• Title/Summary/Keyword: Market agility

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The Role of Market Orientation and Organizational Innovativeness in Enhancing the Supply Chain Agility of Korean Apparel Firms

  • Yoon, Taeyoung;Koh, Ae-Ran;Jin, Byoungho
    • Journal of the Korean Society of Clothing and Textiles
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    • v.38 no.5
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    • pp.718-732
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    • 2014
  • This study investigates the effects of two organizational variables (market orientation and organizational innovativeness) and the interaction between these two variables on supply chain agility as well as examines the moderating effect of 1) firm size and 2) the extent of global sourcing. Employing a web-based e-mail survey method, the study issued 1,320 questionnaires to South Korea apparel manufacturing companies; data from 147 completed surveys were analyzed. Market orientation, organizational innovativeness, and the interaction between the two variables positively affect supply chain agility. Firm size and global sourcing do not have any significant moderating effects on the relationship between organizational characteristics and supply chain agility. Companies with high market orientation and high organizational innovativeness have more agile supply chains than companies with only market orientation or organizational innovativeness. Firms need to effectively enhance market orientation and organizational innovativeness simultaneously to enhance supply chain agility. The lack of a moderating effect from firm size suggests that all companies should promote a greater degree of market orientation and organizational innovativeness to enhance supply chain agility regardless of firm size.

The Impact of Exploration and Exploitation Activities and Market Agility on the Relationship between Big Data Analytics Capability and Firms' Performance (빅 데이터 분석능력과 기업 성과 간의 관계에서 혁신 및 개선 활동과 시장 민첩성의 영향)

  • Jung, He-Kyung;Boo, Jeman
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.45 no.3
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    • pp.150-162
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    • 2022
  • This study investigated the impact of the latest developments in big data analytics capabilities (BDAC) on firm performance. The BDAC have the power to innovate existing management practices. Nevertheless, their impact on firm performance has not been fully is not yet fully elucidated. The BDAC relates to the flexibility of infrastructure as well as the skills of management and firm's personnel. Most studies have explored the phenomena from a theoretical perspective or based on factors such as organizational characteristics. However, this study extends the flow of previous research by proposing and testing a model which examines whether organizational exploration, exploitation and market agility mediate the relationship between the BDAC and firm performance. The proposed model was tested using survey data collected from the long-term employees over 10 years in 250 companies. The results analyzed through structural equation modeling show that a strong BDAC can help improve firm performance. An organization's ability to analyze big data affects its exploration and exploitation thereby affecting market agility, and, consequently, firm performance. These results also confirm the powerful mediating role of exploration, exploitation, and market agility in improving insights into big data utilization and improving firm performance.

A Study on the Influence of SCM Execution Factors on Competitive Advantage through Business Agility - Focused on display industry - (기업 민첩성을 매개로 한 SCM 실행요인이 경쟁우위에 미치는 영향 - 디스플레이 산업을 중심으로 -)

  • Kang, Chul-Weon;Lee, Sang-Jik
    • Journal of Korea Society of Industrial Information Systems
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    • v.23 no.3
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    • pp.35-48
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    • 2018
  • Recently, We will analyzed the effects of supply chain management(SCM) execution factors on the competitive advantage, focusing on display industry, which is the most intense sectors in global competition. It is important for global companies to secure corporate agility to actively respond to rapid changes in the market. This study examines whether business agility influences competitive advantage and plays a mediating role between performance and competitive advantage considering market situation.. As a result, it was analyzed that three variables of strategic factors such as strategic partnership, information sharing, and information technology have statistically significant effects on firm agility and competitive advantage. Also, it is proved that corporate agility is mediating effect on SCM execution factor and competitive advantage. This study suggests that SCM in global manufacturing industry is a Business Management System(MIS) that must be operated in enterprise management.

A study on the design of an agile supply chain (민첩 공급사슬 설계 방안에 관한 고찰)

  • 문홍일;강무진;김상명;장인성;김기태
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2002.10a
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    • pp.81-84
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    • 2002
  • With the increasing market dynamics, the concept of agile manufacturing system gets more and more attention. For a manufacturing system to be agile, the supply chain should also have sufficient agility. However, most of the supply chain design methods are based on the human experience or trial-and-errors. In this paper, a systematic methodology is proposed. It takes into account the agility of supply chain, the behavior of which is represented as a beam model in mechanics, composed of supplier, transporter, manufacturer, distributor, and customer.

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A Case Study of Strategic Agility & Measurement on Capacity of Automated Logistics System (로지스틱스 정보시스템 능력모델에 따른 전략적 고객서비스와 운영성과에 관한 사례연구)

  • 김연희;서장훈;박명규
    • Journal of the Korea Safety Management & Science
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    • v.6 no.1
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    • pp.157-172
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    • 2004
  • The results of this study has been split into two components, On set of results addressed the strategy of developing a Agility for maintenance consumer. The other set of results addressed the strategy of illuminating the successful measurement and concepts formed during the maintenance problem solving process, especially in the context of the Logistics Information system by aggregation information space. This paper presented a classifiable elements of Agility & Measurement of logistics capability in the Korea market. These concepts are positioned in a framework to give a better understanding what the consequences are of the changing business environment. The developments towards more globalization which leads to centralization and mass individualization that has a tendency to go more in the decentralized solutions, seems to be in contradiction. we will focus a proposal of Logistics information system and demand management decisions that should be a prime concern of any profit maximizing firm, unready strategy of investment. and we will prove the facts that it could be a guiding company which has a ability of cooperation with entities through the founding of supply chain, On the conclusion, we will show the variation which influences for capacity entities and alternative proposal to define a element which influnce for a cause and effect basically.[5]

The Impact of Organizational Internal IT Capability on Agility and Performance: The Moderating Effect of Managerial IT Capability and Top Management Championship (기업 내적 IT 자원이 기업 민첩성과 성과에 미치는 영향: 관리적 IT 능력과 경영진 존재의 조절효과)

  • Kim, Geuna;Kim, Sanghyun
    • Information Systems Review
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    • v.15 no.3
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    • pp.39-69
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    • 2013
  • Business value of information technology has been the biggest interest of all such as practitioners and scholars for decades. Information technology is considered as the driving force or success factor of firm agility. The general assumption is that organizations making considerable efforts in IT investment are more agile than the organizations that are not. However, IT that should help the strategies of the firm that can hinder business or impede agility of the firm occasionally. In other words, it is still unknown if IT helps the agility of the firm or bothers it. Therefore, we note that contrary aspects of IT such as promotion and hindrance of firm agility have been observed frequently and theorize the relationships between them. In other words, we propose a rationale that firms should need to develop superior firm-wide IT capability to manage IT resources successfully in order to realize agility. Thus, this paper theorizes two IT capabilities, including technical IT capability and managerial IT capability as key factors impacting firm agility and firm performance. Further, we operationalize firm agility into two sub-types, including operational adjustment agility and market capitalizing agility. The data from 171 firms was analyzed using PLS approach. The results showed that technical IT capability has positive impact on firm agility and managerial IT capability had positive moderating effects between technical IT capability and firm agility. In addition, it was identified that top management championship positively moderates between agility and firm performance. Finally, it was indicated that firm agility was a very important causal variable of firm performance. Our study provides more exquisite and practical empirical evidences in the relationship between IT capability and firm agility by proposing applicable solution although IT has some contradicting effects on firm agility. Our findings suggest many useful implications to agility related researches in relatively primitive stage and working level officers in organizations.

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The Effect of Market Orientation of SMEs on Responsiveness to Market Change and Organizational Performance: Focused on a Comparative Study of Manufacturing and Service Firms (중소기업의 시장지향성이 시장변화 대응능력 및 조직성과에 미치는 영향: 제조기업과 서비스기업의 비교연구를 중심으로)

  • Son, Je-Young;Kang, In-Won
    • Korea Trade Review
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    • v.44 no.3
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    • pp.171-189
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    • 2019
  • As many studies have contributed to various aspects of the market by utilizing market orientation, however, this study has tried to overcome limitations of existing studies and suggest more concrete and extended implications. In this study, the relationship between market orientation, responsiveness to market change, and organizational performance of SMEs was examined and compared with characteristics of SMEs (manufacturing and service firms). As a result of the verification, interfunctional coordination has a strong influence on the ability of the organization to respond to market changes as well as customer orientation and competitor orientation. And responsiveness to market change, organizational flexibility has a strong impact on both personal performance and overall team performance. As a result of the comparative study, it can be concluded that manufacturing firms emphasize competitor orientation and organizational agility while service firms emphasize customer orientation and organizational flexibility.

Development of hybrid controller combining JAVA and IEC61131-3 on reliable hardware

  • Kobayashi, Toshiko;Chun, Jae-Hong
    • 제어로봇시스템학회:학술대회논문집
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    • 2005.06a
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    • pp.1123-1126
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    • 2005
  • This paper introduces the key features of NCS (Network based Control System), which is quite a new concept in the industrial automation market. Two control systems "DCS" and "PLC" have been recognized as control systems used for process and factory automation during the past decades. However, the market requires more complex functionality, such as monitoring and operation, alarm handling and notification from remote locations using the Web or e-mail. Besides enhancing functionality, interoperability between each device and system is highly required since network and engineering tools provided by many vendors do not cooperate with each others, so that lots of conversion, reconfiguration and reprogramming are required when expanding systems. NCS can meet this requirement, installing leading-edged IT technology using international standards for network and engineering environment. NCS, which is a harmony of web functionality, networkability and a reliable control function, enables information integration and responding to the market's requirements with agility and high reliability.

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Research on systematization and advancement of shipbuilding production management for flexible and agile response for high value offshore platform

  • Song, Young-Joo;Woo, Jong-Hun;Shin, Jong-Gye
    • International Journal of Naval Architecture and Ocean Engineering
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    • v.3 no.3
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    • pp.181-192
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    • 2011
  • Recently, the speed of change related with enterprise management is getting faster than ever owing to the competition among companies, technique diffusion, shortening of product lifecycle, excessive supply of market. For the example, the compliance condition (such as delivery date, product quality, etc.) from the ship owner is getting complicated and the needs for the new product such as FPSO, FSRU are coming to fore. This paradigm shift emphasize the rapid response rather than the competitive price, flexibility and agility rather than effective and optimal perspective for the domestic shipbuilding company. So, domestic shipbuilding companies have to secure agile and flexible ship production environment that could respond change of market and requirements of customers in order to continue a competitive edge in the world market. In this paper, I'm going to define a standard shipbuilding production management system by investigating the environment of domestic major shipbuilding companies. Also, I'm going to propose a unified ship production management and system for the operation of unified management through detail analysis of the activities and the data flow of ship production management. And, the system functions for the strategic approach of ship production management are investigated through the business administration tools such as performance pyramid, VDT and BSC. Lastly, the research of applying strategic KPI to the digital shipyard as virtual execution platform is conducted.

The Influence of After-Sales Service Quality on Customer Satisfaction and Loyalty in Mobile Phone (휴대폰 애프터서비스 품질이 고객만족과 고객충성도에 미치는 영향)

  • Lee, Jae jun;Ryu, Ji-Hyun;Lee, Sae-Jae;Oh, Hyun-Seung;Cho, Jin-Hyung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.4
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    • pp.87-95
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    • 2017
  • This study aims to configure what dimensions make up for smart phone after service quality, and how this service quality affects customer satisfaction and customer loyalty. Smart phone market is a market of the device leading the digital convergence as well as positioning itself as one of the national growth driving industry. To survive in this matured market, companies should have to respond actively to radical changes and customers needs in the so-called Smart Revolution environment. Lately, however, the smart phone market is prospected to move from growth phase to mature phase by the scholars. In order to proactively respond to the change in such market condition, companies need to provide absolute advantage in customer loyalty over their competitors by revolutionizing the after-sales service quality. Qualified A/S will lead to service satisfaction and achieve customer loyalty. The empirical analysis results obtained through A/S quality are as follows : First, human quality (attitude, expertise, problem-solvability), environment quality (handling agility, convenience, comfort), service policy quality (quality guarantee, additional service operation) are dimensions that make up for A/S quality. Second, A/S quality dimension showed a significant positive influence on service satisfaction and A/S satisfaction showed a positive influence on customer loyalty as well. Based on this empirical study, we propose some implications for A/S quality improvement. First, human quality dimension has relatively higher influence on A/S satisfaction in case of free A/S, so companies need to solve the product problem completely when consumer's first visit by continual employee education. Second, in case of paid A/S, the service policy quality-especially A/S Warranty period- has higher influence on A/S satisfaction.