• Title/Summary/Keyword: Companies' Factors

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A Study on Locational Factors of Korean Shipping Companies (우리나라 해운기업의 입지요인에 관한 연구)

  • Kim, MyoungHee;Seo, GeumHong;Oh, YongSik
    • Journal of Korea Port Economic Association
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    • v.28 no.4
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    • pp.209-229
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    • 2012
  • There have been lots of studies on locational factors of companies, but, very few studies for Korean shipping companies. This study analyzes locational factors for Korean shipping companies using AHP(Analytic Hierarchy Process) method. For the study model, the first level is consisted by software, hardware and city policy factors. As more specific factors, the second level is formed by three factors of the first level. The third level consists of Seoul and Busan to evaluate competitive advantage for location of shipping companies. We carried out an analytical survey focused on the executives of shipping companies and related experts, and derived the priority order for locational factors of Korean shipping companies as follow. Firstly, software factors turned out the most important factor for location of Korean shipping companies. Next, Busan has a competitive advantage only in city policy factors. However, there are much of competitive disadvantages in both software and hardware factors for location of shipping companies compared against Seoul.

Organizational Factors Facilitating the Internationalization of Korean Franchising Companies (해외진출 국내 프랜차이즈기업의 조직특성)

  • Lim, Young-Kun;Lee, Dong-Whuy;Kim, Hee-Jung
    • Journal of Global Scholars of Marketing Science
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    • v.19 no.2
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    • pp.40-52
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    • 2009
  • Franchising is one of the fastest growing types of business. It is already popular and well-known in the U.S., and has been growing in many other countries including Korea. Furthermore, many Korean franchising companies have expanded their business overseas actively. According to the data by the Ministry of Industry and Resource, 82 companies out of a sample of 500 franchising companies are already operating in many foreign countries and 48% of them have started their foreign business since 2006. This clearly indicates the fast growing current trend of foreign operation by Korean franchising companies. In spite of the fast growing trend of foreign expansion in the industry, academic research on internationalization of franchising companies is extremely difficult to find. Accordingly, academic research on the issue is necessary and urgent in Korea. Among the various research questions on internationalization of franchising business, this study intends to investigate the difference in organizational factors between the franchising companies doing foreign operation and those doing business only domestically. More specifically, this research has the following purposes. First, considering the lack of theoretical basis of previous studies, resource-based theory and agency theory are employed as the theoretical bases. Second, this study explains the difference in internationalization based on organizational factors such as company size, history and growth rate. Third, the five hypotheses regarding the difference in organizational factors are presented and tested empirically, which is the first attempt in the area of this topic. Finally, the study attempts to clarify the conflicting implications among theories regarding some organizational factos such as growth rate. As the theoretical background, resource-based theory and agency theory are discussed. According to resource-based theory, a firm can grow continuously when it has competence and resource, and also the ability to develop them. The competence and resource can include capital, human resource, management skill, market information, ability to manage risk, etc. Meanwhile, agency theory views the relationship between franchisor and franchisee as an agency relationship. In agency theory, bonding capability and monitoring capability are the two key factors which promote internationalization of franchising companies. Based on the two theories, a conceptual model is designed. The model consists of two groups of variables. One is organizational factors including size, history, growth rate, price bonding and geographic dispersion. The other is whether a franchising company is operating overseas or not. We developed the following five research hypotheses basically describing the relationship between organizational factors and internationalization of franchising companies. H1: The size of franchising companies operating overseas is larger than that of franchising companies operating domestically. H2: The history of franchising companies operating overseas is longer than that of franchising companies operating domestically. H3: The growth rate of franchising companies operating overseas is higher than that of franchising companies operating domestically. H4: The price bonding of franchising companies operating overseas is higher than that of franchising companies operating domestically. H5: The geographic dispersion of franchising companies operating overseas is wider than that of franchising companies operating domestically. Data for the analyses are obtained from 2005 Korea Franchise Survey data co-generated by Ministry of Industry and Resource, GS1 Korea, and Korea Franchise Association. Out of 2,804 population companies, 2,489 companies are excluded for various reasons and 315 companies are selected as the final sample. Prior to hypotheses tests, validity and reliability of the measures of size, history, growth rate and price bonding are examined for further analyses. Geographic dispersion is not validated since it is measured using nominal data. A series of independent sample T-tests is used to find out whether there exists any significant difference between the companies internationalized and those operating only domestically for each organizational factor. Among the five factors, size and geographic dispersion show significant difference, growth rate and price bonding do not reveal any difference and, finally, history factor shows conflicting results in the difference depending on how to measure it.

    shows the summary statistics for hypotheses testing. In conclusion, the results show that the size and history, which are the key variables in resource-based theory, have a significant relationship with internationalization and that geographic area, which belongs to agency theory, also has a strong relationship with internationalization. The results support the findings of extant research and, therefore, prove the usefulness of resource-based theory and agency theory in explaining internationalization of franchising companies. However, growth rate and price-bonding do not show a clear difference between the two types of companies. Accordingly, these two factors need further attention in the future research. Although this study shows meaningful findings theoretically and practically, it has several limitations. First, only organizational factors are considered even if there are various environmental factors influencing franchising firm's internationalization. Second, only being internationalized or not is considered. That is, modes of entry and the size of foreign operations are not included in the study. Third, internationalization strategy is often determined based on the desire for business expansion and higher profitability and egoistical reasons of the CEOs. However, this type of factors belonging to behavioral science is not discussed in the study. Finally, organizational ecology perspective is usefully applicable in explaining the survival and performance of internationally operating companies. Accordingly, research propositions based on this perspective need to be developed and tested.

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  • A Study on Effects of Success Factors of Knowledge Management for Business Activity and Business Performance - Korean Manufacturing Companies and Non-Manufacturing Companies (지식경영 성공요인이 지식경영활동과 경영성과에 미치는 영향에 관한 연구 - 국내 제조기업과 비제조기업을 중심으로)

    • Kang, Byung-Young;Kim, Eun-Jung
      • The Journal of Information Systems
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      • v.16 no.2
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      • pp.145-169
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      • 2007
    • The purpose of this research is to investigate success factors of knowledge management in Korea companies. The research scheme was experimented through a questionnaire survey answered by 87 companies. The research model was composed of five groups : 1) CEO support and business strategics, 2) organization culture 3) information technology characteristic of knowledge workers 4) a reward and performance measurement 5) knowledge management system. The results of this research indicated that the CEO support and organization culture are important factors for knowledge activities. The information technology characteristic of knowledge workers and a reward have small effects for knowledge activities. Manufacturing companies and non-manufacturing companies need different knowledge management strategies. The results of this study will be helpful for the success implementation of knowledge management in Korean companies.

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    A Study on the Management Risk Factors of Korean Firms in China (국내 중소·벤처기업의 중국진출 경영위험요인에 관한 연구)

    • Lee, Dong-Hoon;Lee, Dong-Myung
      • Korea Trade Review
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      • v.42 no.1
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      • pp.1-25
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      • 2017
    • By applying the AHP(Analytic Hierarchy Process), we have analyzed the importance and the order for priorities to the management risk factors of Korean SMEs & Venture companies in China. The major management risk factors of manufacturing companies were the rise in labor costs followed by fierce competition in the marketplace, problems involved with human resource management and the rise in the cost of materials. In the case of companies manufacturing electronic products, the rise of labor costs and alteration in government's tax policy were seen as the main risk factors. In the case of chemical product manufacturing companies, the reinforcement of environmental protection law and in automobile component manufacturing companies, apart from the rise in labor cost, the increase in raw materials costs were analyzed as the main risk factors. While considering the time period, the main risk factors of the companies that entered China in the 1990's were fierce competition and alteration in government's tax policy and for the companies that entered China in the 2000's, increase in raw material cost, the rise in labor cost etc were analyzed to be the main risk management factors.

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    The Effect of Food Service Franchise Selection Factors on Brand Loyalty and Revisit Intention - Focusing on Consumer Survey in Tokyo - (외식 프랜차이즈 선택요인이 브랜드 충성도와 재방문의도에 미치는 영향 연구 -동경(東京)지역 한국 외식 프랜차이즈를 이용하는 소비자 설문조사를 중심으로-)

    • Kim, Seon-Hyen;Hwang, Jae-Hyun
      • Korean Journal of Organic Agriculture
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      • v.25 no.4
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      • pp.663-677
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      • 2017
    • As Korean food service franchise companies sought to advance into around 2,000 new foreign markets, the importance of global management was emphasized. They intensively expanded into Chinese and American markets in 2015 and these two markets account for approximately 40% of total food service franchise companies in foreign countries. Although Japan has huge franchise market, Korean food service franchise companies in Japan only account for 5% of total franchise companies in Asian countries. The purpose of this study is to analyze the relationship between food service franchise selection factors, brand loyalty, and revisit intention of Japanese consumers using Korean food service franchise companies in Japanese food service market, and based on the analysis results, draw the implications for the expansion of Korean food service franchise companies into the Japanese market. Food service franchise selection factors is defined as service and cleanliness, taste, safety and reliability, cost and convenience, and professionalism. The study results can be summarized as follows. First, analysis was performed to identify the effects of food service franchise selection factors on the brand loyalty, it showed that five food service franchise selection factors including professionalism, service and cleanliness, cost and convenience had positive (+) effects on the brand loyalty. One of the most important factors influencing the brand loyalty is professionalism. In order to raise food service franchise's professionalism, it is necessary for the food service franchise companies to establish stronger strategies containing professional operation systems and services compared to general restaurants. Second, analysis was performed to identify the effects of food service franchise selection factors on revisit intention, five food service franchise selection factors, service and cleanliness, safety and reliability, and cost and convenience had positive (+) effects on revisit intention. One of the most important factors influencing revisit intention is safety and reliability. Thus, in order to raise safety and reliability it is important to form trust with consumers by properly utilizing systems of food hygiene and food safety accreditation.

    Success Factors Affecting Internationalization Process of Large Vietnamese Companies: A Conceptual Framework

    • PHAM, Viet Quoc;NGUYEN, Bao Khac Quoc;LE, Thanh Quoc
      • The Journal of Asian Finance, Economics and Business
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      • v.7 no.11
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      • pp.905-913
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      • 2020
    • Internationalization of multinational companies in the globalized context is a popular topic in the academic world and it is also a strong concern of CEO/managers. However, this topic has not been well discussed in the academic community in Vietnam that can be contextualized in the typical transition economy. This paper is designed to explore critical success factors (CSF) of internationalization of large Vietnamese companies that have contributed major revenue from the international market. Through interviews with CEO/managers of successful companies geared toward world markets, the CSFs of internationalization have been identified and categorized into groups in which each CSF has interaction with each other, and together have combined impacts on the success of internationalization. The research results provide a conceptual framework to analyze factors affecting internationalization of large Vietnamese companies. Thank to this conceptual framework, further exploratory and/or confirmatory research can be developed to locate more success factors of internationalization. In addition, some particularly critical factors of internationalization success of Vietnamese companies are found to be useful to both CEO/managers and policymakers. CEO/managers can benefit from the research results by concentrate their limited efforts/resources in managing these CSFs, and policymaker may design CSF-based policies to boost the internationalization of domestic companies.

    Analysis of the Technology Adoption Impact Factors for Automated Construction Equipment (건설 자동화 장비 도입을 위한 기술도입 영향요인 분석)

    • Lee, Chijoo;Lee, Ghang;Sim, Jaekyang
      • Korean Journal of Construction Engineering and Management
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      • v.14 no.2
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      • pp.56-64
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      • 2013
    • New construction technologies, especially automated equipment, are rarely deployed on a construction site where many accidents and claims occur. This study analyzed and derived impact factors for technology adoption to improve the chance of adopting automated construction equipment to the field. First, impact factors were classified into functional and non-functional factors. Then the functional factors were divided into usability and functionality factors, and the non-functional factors into cost, construction property, and organization factors. Next, the importance and realization possibility of each impact factor were analyzed through a survey with experts. Usability and functionality were analyzed to have the highest importance and realization possibility. Lastly, the differences between construction companies and equipment development companies in the importance and realization possibility of each factor were analyzed. Construction companies recognized previous relationship, operator's attitude, members' will, and construction quality more important than equipment development companies.. The equipment development companies should consider these differences between the view of construction companies and that of equipment development companies on the impact factors. The result of this study can be used as a basis for evaluating for automated construction equipment in the preliminary development phase.

    Analysis of Overviews of Working Environment Measurement and its Results in Korean Industry (우리나라 사업장의 작업환경측정 및 노출기준 초과실태 분석)

    • 김정호;원정일
      • Journal of environmental and Sanitary engineering
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      • v.11 no.3
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      • pp.53-61
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      • 1996
    • The subject of this study was to analyse overviews of companies which exceed TLV by industry, hazardous factors, and to estimate the numbers of companies measured in 1993 and the implementation rate of working environment measurement by the act of industrial safety and health The result of this study was as follow. 1. The number of cases which exceed TLV was 5,937 companies. In distribution of excess companies by the scale of workers, small scale cases under the 49 workers were 3,150 companies(53.0%) of total cases, medium scale cases between 50 - 299 workers were 2,248 companies(37.9%), and large scale cases over 300 workers were 539 companies(9.1%). By the industry of excess companies, it was marked high rate in manufacture of fabricared metal products(except machinary and equipment), manufacture of textiles of each 1,048 companies(17.7%), and 1,018 companies(17.1%). By the area of excess companies, it was shown high rate in Kyeongki area marked 1,679 companies(28.3%) and Daegu-Kyeongbuk area were marked 1,417 companies (23.9%). By the hazardous factors of excess companies, noise was recorded high rate in 5,160 companies (86.9%), dust was shown in 1,245 companies(21.0%), organic solvent was marked 130 companies(7.9%). The number of excess factors by the company was 1.2. In this result, the more it was bigger scale companies, the more excess factors were much more and the more it was recorded higher rate in noise organic solvent heavy metals, etc. 2. The measured cases in institutes during 1994 were 1,596 companies, and excess cases were 157 companies(9.8%) among them. By the scale of workers, small scale cases under the 49 workers were 190 companies (17.9%) among 1,064 companies, cases of medium scale cases between 50-299 workers were 127 companies (27.9%) among 463 companies, and large scale cases over 300 workers were 31 companies(44.9%) among 69 companies. In this result industry of the highest rate shown was manufacture of basic metals in 20 companies exceeded among 53 companies (37.7%), and was manufacture of pulp, paper production in 14 companies exceeded among 40 companies(35.0%), and the excess rate were high in bigger scale. 3. Companies estimated by the data of excess cases and excess rate in 1993 were 30,474 implementation rate estimated for measurement of working environment was 34.3% of companies in korean industry. In this result, it was comparatively shown of measurement rate for the working environment in manufacture of pulp, paper product, manufacture of machinary and equipment n.e.c., and of high measurement rate and excess rate in manufacture of electrial machinary and apparatus, and manufacture of basic metals.

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    Exploratory Factor Analysis of SME Internationalization: Factor Differences between AEO and Non-AEO Authorized Companies

    • Son, Sung-Kyun;Kim, Tae-Joong;Kim, So-Hyung
      • Journal of Distribution Science
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      • v.12 no.7
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      • pp.5-12
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      • 2014
    • Purpose - This study identified internationalization factors forKorean SMEs and explored factor differences between AEO and non-AEO authorized companies. Research design, data, and methodology - The study was designed to assess internationalization factors for AEO authorization in Korea through a questionnaire survey and an empirical analysis. The questionnaires were conducted for AEO and Non-AEO authorized companies that were undergoing AEO authorization. The study was conducted through e-mail and AEO manager education classes. Ninety-five questionnaires were collected. We employed the exploratory factor analysis methodology to derive internationalization factors for KoreanSMEs, and explored the factor differences between AEO and Non-AEO authorized companies. Results - AEO authorized companies outperformed Non-AEO authorized companies in R&D and technology. This indicated that AEO authorized companies were recognized as reliable and safe companies by the Korea Customs Service and other Customs services in trade facilitation and customs clearance processes. Conclusions - This study has some implications for AEO authorization and internationalization processes, and involved the empirical analysis of SMEs and the exploratory factor analysis in the internationalization process.

    An Empirical Study on Factors Affecting the Implementation of Information Technology in Korean Global Logistics Companies (국제물류업체의 정보기술(Information Technology) 수용에 관한 실증적 연구)

    • Lim, Jun-Hyeong
      • International Commerce and Information Review
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      • v.12 no.1
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      • pp.75-95
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      • 2010
    • This paper examined the factors affecting the implementation of information technology in Korean Global Logistics Companies. Nowadays, the spread of electronic commerce using internet demands a large changes doing business with company to company and give that company a change to recognize logistics. To support logistics activity, all kinds of companies are using the computer and are recognized that the efficient using of Cyber Logistics Information will mainly play a roll to strength the companies competition power. We gathered detailed data on our sample companies mainly from publicly available sources : Korea International Freight Forwarder Association (KIFFA), and companies' web sites. A structured questionnaire was used to collect information about: (1) the company (2) To investigate the factors of the three contexts described above on korean Global Logistics companies's electronic trade adoption and implementation. (3) Usage level of electronic logistics. Most of the approximately 70 questions enumerated in the questionnaire were open-ended, which was consistent with our primary objective of developing a conceptual framework that was informed by empirical evidence. This study suggests that top management support and influential power are main factors for the Korean Global Logistics Companies.

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