• Title/Summary/Keyword: Product Competitiveness

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Topic Modeling-based QFD Framework for Comparative Analysis between Competitive Products (경쟁 제품 간 비교 분석을 위한 토픽 모델링 기반 품질기능전개 프레임워크)

  • Chenghe Cui;Uk Jung
    • Journal of Korean Society for Quality Management
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    • v.51 no.4
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    • pp.701-713
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    • 2023
  • Purpose: The primary purpose of this study is to integrate text mining and Quality Function Deployment (QFD) to automatically extract valuable information from customer reviews, thereby establishing a QFD frame- work to confirm genuine customer needs for New Product Development (NPD). Methods: Our approach combines text mining and QFD through topic modeling and sentiment analysis on a large data set of 56,873 customer reviews from Zappos.com, spanning five running shoe brands. This process objectively identifies customer requirements, establishes priorities, and assesses competitive strengths. Results: Through the analysis of customer reviews, the study successfully extracts customer requirements and translates customer experience insights and emotions into quantifiable indicators of competitiveness. Conclusion: The findings obtained from this research offer essential design guidance for new product develop- ment endeavors. Importantly, the significance of these results extends beyond the running shoe industry, presenting broad and promising applications across diverse sectors.

Analysis on Industrial Competitiveness for the Promotion of Trade Relations between Korea and China (한국과 중국 간의 교역관계 증진을 위한 산업경쟁력 분석)

  • Lee, Sung-Min;Kim, Chang-Beom
    • International Commerce and Information Review
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    • v.11 no.3
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    • pp.145-165
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    • 2009
  • Nowadays, economic growth of China has become an important issue. Due to the demographic position and the market size, China-Korea trade relationship has grown tremendously and significantly. The Chinese relationship with the Korean industry has considerably increased over the years. Various trade competitiveness indices such as TSI, MRCAI, and IITI have been applied to measure the competitive advantage and the complementary of market structure between these two countries. For this purpose, the dataset from the year 2000 to 2008 provided by KITA were used. The MRCAI result show that Korea has specialized in the product of semiconductor, communication equipment, precision machine, automobile, and nonferrous metal. The intra-industry trade level of Korean manufacturing industry is rising in line with the dominance of vertical intra-industry trade(VIIT) trend.

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Mid-long Strategy for Dies and Molds Industry in Korea (금형산업의 중장기 발전 전략)

  • 허영무;강정진;신광호;이영훈
    • Proceedings of the Korean Society for Technology of Plasticity Conference
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    • 2003.05a
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    • pp.409-418
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    • 2003
  • The dies & molds are a very economical production tool and a high value-added product because of its mass production capability compared to other production methods. Due to the very stiff international competitiveness, the industries meet many obstacles. At this moment, measured the status, the international trends and try to find the vision and strategy to promotion of the industry. In Korea, large portion of dies and molds are still low value-added and make large number of tools. In order to advance this industry to the high-tech area and gain competitiveness in the golbal marketplaces, effective means of resource investment and strategy should be properly provided.

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Niche Market Strategies of Local Players in the European Steel Industry (유럽 철강산업 Local Player의 틈새시장 공격전략)

  • 정경희
    • Korean Management Science Review
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    • v.20 no.2
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    • pp.45-59
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    • 2003
  • This study considers the local players in the European steel industry, whose the amounts of crude production are more or less 5 million tons per annum. They do not belong to the Pan-EU mega-group of steel mills with more than 15 million tons of crude production yearly. However, these mid-sized steel mills in European countries have been originated from the strong foundation of steel, scientifically and technically, as well as the centennial history. They concentrate on the niche market adjacent to the local area, which takes advantage of the geographical location. The companies considered here are VoestAlpine in Austria, Salzgitter in Germany, Rautaruukki in finland, and SSAB in Sweden. Their corporate strategies are compared on the basis of product mix and sales structure. And, the deep analysis for each company is performed, such as business strategies with the sales volumes, market strategies. competitiveness improvement planning. and R&D policies with the technology management. These analysis results can be benchmarked as the cases of best practices for domestic steel mills, especially mid & small sized companies, that develop business and market strategies for the sustainable growth and profitability.

Study on vehicle application of biodegradable hydraulic oils from the point of tribological evaluation technology (Tribology 관점에서 생분해성 유압작동유 실적용 평가에 관한 연구)

  • Na ByungChul;Kim JinYong;Seo JoonHo
    • Proceedings of the Korean Society of Tribologists and Lubrication Engineers Conference
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    • 2004.11a
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    • pp.367-371
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    • 2004
  • Bio-degradable hydraulic oil using polyolester base oil is formulated for the applications of heavy duty hydraulic machineries. It has proved quality and market price competitiveness by assessment of reliability test in vehicle manufacturer and specific vehicle related institute. Contribution of bio-degradable oil keep the working environment clean and increase export competitiveness in European market. Leakage or waste of mineral types of hydraulic oils in heavy duty machineries causes pollution of river, ocean, underground water. Drinkable-water pollution is serious problem in Europe. In some European countries, using bio-degradable hydraulic oils become an obligation in heavy duty machineries. New product of bio-degradable oils satisfy the European regulations(OECD 302B) and shows excellent performance in compare with European products.

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A Study on the Conceptual model of Enterprise Risk Management System (전사적 Risk Management System의 개념적 모형에 관한 연구)

  • Yoon, Seung-Ok;Lee, Chang-Ho
    • Journal of the Korea Safety Management & Science
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    • v.14 no.2
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    • pp.113-121
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    • 2012
  • The important elements and conditions to improve corporate competitiveness are customer development, new product development, sales increase, net profit increase, and other factors. Even if those competitiveness elements are well prepared, obstacles may exist. In this paper, we examined the risk, the deadliest obstacle that can affect corporate. We selected the risk factors that exist in functional categories in the system connected complicatedly and variously by organizational value chain of corporate, and examined the conceptual model of Enterprise Risk Management System based on the precedent studies.

The Interaction between China, Japan, and Korea in the Export Market

  • JUNG, KYU-CHUL
    • KDI Journal of Economic Policy
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    • v.38 no.2
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    • pp.45-62
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    • 2016
  • This paper analyzes changes in the export potential and competitiveness of China, Japan, and Korea. The analysis of Japan's export market share reveals that in sectors where Korea's potential was strong in the early 1990s, Japan's market share diminished. This suggests the possibility that Korea was catching up with Japan, eating into Japan's market share. The same analysis of Korea's export market share in the 2000s shows, for items in which China's export potential was high, Korea's market share has declined comparatively since 2010, with the tendency growing much larger. China's export potential continues to expand in markets for Korea's key export products, making it difficult to rule out the possibility that Korea's competitiveness in key export products will be hindered, driven by the catching up of China. To respond to these challenges, it is important for Korea continuously to foster and enhance creative and core capabilities that latecomers will not easily be able to emulate.

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Enhancing Collaboration in Textile e-Marketplace Supply Chains

  • Hwang, Ha-Jin
    • The Journal of Information Systems
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    • v.14 no.3
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    • pp.31-36
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    • 2005
  • Firms seldom survive and prosper solely through their individual efforts. Each firm's performance depends upon the activities and performance of others and hence upon the nature and quality of the direct and indirect relationships a firm develops with its counterparts. Textile companies have tried to improve their organizational competitiveness in order to survive in the digital age global market. The challenge in textile supply chain management is the development of collaboration network which accommodates diverse concerns of various participants while explicitly recognizing interdependencies and promoting effective relationship management. Major contents of the study are as follows. First, ideal collaboration network model from the supply chain of the textile industry is suggested. Second, utilizing the collaboration model, A framework for textile e-marketplaces supply chians is designed to improve customer services and delivery time, to promote information sharing, and shorten product life cycle time. The framework suggested is expected to promote corporate innovation and information sharing, generate infrastructure which provides appropriate communication and operations capabilities for the textile companies.

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The Present and the Future for Dies and Molds Industry in Korea (금형산업의 현재와 미래)

  • 허영무;강정진;신광호;이영훈
    • Transactions of Materials Processing
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    • v.12 no.5
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    • pp.421-432
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    • 2003
  • The dies & molds are a very economical production tool and a high value-added product because of its mass production capability compared to other production methods. Due to the very stiff international competitiveness, the industries meet many obstacles. For the promotion of the industry, the status and the international trends of the industry are measured. The vision and strategy are driven. In Korea, large portion of dies and molds are still low value-added and make large number of tools. In order to advance this industry to the high-tech area and gain competitiveness in the global marketplaces, effective means of resource investment and strategy should be properly provided.

The Innovation Activities of Vietnamese Enterprises: Current Status and Solutions

  • Quoc Cuong Nguyen;Hoang Tuan Nguyen;HyukDong Kwon
    • International Journal of Advanced Culture Technology
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    • v.11 no.2
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    • pp.229-237
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    • 2023
  • Innovation has been considered not only an important factor for creating and maintaining the competitiveness of nations but also a key determinant of enterprises performance in over the world. Innovation is the process by which an enterprise develops new products, services, processes or management systems to meet requirements due to the change of business environment, technology. The results of implementing innovation increase capacity of the business, thereby helping the business to develop sustainably in the face of market trends and competition from competitors. This paper aims to explore the current status of innovation activities as well as proposes solutions to develop innovation activities for Vietnamese enterprises. The proposed solutions in this study paper create a premise to improve the competitiveness and sustainable growth of enterprises in the context of deeper and more comprehensive international economic integration.