital economy level in China, and the agglomeration of the digital economy is increasing over time. Furthermore, the findings reveal that human capital, information staff, telegram income, and Internet access are vital factors in the development of the digital economy. To close the digital economy gap, policymakers must invest in human capital and technology innovation. Simultaneously, the government must speed up the development and implementation of electronic information services.

Investigating Employee and Customer Perceptions on ICT Utilization: CRM and Policy Implications

  • YU, Eun Hye;CHO, Yooncheong
    • The Journal of Industrial Distribution & Business
    • /
    • v.13 no.2
    • /
    • pp.17-31
    • /
    • 2022
  • Purpose: The purpose of this study is to analyze factors affected by the ICT utilization with perspectives of employees (Study 1) and customers (Study 2) that are rarely approached in previous studies. In particular, this study examined how proposed factors on ICT utilization affect employee satisfaction, organization performance, customer satisfaction, and purchasing decision making. Research design, data and methodology: This study conducted an online survey to measure the effects. Cronbach's alpha was applied to test reliability and factor analysis was applied to check validity. Multiple regression analysis and ANOVA were applied to test hypotheses. Results: The results of this study found that the effects of self-development and organizational innovation on employee satisfaction were significant for study 1, while the effects of product satisfaction, promotional offers, and customer communication on purchase decision making were significant for study 2. Conclusions:This study provides managerial and policy implications. At the management level, it is necessary to make specific strategies to improve employee and customer satisfaction and organization performance associated with the utilization of ICT. The results of this study suggest that better policy should be prepared by government to foster utilization of ICT infrastructure and to enhance better relationships with employees and customers.

Spending on Distribution Information and Communication Technologies and Cost-Effective Operation in Banks

  • PHAN, Anh;LU, Chi Huu;NGUYEN, Phuong Minh
    • Journal of Distribution Science
    • /
    • v.20 no.9
    • /
    • pp.11-21
    • /
    • 2022
  • Purpose: Many concerns have appeared in banking sector in the digital era and one of them is that technology development will increase operation costs of banks. Motivated by this issue, our study aims to explore the effect of technological and digital investments on cost-effectiveness of banking operation. Research design, data and methodology: To reach a clear answer, we use the data of 12 commercial banks spanning from 2011 to 2020 in Vietnam and employ multivariate regression analysis as well as perform various robustness tests. Results: Our regression result indicates that the adverse effect of technological spending on cost-effective operation. This finding still remains unchanged when we conduct different robust tests. Also, we find that this negative impact becomes more evident in large banks than in small ones. Conclusions: The paper provides one of the most important empirical results for mangers and policy-makers in banking sphere, especially in Vietnam where regulators have been calling for continuously investing into technological innovation in banks. The evidence confirms that banks should carefully consider an increase in spending on distribution information and communication technologies when constructing business strategies related to expanding digitalization. Our research is also useful for countries having similar financial structure to Vietnam.

Financial ESG and Corporate Sustainable Development: the Moderating Effect of Attention (금융업 ESG와 기업의 지속 가능한 발전: 관심도 조절 역할)

  • Dongmei Li
    • Journal of Digital Policy
    • /
    • v.2 no.1
    • /
    • pp.9-19
    • /
    • 2023
  • ESG is a kind of financial data that pays more attention to corporate environment, social responsibility and corporate governance. This study explores the relationship between ESG and corporate sustainable development through empirical analysis. This study uses the regression method of fixed effects to conduct empirical research on the data of China's A-share listed companies from 2015 to 2020. The research results show that: good ESG performance can promote the sustainable development of enterprises. At the same time, the higher the attention, the better the ESG performance can promote the sustainable development of enterprises. This study enriches the related research on ESG and has certain reference value for promoting the sustainable development of enterprises.

Incremental Analysis for Introduction of Advanced Robotic Laser Coating Removal System for Depainting of Fighter Jets (전투기 도장 제거용 로봇형 레이저 코팅 제거 시스템 도입 의사결정을 위한 증분분석)

  • Chang Young Lee;Jong Hun Park
    • Journal of Korean Society of Industrial and Systems Engineering
    • /
    • v.45 no.4
    • /
    • pp.8-20
    • /
    • 2022
  • The paint removal of fighter jets is just as important as the painting, because perfect paint removal ensures the quality of the exterior painting on the aircraft. However, the current conditions for paint removal work of the ROKAF's are poor. It is identified that the painting process currently implemented by the ROKAF is not only exposed to harmful compounds such as harmful dust and hexavalent chromium, but also consumes a lot of water. Thus, the introduction of advanced facility is considered. This study compares the fighter jets painting removal process currently applied by the Korean Air Force with the improved laser coating removal process of the US Air Force, and conducts an incremental analysis to perform economic analysis for the introduction of advanced facility. Four scenarios were envisioned on the premise of an increase in the number of fighters in the future, incremental analysis shows that laser coating removal method is advantageous in all scenarios. In addition, it is recommended that paint removal cycle keeps the current 12-year and the outsourcing amount to civilian depot is reduced.

Investigating the Impacts of IT Strategy on IT Investment and Management Performance in SCM Companies (SCM 기업들의 IT전략이 IT투자와 경영성광에 미치는 영향)

  • Kim, Jong-Weon;Kim, Eun-Jung
    • Journal of Korea Society of Industrial Information Systems
    • /
    • v.14 no.2
    • /
    • pp.59-71
    • /
    • 2009
  • A great number of companies continue to invest heavily in information technology such as SCM The reasons for this investment vary, but the principal belief is that they will use the technology to gain competitive advantage in today's highly dynamic and changing business market. In order to identify the SCM management performance, this study investigates the impacts of information technology strategy(operation-oriented and market-oriented) on the information technology investment direction(internal system orientation and external system orientation), process innovation level and management performance(non-financial performance and financial performance). This study collected data on-line and off-line from enterprises which implement the supply chain management. The 82 responses were used for the statistical analysis.

Do Industry 4.0 & Technology Affect Carbon Emission: Analyse with the STIRPAT Model?

  • Asha SHARMA
    • Fourth Industrial Review
    • /
    • v.3 no.2
    • /
    • pp.1-10
    • /
    • 2023
  • Purpose - The main purpose of the paper is to examine the variables affecting carbon emissions in different nations around the world. Research design, data, and methodology - To measure its impact on carbon emissions, secondary data has data of the top 50 Countries have been taken. The stochastic Impacts by Regression on Population, Affluence, and Technology (STIRPAT) model have been used to quantify the factors that affect carbon emissions. A modified version using Industry 4.0 and region in fundamental STIRPAT model has been applied with the ordinary least square approach. The outcome has been measured using both the basic and extended STIRPAT models. Result - Technology found a positive determinant as well as statistically significant at the alpha level of 0.001models indicating that technological innovation helps reduce carbon emissions. In total, 4 models have been derived to test the best fit and find the highest explaining capacity of variance. Model 3 is found best fit in explanatory power with the highest adjusted R2 (97.95%). Conclusion - It can be concluded that the selected explanatory variables population and Industry 4.0 are found important indicators and causal factors for carbon emission and found constant with all four models for total CO2 and Co2 per capita.

Prior Literature Investigation of the Human Resource Management (HRM) in the Fourth Industrial Revolution (4IR)

  • Eungoo KANG
    • Fourth Industrial Review
    • /
    • v.3 no.2
    • /
    • pp.27-35
    • /
    • 2023
  • Purpose - In this study, the current author explores how Human Resource Management (HRM) is changing in the context of the Fourth Industrial Revolution (4IR). Understanding the distinctive features of HRM in this day is crucial, given how rapidly industries are changing due to technology. Research design, data, and methodology - This study adopts a thorough literature review methodology to pinpoint and clarify these distinctive characteristics, advancing our understanding of the role of HRM in the modern world. Regarding methodology, this study uses the PRISMA approach to systematically gather pertinent publications from various sources that have undergone peer review. Result - By carefully choosing and examining these studies, the present author was able to identify four crucial HRM traits that are representative of the Fourth Industrial Revolution. The findings emphasizes how common flexible work schedules are. Using data analytics to influence HRM decisions is increasingly important for maximizing hiring, reviewing performance, and fostering organizational growth. Conclusion - By recalibrating their HRM practices in the 4IR, businesses may encourage flexibility, innovation, and employee well-being. This work makes a substantial contribution to both HRM theory and practice and our comprehension of the transformative effects of the 4IR by filling a gap in the existing literature.

Distribution of Knowledge through Online Learning and its Impact on the Intellectual Potential of PhD Students

  • Dana KANGALAKOVA;Aisulu DZHANEGIZOVA;Zaira T. SATPAYEVA;Kuralay NURGALIYEVA;Anel A. KIREYEVA
    • Journal of Distribution Science
    • /
    • v.21 no.4
    • /
    • pp.47-56
    • /
    • 2023
  • Purpose: the research aims to analyze the impact of the distribution of knowledge through online learning on the intellectual potential of PhD students and produce recommendations for policy to improve intellectual capacity. During the literature review, it was determined that a large number of studies examined the impact of online learning on the quality of education at different levels. Research design, data and methodology: the research methodology is based on subjective assessment and studying the students' opinions. The basis of the study was a comprehensive analysis of primary data obtained through a sociological survey of PhD students. 324 respondents from humanitarian, medical and natural faculties participated in the survey. Results: the study revealed that online learning helps increase students' intellectual potential. PhD students had a positive attitude towards the transition from traditional education to online learning. It should be noted that, according to the results, the most popular gadgets were laptops and smartphones, which were characterized by high mobility and ease of use. Based on the obtained results, recommendations were developed for the formation of online learning with a focus on increasing students' intellectual potential. Conclusions: based on the results of the assessment of educational and innovative potential, policy recommendations and further research in this area were proposed.

The Effect of Quality Management System of Small and Medium Manufacturing Companies on Management Performance in the Age of Digital Transformation: Focusing on the Leadership Mediation Effect (디지털 전환시대에 중소제조기업의 품질경영시스템이 경영성과에 미치는 영향: 리더십 매개효과를 중심으로)

  • Lee, JuYong
    • Journal of Korea Society of Digital Industry and Information Management
    • /
    • v.18 no.1
    • /
    • pp.163-177
    • /
    • 2022
  • The purpose of this study is to analyze the impact of quality management system requirements, which are techniques for management innovation to secure competitiveness of small and medium-sized manufacturers, on management performance as economic uncertainties increase and non-face-to-face culture spread. To this end, a survey was conducted on small and medium-sized manufacturing companies that maintain ISO certification. As a result of the study, first, it was found that planning had a positive effect on management performance among the requirements of the quality management system. Second, it was found that improvement among the requirements of the quality management system had a positive effect on management performance. Third, in the relationship between the requirements of the quality management system and management performance, leadership was found to have a complete mediating effect on planning. This means that the CEO plays a large role in establishing strategies for companies to gain a competitive advantage and will contribute to establishing all measures.