• Title/Summary/Keyword: Growth Management

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The moderating effect of Korean fashion SMEs' company age and size on the relationship between management ownership and company financial growth (패션기업의 경영자 기업지배력이 기업 재무성장성에 미치는 영향 - 한국 중소기업의 규모와 기업업력의 조절효과를 중심으로 -)

  • Yoon, Namhee;Kim, Ji-Yeon
    • The Research Journal of the Costume Culture
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    • v.24 no.2
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    • pp.248-262
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    • 2016
  • Most Korean companies in the fashion industry are SMEs, and the role of the CEO and management ownership is important for enhancing the firm's competence and developing strategies. The study aims to examine the effect of management ownership on company financial growth. In particular, the study focuses on the moderating effect of company age and size on Korean fashion SMEs' financial outcomes. Financial data based on company financial statements from 2012 to 2014 was collected by the Data Analysis, Retrieval and Transfer System of Korea's Financial Supervisory Service. A total of 295 companies' (domestic fashion businesses) data was analyzed by the bootstrap method. The median sales value in the financial year 2014 was 47,492,403,958 KRW, and the company size was divided by it. The companies were in business for an average of 20 years. According to the results, the management ownership had a negative effect on Compound Annual Growth Rate (CAGR) for the three-years, and the relationship between the two variables was moderated by company age. Additionally, the interaction effect of management ownership and company age on 3-CAGR was also moderated by company size. When the companies had spent only a few years in business, a negative effect of management ownership for small firms and a positive effect of management ownership on financial growth for medium firms were found. These results suggest that small companies starting business need to manage their company governance structure to make flexible decisions, and after retaining financial growth, the companies can expand their businesses based on strong ownership.

Technological Innovation Induced Growth of Engineering Industry SMEs: Case Studies in Bangalore

  • Krishnaswamy, KN;Subrahmanya, MH Bala;Mathirajan, M
    • Asian Journal of Innovation and Policy
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    • v.4 no.2
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    • pp.217-241
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    • 2015
  • This paper, based on two engineering industry SME case studies, traces the origin and process of technological innovations enabling the development and introduction of new products leading to market expansion and enterprise growth. The study throws light on how entrepreneurs played a decisive role in recognizing market opportunities, building up crucial in-house technological capability, supplementing it with appropriate external assistance, to carry out technological innovations. A constant interaction with its customers is in-built into the system. As a result, the SMEs could achieve successful product innovations leading to their gradual growth, over time. Finally, based on the observations and inferences derived out of the two cases, a theoretical construct of the growth of innovation in SMEs is postulated. This is done linking the three stages of their development: (i) start-up and stabilizing, (ii) building up technological capability and implementing innovations; and (iii) opening up of new markets resulting in firm growth.

A Comparison of Reliability Growth Assessment Models Centered on MIL-HDBK-189C (MIL-HDBK-189C의 신뢰성성장 평가 모델의 비교)

  • Kim, Myung Soo;Chung, Jae Woo;Lee, Jong Sin
    • Journal of Applied Reliability
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    • v.13 no.3
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    • pp.217-227
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    • 2013
  • Reliability growth is defined as the positive improvement in a reliability parameter over a period of time due to implementation of corrective actions to system design, operation or maintenance procedures, or the associated manufacturing process. In recent, the importance of reliability growth management has emerged in the military authority and industries. For effective application of reliability growth models, it is necessary to understand their characteristics and differences. This paper presents the concepts of reliability growth management and compares the features of reliability tracking and projection models centered on MIL-HDBK-189C for selecting the appropriate model for an one-shot system under development.

Employee's Growth Need Strength and Counterproductive Work Behaviors: The Role of Perceived Job Insecurity

  • HARRIS, Deonna;CHA, Yunsuk
    • The Journal of Economics, Marketing and Management
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    • v.10 no.2
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    • pp.15-22
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    • 2022
  • Purpose: This study explores the effect of employee's growth needs strength on counterproductive work behaviors. Perceived job insecurity was also examined as a moderating variable on the relationship between the two variables. Research Design, data and methodology: This study collected 108 data samples from working individuals from South Korea. The Exploratory Factor Analysis (EFA) and the hierarchical regression analysis were used to analyze the data. Hierarchical regression analysis was performed using SPSS 24.0. Results: Our research results indicated that employee's growth needs strength has a negative effect on counterproductive work behaviors. Perceived job insecurity moderates the relationship between the two variables. Conclusions: Organizations should focus on creating growth opportunities for employees, since facilitating employee's growth need strength will counteract the desire to engage in behaviors that can be detrimental to the organization. and its members.

Error Structure of Technological Growth Models A Study of Selection Techniques for Technological Forecasting Models

  • Oh, Hyun-Seung;Yim, Dong-Soon;Moon, Gee-Ju
    • Journal of Korean Society for Quality Management
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    • v.23 no.1
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    • pp.95-105
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    • 1995
  • The error structure of nonlinearized technological growth models, such as, the Pearl curve, the Gompertz curve and the Wei bull growth curve, has zero mean and a constant variance over time. Transformed models, however, like the linearized Fisher-Pry model. the linearized Gompertz growth curve, and the linearized Weibull growth curve have increasing variance from t = 0 to the inflection point.

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Clustering Method Using Characteristic Points with Marketing Data (마케팅자료에서 특성점들을 이용한 군집방법)

  • Moon Soog-Kyung;Kim Woo-Sung
    • Journal of Korean Society for Quality Management
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    • v.32 no.4
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    • pp.265-273
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    • 2004
  • We got the growth distance curve by spline smoothing method with observed marketing data and the growth velocity curve by the derivation of the growth distance curve. Using this growth velocity curve, we defined the several characteristic points which describe the variation of marketing data. In this paper, to specify several patterns of marketing data, we suggested characteristic function by using these characteristic points. In addition, we applied characteristic function to the seventeen brands of electric home products data.

Effects of Organic Acids on Availability of Phosphate and Growth of Corn in Phosphate and Salts Accumulated Soil

  • Kim, Myung-Sook;Park, Seong-Jin;Lee, Chang-Hoon;Yun, Sun-Gang;Ko, Byong-Gu;Yang, Jae E.
    • Korean Journal of Soil Science and Fertilizer
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    • v.49 no.3
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    • pp.265-270
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    • 2016
  • Accumulated Phosphate can be released by ligand exchange reaction of organic acids. The objective of this study was to evaluate effects of the organic acids on the availability of phosphate and the growth of crop in phosphate and salts accumulated soil. Soil samples were collected from farmer's plastic film house. Available phosphate and electrical conductivity of soil were $3,005mg\;kg^{-1}$ and $16.63mg\;kg^{-1}$ which were 6 and 8 times higher than the optimum range of soil for crop growth, respectively. Corns were cultivated in pots for 2 months. Treatments were no treatment (control), phosphate fertilizer (P), citric acid (CA) 1, 5, 10 mM, and oxalic acid (OA) 1, 5, 10 mM. Water soluble phosphorus, available phosphate, corn growth and uptake were determined after cultivation. Results showed that organic acids increased water soluble phosphorus and available phosphate. For the level of 10 mM, the order of effectiveness of organic acids for water soluble P was citric acid (44%) > oxalic acid (32%). Height and dry weight of corns were increased significantly by the treatment of citric acid 1 and 5 mM. Also, corn absorbed more phosphorus, nitrogen, potassium, calcium and magnesium in the treatment of citric acid 1 mM than these of other treatments. Even though phosphate availability of soil was enhanced by addition of citric acid 10 mM, the growth of corns decreased because high concentration of citric acid caused salt damage by increasement of electrical conductivity. Thus, the citric acid of 1 mM has the potential to improve the availability of phosphate and the healthy growth of corns.

Forest Management Using Growth and Ecological Characteristics by Site Types in the Natural Deciduous Forest (천연(天然) 활엽수림(闊葉樹林)의 입지유형별(立地類型別) 생장(生長) 및 생태적(生態的) 특성(特性)을 이용(利用)한 산림관리(山林管理))

  • Shin, Man Yong;Lee, Seung Man;Lee, Don Koo
    • Journal of Korean Society of Forest Science
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    • v.94 no.1 s.158
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    • pp.26-33
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    • 2005
  • The study was carried out to provide information about growth and ecological characteristics by site types of natural deciduous forest in Pyeongchang, Gangwon Province. The data were collected from four aspects(the East, the West, the South, and the North) with three elevation(higher than 1.000 m, 700~1,000 m, lower than 700 m) and three topographical conditions(ridge, hill, and valley). Growth parameters by site types were evaluated based on the growth performances of dbh for the last 5 to 10 years; which were also estimated based on both Pressler and Schneider formulae. In addition, ecological characteristics such as Shannon-Wiener's diversity index, evenness index and richness index were analyzed by site types. The management methods by site types were suggested by considering stand density, growth patterns, and ecological characteristics. It was found that the stands on the South and the East are necessary the tending practices to improve growth and ecological characteristics. On the other hand, the West and the North needed the tending practices focusing on stand density management to increase growth rate rather than ecological management. It was also found that the area lower than 700 m in elevation showed Higher growth rate than other areas. As a management standard considered in terms of growth rate, it was suggested that tending practices should be applied to the stands of which growth rate for the last 5 to 10 years were lower than 2%. Considering topographical conditions, valley area showed better ecological characteristics than both ridge and hilly areas. Consequently, it was revealed that the valley areas were suitable for the ecological management.

Towards Sustainability of Single-Owner Entities: An Examination of Financial Factors That Influence Growth of Sole Proprietorship

  • MAKUDZA, Forbes;MANDONGWE, Lucia;MURIDZI, Gibson
    • The Journal of Industrial Distribution & Business
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    • v.13 no.5
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    • pp.15-26
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    • 2022
  • Purpose: There has been a consistent failure of businesses that are run by a single person. Most of these collapse at infancy prematurely and those that survive continue to operate at minimal capacity. The study thus sought to enhance growth of sole proprietors from being small entities to large corporates. Financial determinants of business growth were earmarked for research as they were amongst the grey areas of business growth research. Research design, data and methodology: The target population of the study was made up of groceries retail sole proprietors operating in Epworth, Zimbabwe. Questionnaires were used in a once-off cross-sectional survey using stratified random sampling. Through a deductive research approach, four financial determinants of business growth were established namely financial availability, financial management, financial evaluation and financial investment (AMEI). These constructs formulated the basis for the development of the model which linked financial factors to business growth. Results: The study found out that all four financial determinants were statistically significant (P < 0.05) in predicting business growth. Conclusions: The study concludes that the model tested was useful in explaining sole proprietor's business growth. Sole proprietors should have access to funding, manage received funds in an appropriate manner, invest into the business and evaluate their business processes.