• Title/Summary/Keyword: Management policy and strategy

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An Empirical Study on Performance Determinants Influencing Re-investment of Multinational Enterprises: Focusing on Multinational Enterprises which Invested Local R&D Centers in Korea (다국적기업의 재투자에 영향을 미치는 성과요인에 관한 실증 연구: 국내진출 다국적기업 중 R&D센터 보유기업을 중심으로)

  • Kim, Jae-Kyung;Lee, Bong-Soo
    • Korea Trade Review
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    • v.44 no.1
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    • pp.87-99
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    • 2019
  • Recently there are sharp increase in number of studies related with facilitation of Inward-FDI or Multinational Enterprises invested in Korea region. The most of studies are mainly purposing to survey - 1)how Korea Government makes counter plan and assistance policy to make foreign capital and Inward-FDI more attractively and aggressively, 2)what is the new framework or system for Inward-FDI policy, 3)what is economic effect of Inward-FDI, 4)what are determinants or conclusive factors of FDI in Korea. Under this situation, the goal of this report is to find out the new way for Multinational Enterprises to reinvest continuously thru getting their better investment performances on several factors including Marketing Competence, Management Ability, Localization Management Skill, Business Management Strategy, and R&D Competitiveness which would be much more important determinants influencing re-investment of Multinational Enterprises in Kora. This report based on the empirical result and comprehensive analysis will eventually help policy makers to implement the appropriate strategy and support Multinational Enterprises to proceed positive circle's re-investment activity in the end.

Study on Medicine Related Policies for Management Strategies and Performances of the Pharmaceutical Industry (제약산업의 경영전략, 경영성과에 의약품관련정책이 미치는 영향에 관한 연구)

  • Jung, Jae-Hoon;Cho, Duk-Young;Choi, Suhe-yong
    • The Korean Journal of Health Service Management
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    • v.9 no.4
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    • pp.157-169
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    • 2015
  • Objectives : The aim of this study was to investigate the effect of various Republic of Korea policies, including the medicine cost rationalization policy implemented By investigating the management strategy/performance changes of the industry caused by such policies. Methods : Pharmaceutical companies listed on the national stock exchange and the KOSDAQ were examined for 10 years from 2004 to 2013. Their financial statements were collected and market changes before and after drug price policy implementations were compared. Results : From the result of this research, among the medicine related policies, the drug price rationalization policy was found to have a significant effect on business management strategies in terms of safety, profitability and growth potential after its implementation. After the drug pricing transparency policy was implemented, management strategies were affected significantly in terms of safety and profitability. Conclusions : As a result, all of the medicine related policies were found to have regulatory effects. Based on these findings, implications, research limitations and future study plans are presented.

Union Substitution Strategy and Human Resource Management by Non-Unionized Valero Energy Co. (비노조기업 Valero Energy의 노조대체전략과 인적자원관리)

  • Lee, Jeonghyun
    • Korean Journal of Labor Studies
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    • v.24 no.2
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    • pp.409-441
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    • 2018
  • This study is a case study about the Valero Energy Corporation, the largest American independent refinery company, examining the characteristics of human resource management as a union avoidance strategy. The main research questions here are whether union substitution strategy differs clearly from union suppression strategy in the context of Valero Energy. Since the establishment in 1980, the Valero had maintained non-union tradition. The typical examples of human resource management in the non-unionized American companies are easily found in the Valero, such as strong CEO leadership, manpower policy emphasizing corporate culture and teamwork, direct communication between company and individual employees, no lay-off policy and no outsourcing policy of HRM, salary level around average of industry and best level of fringe benefits in the industry, non-union tradition and well-functioned alternative dispute resolution system and so on. Until now, based on tremendous growth and profitability, the company have applied union substitution method adopted by good companies as concrete method of union avoidance strategy instead of union suppression method that marginal enterprise prefers.

A Study on Pricing Decision Strategy of Small and Medium Size Manufacturing Company in Supply Chain Environment (공급 사슬 환경에서 중소 제조 기업의 가격 결정 전략에 관한 연구)

  • Hwang, Seung-June;Kim, Tai-Young;Keum, Byung-Chan
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.34 no.2
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    • pp.68-75
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    • 2011
  • The purpose of this paper is to suggest a supplier and buyer's pricing decision strategy model with discount-policy over a long-term replenishment contract in a supply chain environment by small and medium size manufacturing company. We assume that the buyer has a superior economic power over a supplier and each agent in a supply chain is unaware of each other. The supplier proposes pricing decision strategy to induce the buyer to choose the terms of contract for the benefit of the supplier. Then buyer decides the terms of contract to maximize her profit considering supplier's discount-policy. We also present a numerical example to illustrate the efficiency of pricing decision strategy.

Platform Strategy and Market Response Impact on the Success of Crowdfunding: A Chinese Case

  • Guo, Li;Zhou, Dongmei;Chen, Yang;Huy, Ratanak
    • Asian Journal of Innovation and Policy
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    • v.4 no.3
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    • pp.397-409
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    • 2015
  • Nowadays, crowdfunding presents a promising development. This research focuses on the influence of platform strategy and market response on the success of crowdfunding from the perspective of the elaboration likelihood model (ELM) theory. Detailed product specifications, crowdfunding difficulty coefficient, vivid advertising video such as introduction and music, and recommendations from relevant figures are all used to depict platform strategy. Meanwhile, we use the number of lovers, followers, comments and 1 RMB backers to measure the level of market response. And thus, we model the impact of platform strategy and market response on crowdfunding success with empirical studies based on 400 samples of observed value. We found firstly that there exist significant positive relations between the total amount of funds pledged and detailed product specification, vivid advertising video, recommendations from relevant figures and the number of 1 RMB backers. Secondly, the crowdfunding difficulty of projects affects negatively, and significantly, the total amount of funds pledged. Thirdly, the influence of the number of lovers and followers on funds pledged is not significant.

Spent Nuclear Fuel Management in South Korea: Current Status and the Way Forward (사용후핵연료 관리 현안 및 정책 제언)

  • Hwang, Yongsoo;Chang, Sunyoung;Han, Jae-Jun
    • Journal of Korean Society of Environmental Engineers
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    • v.37 no.5
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    • pp.312-323
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    • 2015
  • This paper presents future directions for spent nuclear fuel and high-level radioactive waste management. The successes and failures of siting nuclear waste repository experienced by the United States and other countries are reviewed with the current policy stance. Further, the needs for establishing management policy, considering the high-level radioactive waste produced by the dismantlement, nuclear security concerns, and cost-effectiveness analysis for the total nuclear fuel cycle, are emphasised. Technical discussions are organised into three main topics: interim storage, permanent disposal, and reprocessing. Licensing regimes are also investigated to suggest strategic plans for research and development programmes in the Republic of Korea.

A Comparative Analysis of Long-Term Preservation Policies in Foreign Electronic Records: NARA, LAC, TNA, NAA, and SFA (국외 전자기록물의 장기보존 정책 비교 분석 - 미국, 캐나다, 영국, 호주, 스위스를 중심으로 -)

  • So, Jeong-Eui;Han, Hui-Jeong;Yang, Dongmin
    • Journal of Korean Society of Archives and Records Management
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    • v.18 no.4
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    • pp.125-148
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    • 2018
  • This study was intended to investigate the long-term preservation policy of electronic records published abroad to derive and compare the policy elements necessary for policy establishment. The U.S., Canada, United Kingdom, Australia, and Switzerland archives were selected, which officially announced the e-Record Preservation Policy. Research and analysis of the long-term preservation policies of the five selected countries resulted in six main policy elements. These six policy elements are preservation scope, long-term preservation strategy, risk management, integrity assurance methods, preservation infrastructure, and reference models. We compared and analyzed five long-term preservation policies through policy elements and found six implications as a result. The implications were focused on establishing a long-term preservation strategy in line with the actual state of the institution and using long-term preservation policies outside of the country as advanced cases for various types of electronic records.

Future IPTV Service's Shift and Policy Issues in Convergence Environments (컨버전스 관점에서 미래 IPTV 서비스 변화와 정책이슈 전망)

  • Lee, Myung-Soon;Lee, Young-Hee;Kim, Moon-Sun
    • Journal of Digital Convergence
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    • v.11 no.5
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    • pp.13-21
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    • 2013
  • IPTV Service, a convergence service of broadcasting, seems to have great potential as a nation's future growth driver for the 21st century. As IPTV service is future-oriented industry, adopting IPTV policy by freeing oneself from shortsighted policy and considering long-term strategy and rapidly changing convergence environment would be desirable. Therefore, the purpose of this research is to deduct future IPTV service under convergence environment by applying T.A.I.D.A, which is strategy planning tool effective for planning mid-long strategy, under uncertain environment among scenario method and offer new policy direction in order to realize future IPTV service.

Performance of Hospitals across Porter's Generic Strategic Types (병원 경영전략의 유형과 성과)

  • Park, Young-Suk;Lee, Key-Hyo;Kim, Won-Joong;Kwon, Young-Dae
    • Korea Journal of Hospital Management
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    • v.4 no.1
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    • pp.129-146
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    • 1999
  • The overall objective of this article is to identify the strategic type of Korean hospitals in terms of Porter's framework and to examine differences in performance of the hospitals across strategic types. A survey was conducted through structured questionnaire for 739 hospitals in Korea and the data from 120 hospitals were utilized in the final analysis. Study results indicate that the most frequently used strategy was 'stuck-in-the-middle strategy'(26.7%), followed by 'focused cost leadership strategy'(24.0%), 'focused differentiation strategy'(20.8%), 'cost leadership strategy'(15.8%), and 'differentiation strategy'(13.7%). Overall, 'focused differentiation strategy' showed superior performance in terms of profitability of services, ability to retain patients and growth in revenue, while 'differentiation strategy' produced relatively low performance in general. Implications of these findings are also discussed.

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Strategy of Research for Developing Model of Community Based Non-Communicable Diseases Control and Prevention (지역사회 기반 만성질환 관리모형 구축을 위한 연구방안)

  • Park, Yoon Hyung
    • Health Policy and Management
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    • v.26 no.1
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    • pp.1-3
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    • 2016
  • The prevalence of non-communicable disease (NCD) has been continuously increasing due to population ageing, and the change in consumption and lifestyle patterns. Cancers, cerebrovascular diseases, and hypertensive diseases have been the major causes of deaths in the Republic of Korea since 1983. Numerous studies have suggested the need for a sustained comprehensive treatment tailored for individual patients and recommend the development of a systematic program to manage NCD patients to provide such care. It's necessary to develop the Korean model of the community based NCD prevention and control, consisting strategy of community movement, education for the NCD patients, and partnership the primary care clinic with public health organization to meet the needs in community people.