• Title/Summary/Keyword: Business success

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Successful Business Model on Music Industry: SK Telecom MelOn (음악 산업에 있어 성공적 비즈니스 모델인 SK Telecom의 멜론(MelOn))

  • Yoo, Pil Hwa;Lee, Sukekyu;Kim, Kyoungsik
    • Asia Marketing Journal
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    • v.8 no.3
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    • pp.141-159
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    • 2006
  • On November 16th 2004, SK Telecom Co., Ltd. launched 'MelOn' , an ubiquitous music service, into the first time in the world. It, new business model in Korea, was a great success in domestic music industry. Its key success factors are not only differential features of service but also the superiority of technical know-how, customer-oriented spirit, and marketing mix activities compared to many competitors. The case shows how MelOn developed and then introduces what on-line music service is identifying the key success factors and presenting visible outcomes. Furthermore discussing its business implications and future challenges.

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A Study on the Critical Success Factors and Practical Method of Information System Disaster Recovery : Assuring Business Continuity of Information System Interface Specification Modeling (정보시스템 재해복구의 핵심성공요인(CSF)과 실천방안에 관한 연구)

  • Jeong, Young-Hee;Lee, Jung-Hoon;Kim, Eun-Young
    • Journal of Information Technology Services
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    • v.10 no.4
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    • pp.83-101
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    • 2011
  • Since most of companies these days are utilizing the Information system actively, Information System is the most important factor which should be recovered in terms of Business Continuity. However, a lot of enterprises have been outsourcing their Disaster Recovery Center. Therefore, it is highly possible that the information system can not work well and result in the discontinuity of business when any trouble arises because of seperated plan of Business Continuity and Disaster Recovery. The study draws critical success factors for successful disaster recovery through researches of 42 documents. Then, factors are reviewed through interviews with consultants, experts of Business Continuity Plan and the information system officers of domestic banks. Domestic companies can make use of the study when they develop or renew Disaster Recovery Plan or Information System in terms of Business continuity.

BALANCED SCORECARD PERFORMANCE MEASUREMENT AND CONTRACTOR SELECTION USING A WEB-BASED SYSTEM

  • J. Johnson;V. Peansupap;S. Jayasena
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.259-268
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    • 2007
  • In a very competitive construction business environment there is a need to measure and manage business performance across a wider spectrum of business success criteria. The Balanced Scorecard (BSC) and Triple Bottom Line (TBL) reporting concepts are emerging as champions in the race for sustainable business success. The construction business organisations are often judged based on their financial performance as well as wider performance. This paper aims at developing a universally accepted tool for assessing contractors' wider business performance in the construction industry. A prototype of web-based business performance measurement system has been developed to help contractors assess their own performance aimed at uplifting their performance. The consultants/clients can also use the tool to measure contractors' performance in a value-based contractor selection. The system was developed based on the research conducted among 63 senior construction professionals and therefore further research with the participation of a large number of managers across different countries and also an upgrade of the system will be required.

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Analysis on the Relationship between Each of the Steps in the Complex Shopping Mall Development (복합쇼핑몰 개발과정에서 각 사업단계간의 관련성 분석)

  • Lee, Chan-Ho
    • Journal of Digital Convergence
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    • v.13 no.8
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    • pp.83-89
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    • 2015
  • In the process of complex shopping mall development, all the steps (business planning step, pre-sale & completion step, management & operations step) head towards a consistent ultimate goal in an overall business perspective. In this study, we analyze using a structural equation model if an appropriate relations between each of the steps are formed to achieve the ultimate goal. In this study, we find a positive relationship between business planning step and pre-sale & completion step, and also find that for success pre-sale & completion, a faithful business plan is necessary. But we find no statistically significant relationship under significant level 0.05 among business planning step and management & operations step and the level of success, pre-sale & completion step and management & operations step and the level of success, management & operations step and the level of success. This suggests that each of the steps does not form a close relationship to achieve the consistent goal in the complex shopping mall development and each one is doing a short-sighted work for its own profit.

Weight Analysis of Critical Success Factors for Business Intelligence System (비즈니스 인텔리젼스 시스템 성공요인의 중요도 분석)

  • Hong, Hyun-Gi
    • Journal of Digital Convergence
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    • v.10 no.7
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    • pp.93-98
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    • 2012
  • The rapid change of business environments request the company to act more smart and intelligent in making business strategies and planning the business processes. To meet this requirement, we need to have smart Business Intelligent System(hereinafter "BI") in the company. On the one hand, many korean companies had already installed BI system, and the other hand some companies have plans to implement BI Systems additionally to their Information System. It is very important to have the pictures which factors are critical to the successful implementation of BI, and to survey which critical success factor(hereinafter CSF) are important compared to each factors. In this paper data was gathered from companies already have their BI Systems. We measured IT-Infra maturity, User Education, and Company Organization, and Company Business Strategy, which are the critical success factors for the BI System. After surveying the CSF of BI System, we measured the weights among these factors by AHP. Factor analysis resulted in 6 major factors (Eigenvalue > 1.0), and the AHP analysis showed the list of CSF's weight list according to its significance priorities. The results of this paper could be the valuable references for the implementing process of the BI System in korean company.

Factors affecting success and failure of Internet company business model using inductive learning based on ID3 algorithm (ID3 알고리즘 기반의 귀납적 추론을 활용한 인터넷 기업 비즈니스 모델의 성공과 실패에 영향을 미치는 요인에 관한 연구)

  • Jin, Dong-su
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.23 no.2
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    • pp.111-116
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    • 2019
  • New technologies such as the IoT, Big Data, and Artificial Intelligence, starting from the Web, mobile, and smart device, enable new business models that did not exist before, and various types of Internet companies based on these business models has been emerged. In this research, we examine the factors that influence the success and failure of Internet companies. To do this, we review the recent studies on business model and examine the variables affecting the success of Internet companies in terms of network effect, user interface, cooperation with actors, creating value for users. Using the five derived variables, we will select 14 Internet companies that succeeded and failed in seven commercial business model categories. We derive decision tree by applying inductive learning based on ID3 algorithm to the analysis result and derive rules that affect success and failure based on derived decision tree. With these rules, we want to present the strategic implications for actors to succeed in Internet companies.

Twelve Key Success Factors of Distribution Strategies for Distribution Community Enterprises Thailand

  • KANYARAT, Hassaro;PEERAWAT, Chailom
    • Journal of Distribution Science
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    • v.20 no.8
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    • pp.59-67
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    • 2022
  • Purpose: This study identifies how twelve key success factors of distribution strategies for community enterprises in Thailand achieve higher performances. Research design, data, and methodology: The samples in this study were 400 entrepreneurs throughout the country. The instrument for data elicitation was a questionnaire. The descriptive and inferential statistics for data analysis were percentage, mean, standard deviation, T-Test, F-Test, multiple regression, and multiple correlations. Results: The results revealed that, overall, the samples showed high opinions on online distribution strategies in all aspects. In detail, the three highest factors were as follows: 1) electronic satisfaction, 2) product characteristics and electronic trust, and 3) the quality and success in online distribution. In detail, the three highest aspects of online distribution success were customer loyalty, financial performance, and work management, respectively. The online distribution strategies influencing community enterprises' success were electronic trust, electronic loyalty, social information, electronic satisfaction, and online distribution tools, which had a statistical significance of 71. Conclusions: This research has made an essential contribution to community enterprise entrepreneurs should focus on and adopt these 8P+4ODS concepts to increase sales, maintain brand loyalty of existing customers, get new customers, develop learning, and improve the working potentials of community enterprise entrepreneurs.

Determinants of Economic Contributions of Home-based Family Businesses (재택가족기업의 가정경제기여도의 결정요인)

  • 김현정;정순희;여윤경
    • Journal of Families and Better Life
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    • v.22 no.4
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    • pp.85-94
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    • 2004
  • The purpose of this study was to examine the determinants of economic contributions of home-based family businesses. The results suggested that positive effect on direct contributions of home-based family businesses was associated with a male manager, more family members, more employees, non-family employees in the business, engaged in food and restaurant business, located in Seoul area, and higher perceived success of the business. Positive effect on indirect contributions of home-based family businesses was associated with a female manager, a child under age 6, only family members as employees, and greater initial investment in the business. Working hours were negatively related to the indirect contributions. Greater total economic contributions of the home-based family businesses was associated with a male manager, more family members, more employees, non-family employees in the business, engaged in restaurant business, located in Seoul, and higher perceived success on the business.

A Study on the Evaluation of Business Incubator Using the Analytic Hierarchy Process (AHP를 이용한 창업보육센터의 평가에 관한 연구)

  • 이상석
    • Korean Management Science Review
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    • v.19 no.1
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    • pp.163-178
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    • 2002
  • Numerous countries promote business incubator programs to revitalize local economy, increase employment, and nurture high-tech industries. Recently, a number of business incubators have been established and operated with alms to adapt to changing environment and increase economic competitiveness in Korea. This study based on critical success factors for effective operations of business incubator, and we suggest followings :1 ) goa1/operations strategy, 2) physical/human resources, 3) Incubator services, 4) networked program. We analysed the weights of this factors by AHP (Analytic Hierarchy Process). Also, we evaluated the business incubators by suggested model, and were revealed the scores ranging from 67 to 77 in the graduated firm's data from business incubators.

The Empirical Study on Relationship Between Evaluation Index Characteristics for Occupancy of Business Incubator(BI) and BI Performance : focused on the Moderating Effect of BI Competence (창업보육센터(BI) 입주심사지표특성과 성과의 관계에 관한 실증연구 -BI 역량의 조절효과를 중심으로)

  • Park, Man-Hee;Yang, Dong-Woo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.1
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    • pp.233-247
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    • 2011
  • With recent increase in growth without employment and unemployment rate, Business Incubator (BI), which is the birthplace of business start-up, is drawing much attention. Therefore, numerous studies had been carried out from the perspectives of efficient operation and performances of BI. Preceding studies at home and abroad were concentrated mainly on the effect of Critical Success Factors of BI on performance, or on internal operational programs or support services of BI. Recently, assertion that potential capacity of companies located in BI at the time of their commencement of occupancy imparts effect on the performance has been presented. Therefore, this Study, in order to pursue research on above issues, will, firstly, analyze the effect of the characteristics of evaluation of companies wishing to be located in BI conducted by each BI, and, secondly, regulation effect of characteristics of evaluation of companies wishing to be located in BI imparted on performance in connection with the work capabilities of BI and capabilities of manager. The results of analysis illustrated that the expertise, among the capabilities of CEO, imparts affirmative effect on the success rate of business start-up. Product competitiveness and marketability displayed affirmative effect on the success rate of business start-up when work capability (operational intensity) is applied. In particular, although the financing capability of CEO of the company located in BI, as an important factor, imparts negative effect on the success rate of business start-up, it implies affirmative regulation effect through the capabilities of manager.