• Title/Summary/Keyword: Medium Firms

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Technological Convergence Strategy and Growth Policy of SMEs in Korea: Network Analysis on IT and BT Convergence (국내 중소기업의 기술융합 전략 및 성장 정책: IT & BT 융합기술 기반 네트워크 분석)

  • Lee, Sang-Hoon;Kwon, Sang-Jib
    • Knowledge Management Research
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    • v.16 no.2
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    • pp.113-137
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    • 2015
  • Many scholars have addressed the technological convergence of small-medium sized firms in Korea and their impact on the economic growth of nation. Nevertheless, most studies have been investigated the relationship between entrepreneurship and venture creation, and a few studies have analyzed the innovation and technological convergence of SMEs. The purpose of this research is to gain industrial insight into the technological convergence and to suggest a dynamic growth policy for entrepreneurs of SMEs to improve their convergence performance based on IT and BT. Therefore, we intend to propose solutions to these key questions in convergence such as; what are the key patterns in the process of technological convergence of SMEs on IT and BT, and what kinds of strategy do their need? In order to answer these research questions, we adopt network analysis using patent citation information. Results of network analysis revealed that building ecosystem based on government and universities is one of the most important factors for the future growth of SMEs in Korea. Also, the fit between technological convergence direction of SMEs and division of convergence structure of government and universities will be positively associated with dynamic growth of SMEs in Korea. In conclusion, this research extends the current studies on important aspects of SMEs in the technological convergence process by proposing their growth in convergence process to a newly converging context, IT and BT, and shed light on the integrative perspectives of crucial roles of SMEs on innovation performance in the IT and BT technological convergence.

An Analysis of Factors Influencing the Turnover Intension of IT Service Employees in SMEs : Focusing on the Moderating Effect of Congruity between Leadership-Organizational Culture (중소IT서비스기업 종사자의 이직의도에 미치는 영향요인에 관한 연구 : 리더십-문화 적합성의 조절효과를 중심으로)

  • Kim, Changkyu;Bae, Boktae
    • Journal of Information Technology Services
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    • v.17 no.2
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    • pp.1-16
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    • 2018
  • Large corporations have the work and roles of employees clearly defined in accordance with their established internal structure whereas small and mid-sized firms may lack an official job specification or a written job description, causing ambiguity in the role of employees. In IT service companies, especially, there is a relatively large number of tasks requiring one person to play multiple roles and they are often highly dependent on few key players. In this reality where about 80% of the job seekers end up in SMEs, it is therefore necessary to look into how the turnover factors such as job strain and occupational burnout caused by the role ambiguity from extra work affect the turnover intentions of small and medium sized IT service firm employees. The outcome of this study is as follows. First, the relationship between job strain and turnover intention has been examined to find that a weak inverted U shaped relationship exists between role overload, which is a subset of job strain, and turnover intention. Second, the hypothesis based on the competing values framework has been tested that the fitness with organizational leadership and culture would moderate the relationship between job strain and turnover intention and it has been confirmed that the degree of relationship between role conflict and role ambiguity, the subsets of job strain, and turnover intention has changed. In conclusion, in order to discourage turnover intention, it is necessary to increase the fitness with the organization and leadership or generate a sufficient level of strain in case of an organization with low fitness.

An Empirical Study on the Influence of Technology Management Activities on Firm Performance (기업의 기술경영활동이 기업성과에 미치는 영향에 관한 실증적 연구)

  • Jung, Doo-Sig
    • Journal of Digital Convergence
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    • v.15 no.10
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    • pp.201-210
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    • 2017
  • The purpose of this research was to figure out how technology management activities are needed to survive in a rapidly changing business environment and how technology management activities affect company performance. First, Hypothesis 1 was partially adopted that Technology management activities will have a positive influence on management outcomes. Second, Hypothesis 2 was partially adopted that Innovation activities of firms will have mediating effects on the relationship between technology management activities and management outcomes. If the research subjects are expanded nationwide and divided into manufacturing industry, non - manufacturing industry, small and medium enterprise and large enterprise, it will be meaningful from academic point of view and practical point of view.

Study on time-varying herd behavior in individual stocks (개별 주가에 반영된 시변 무리행동 연구)

  • Park, Beum-Jo
    • Journal of the Korean Data and Information Science Society
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    • v.22 no.3
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    • pp.423-436
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    • 2011
  • Many of the theoretical studies have considered herd behavior as a source of the volatility in financial markets, but there have been few empirical studies on the dynamic herding due to the technical difficulty of detecting herd behavior with time-series data. In this context, this paper proposes a new method for measuring time-varying herd behavior based on QR-GARCH model. Using daily data of KOSPI stocks, this paper provides some empirical evidence for strong and volatile herding among traders of stocks of medium firms, and shows that time-varying herd behavior in traders of some stocks has persistent autocorrelation.

The Effect of Organization-internal Elements in Improving Productivity - with a focus on small businesses in the automobile industry - (기업 내부의 구성요소 중 생산성향상에 미치는 요인에 관한 연구 - 중소기업 자동차업종 중심 -)

  • Kim, Tae Sung;Tiru, Arthanair
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.7 no.4
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    • pp.123-130
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    • 2012
  • The automobile industry has been rapidly developing and the manufacturers in Korea as well as auto makers in other advanced countries are putting every ounce of their energies in securing their competitive edges in technology and in marketing. To that purpose, each company focuses on (i) reducing costs and (ii) improving productivity. We believe that the improved productivity can be capitalized by a set of various factors including improved organization-internal environment and employees' job satisfaction. The present research aims to identify how the internal elements contribute and lead to improved productivity. The present paper is a report of an empirical survey performed to 161 employees working in small and medium-sized firms in the automobile industry. After testing reliability and validity of the collected data, we have performed structural equation analysis using Amos of SPSS and tested a set of research hypotheses and models. The reported results will clarify the factors that influence productivity and job satisfaction and also shed light on the directions for strategic polices to keep up with the ever changing climate of the industry.

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The Influence of SMEs' Innovation Activitiesaccording to Types of Strategy ontheir Perception to the Opening of Economies: The Moderating Effects of External Search and Market Entry Strategy (중소기업의 전략 유형에 따른 혁신활동이 대외개방 인식에 미치는 영향: 외부 지식 탐색 및 시장진입전략의 조절 효과를 중심으로)

  • Lee, Jong-Seon;Park, Ji-Hoon
    • Journal of Technology Innovation
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    • v.21 no.1
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    • pp.199-228
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    • 2013
  • Globalization has been accelerated in today's business environment. In this situation, the opening of economies can be either an opportunity or a treat for small and medium sized enterprises (SMEs) who have limited resources. Especially, managerial perception to the opening of economies carries on significant meaning because managerial perception determines future responses and strategies. Therefore, this study examined which innovation activities are related with SMEs' positive perception to the opening of economies. The activities of innovation are classified by types of generic strategy. Also, this study scrutinized the moderating effects of external search strategy and market entry strategy. In order to test hypotheses, this study analyzed data on Korean manufacturing firms collected in the Korean Innovation Survey (KIS). As a result, SMEs conducting innovation for differentiation strategy perceived the opening of economies positively. Search breadth and search depth moderated this relationship negatively and the first entry strategy moderated this relationship positively.

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Dependence of Microstructure and Optical Properties of Ag-In-Sb-Te Phase-Change Recording Thin Firms on Annealing Heat-Treatments (열처리 조건에 따른 Ag-In-Sb-Te 상변화 기록 박막의 미세 조직과 반사도의 관계)

  • Seo, H.;Park, J. W.;Choi, W. S.;Kim, M. R.
    • Proceedings of the Korean Institute of Electrical and Electronic Material Engineers Conference
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    • 1996.05a
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    • pp.9-14
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    • 1996
  • The dependence of microstructural and optical properties of Ag-In-Sb-Te thin films on annealing heat-treatments was studied. It was found from the present work that the increase of reflectance after annealing heat-treatment is related with phase change of Ag-In-Sb-Te thin film from amorphous state to crystalline phases which involve Sb crystalline phase and AgInTe$_2$ stoichiometric phase. On the other hand, the reflectance is decreased after high temperature annealing (above 450$^{\circ}C$), due to the morphology .mange of film surface. For the purpose of practical application(erasable optical disk), we fabricated quadrilayered Ag-In-Sb-Te alloy disk, and annealed it with continuous laser beam. As result of this laser\ulcorner annealing treatment, we found that the increment of reflectance is 9.3% at 780nm wavelength. It might be considered that Ag-In-Sb-Te alloy optical disk is the big promising candidate for the erasable optical memory medium.

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Analyzing the Characteristics of Open Innovation Activity and the External Collaboration Network in SMEs (중소기업의 개방형 혁신활동 특성과 외부 협력 네트워크 분석)

  • Lee, Hee-Yeon;Lee, Se-Won
    • Journal of the Economic Geographical Society of Korea
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    • v.15 no.2
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    • pp.147-165
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    • 2012
  • Recently, the theory of open innovation emerges as a new innovation paradigm. This paper aims to examine open innovation activities of SMEs. Many firms tend to search new knowledge from various external sources and to pursue to achieve innovation resources or knowledge of external innovators. Particularly, this paper focus on the process of external knowledge networking and open innovation occurred in the process of technology innovation. The data used in this study were those that had been collected for total 3,400 sample SMEs that had conducted R&D. and in-depth interviews were conducted with 14 SMEs located at Chungbuk-Technopark. Empirical findings can be summarized as follows; SMEs tend to search new knowledge from various external sources and to pursue to achieve innovation resources or knowledge of external innovators, because they have lack of innovation resources. therefore, the conducting of open innovation affected positively the innovation performance of SMEs. In addition, empirical findings also indicated that expanding flexibility of labor market enhances open innovation activities of SMEs.

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An Empirical Study on the Marketing Performance of e-Trade using Search Engine Optimization (검색엔진 최적화(SEO) 기법을 활용한 전자무역 마케팅 성과에 관한 실증연구)

  • Lee, Sang-Jin;Chung, Jason
    • International Commerce and Information Review
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    • v.13 no.1
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    • pp.3-28
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    • 2011
  • Recently marketing methods of small and medium exporting firms have changed from internet marketing using homepage, or e-catalogs, to search engine marketing. However, there is no specific proof of search engine marketing effectiveness. Therefore the purpose of this research is to explore marketing performance of search engine marketing(SEM) based on search engine optimization. In order to build an optimal SEM strategy, quantitative data are collected from the Google-analytics such as homepage visits, page views, and traffic source for three years. At the same time, this study has carried out a survey to measure the qualitative effectiveness. The result of this quantitative study suggests that the existing carryover effects and lag effects would be maintained through search engine optimization. Meanwhile, the qualitative survey shows that satisfaction and awareness of homepage have been improved after search engine optimization. This can support logically increase of homepage visiting ratio of quantitative analysis. Also exporting companies know very well, that traffic and page views have increased after search engine optimization.

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Improving the Performance of Innovation in a Knowledge-based Design Service Industry Using DEA-Tier - Focused on the Architectural Design Offices - (DEA-Tier를 이용한 국내 지식기반 건축서비스업의 혁신 성과 개선에 관한 연구 - 건축설계사무소를 중심으로 -)

  • Kim, Ji-Sun;Lee, Hoon-Ku;Lee, Yoon-Sun;Kim, Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.2
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    • pp.160-170
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    • 2013
  • Knowledge-based Service Industry is an industry that creates added value through the production, processing, and use of knowledge. Comparing to other service industries, it is innovation-oriented business endeavors having the characteristics that exert the great influences on other fields. Meanwhile, however, research efforts thereof are yet insignificant. In this study, we analyzed the innovation performance of architectural design office which creates knowledge services, having raised the necessity of innovation of the design office. The innovation performance were classified according to the extent of efficiency of the architectural design office making use of DEA-Tier analysis, and, for those architectural design offices that showed significant differences in efficiency, we presented the case studies of the firms that were substantial benchmarking targets from short, medium, and long-term perspectives.