• Title/Summary/Keyword: Normal and Crisis

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Organization of Crisis Response Teams and Operating Procedures for Crisis Response Activities in the Food Industry (식품산업체의 위기관리 조직 및 위기대응 절차)

  • Kim, Jong-Gyu;Kim, Joong-Soon
    • Journal of Environmental Health Sciences
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    • v.41 no.3
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    • pp.191-202
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    • 2015
  • Objectives: Promotion of food safety/eradicating adulterated food has been listed as one of the four major issues recently identified for action by the Korean government. Due to the related seriousness, the food industry has been encouraged to take steps to restore consumer confidence. In order to set guidelines for the creation of manuals for the response to a food safety crisis by the food industry, this study provided a suggested organization for a crisis response team and operating procedures for crisis response activities. Methods: The prototypes of an organizational structure and a set of standard procedures for a crisis response system were provided. Results: The results of the study suggested that a crisis response team should be comprised of four divisions of responsibility: information analysis, site response, communication and operational support. The organization chart and the role and functions for each division of the crisis response team should be indicated. Response activities will be more effective when the team features multi-disciplined staffing, such as public relations, food safety/technology/quality, sales/marketing, purchasing, production, distribution/logistics, regulatory affairs/legal, and consumer service specialists. This study created a flow chart for the total crisis response system, which included crisis and normal situations. A crisis response team should be continuously operated for both crisis and normal conditions. This study also suggested a scenario to explain the procedures for crisis response activities. Conclusion: In order to cope more effectively with a food safety crisis, the organizational structure and its functions should be defined clearly, and a detailed set of standard procedures for response activities should be offered.

Convergence analysis about volatility of the stock markets before and after the currency crisis - With a focus on Normal distribution, kurtosis, skewness (외환위기 전후 주식시장의 변동성에 관한 융복합 분석 - 정규분포, 첨도, 왜도를 중심으로)

  • Choi, Jeong-Il
    • Journal of Digital Convergence
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    • v.13 no.8
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    • pp.153-160
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    • 2015
  • The domestic stock market has been subjected to a major change since the September 1997 financial crisis. Foreign capital came repeat themselves in the stock market and bond market, foreign exchange market opening up domestic financial markets after the financial crisis. The domestic stock market has been most affected by domestic capital before the financial crisis. But it has been receiving an absolute influenced by foreign capital after the financial crisis. The purpose of this study is to analyze the trends in the two sections that look at any changes in the volatility of the KOSPI appears after the crisis. To this, obtained a daily weekly monthly normal distribution and kurtosis, skewness degree it should be analyze the tilt phenomenon and variability of the two intervals. This study also predict the future movement of the domestic stock market Based on this, look at the difference between the two sections. Analysis result, after the financial crisis change width has a reduction but direction of the KOSPI has appeared relatively distinct in the medium to long term. Based on this future market seems desirable the mid- to long-term investment looking for direction.

Interaction Effects of Crisis Responsibility and SNS Interactivity on Acceptances of Crisis Response Strategies in the case of CEO in Crisis (CEO 위기책임성과 SNS 상호작용성이 위기 대응 전략 인식에 미치는 영향)

  • Liu, Le;Choi, Youjin
    • The Journal of the Korea Contents Association
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    • v.20 no.3
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    • pp.59-72
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    • 2020
  • Previous crisis management research has mainly focused on business organizations' responsibility for crises, and yet research on CEOs in crisis still lacks. This research examined the influences of crisis responsibility and response strategies on attitudes toward a CEO, attitudes toward a corporate, and purchase intentions in the case of CEOs in crisis. In addition, this study explored how a CEO's SNS interactivity during normal times moderates the influences of crisis responsibility and response strategies. A 2(responsibility: high vs. low)X2(strategy: defensive vs. apology)X2(interactivity: high vs. low) experimental design was conducted with 200 Chinese students in Seoul. According to the analysis results from effects of response strategies by CEO's crisis responsibility levels, regardless of the crisis responsibility levels, the apology strategy was more effective than the defensive strategy in terms of CEO attitudes, corporate attitudes, and purchasing intentions. The analysis results about the moderating role of SNS interactivity during normal times show that under the CEO's high responsibility condition, keeping high SNS interactivity during normal times and using the apology after crisis brought out most favorable responses. Under the CEO's low responsibility condition, regardless of the SNS interactivity levels, the apology strategy brought out more favorable responses than the defensive strategy.

A Study on Furniture Market of South Korea in New Normal - Focus on Economic Perspectives - (뉴 노멀시대 한국의 가구 시장 연구 - 경제적 관점을 중심으로 -)

  • Jung, Jaenah
    • Journal of the Korea Furniture Society
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    • v.29 no.1
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    • pp.8-17
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    • 2018
  • Economic crisis in 2008 has changed South Korean market including furniture related field. Owing to Subprime Mortgage Crisis, new economic order, in other words, New Normal was established. Low growth rate, low interest, high unemployment rate, high risks, regulation strengthening, and all that sort of negative things have became generalized. South Korean economy has developed drastically since the Korean War, however recent economic crisis and Internet and smart phone have leading roles in shaping new consumption market. In a way, furniture market has expanded despite economic recession. Total service for housing is suited to South Korean consumers and shortened Product Life Cycle induces consumers to buy more furniture. In addition, Internet and smart phone allow people to show off their private spaces to unspecified masses. As a result, consumer prefers inexpensive and expendable furniture. It is certain that furniture market makes quantitative growth, but qualitative sides are questionable. Even though the study is focused on the existent circumstances, It will help to find out the proper ways of future furniture market in South Korea.

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A Study on the Establishment of Facility Guidelines for Infectious Diseases Hospitals - Focusing on Operational Methods and Architectural Planning (감염병전문병원의 시설 가이드라인에 관한 연구 - 운영방식과 건축계획을 중심으로)

  • Choi, Kwangseok
    • Journal of The Korea Institute of Healthcare Architecture
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    • v.28 no.2
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    • pp.17-29
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    • 2022
  • Purpose: In terms of efficiency and safety, this study attempted to organize data on the operation methods and architectural planning of infectious diseases hospitals. Methods: The results obtained through on-site and interview surveys with hospital officials and medical staffs at four infectious diseases hospitals under construction were summarized based on those original business plans and facility guidelines. Results: First, the operational methods to secure safety and operational efficiency were summarized for each department which are major hospital functions of infectious disease hospitals. Second, as the architectural planning, the characteristics of space and circulation of each department are summarized. For safety of medical staff, negative pressure and non-negative pressure zone have to completely separated. In addition medical staff wears PPE and enters the negative pressure zone and returns in the order of admiral, shower, and gowning in the PPE undressing room after patient treatment. In case of operational efficiency, flexible operation is required in normal and crisis situations. For example, it is important for The Ward to gradually switch to negative pressure beds in times of crisis from normal situation and the outpatient department considers the composition of negative pressure and non-negative pressure outpatient spaces that can operate in parallel even in crisis situations. Implications: Infectious disease hospitals require flexible operation and appropriate facilities for normal and crisis situations.

Subjectivity on Experience of Middle-aged Women Who Attend Self-help Group to Overcome Midlife Crisis: Q Methodology Approach (중년 위기 극복을 위한 자조모임에 참석한 중년여성의 경험에 대한 주관성 연구)

  • Doo, Hyun Jung
    • Journal of East-West Nursing Research
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    • v.19 no.2
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    • pp.78-87
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    • 2013
  • Purpose: This study has investigated experience of middle aged women who attended a self help group to overcome midlife crisis. Methods: To analyze types of experience that middle aged women attending the self help group went through to overcome midlife crisis, Q-methodology has been used. The 32 selected Q-samples from each of 27 subjects were classified into a shape of normal distribution using a 9-point scale. The collected data were analyzed using a QUANL PC program. The 38 selected Q-samples from each of 27 subjects were classified into a shape of normal distribution using a 9-point scale. The collected data were analyzed using a QUANL PC program. Results: The types of experience were classified into four categories; Type I (attempt to change), Type II (devoted to my role), Type III (tolerance and acceptance) and Type IV (role as a senior citizen). Conclusion: This study is significant in that it has attempted to analyze the approach and usefulness of a self-help group program. It is suggestive that a local society support group may be necessary to help people with midlife crisis and further studies for nursing intervention and strategic development are required.

The Determinants of Future Bank Stock Returns in Eight Asian Countries

  • An, Jiyoun;Na, Sung-O
    • East Asian Economic Review
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    • v.18 no.3
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    • pp.253-276
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    • 2014
  • We examine which traditional asset pricing variables together with bank-specific accounting variables explain the cross-sectional variation of future bank stock returns, using a firm-level data of eight Asian countries. Our empirical evidence shows that exchange rate risk, firm size, the book-to-market ratio, and the net income ratio are important in explaining future bank stock returns during normal times. However, during the Global Financial Crisis period, different variables such as local market beta, illiquidity risk, equity ratio, and off-balance sheets ratio were statistically significant. Thus, researchers and policy practitioners should monitor these variables during normal times as well as during times of crisis.

A study on the role of elementary school principals in the New Normal era (뉴 노멀(New Normal) 시대 초등학교 교장의 역할 연구)

  • Yang, Ji-Hye;Park, Jung-Hwan
    • Journal of Convergence for Information Technology
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    • v.11 no.11
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    • pp.185-194
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    • 2021
  • The purpose of this study is to identify the chaotic state of school education caused by COVID-19 and to seek the role of the principal in responding quickly to the national crisis. To solve this problem, 34 elementary school principals in Seoul, Busan, Daegu, Daejeon, and Jeju were surveyed with open questions through the first SNS on what leadership is needed to cope with COVID-19, and the second in-depth interview was conducted through phone calls. In the New Normal era, principal's leadership requires insightful and responsible leadership in supporting educational activities, class support, and problem prevention that can occur due to rapid response to crisis situations, rapid budgeting and input, and promotion of teacher-to-teacher communication, according to a survey. In crisis situations such as COVID-19, it is necessary to establish a role of principal for schools to cope stably and to establish an educational environment in which students learn in a safe environment. For this, national and educational policy support is needed.

Relationship between the Sense of Crisis and Quality of Life of Middle-aged Women (중년기 여성의 위기감과 삶의 질 관계)

  • Koh, Hyo-Jung;Oh, Myung-Ok;Kim, Hye-Young
    • Women's Health Nursing
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    • v.6 no.4
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    • pp.619-631
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    • 2000
  • The purpose of this research is to understand the levels of crisis and quality of life and the relationship between them. Data was collected from questionnaires completed by 384 middle-aged women between 40 and 59 years old. The sense of crisis was measured by a scale which was developed by Kim(1988) and modified by Oh(1999). The quality of life was measured by the scale which was developed by Noh(1988). The data was analyzed using the SPSS (Statistical Package for the Social Sciences) program and included: descriptive statistics, Pearson correlation, and stepwise regression. The results of this study were as follows: 1) In the sense of crisis scale, 'experiencing emptiness and powerlessness through my friends is the highest item($3.56{\pm}1.06$). 'Meaninglessness in daily living' factor's score is $3.16{\pm}0.76$ and another factor, 'concept of my life thus far' score is $2.89{\pm}0.74$. Then the former is higher than the latter. 2) In the quality of life, 'eat well now' is the highest item($3.60{\pm}0.93$). 'self-esteem' is the highest factor($3.37{\pm}0.62$) and 'emotional state' is the lowest factor($2.89{\pm}0.31$). 3) According to the correlation between factors of crisis and quality of life, there was a significant negative correlation between two factors of crisis and five factors of quality of life except emotional state. 4) According to linear regression, two factors of the sense of crisis showed the explanatory power of the quality of life with 31.6%. On the basis of above findings, the following is suggested; Crisis is not precipitated by special events and new accidents, but the normal emotional change phenomena process in the human life cycle. As a result, we should develop the nursing programs and education programs about crisis intervention for middle-aged women's health.

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Revisiting the Asian Financial Crisis: Is Building Political Ties with Emerging Political Elites Beneficial during a Crisis?

  • Kyung Hwan Yun;Chenguang Hu
    • Journal of Korea Trade
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    • v.26 no.4
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    • pp.63-82
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    • 2022
  • Purpose - Drawing on relational institutional theory, we explored how demographic similarity between board members of a firm and newly emerged political elites led to firms' increased financial resource acquisition such as leverage ratio and decreased export intensity amidst the Asian financial crisis. We also studied how a firm's leverage ratio and export intensity can further affect firm profitability and financial credit rating. Design/methodology - We revisited and explored a unique, unprecedented crisis that affected most Korean firms: the Asian financial crisis that coincided with a governmental shift from a conservative to a liberal party. We collected demographic information from 432 listed Korean firms' board members and 43 political elites of the Blue House from 1998-2000 to create a demographic similarity measurement. We collected firms' financial information, built panel data, and used ordinary least squares regression to test our theory. Findings - Our results showed that demographic similarity between a firm's directors and newly emerged politicians had a positive association with a firm's leverage ratio but a negative association with a firm's export intensity. A firm's leverage ratio had a negative relationship with firm performance measured by firm profitability and financial credit rating. A firm's export intensity showed a positive effect on firm performance. Originality/value - We highlighted that during an economic crisis that coincided with a governmental shift and change of leading political actors, firms exerted efforts to survey the environment and build new external stakeholder relationships to cope with the changing landscape. We proposed that in an emerging market like Korea where low levels of trust and favoritism are prevalent across society, one of the relational institutional strategies that firms can employ is the selection of directors with similar demographic characteristics to political elites based on factors including birthplace and school affiliations. We examined the efforts of firms to build political networks with newly empowered political elites during a financial crisis, and the consequences of establishing such networks. We highlighted that during a financial crisis, the demographic similarity between a firm's board members and newly emerged politicians can provide firms with access to financial resources but can also result in poor management and reduced effort to enhance its international competitiveness.