• Title/Summary/Keyword: External Opportunities

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Research on the Development Strategies of Confucius Institute for Expanding China's Foreign Trade

  • Yanni, Qiao;Jinge, Yao;Bae, Ki-Hyung
    • International Journal of Contents
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    • v.17 no.3
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    • pp.15-29
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    • 2021
  • The purpose of this paper is to explore how the Confucius Institute Chinese international promotion could better promote the development of China's foreign trade, by analyzing the distribution of the Confucius Institute worldwide, based on the theory of language economics, using SWOT analysis to analyze the advantages and disadvantages of the internal environment, opportunities and challenges of the external environment of Chinese international promotion of Confucius Institute. The following findings were gathered: as a language teaching institution and information exchange platform, Confucius Institute has the ability to share trade information and increase trade opportunities; to improve cultural identity and reduce transaction costs; to promote cultural communication and integration, and drive the development of related industries. The internal disadvantages were mainly reflected in the mismatch between the global regional distribution structure of Confucius Institutes, and the economic and trade structure, such as, the asymmetry between language, culture output, and demand. In addition, the management mechanism was not perfect. External opportunities were mainly new opportunities brought by economic globalization, cultural diversity, and the development of the Belt and Road initiative. External challenges were mainly influenced by the China threat theory and the fierce cultural competition among countries. The corresponding countermeasures were put forward based on the advantages of the platform and grasping the external opportunities: improving the quality of operation and speeding up the localization process; respecting cultural differences and realizing cultural common learning; seeking multilateral cooperation and enhancing the capacity for independent development.

Relationship between Financial Development and Growth: Focusing on the Effect of Industry Dependence on External Finance and Industry Growth Opportunities (한국의 금융 발전이 성장에 미친 영향: 외부금융의존도와 성장기회 경로가 한국의 산업 성장에 미치는 미시적 효과를 중심으로)

  • Hwang, Yoon-Jin
    • The Journal of the Korea Contents Association
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    • v.14 no.4
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    • pp.346-354
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    • 2014
  • This study aims to analyze the effects of economic development on financial development associated in industry dependence on external finance or industry growth opportunities. The macro and microeconomic empirical results are as follows: (1) financial development play an important role in economic development, (2) especially, financial development related in industry growth opportunities is the critical and important factor in industrial development, (3) the relationships between industry dependence on external finance and industrial development are different depending on the model or the analysis period. These results mean following. First, Leading financial strategy preparation need for industrial development. Second, It is important the effort to catch well-timed industry growth opportunities.

The Effects of Investment Opportunities and External Financing on Firms' Capital Investments (투자기회 및 외부금융의존도가 기업의 자본투자에 미치는 영향)

  • Ryu, Sung-Yong;Yook, Yoon-Bok
    • Management & Information Systems Review
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    • v.28 no.4
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    • pp.67-92
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    • 2009
  • We examine the effects of investment opportunities, external financing, and cost of debts on the firms' capital investments. The empirical findings indicate that : (1) the firms' investment opportunities positively stimulates corporate capital investments but the effects of investment opportunities on the firms' capital investments decrease as the external financing and cost of debts increase ; (2) the firms' investment opportunities are positively correlated with firms' capital investments but the effects of external financing on the firms' capital investments decrease as cost of debts increase; (3) cost of debts is negatively associated with firms' capital investments and especially in the KOSPI firms, the effects of investment opportunities on the firms' capital investments decrease as cost of debts increase. Our findings suggest that managers' views be different from the policy maker's view and the more firms' internal factors of capital investments be found in the future.

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Do NPV and IRR Measure the Profitability of Investment Opportunities? Conditions as Measures of Profitability (NPV와 IRR은 투자기회들의 수익성을 측정하는가? 수익성 척도로서 조건들)

  • Jinwook Kim
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.45 no.4
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    • pp.167-173
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    • 2022
  • Investors must adopt profitable investment opportunities to maximize their wealth. Almost all investment, finance, engineering economics textbooks explain that net present value (NPV) measures the profitability (or value) of investment opportunities in absolute size, and internal rate of return (IRR) measures the profitability of investment opportunities in relative proportions. However, NPV is a measure of the relative size of the return on investment opportunity to do-nothing alternative. Moreover, IRR can occur in multiple investment opportunities and may not exist. To make matters worse, IRR and NPV also have conflicting problems in accept-or-reject decisions. In this study, the reason why NPV and IRR cannot accurately measure the profitability of investment opportunities is identified, and fundamental characteristics that investment opportunity profitability measures should have are presented.

Exploring Service Improvement Opportunities through Analysis of OTT App Reviews (OTT 앱 리뷰 분석을 통한 서비스 개선 기회 발굴 방안 연구)

  • Joongmin Lee;Chie Hoon Song
    • Journal of the Korean Society of Industry Convergence
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    • v.27 no.2_2
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    • pp.445-456
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    • 2024
  • This study aims to suggest service improvement opportunities by analyzing user review data of the top three OTT service apps(Netflix, Coupang Play, and TVING) on Google Play Store. To achieve this objective, we proposed a framework for uncovering service opportunities through the analysis of negative user reviews from OTT service providers. The framework involves automating the labeling of identified topics and generating service improvement opportunities using topic modeling and prompt engineering, leveraging GPT-4, a generative AI model. Consequently, we pinpointed five dissatisfaction topics for Netflix and TVING, and nine for Coupang Play. Common issues include "video playback errors", "app installation and update errors", "subscription and payment" problems, and concerns regarding "content quality". The commonly identified service enhancement opportunities include "enhancing and diversifying content quality". "optimizing video quality and data usage", "ensuring compatibility with external devices", and "streamlining payment and cancellation processes". In contrast to prior research, this study introduces a novel research framework leveraging generative AI to label topics and propose improvement strategies based on the derived topics. This is noteworthy as it identifies actionable service opportunities aimed at enhancing service competitiveness and satisfaction, instead of merely outlining topics.

A Theoretical Approach to Behavioral Residential Mobility in the Urban Area. (도시가구의 주거이동 행동에 관한 이론적 접근)

  • 이경희
    • Journal of Families and Better Life
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    • v.2 no.1
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    • pp.151-164
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    • 1984
  • The paper is intended to develop a typology of residential mobility and systemizes the many empirical analysis of reasons for moving. An integrated conceptual framework of decision making process for residential mobility is proposed. the traditional behavioral approaches were evaluated for its explaining power, and the results and constraints were testified. For the conceptual framework, the role of external opportunities and constrains on households was emphasized. Finally, it is suggested that the housing needs, housing constraints, and housing opportunities of urban households should be considered together form the integrated model.

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Estimating the Value of Multiple Destination Trips : A Mixed Logit Approach (혼합로짓모형을 이용한 다목적지 여행의 편익 분석)

  • Lee, Hae-Jin;Kwon, Oh-Sang
    • Environmental and Resource Economics Review
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    • v.19 no.3
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    • pp.547-569
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    • 2010
  • The purpose of this study is to estimate the benefits associated with the opportunities of multiple destination trips using a mixed logit model. The opportunities that affect the destination choice can be one of the external environments of recreational sites. The data for this study were taken from a survey conducted to the multiple destination trip participants at Seorak National Park in Korea. The results of the research show the specific values of complementary opportunities in the study area.

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What Determines the Openness of Korean Manufacturing Firms to External Knowledge? (한국 제조 기업들의 외부지식 활용 결정요인 연구)

  • Moon, Seong-Wuk
    • Journal of Korea Technology Innovation Society
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    • v.14 no.3
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    • pp.405-430
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    • 2011
  • I examine what factors influence a firm's openness to external sources of knowledge in the Korean manufacturing sector. Related literature suggests a firm's appropriability strategy, absorptive capacity, technology entrepreneurship, firm size and industry-level technological opportunities as possible determinants. Using Korean Manufacturing Innovation Survey, I test how these factors influence the degree of openness of Korean manufacturing firm. I find the followings: First, when the appropriability strategy becomes tighter, a firm becomes more open to external sources. Second, when the share of highly educated employees increases, a firm becomes more open. Third, when a firm is a technology entrepreneur, the openness increases. Fourth, a large firm is likely to be more open. Lastly, ample technological opportunities increase the openness. In Korean manufacturing industries, the highly educated employees and technology entrepreneurship are more influential factors for a firm's openness.

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Study of Chinese Distribution Market Trends

  • Su, Shuai
    • Journal of Distribution Science
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    • v.11 no.9
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    • pp.31-34
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    • 2013
  • Purpose - This paper aims to explain that the Chinese distribution market will continue to bring tremendous business opportunities to commercial enterprises, given the relatively strong economic fundamentals and substantial government-led measures to boost domestic demand. Research design, data, methodology - A survey was conducted on China's retail market data during 2012. By empirically analyzing the data for retail sales of online markets and franchises, we conclude that the online retail market in China will continue to grow. Results - Based on data from 2012, 2013 is expected to be a challenging year for the retail sector, as both external and internal pressure is likely to persist. This paper outlines some major challenges facing retailers in China. Conclusions - The study shows that retailers in the Chinese market will face some major challenges: 1) the Chinese retail market is considerably affected by an uncertain economic outlook 2) an unfair environment of competition exists and 3) product safety is a serious issue. However, in the future, China's retail market will continue to bring tremendous business opportunities to commercial enterprises, given the relatively strong economic fundamentals and substantial government-led measures to boost domestic demand.

Utilizing SWOT Model to Define a Strategy for the Korean Construction Companies in Preparation of the Changes in the Global Construction Market

  • Kim, HwaRang;Jang, HyounSeung
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.486-490
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    • 2015
  • SWOT model was used to develop strategies for the Korean construction firms in entering the global construction market. Literature review, official statistics survey and other research methods were utilized in order to extract internal and external environmental factors of both the firm and local area. By extracting strength, weakness, opportunity and threat factors, a total of 12 strategies were produced: SO (Strengths-Opportunities), ST (Strengths-Threats), WT (Weaknesses-Threats), and WO (Weaknesses-Opportunities). The result of the study can be utilized as a basic data in developing a strategy for the Korean construction firms to penetrate into the global construction market.

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