• Title/Summary/Keyword: Performance of Small Firms

Search Result 266, Processing Time 0.023 seconds

A Comparition on the Knowledge Management Level of Small Firms (중소기업의 지식경영 수준 비교)

  • 강병영
    • Journal of Intelligence and Information Systems
    • /
    • v.8 no.2
    • /
    • pp.37-49
    • /
    • 2002
  • The purpose of this research is to investigate the level of knowledge management in Korea small firms. The research scheme was experimented through a questionnaire survey answered by 150 firms. The research model was composed of five groups : 1) knowledge management and business strategic, 2) a culture and structure for knowledge management, 3) learning process and community 4) information technology to support knowledge management 5) a reward and performance measurement. The results of this research indicated that the level of knowledge management is different according to the characteristic of small firms. The result of the empirical analysis can be summarized as follows : First, the business culture for knowledge management is not performed pertinently. Second, the learning process for knowledge management and a reward and performance measurement is insufficient. Third, the characteristics of a fm should be considered for measuring the level of knowledge management.

  • PDF

The empirical analysis of the growth rate on Small and medium size Enterprises(SMEs) in Korea

  • Han, Jung-Hee
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
    • /
    • v.1 no.1
    • /
    • pp.105-125
    • /
    • 2006
  • This paper relates recent empirical research on the growth. Smaller and younger firms have been growing more quickly than larger and older firms, thus, generating proportionately more new jobs. It is not difficult to understand why small and medium firms receive so much attention. Because SMEs provide about 80 percent of private sector employment so SMEs performance is an important economic and social factor. Despite this, they are subject to higher risk and mobility than those at the large firms. This paper is analyzes the relationship between firm growth measured as growth in employment, sales and production and firms age, size and R&D investment. The growth and its relationship with the determinants is linked to industrial policy in Korea. Empirical results are based on an unbalanced panel data covering period 1999-2002. Results show significant relationship between growth, size and age of firm.

  • PDF

Impact of Organizational Culture on the Accounting Information System and Operational Performance of Small and Medium Sized Enterprises in Ho Chi Minh City

  • HA, Van Dung
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.7 no.2
    • /
    • pp.301-308
    • /
    • 2020
  • This study focuses on determining the impacts of organizational culture on the accounting information system and the operational performance of small and medium-sized enterprises in Ho Chi Minh City. The paper is organized in five parts: introduction, literature review, research methodology, research results, and conclusion and policy implications. Based on the samples of 353 respondents working in small and mediumsized enterprises in Ho Chi Minh City, the research employs both qualitative and quantitative methods to find the answers for research questions. Group discussion, which yields final observed variables of the factors of organizational culture is used for qualitative method. Statistics, assessment of the reliability of Cronbach's Alpha scale, exploratory factor analysis (EFA), confirmatory factor analysis (CFA) and structural equation modeling (SEM) are used for quantitative procedure. The results show that mission, involvement and inconsistency in organizational culture positively affect the accounting information system of small and medium-sized firms in Vietnam. In addition, mission, involvement, adaptability and consistency in organizational culture are found to have positive impacts on the firm operational performance. Another finding of the study is that the accounting information system has a positive effect on operational performance of small and medium-sized firms in Vietnam.

Study on Management Performance of Environment-Friendly Firms (환경친화지정기업의 경영성과에 관한 연구)

  • Lho, Sangwhan
    • Environmental and Resource Economics Review
    • /
    • v.13 no.3
    • /
    • pp.499-518
    • /
    • 2004
  • This study tests four hypotheses on management performance of environment-friendly firms. The hypotheses are that i) environment-friendly firms are lower management performance than general firms, ii) high cost environment-friendly firms are lower management performance than lower cost ones, small and medium environment-friendly firms lower management performance than large ones, and long-term environment-friendly firms higher management performance than short-term ones. The major findings are that the first hypothesis is not supported at the 5% significance level and the second one is also not supported at the 10% significance level. The third one is supported in terms of stability since large firms are more stable small and medium ones at the 5% significance level. The last one is not supported since short-term environment-friendly firms are more stable than long-term ones in the 10% significance level.

  • PDF

Analysis for Impact of Individual Cooperation Activity on Small and Medium sized Firms' Innovation Performance in Daegu : The Moderating Effect of Technological Capability (대구 중소기업의 혁신성과에 미치는 개별 협력 활동의 영향 분석: 기술역량의 조절효과)

  • Kang, Seok-Min
    • The Journal of the Korea Contents Association
    • /
    • v.21 no.4
    • /
    • pp.404-413
    • /
    • 2021
  • Small and medium sized firms(SMFs) would form the technology cooperation network with external firms and institutions of owning a variety of technology and knowledge, and according to resource based theory, forming cooperation network is another resource in uncertain business environment. Unlike the related studies, this study examined the effect of individual cooperation activity on innovation performance for SMFs located in Taegu region, and investigated the moderating effect of technology capability in the relationships between individual cooperation activity and innovation performance. In the empirical results, only cooperation research development positively affected innovation performance, and technology capability moderated the relationships between individual cooperation activity and innovation performance. The empirical findings imply that SMFs should do cooperation research development as an intangible asset to overcome the obstacle of development resulted from limited resources, and that SMFs should increase the impact of individual cooperation activity as promoting technology capability.

Comparative Characteristics of Small and Medium-sized Firms in Korea (우리나라 중소기업법인의 업종별 지역별 특성에 관한 연구)

  • Jeung, Gil-Chea
    • Management & Information Systems Review
    • /
    • v.29 no.1
    • /
    • pp.25-47
    • /
    • 2010
  • Over the past 20 years new and small firms have been identified as significant components of economic strategies for job and wealth creation. Implicit in these strategies has been the search for policies which will increase the supply of new firms, and will encourage established firms' growth. Yet the majority firms spend the whole of their economic life within the small firm sector. The aim of this paper is to suggest a multidimensional approach to the understanding of the comparative characteristics of the small firm by providing evidence as to the factors which describe firms of different sizes, regions and industries. And I discuss in the context of policy options for regional economic development in Korea. The results from the analyses are summarized as follows. The size of the small firms in the sample measured in terms of both number of employees and sales revenue are characterized by regions, export performance and R&D. There is also some indication that growing firms may develop more complex environment. These results are based upon a multi-dimensional analysis of the strategic profile of a sample of small firms using KIS. From this observation of the firms during the data collection period, this is a conclusion that I find intuitively appealing.

  • PDF

The effect of social capital on firm performance within industrial clusters: Mediating role of organizational learning of clustering SMEs (산업클러스터 내 사회적 자본이 기업성과에 미치는 영향: 조직학습의 역할을 중심으로)

  • Kim, Shin-Woo;Seo, Ribin;Yoon, Heon-Deok
    • Knowledge Management Research
    • /
    • v.17 no.3
    • /
    • pp.65-91
    • /
    • 2016
  • Although the success of industrial clusters largely depends on whether clustering firms can achieve economic performance, there has been less attention on investigating factors and conditions contributing to the performance enhancement for clustering small and medium-sized enterprises (SMEs). Along this vein, we adopt the theories of social capital and organizational learning as those success factors for clustering SMEs. This study thus aims at examining what effect social capital accrued in the relationships among actors within clusters has on firm performance of clustering SMEs and what role organizational learning plays in the linkage between social capital and firm performance. For the empirical analysis, we operationalized the variables and their measures to develop questionnaires through the theoretical reviews on literatures. As a sample of 227 clustering SMEs, our collected data was analyzed by hierarchical regression analysis. The results confirmed that a high level of social capital, represented by network, trust, and norm, has positive effect on firm performance of clustering SMEs. We also found that clustering firms presenting high organizational learning, represented by absorptive and transformative capability, achieve better performance than those placing less value on organizational learning. Furthermore the significant relationship between social capital and firm performance is mediated partially through organizational learning. These findings imply not only that the territorial agglomeration of industrial cluster does not guarantee the performance creation of clustering SMEs but that they need to develop social capital among various actors within clusters, facilitating their knowledge diffusion. In order to absorb and mobilize the shared knowledge and information into strategic resources, the firms should improve their capability associated with organizational learning. These expand our understanding on the importance of social capital and organizational learning for the performance enhancement of clustering firms. Differentiating from major studies addressing benefits and advantages of industrial cluster, this study based on the perspective of firm-internal business process contributes to the literature advancement. Strategic and policy implications of this study are discussed in detail.

A Study on the Effectiveness of Government Export Supports for SMEs : Based on Export Maketing Support Program in South Korea (중소기업 수출지원제도 실효성 연구 - 한국의 수출마케팅 지원프로그램을 중심으로 -)

  • Kim, Hag-Min;Lee, Ho-Hyung;Ahn, Ji-Jung
    • International Commerce and Information Review
    • /
    • v.11 no.4
    • /
    • pp.153-182
    • /
    • 2009
  • This paper intends to increase the performance of export support programs for small-to-medium sized firms promoted by Korea government. A research construct is suggested for effective government support program targeted on the global marketing capability. The data is collected from the firms received the support more than once by Korean governments. The results are shown as follows. First, it is found that those firms who have high propensity to be involved in export business have shown high performance. Second, the firms with high global marketing capability have shown good performance. To be more specific, organizational commitment, strategic initiative, business differentiation, and market knowledge for target markets are found to be critical factors in successful export support program. The business differentiation strategy in target market is very critical. Finally, the degree of program management effectiveness is found to be important in high performance firms. It means that for those firms, much more advanced programs need to be developed. The government should develop diversified programs by considering the degree of global marketing capability.

  • PDF

The Impact of Industry Type on the Relationship between Electronic Commerce Implementation and Performance : Empirical Study of Korean Small and Medium Enterprises (중소기업 업종이 전자상거래 실행과 성과의 관계에 미치는 영향에 관한 연구)

  • 조세형
    • Proceedings of the Korea Society for Industrial Systems Conference
    • /
    • 2003.11a
    • /
    • pp.109-131
    • /
    • 2003
  • This Study intends to find the impact of industry type on the relationship between Electronic Commerce(EC) implementation and performance. For this purpose, empirical study of domestic small and medium enterprises(SMEs) is carried out to test the relationship between EC implementation and EC performance and the moderating effect of industry type on the relationship between them. Previous empirical studies on EC mostly focused on the adoption of EC by business firms, and also have been carried out with the data from big enterprises. More often than not, the results obtained from the large business firms are used to provide the guidelines for SMEs. SMEs are, however, different from large business firms in many aspects, and need to be studied on their own. Empirical test shows that there are differences between manufacturing industry and service industry in utilizing EC and in achieving EC performance. The results of data analysis indicate that the industry type of SMEs is moderating the relationship between EC implementation variables(EC type, EC strategy, EC formality and EC character) and EC performance variables(EC utilization, EC satisfaction and EC usefulness).

  • PDF

The Effect of CEO Characteristics and Knowledge Management on Business Performance - Focusing on Small Manufacturing Business - (소공인 CEO의 개인적 자질과 지식경영 실천이 경영성과에 미치는 영향)

  • Lee, Ru-Ri;Lee, So-Young
    • Journal of Venture Innovation
    • /
    • v.3 no.1
    • /
    • pp.143-163
    • /
    • 2020
  • When we assume the transition to a knowledge management society, what factors should be differentially added to the characteristics of CEOs of small enterprises to enhance management performance? This can be done by measuring the core competence of the CEO who is an importance asset of the small firms. This study focuses on the following four inquiries to clarify the relationship among the core competence of the CEO, the knowledge management and the performance of the firms. First, we test the influence of the core competence of CEO on business performance. Second, we explore the effects of CEO characteristics on the knowledge management and the performance of the firm. Third, we test whether knowledge management has a mediating effect in the relationship between the characteristics of CEO which is a parameter, and the business performance of the firm which is a dependent variable. Fourth, for the sake of a deeper understanding of the CEO of the small firms, we conduct t-test or multiple comparison to find out the statistically significant differences among means of the main variables such as demographic characteristics, work experience, and entrepreneurship. The academic contribution of this study is to verify the characteristics of the CEO, which influence the business performance:the global competence, challenge spirit, interpersonal flexibility and stress tolerance, in connection with the knowledge management of small firms. The practical contribution of this study is to test whether CEOs can demonstrate successful business performance through knowledge management rather than measuring business performance after a certain period of time through profit and loss statements in this era of uncertainty.