• Title/Summary/Keyword: Managing business

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A Study on the Factors Influencing Repurchase Intention in Social Commerce (공동구매형 소셜 커머스의 재구매의도에 영향을 미치는 요인에 관한 연구)

  • Wang, Yu;Kwon, Sun-Dong
    • Journal of Information Technology Applications and Management
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    • v.19 no.4
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    • pp.137-152
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    • 2012
  • As social media such as facebook and twitter is widespread, social commerce appears as a new way of e-commerce. Social commerce is a subset of electronic commerce that involves using social media that supports social interaction and user contributions. From the understanding of social commerce and literature review, we deduced the research model that relationship, collectivism, convenience, usefulness, low price, reputation, and rapidness have influence on satisfaction and repurchase intention. As a result of data analysis, relationship, convenience, usefulness, low price, and rapidness had influence on satisfaction and repurchase intention. And collectivism had influence on relationship. But reputation did not have influence on satisfaction. The focus of this study is on the effect of relationship and collectivism on satisfaction and repurchase, because relationship and collectivism is the major feature of social commerce. Succinctly speaking, collectivism affects relationship among users, in turn, relationship affects satisfaction and repurchase intention. This study gives a contribution to business. Business related with social commerce has to make a business strategy for managing relationship and consider collectivism tendency for selecting target customer.

The Challenge of Managing Customer Networks under Change : Proving the Complexity of the Inverse Dominating Set Problem (소비자 네트워크의 변화 관리 문제 : 최소지배집합 역 문제의 계산 복잡성 증명)

  • Chung, Yerim;Park, Sunju;Chung, Seungwha
    • Journal of the Korean Operations Research and Management Science Society
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    • v.39 no.2
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    • pp.131-140
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    • 2014
  • Customer networks go through constant changes. They may expand or shrink once they are formed. In dynamic environments, it is a critical corporate challenge to identify and manage influential customer groups in a cost effective way. In this context, we apply inverse optimization theory to suggest an efficient method to manage customer networks. In this paper, we assume that there exists a subset of nodes that might have a large effect on the network and that the network can be modified via some strategic actions. Rather than making efforts to find influential nodes whenever the network changes, we focus on a subset of selective nodes and perturb as little as possible the interaction between nodes in order to make the selected nodes influential in the given network. We define the following problem based on the inverse optimization. Given a graph and a prescribed node subset, the objective is to modify the structure of the given graph so that the fixed subset of nodes becomes a minimum dominating set in the modified graph and the cost for modification is minimum under a fixed norm. We call this problem the inverse dominating set problem and investigate its computational complexity.

Disputes in Managing Projects: A Case Study of Construction Industry in Vietnam

  • VO, Khoa Dang;NGUYEN, Phong Thanh;NGUYEN, Quyen Le Hoang Thuy To
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.8
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    • pp.635-644
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    • 2020
  • The construction industry in developing countries like Vietnam, which incorporates small and medium construction enterprises, is typically more prone to disputes and contract dispute-related lawsuits. A dispute may occur at any time in the life cycle of the project. It is sometimes solved with the intermediation of a lawyer or directly by stakeholders. Understanding the causes of disputes in a construction project not only improves the efficiency of a company but also increases the success of projects. This study was carried out using a questionnaire survey at construction projects in Ho Chi Minh City. Sample data with 117 observations were analyzed to find the disputing factors in construction projects: diversity of working style among the parties; reluctance to work; and poor teamwork. Correlation coefficient on a rank of factors between design consultant and contractor; Design consultant and project owners are positively correlated. The Exploratory Factor Analysis (EFA) analysis identified six groups of factors in construction disputes: cooperation, technology, economics, productivity, information, and behavior. The findings are useful for enterprise practice and provide participants with an overview of sources of dispute. Thus, a more complete risk management plan can be formulated, which will accelerate project progress and improve the likelihood of success.

Design & Development of Web-based Sales Force Automation System (웹 기반의 SFA 시스템 설계 및 개발)

  • Nam, Ho-Ki;Park, Sang-Min;Won, Mi-Ran;Jung, Sung-Ah
    • Journal of the Korea Safety Management & Science
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    • v.13 no.4
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    • pp.283-290
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    • 2011
  • According to the rapid evolution of information technology, the salesperson's business efficiency and faster information sharing within the enterprise that need to improve competitiveness has been increasing steadily. In general, many companies has been managed the sales through the ERP system. However, the ERP informations as a result of operating activities can not perform customer maintenance activities from strategic planning. Therefore, a series of sales activities information as corporate intellectual assets is needed strategic business solutions for managing it. In this study, the web-based SFA systems were designed for salesperson. Salespersons improve the efficiency of the business through management and improvement activities of sales information. The systematic customer information management contribute to improving the company's revenue through improved customer service satisfaction.

The Management of International Distribution Channels : Focusing on the Perspective Korean Exporting Companies

  • Lee, Eung-Kweon
    • East Asian Journal of Business Economics (EAJBE)
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    • v.6 no.1
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    • pp.47-63
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    • 2018
  • Purpose - The objective of this research is to investigate how selected Korean General Trading Companies, (KGTCs), manage their international distribution channels to sustain the growth of the international marketplace. Specifically, the following questions were answered: What is the profile of the respondents in the position from the company, the experience in channel of distribution operations, the number of distribution channels existing in the international marketplace. Research design, data, methodology -The thirty-nine respondents representing 55 percent have less than 10 years of experience in channel of distribution operations while 34 respondents, equivalent to 45 percent have 10 or more years of experience. All of the respondent KGTCs are using the channel of distribution in their export operations in Asia. Respondent KGTCs' 2015 export sales in Asia were between US$ 100 to 200 million. Results - There are no significant differences in the perceptions of the two groups of respondents with regard to the perceived practices of KGTC in the management of international distribution channels. Exporting companies use common sense when managing conflicts and emphasize the importance of a clear contract which states what obligations and requirements there are of each party in order to prevent conflict. Conclusions - The higher level of details in the contract, the lesser would conflicts arise. The more intense communication, the higher level of information exchange. The higher level of details in the contract, the lesser would conflicts arise.

Analyzing Optimal Economic Fishing Efforts of the Coastal Snow Crab Gillnet Fishery (대게 연안자망어업의 경제적 적정 어구사용량 분석)

  • Kim, Do-Hoon;An, Heui-Chun;Lee, Kyoung-Hoon
    • The Journal of Fisheries Business Administration
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    • v.39 no.2
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    • pp.25-39
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    • 2008
  • The Korean government is in the establishment process of plan for managing fishing effort by setting up the maximum fishing gear usage per fishery type for the recovery of fishery resources, for the settlement of disputes between fishery sectors over fishing gears, and for the stability of fishing business condition. Especially in the setting up of the maximum fishing gear usage, economic standards as well as biological standards are being considered as a significant factor to promote the sustainable and economically viable development of fisheries. This study is, thus, to analyze the optimal economic fishing gear usage ($E_{MEY}$) as the most economically efficient one for the coastal snow crab gillnet fishery, one of the most controversial sectors in establishing the maximum fishing gear usage. The data of logbooks per trip were used for concentrating on the estimation of $E_{MEY}$ per trip because it was considered there were limitations of data available for analyses. As a finding drawn from the analyses, the optimal economic trap usage ($E_{MEY}$) of coastal snow crab gillnet vessels per trip has to be decreased by about 13%. That is, reducing the trip gillnet usage up to the level of $E_{MEY}$ can lead to the reduction of trip fishing costs, thereby resulting in the increased trip profits.

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Design a Middleware for Refrigerated Warehouses based on SaaS Supporting Legacy Systems (레거시 시스템을 지원하는 SaaS 기반 냉동창고 관리 미들웨어의 설계)

  • Lee, Tae-Kyu;Joo, Hong-Min;Kim, Jong-Min;Ban, Chae-Hoon
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2011.10a
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    • pp.88-90
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    • 2011
  • It is a very important to manage inventory quickly and accurately in Refrigerated commercial warehouses in which a lot of logistics are often shipping and receiving. Because most of systems for managing refrigerated warehouses consist of COBOL, it will be raised maintenance costs. There is no service for consignees who are consumer of refrigerated warehouses and they use only a fax or a phone for orders. In this paper, we design a web mobile middleware platform supporting legacy systems and based on SaaS which supports a variety of value-added services which are fit consignees, solving problem of outdated legacy systems and no services for consignees.

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Development Model of Ship Management in Korea - Focused on the comparison of Korea and Japan - (한국선박관리업의 발전모델에 관한 연구 - 한일 비교분석을 중심으로 -)

  • Park, Jun-Won;Kwak, Kyu-Seok
    • Journal of Navigation and Port Research
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    • v.34 no.1
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    • pp.39-44
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    • 2010
  • Domestic ship management was extended by the growth of the shipping industry. It is time to specialize and globalize ship management not simply deploying seaman but managing ship owners' properties. This paper analyzes the reasons that Japanese ship management, which has been influenced ship management business in Korea, could not own the international level of companies and suggests the decline model of Japanese ship management business. Finally This paper provides the successful model of ship management business in Korea and the way to convert into the model.

The Nexus Between Inventory Management and Firm Performance: A Saudi Arabian Perspective

  • HASHED, Abdul Wahid Ahmed;SHAIK, Abdul Rahman
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.6
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    • pp.297-302
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    • 2022
  • The current study examines the relationship between inventory management efficiency and financial performance in Saudi Arabian companies. The study collected data from the companies listed on Tadawul (a Saudi Arabian stock exchange) during the period starting from 2016 and ending in 2020. The study uses pooled regression model by incorporating Return on Assets (ROA) and Inventory Turnover Ratio (ITR) as a performance measurement variable and inventory conversion period as an inventory management variable to report the results. The results show a positive and significant association between inventory management and firms' financial growth measured in terms of Return on Assets (ROA). Further, the study reports a positive and significant association between the inventory conversion period and inventory turnover (ITR). This shows that managing inventory efficiently shall positively impact the firm's performance. The other variables, such as debt ratio and gross profit, are positively related to ROA and negatively correlated with ITR. The firm growth is positively associated with both the dependent variables. The results suggest that the management of inventory in Saudi Arabian firms is efficient. Further, the firm size is positively associated with ROA and ITR. This shows a nexus between inventory management efficiency and firms' financial growth in Saudi Arabian companies.

Analyzing the Factors Influencing the Intention to Adopt Autonomous Ships Using the TOE Framework and DOI Theory

  • Park, You-Jin;Jeong, Yu-Jin;An, Young-Su;Ahn, Jong-Kap
    • Journal of Navigation and Port Research
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    • v.46 no.2
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    • pp.134-144
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    • 2022
  • The development and operation of autonomous ships are spotlighted as a next-generation technology that will provide newbenefits for the maritime business during the fourth industrial revolution. To expand the adoption of autonomous ships, the much more interest of the nation and the industries will have to be changed to actual adoption in shipping companies. For this, it is judged that research to identify the factors impacting the adoption intention of autonomous ships should be preceded. However, most studies on autonomous ships have focused on developing the technology, revising the law, establishing policies, and managing human resources, with few studies on influencing factors in the adoption of autonomous ships. A model, to identify the factors that impact the intention to the adoption of autonomous ships, based on the theory of diffusion of innovation and the TOE framework was developed. The suggested model was verified through empirical analysis targeting the shipping companies and the marine industries in Korea. As the result of this study, it was found that top management support, financial slack, and competitive intensity significantly impacted the intention to adopt autonomous ships. Additionally, it was revealed that the overall awareness of autonomous ships among Korean shipping companies is poor.