• Title/Summary/Keyword: Market Comparison

Search Result 908, Processing Time 0.026 seconds

The Financial Impact Generated by Shifts in Value Strategic Emphasis (가치전략 중점의 변화가 재무성과에 미치는 영향)

  • Hong, Kichul;Park, Kwangho
    • Journal of Korean Society of Industrial and Systems Engineering
    • /
    • v.39 no.4
    • /
    • pp.26-39
    • /
    • 2016
  • Korea's main manufacturing industries, which have led its economy for the past three decades, are faced with a serious downturn and loss of competitive advantages due to the current economic depression, China's rise, and the drop of oil prices. Korean business firms must adopt the paradigm shift in their value strategies, along with a government-led industrial restructuring in order to gain sustainable competitive advantages. Business firms allocate their limited resources between value creation and value appropriation, however, what effect does strategic emphasis on value creation versus value appropriation have on a business firm's financial performance? This paper empirically addresses this issue by examining the effect of shifts in strategic emphasis on stock return. Furthermore, this study examines appropriate choices of strategic emphasis to gain differential financial performance. The data set used in this regression analysis comes from the KISLINE database of NICE Information Service. The variables that form the basis of this analysis are stock return, ROA, and Strategic Emphasis [(advertising expenditures-R&D expenditures)/assets]. The interactive effect with situational factors regarding the firm and the type of technological environment in which the firm is operating was also analyzed. Our results show that investors acknowledge a shift of strategic emphasis as a sign of stock valuation. In comparison to US, Korean business firms have weak value creation capabilities in high-technology industries, and weak value appropriation capabilities in low-technology industries. This proves Korean firms are fast followers in the global market. Our findings suggest that Korean firms have to adopt a balanced value strategy, nurturing value creation and developing value appropriation for overcoming the current economic downturn and becoming a first mover in the dawn of "Industry 4.0."

An Experimental and Numerical Analysis on Performance Comparison of a Trigeneration Desiccant System and Conventional Air-conditioning System (Trigeneration 제습공조시스템과 일반공조시스템의 성능 비교 실험 및 수치해석)

  • Kim, Hyoung-Tae;Chae, Jungmin;Cho, Young-Ah;Park, So-jin;Song, Geun-Soo
    • Journal of the Korean Institute of Gas
    • /
    • v.22 no.3
    • /
    • pp.32-37
    • /
    • 2018
  • Recently, the distributed power generation market using natural gas is expected to expand gradually according to the government's future energy conversion policy. Distributed power generation means small power generation source near the power demand site, which has the advantage of reducing the construction costs of the transmission and distribution infrastructure, operating cost and power loss. A typical example of distributed generation using natural gas is the trigeneration system. In this study, we conducted a basic study on the performance analysis of trigeneration desiccant system for dehumidifying / cooling / heating in the air conditioner room by using the cold and engine waste heat energy generated in the trigeneration system. It shows that the system efficiency increases and the energy consumption decreases as the temperature difference between the inlet and outlet of the trigeneration system increases compared with the general air conditioning system.

Effect of Frozen Storage Temperature on the Quality of Premium Ice Cream

  • Park, Sung Hee;Jo, Yeon-Ji;Chun, Ji-Yeon;Hong, Geun-Pyo;Davaatseren, Munkhtugs;Choi, Mi-Jung
    • Food Science of Animal Resources
    • /
    • v.35 no.6
    • /
    • pp.793-799
    • /
    • 2015
  • The market sales of premium ice cream have paralleled the growth in consumer desire for rich flavor and taste. Storage temperature is a major consideration in preserving the quality attributes of premium ice cream products for both the manufacturer and retailers during prolonged storage. We investigated the effect of storage temperature (−18℃, −30℃, −50℃, and −70℃) and storage times, up to 52 wk, on the quality attributes of premium ice cream. Quality attributes tested included ice crystal size, air cell size, melting resistance, and color. Ice crystal size increased from 40.3 µm to 100.1 µm after 52 wk of storage at −18℃. When ice cream samples were stored at −50℃ or −70℃, ice crystal size slightly increased from 40.3 µm to 57-58 µm. Initial air cell size increased from 37.1 µm to 87.7 µm after storage at −18℃ for 52 wk. However, for storage temperatures of −50℃ and −70℃, air cell size increased only slightly from 37.1 µm to 46-47 µm. Low storage temperature (−50℃ and −70℃) resulted in better melt resistance and minimized color changes in comparison to high temperature storage (−18℃ and −30℃). In our study, quality changes in premium ice cream were gradually minimized according to decrease in storage temperature up to−50℃. No significant beneficial effect of −70℃ storage was found in quality attributes. In the scope of our experiment, we recommend a storage temperature of −50℃ to preserve the quality attributes of premium ice cream.

Analysis Result for the Technical Development Reducing Standby Power in Domestic Major Electric Appliances : The Electricity Energy Saving Effect (국내 주요 가전제품의 대기전력저감기술 성과 분석 : 에너지절약 효과를 중심으로)

  • Lee, Eun-Young;Joung, Soon-Hee
    • Journal of Families and Better Life
    • /
    • v.27 no.4
    • /
    • pp.141-160
    • /
    • 2009
  • Recently, some policies for reducing standby power, which has quite an effect on electricity consumption, have been employed all over the world. This study surveys the present condition of standby power for major electric home appliances during three years and analyzes the result of technical development reducing standby power. It presents how the industry paid attention to applying the technique of reducing standby power to electric appliances and how it affects the product's energy efficiency. We survey the standby power's change for six items, which were selected from the major electric appliances available on the market. It analyzes the difference of standby power consumption between appliances with a standby power reducing technique and those without during the latest three years. The amount of the average standby power is also compared. The comparison data confirms that the industry's effort and application of reducing standby power contribution has contributed to increasing an appliance's energy efficiency. This study restricted the analyzed items to six appliances, which has been a low volunteered involvement in the standby power reducing program. It is important for reducing standby power consumption of appliances because it contributes to saving electric energy at home and abroad. The development of the standby power reducing technique is needed for more appliances. Along with the development of the standby power reducing technique in the industrial field, it also necessary for consumers to enlarge their understanding of standby power reduction for economic, social, and environmental values.

Comparison of Nutrient Calculation Programs for Dietary Intake Analysis (식품섭취 조사 분석시 영양가 계산 프로그램의 비교 연구)

  • Mun, Hyeon-Gyeong;Kim, Eun-Gyeong
    • Journal of the Korean Dietetic Association
    • /
    • v.5 no.1
    • /
    • pp.100-115
    • /
    • 1999
  • With the growing number of nutrient calculation software packages on the market, there are need to compare each programs. Since each program use different nutrient databases, the result of calculation may be different in value. In this study, we use three(A, B, C) most popular program package to compare the result of nutrient calculation. For the analysis, 24hour recall data from 97 preschool children, 66 university students and 95 aged persons were used. For the calculation if subjects gave the complete recipe, recipes from the subjects were used. Otherwise, recipe from the program database were used. Common 15 nutrients of which all program can give results, are analyzed and compared for mean nutrient intake and nutrient intake for food groups. Ten nutrients among 15 nutrients which have RDA were analyzed for % of RDA and the distribution of RDA. Mean nutrient intake of Fe, vitamin A, Na were statistically different among results of the calculation using three programs(p<0.001). The distribution of Fe, vitamin A and vitamin $B_2$, niacin were statistically different among three results of the calculation using three program(p<0.001, p<0.05). Nutrient intakes of food groups were statistically different in cereal and products, bean and products, vegetables, fruits, fishes and shellfishes, milk and products, beverages, and seasonings(p<0.0001). It is hard to say that the difference among three program are coming from the difference from nutrient database or recipe database in this study. With these result, we conclude that it is necessary to evaluate nutrient database and recipe database as the foremost consideration in selecting nutrient calculation software. Those differences should be considered when interpreting results, comparing results with other studies, and when developing treatment plans in the clinical settings.

  • PDF

The Study on the Effect of Cultural Difference on Overseas Travel Market: A Comparison among Korea, China, U.S. and Japan (문화차이가 해외여행 시장에 미치는 영향에 관한 연구: 한·중·미·일 비교를 중심으로)

  • Kim, Jonghyuk
    • International Commerce and Information Review
    • /
    • v.19 no.1
    • /
    • pp.213-234
    • /
    • 2017
  • This study analyzed valid samples of 707 units collected by conducting paper and online surveys on the Korean, the Chinese, the American, and the Japanese. The result showed that a significant causal relationship exists between power distance and pull motivation as well as collectivism and push motivation, which led to a conclusion that developing travel packages that can strengthen bonding of fraternal societies through various events and attractions is effective for respondents from Asian countries. On the other hand, Americans turned out to prefer practical plans, which could provide individual's needs and preferences, for example, a self-healing package. This study, using a simple survey, may have a limitation in that it does not allow the participants to express their opinions. However, the study is meaningful that it made a theoretical contribution utilizing Hofstede's cultural dimensions index, two types of motivation, and theories of customer satisfaction and revisit intention. It also has a practical implication in that it proposes the most optimal and applicable overseas travel marketing strategy by comparing cultural traits of each country.

  • PDF

Comparison on the Behaviors of Inverted Tee and Rectangular Precast Prestressed Concrete Beams Under Combined Bending and Torsion (휨과 비틀림을 받는 프리캐스트 PSC 역T형 보와 직사각형 보의 거동 비교)

  • Seol Dong-Jae;Park Sang-Yeol;Yu Sung-Yong
    • Journal of the Korea Concrete Institute
    • /
    • v.16 no.6 s.84
    • /
    • pp.733-740
    • /
    • 2004
  • This study presents the behaviors of the typical architectural precast prestressed concrete beams, inverted tee and rectangular beams, subjected to combined flexural and torsional loads. For this purpose, two inverted-tee beams were designed with a parking live load, $5 kN/m^2$, and a market load $12 kN/m^2$ according to the currently used typical shape in the domestic building site. Also, two rectangular beams were also designed as the same bottom dimension and area, and reinforced for similar strength as in the cases of inverted tee beams. Total of four beams were tested, under combined bending and torsion, analysed and compared. Test results showed that the cracking and ultimate flexural strength of the beams decreased under torsional loading. However, two different shaped-beams had roughly the same load resisting capacity in service and ultimate states.

A Study on the Intermediary Experience of Product Philanthropy between Corporations and NPOs: Exploring for the Development of Product Philanthropy Systems (기업과 비영리기관의 현물기부 중개 경험에 관한 연구 : 현물기부 시스템 개발을 위한 탐색)

  • Lee, Eun Jung
    • Journal of the Korea Convergence Society
    • /
    • v.5 no.4
    • /
    • pp.129-136
    • /
    • 2014
  • Although the concern about various welfare resources in the private sector is increasing, it has been less discussed on product donation in comparison with cash donation. This study is to explore effective product donation system by understanding the intermediary process experience of product philanthropy between corporations and non-profit organizations. In order to understand such process in details, data was collected by conducting interview in-depth with 4 corporate staff and 2 NPOs staff in charge for product donation. Based on the findings of study, suggestions are discussed for effective intermediary systems of product donation including the use of new technology such as the on-line system of Good 360(formerly Gift In Kind International) and for improving the partnership between corporations and NPOs to activate product philanthropy. Also, these show that it is necessary to reinforce institutional support on tax-incentive and fair market value of giving product.

A Study on the Fit Preference Tendency for Ready-to-wear by the Age and Obesity Level of Adult Women (성인 여성의 연령 비만도에 따른 기성복 맞음새 선호 경향 조사)

  • Seok, Hye-Jung;Kim, In-Suk
    • Journal of the Korean Home Economics Association
    • /
    • v.41 no.9
    • /
    • pp.17-29
    • /
    • 2003
  • The objective of this study is to investigate the fit preference tendency for ready-to-wears(jackets, skirts, and slacks) of adult women and to find out the respective differences by the age range and the obesity level. The study method was the questionnaire survey with the subjects of 699 women of 20 up to 59 years of age. The questionnaire is composed of fit preference tendency, physical measurements, age, and occupation. For the data analysis, SPSS 90. program was used, and descriptive statistics, Crosstabs, ANOVA, Duncan's test, and t-test were conducted. The findings are as follows. 1. Regarding the fit preferred for each part of jackets, skirts, and slacks, among ready-to-wears, the 'thing with some extra width' in every part was most favored, followed by the 'thing fitting perfectly'. 2. The differences were found in the fit preference tendency by the age of adult women. The fit preference tendency was higher among those in their 20's than among those of the other age range, and those in their 30's and 40's preferred the clothes with less extra width in comparison with those in their 50's. 3. The differences were also found in the fit preference tendency by the obesity level of adult women. The fit preference tendency was high in the order of the emaciation, normalcy, and obesity types. 4. The fit preference tendency was found to be more affected by the obesity level than by the age. The fit preference tendency by the obesity level of each age range showed the differences in all of the age range. However, the normal type did not show the preference difference among the age ranges, in the fit preference tendency by the age range of each obesity level. Clothing manufacturing firms should understand the characteristics of consumers, such as their age, body type, extra width preferred, to provide the consumers of target market with suitable leeway, and they should design the clothing products which meet up these needs in style and silhouette.

Wearing Conditions of Outdoor Jacket for Senior Men and Research for Actual Product Size of Outdoor Brands (시니어 남성의 아웃도어 재킷착용실태 및 아웃도어 브랜드 제품치수조사)

  • Kwon, Jeongho;Jung, Hee-Kyeong;Lee, Jeong-Ran
    • Fashion & Textile Research Journal
    • /
    • v.17 no.4
    • /
    • pp.626-634
    • /
    • 2015
  • This study analyzes the wearing and purchasing conditions of outdoor jackets by senior men who are over 50s, and examines product sizes of outdoor jackets in the market. A total of 134 questionnaires and sizing systems (or product size) of 10 outdoor brands were used as analytical data. The results were: a high number of senior men enjoyed hiking as an outdoor activity, with most of them following this activity1-3 times per month and as a preferred personal activity for over 5 years. Most needed outdoor wear suitable for these daily life activities. Outdoor wear satisfaction tends to decrease as people age. The major reason for the dissatisfaction with outdoor wear was price. Senior men aged 50s and 60s emphasize design and color when purchasing outdoor wear; however, men in their 70s considered price a priority. Senior men preferred outdoor brands based on a comfortable fit. An investigation on 10 outdoor brands indicated that they had not designated a specific target customer. A comparison of the product size of outdoor jackets with a similar silhouette indicated some deviations among sizes; however, the age of customers was not considered. The human body tends to shrink in stature and increase in girth as a person ages; consequently, we need to reflect body shape changes and senior's size in outdoor wear.