• Title/Summary/Keyword: Major Strategy

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A Study on Elements of CM Firms' Competitive Strategy (경쟁전략요소에 대한 CM기업의 인식에 관한 연구)

  • Baek, Seung-Ryong;Kim, Han Soo
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.5
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    • pp.122-130
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    • 2013
  • As the level of competition has increased in the construction management market, it becomes a critical issue for CM firms to secure competitive edges. The objective of the study is to investigate elements of competitive strategy as perceived by CM firms and to discuss key features and implications. Michael Porter's Competitive Strategy Model was used as a framework to analyse the elements under three strategy categories. A major finding includes that Differentiation Strategy is generally perceived most important strategy category but, depending on the group to which a CM firm belongs, there exist a gap in the perception. However, regardless of the group, Cost Leadership is commonly considered least important strategy category. In particular, lowest-bidding strategy element showed the least importance. Understanding CM firms' perceptions on elements of competitive strategy provides an insight into CM firms' current strategy directions and can be useful for future tuning in a firms' own strategy.

A Study on Improving the Public Technology Procurement Policy for Reinforcing the Efficiency of R&D in SMEs : In Consideration of Joining the Green Growth Plan (중소기업의 녹색성장 참여촉진을 위한 기술개발제품 공공구매제도 개선방안 연구)

  • Han, Sang-Yun;Son, Byoung-Ho
    • Journal of Korea Technology Innovation Society
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    • v.13 no.2
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    • pp.310-331
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    • 2010
  • Recently, US, EU and major development countries, including Korea, have set green growth strategy the for national robust economic growth. Green growth strategy was also adopted as economic stimulus policy. Korea also have established some policies for green growth such as Green Growth National Strategy and 5-years Plan. Thought the SMEs play an important role as the innovative driver that can supply material and components for final products, there are few policies for joining green growth strategy. So, the purpose of this paper is to explore the current extent of public procurement for technology-development products and propose the betterment of it. Firstly, we analyzed the public procurement-policies of major countries to kinds of policy-purposes and types including Korea. and then we deducted the needs to policy utilizing the public procurement for joining the SMEs to green growth strategy. Second, we proposed that the objects of purchase conditional public procurement policy be extent to the pre-commercial technologies. The pre-commercial technologies could be performed further R&D by some other compaines or pubic institutes. Considering the natures of green technology-such as quasi-public-, this improvement would be helpful for SMEs which could create initial-marketplace and sales-references.

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Key Trends in Smart Agriculture Policies and Their Geographical Implication (스마트농업의 주요 정책 동향과 지리적 시사점)

  • Kim, Na-Ri
    • Journal of the Economic Geographical Society of Korea
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    • v.25 no.3
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    • pp.397-419
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    • 2022
  • Smart agriculture has emerged to be a solution to the global food crisis and a new growth engine in the era of the Fourth Industrial Revolution. The purpose of this study is to reveal the spatiality of smart agriculture by analyzing smart agriculture policies in major countries and examining how major's agricultural knowledge and experience are expressed in specific agricultural environment. I selected China, Japan, the Netherlands, and the United States as representative examples. In the analysis of agricultural policy, the direction, governance and main areas and technologies were focused. As a result, it is found both standardization strategy and the localization strategy work at the same time. Standardization strategies decontextualize technologies and policies from the economic, social, cultural, and ecological contexts of region. The regionalization strategy builds a smart agricultural model for each country with reflecting geographical characteristics. This study could be for facilitating further researches on geographies of agricultural technology and agricultural knowledge production.

A Six Sigma Model for Small and Medium SizedCompanies and Case Studies (중소기업을 위한 6시그마 모형 및 사례 연구)

  • Hwang, Young Je;Kwon, Hyuck Moo;Hong, Sung Hoon;Lee, Min Koo
    • Journal of Korean Institute of Industrial Engineers
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    • v.32 no.4
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    • pp.291-297
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    • 2006
  • Since the six sigma strategy was first introduced to Korean enterprises in 1997, it has been taken as an important business strategy to strengthen the competitiveness of major Korean companies under the global competitive environment. These major companies also demand their suppliers to implement six sigma. But small and medium sized companies have several barriers to overcome for successful implementation of six sigma. First, the financial status is not so sound to support initial expenses for launching six sigma. Second, physical and human resources are not sufficient for driving six sigma. And finally, the infrastructure is not well established to manage and support the six sigma program. In this paper, we suggest a method to overcome these barriers and propose a model for establishing six sigma in a small and medium sized company. We also provide some practical case studies.

A Study on How to Vitalize the ESG Management Strategy of SMEs through ESG Management Cases

  • KIM, Jin-Kwon;KIM, Min-Su;AHN, Tony-DongHui
    • The Journal of Economics, Marketing and Management
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    • v.10 no.6
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    • pp.39-46
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    • 2022
  • Purpose: The purpose of this study is to look at the current status and cases of ESG at home and abroad, and through this, seek ways to activate the ESG strategy of domestic SMEs and suggest a direction. Research design, data and methodology: This study examines the current status of ESG management at home and abroad and examples of companies through related literature on ESG management and performance. Through this, the strategic direction of ESG management of domestic SMEs was presented. Results: Compared to the government and major corporations, SMEs can be said to lack ESG management activities. ESG activities include environmental activities such as carbon neutrality, waste management, eco-friendly supply chain management, establishment of safety and health processes to improve workers' environment, expansion of governance to guarantee autonomy and profitability such as fair trade, protection of social and shareholder rights such as anti-corruption, etc. should be based on Therefore, there are difficulties in ESG activities of SMEs that lack funds and manpower. Conclusions: Compared to the government and major corporations, SMEs can be said to lack ESG management activities However, it will be possible to establish and implement ESG management strategies based on the strengths of SMEs and the characteristics of each company.

Korean Multinational Corporations' Global Expansion Strategies in Manufacturing Sector: Mother Factory Approach

  • Yong Ho Shin
    • International Journal of Internet, Broadcasting and Communication
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    • v.16 no.1
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    • pp.269-279
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    • 2024
  • The study explores the evolving landscape of overseas expansion strategies by Korean corporations, focusing on recent geopolitical tensions, the COVID-19 pandemic, and disruptions in global supply chains. It emphasizes the challenges faced by industries producing high-value products and delves into the concept of "Friend-Shoring" policies in the United States, leading major Korean companies to invest in local semiconductor, battery, and automotive factories. Recognizing the potential fragmentation of Korea's manufacturing sector, the paper introduces the "Mother Factory" strategy as a policy initiative, inspired by Japan's model, to establish core production facilities domestically. The discussion unfolds by examining the cases of major companies in Japan and the United States, highlighting the need for Korea to adopt a mother factory strategy to mitigate risks associated with friend-shoring policies. Inspired by Intel's "Copy Exactly" approach, the paper proposes a Korean mother factory model integrating smart factory technology and digital twin systems. This strategic shift aims to enhance responsiveness to geopolitical challenges and fortify the competitiveness of Korean high-tech industries. Finally, the paper proposes a Korean Mother Factory based on smart factory concepts. The suggested model integrates smart factory technology and digital twin frameworks to enhance responsiveness and fortify competitiveness. In conclusion, the paper advocates for the adoption of a comprehensive Korean Mother Factory model to address contemporary challenges, foster advanced manufacturing, and ensure the sustainability and competitiveness of Korean high-tech industries in the global landscape. The proposed strategy aligns with the evolving dynamics of the manufacturing sector and emphasizes technological advancements, collaboration, and strategic realignment.

A Study on the Development Strategy of Animal Resources Industry in Chungnam Province (충청남도의 동물자원화사업 발전전략에 관한 연구)

  • Choe, Pyeong-Ik;Kim, Gye-Woong;Kim, Seok-Eun
    • Journal of Agricultural Extension & Community Development
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    • v.11 no.2
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    • pp.267-277
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    • 2004
  • This study was carried out to set up the effective development strategy for resources industry of Chungnam Province. Data were gathered from relevant organizations and several times of brain storming was conducted by specialists in the field of animal science. The results obtained were as follows; 1) It was found by SWOT analysis that pig, cow, poultry, pets and selected fishes were desirable items as promising animal resources(Table 9). 2) According to the road map of animal resources industry for Chungnam Province, the principles and strategies were needed for the implementation of the industry(Fig. 3). 3) It was recommended that each city and county should develop their major animal resources industry(Fig. 4). 4) For synergy effect of development strategy as animal resources industry, networking among universities, industries, and government organizations, etc. is needed.

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Financial Events Coping Strategies and Family Financial Satisfaction of Urban Households (도시가정의 재정적 사건, 대천전략 및 경제생활만족도)

  • 임정빈
    • Journal of Families and Better Life
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    • v.14 no.4
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    • pp.175-190
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    • 1996
  • The purpose of this study was to investigate the relationships of resource financial events coping strategies and family financial satisfaction. The data were collected from 499 housewives in Seoul. The major findings: 1. The financial events were categorized into 6 factors. The factors were named as related to 'Family' 'Health' 'Money' 'Car & durables' 'Job', 'Housing'. Among these events respondents who had exprienced housing-related event reported the highest level of financial stress. 2. The coping strategies were categorized into 4 factors: 'Delaying payment' 'Borrowing' 'Economical purchasing' 'Using Worth' The most frequently used 'Economic purchasing' strategy. 3. Various coping strategies were differently used depending on financial events. For example the housewives used 'Economical purchasing' strategy to cope with family-related events and used 'Borrowing' strategy to housing-related events. Housewives who had less income and less net-worth used ' Economic purchasi g' strategy. 4. Job-related events were negatively effect to family financial satisfaction but car & durables-related event were positively effect to family financial satisfaction. Housewive who the more income and the less age had the high satisfaction. 'Delaying payment' and 'Economical purchasing' strategies were negatively related to family financial satisfaction.

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A Study on the Strategy of Products Development for Mass Housing (공동주택 상품개발 전략에 관한 연구)

  • Yang, Young-Keun
    • Journal of The Korean Digital Architecture Interior Association
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    • v.10 no.2
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    • pp.31-38
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    • 2010
  • This study is to suggest a strategy and trend of products development by major construction companies to form a trend and to set the trend in housing market through investigation about brand image campaign for TV ad, individual design items, result of products development and special plans. It is the strategy for products development of construction companies surveyed to be divided into five kinds. First, the change from in the unit to outside. Second, centralization of design powers about products development through submit and the wining of a prize in the domestic & foreign design fair to publicize a excellent quality in a roundabout way. Third, reinforcement of service for support the habitability and design manual for secure uniform quality. Forth, investment in the environment-friendly housing and new recycling energy. Fifth, reinforcement of organizational power for improving production capability.

Driving Strategy of Standardization Road-Map in Construction (건설표준화 로드맵 - 외국신기술 제도 중심으로)

  • Kim Jong-Gurl;Park Wook-Jae
    • Proceedings of the Safety Management and Science Conference
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    • 2006.04a
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    • pp.429-436
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    • 2006
  • Standardization strategy is considered as an important approach for the organization growth and competitiveness. Major contents of standardization are the selection of standardization area and management of standardization timing under limited resources. The developments of standardization road map and its driving strategy in construction area are important policy subjects in view of investment scale and national economy. In this paper, we aim to survey on the standardization theory and its application in construction field and suggest research direction for driving strategy of standardization road map development.

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