• Title/Summary/Keyword: Business model innovation

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Framework for Assessing Maturity of Future Manufacturing System (미래 제조시스템 성숙도평가 프레임워크)

  • Lee, Jeongcheol;Chang, Tai-Woo;Park, Jong-Kyung;Hwang, Gyusun
    • The Journal of Society for e-Business Studies
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    • v.24 no.2
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    • pp.165-178
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    • 2019
  • In an environment transformed by smart factories, measuring the current level of the manufacturing system, deriving improvement targets and tasks and increasing the level of manufacturing competitiveness become the basic activities of the company. However, research on the component analysis and maturity assessment to ensure the future competitiveness of the company is in progress and in the early stages. This study analyzed the existing research on various models, development process, and framework for manufacturing system. In addition, we designed a structural model by deriving the components of future manufacturing system through smart factory related maturity assessment studies. We designed a meta-model that includes an assesment model and a transformation model, and derived the framework development process to propose an integrated framework for the maturity assessment of the future manufacturing system. We verified it by applying it into an actual evaluation project of smart factory.

Building a Sustainable Competitive Advantage for Multi-Level Marketing (MLM) Firms: An Empirical Investigation of Contributing Factors

  • Keong, Lee Siew;Dastane, Omkar
    • Journal of Distribution Science
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    • v.17 no.3
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    • pp.5-19
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    • 2019
  • Purpose - The purpose of this research is to investigate the factors contributing to sustainable competitive advantage for multi-level marketing (MLM) firms in Malaysia. The selected variables in this study are company image, product innovation, leadership, distributor rewards system and distributor training system. Research design, data, and methodology - Quantitative research method is employed with collected sample size of 398 respondents using judgmental sampling technique. Normality and reliability test were performed in the first stage utilizing SPSS 22 and Confirmatory Factory Analysis (CFA) and variance analysis were obtained in the subsequent stage, following up with the overall fit of the measurement model, Structural Equation Model (SEM) using AMOS 22 with maximum likelihood estimation to assess the internal consistency, convergent validity and discriminant validity. Results - The research findings show that company image, leadership, distributor rewards system and distributor training system were supported and are factors affecting the sustainable competitive advantage of MLM companies in Malaysia. However, in this study, product innovation was not supported but this result does not depict that it is trivial and inconsequential in maintain sustainable advantage. Conclusion - Companies can build sustainable competitive advantage by focusing on these contributing factors. Several other comments and implications were brought to light and discussed in the paper.

Effective Management and Utilization of Hydrogen Production Technology Using Multi-layered Model, Strategic Niche Management, and Need Factor Theory (다층적 모델, 전략적 니치 관리 및 필요성 인자 이론을 활용한 수소 생산 기술의 효과적 관리와 활용 방안 )

  • JOONHEON KIM;JONGHWA PARK;DAEMYEONG CHO
    • Transactions of the Korean hydrogen and new energy society
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    • v.35 no.2
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    • pp.129-139
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    • 2024
  • The significance of hydrogen economy and production technology is steadily increasing. This research reviewed strategies for utilizing hydrogen production technology by combining a multi-layer model, strategic niche management, and the need factor for Hoship. The model was validated as a strategy considering hydrogen production technology and the transformation of the energy system. Using this, a new business model for hydrogen production technology was created, finding a strategic niche and sophisticating the technology. It also proposed ways to unlock the potential of hydrogen production technology and improve its efficiency. This work contributes to the commercialization of hydrogen production technology and its role in sustainable energy conversion. It proposes a new and effective approach for utilizing hydrogen production technology, going beyond its limitations to suggest a more efficient method. It is hoped that these results will be helpful to researchers in hydrogen energy, and serve as a reference for establishing ways to utilize hydrogen production technology.

A Case Study W Company on the productivity innovation by changing U-Line into the TPS (TPS를 이용한 자동차 Press 부품 가공 W사 사례연구)

  • Han, Myoung-Soo;Ree, Sang-Bok
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2010.04a
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    • pp.67-73
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    • 2010
  • This study began the study by instructing enterprises to change Batch Production into U-Line. This study suggested TPS U-Line building model process and applied it to some of their product line. By connecting concerned process elements into continuous operations. Outside orders were also switched to inside operations and executed in continuous operations, thereby about 100Km of transit distance became zero Km, Production lead Time was incredibly reduced. After all, 90% of Production Lead Time, 50% of handling fault, 3/4 of workers decreased and Productivity per Person enhanced which involves improving Batch Production into Continuous Production and applies it to the real world, so that small and medium enterprises can consult this study if the company is willing to make an improvement to their product line.

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Corporate Social Responsibility for Charity or for Service Business?

  • Enquist, Bo;Edvardsson, Bo;Sebhatu, Samuel Petros
    • International Journal of Quality Innovation
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    • v.9 no.1
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    • pp.55-67
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    • 2008
  • Following this introduction, this paper presents two conceptual and theoretical analyses-(i) CSR and its relation to profit and charity (ii) CSR as part of a service business model. The paper then illustrates these concepts using a comparative study of four service firms, with particular emphasis on their different CSR activities and how these affect the mission of each company. All four of the service companies are global actors with strong Service Brands (Edvardsson, Enquist and Hay, 2006) and a leading position in using CSR as a driving force for doing business: IKEA, Starbucks, H&M and the Body Shop. The paper then draws together the conceptual analysis and the case studies in a discussion of how CSR can be a proactive driver in the service business. Because of the limit space for a QMOD paper the focus is on the conceptual and theoretical analysis part and the empirical part and discussion/conclusion has to be further developed.

The Roles of Intermediaries in Clusters: The Thai Experiences in High-tech and Community-based Clusters

  • Intarakumnerd, Patarapong
    • Journal of Technology Innovation
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    • v.13 no.2
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    • pp.23-43
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    • 2005
  • Industrial clusters are geographical concentrations of interconnected companies, specialised suppliers, service providers, firms in related industries, and associated institutions (for example, universities, standard agencies, and trade associations) that combine to create new products and/or services in specific lines of business. At present, the concept of industrial cluster becomes very popular worldwide, policy makers at national, regional and local levels and business people in both forerunner and latecomer countries are keen to implement the cluster concept as an economic development model. Though understanding of clusters and related promoting policies varies from one place to another, the underlying benefits of clusters from collective learning and knowledge spillovers between participating actors strongly attract the attention of these people. In Thailand, a latecomer country in terms of technological catching up, the cluster concept has been used as a means to rectify weakness and fragmentation of its innovation systems. The present Thai government aspires to apply the concept to promote both high-tech manufacturing clusters, services clusters and community-based clusters at the grass-root level. This paper analyses three very different clusters in terms of technological sophistication and business objectives, i.e., hard disk drive, software and chili paste. It portrays their significant actors, the extent of interaction among them and the evolution of the clusters. Though are very dissimilar, common characteristics attributed to qualified success are found. Main driving forces of the three clusters are cluster intermediaries. Forms of these organizations are different from a government research and technology organization (RTO), an industrial association, to a self-organised community-based organization. However, they perform similar functions of stimulating information and knowledge sharing, and building trust among participating firms/individuals in the clusters. Literature in the cluster studies argues that government policies need to be cluster specific. In this case, the best way to design and implement cluster-specific policies is through working closely with intermediaries and strengthening their institutional especially in linking member firms/individuals to other actors in clusters such as universities, government R&D institutes, and financial institutions.

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Research for activation of new industry-university cooperation (신(新)산학협력 활성화 방안 연구)

  • Kim, Taeyoung;Sul, Won-Sik;Lee, Yeoungil;Ko, Hyuk-Jin
    • Journal of Digital Convergence
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    • v.17 no.12
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    • pp.77-82
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    • 2019
  • In this paper, we propose a new industry - university collaboration plan through the analysis of the present state of industry-academia cooperation and government support projects, and analysis of major overseas cases. The following is the plan for activating the new crop cooperation. First, it is necessary to strengthen the innovation of education system and establishment of new education course based on future demand through future-oriented industry-university cooperation. Second, active industry-academia cooperation should stimulate entrepreneurship education and entrepreneurship based on university resources. Third, it should act as an anchor of regional innovation by actively cooperating with local innovation entities. It is necessary to develop an industry-university cooperation model that can generate profits and contribute to university finance.

E-commerce Adoption of Small and Medium-Sized Enterprises During COVID-19 Pandemic: Evidence from South Asian Countries

  • HOSSAIN, Md Billal;WICAKSONO, Tutur;NOR, Khalil Md;DUNAY, Anna;ILLES, Csaba Balint
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.1
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    • pp.291-298
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    • 2022
  • COVID-19 has spread across the world in the last two years, confining people to their homes and shutting down businesses and markets. The world is currently experiencing a catastrophic economic and social crisis. To benefit people and to protect them, industries invented new products. These products were made by small and medium-sized businesses across the globe. In South Asia, there was also a rigorous lockdown, people were laid off, and SMEs adopted E-commerce to assist clients and customers. Therefore, the study aims to analyze the impact of the COVID-19 pandemic on E-commerce adoption through open innovation strategies in South Asian countries. 500 respondents were selected through an online questionnaire to collect data from different countries of South Asia. The prominent countries are; India, Pakistan, and Bangladesh. The results of the study show that perceived compatibility and complexity have a positive influence on E-commerce adoption. In normal circumstances, however, the open innovation model is feasible. Knowledge and experience sharing and management attitude have a moderate impact on E-commerce adoption. These results are beneficial for researchers and SME managers in South Asia to overcome the challenges of the COVID-19 pandemic and increase the number of skilled people employed. This study suggests that SMEs should hire skilled workers to upgrade their systems.

A Study on the Application Plan of Basic Original Technology in Science & Research Parks : Focus on Science Parks in Korea (과학연구단지의 기초원천 기술 활용방안에 관한 연구 : 지방과학연구단지를 중심으로)

  • Lee, Won Cheul;Choi, Jong-In
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.3
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    • pp.63-74
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    • 2014
  • From the 1950s, the science parks were begun the composition as a way for innovation and commercialization in the world around developed countries. Since the 1980s, Korea also starting with quantitative investment in R & D for technology innovation, so far has been a continuous effort. Korea's patent creation level according to these R & D investment is already within the world's top 10, but the fact that the domestic technology trade balance appearing current competitive level compared to the developed technology is very insufficient. This means that the creation of economic value is low as compared with financial commitment. Therefore the plans to ensure the economic value through technology are required. As one of plans to do this for local economy activation through technical advances, constructing regional innovation systems and making science parks have been made. These science parks are required to develop the basic original technology in order to secure new growth engines, but the science parks in Korea are facing difficulties of performing research and development for regional industry advancement and local economy activation. Accordingly, this study attempts to organize the concept of 'science park' is similar but there is difference, and to compare institutions with similar functions based on regional innovation systems theory. In addition, the study is to obtain the application plans of basic original technology in science & research Parks through the model for overcoming weaknesses of Korea's innovation system and enabling organic cross-linking between institutions.

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The Impact of Entrepreneurial Leadership on Individual Creativity: Moderating Role of Innovation Climate and Mediating Role of Psychological Empowerment (기업가적 리더십이 조직 구성원의 창의성에 미치는 영향: 혁신 분위기의 조절효과 및 심리적 임파워먼트의 매개효과)

  • Kwon, Sang-Jib
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.17 no.3
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    • pp.77-87
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    • 2022
  • Previous literatures have provided growing evidence regarding the impact of leadership in enhancing follower creativity. Despite these ample evidences, a noticeable omission in this body of study is entrepreneurial leadership. The present study extends leadership·creativity research by developing a mediation-moderation model and investigating the key roles that innovation climate and psychological empowerment may play in the mechanism between entrepreneurial leadership and followers' individual creativity. Using a data of 161 SME's members, the results show that: (a) followers' psychological empowerment positively mediates the relationship between entrepreneurial leadership and individual creativity; (b) the impact of entrepreneurial leadership on followers' psychological empowerment through innovation climate is high (in other words, innovation climate positively moderates the relationship between entrepreneurial leadership and followers' psychological empowerment). This study gain more comprehensive insight of individual creativity and leader's entrepreneurial leadership, to foster more creative venture organizations. The findings of this study make several important implications to present venture·leadership·creativity knowledge. Future studies should examine a broad range of mediating or moderating processes through which context for innovation effects positively on individual creativity. Therefore, additional study is needed to test if the results of this research can be generalized across industry·firm types.