• Title/Summary/Keyword: Prospector

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Strategy Typology in Turbulent Environment: Cases from the Korean Exporting Organizations (혼란한 환경 하에서의 전략 구분에 따른 전략적 선택과 성과: 한국 수출기업의 경우를 중심으로)

  • Yum, Ji-Hwan
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.5
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    • pp.1034-1042
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    • 2009
  • The study revisits Miles and Snow's strategy typology to investigate the performance relationship with the strategic behavior. Where the most strategy typology researches discern the typology by the respondent's survey such as choosing the best representative behavior for the organization, we developed the strategic typology by the organization's behavior such as marketing strategy, research and development strategy and members' attitudes to the quality. The financial crisis in Korea has reestablished organizational behavior. The study emphasized the changing attitudes of strategy. The results demonstrate that prospector organizations outperform other strategic behavior organizations.

Strategic Options for Internationalization in Korean Organizations

  • Yum, Ji-Hwan;Park, Byoung-Jin
    • 한국디지털정책학회:학술대회논문집
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    • 2005.11a
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    • pp.323-335
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    • 2005
  • Globalization of economy brings both opportunities and threats especially for companies in developing countries such as Korea. Globalization is an opportunity because it may expand the size of market for the company where globalization brings a threat for developing global competitiveness. If the company has already built competitive advantage in its business domain, the company can easily transfer market growth to profit improvement. However, if the company has not developed competitive advantage, globalization of economy will give a serious threat for the survivor of the company. The company might lose its own domestic market share. For the less famous brand of product or company name, international expansion is a challenging strategy. The study evaluated organizational performance of companies that try international expansion by utilizing Miles and Snow's strategy typology. We clustered organizations based on their strategy typology (prospector, analyzer, defender, and reactor) in view of the level of product diversification, new product development instances, level of localization, and autonomy of foreign subsidiary. With the strategy typology, we evaluated international strategy in view of product competitiveness, marketing strategy, human resource strategy, and organizational strategy. The regression result demonstrates that the performance of the company is significantly higher when the company employs prospector strategy. We also found out that product quality and emphasis for developed countries in international expansion are the most important factors for success.

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Investment Decision-making Behaviors and Profitability of the Hospital (병원의 투자결정행태와 수익성)

  • Lee, Chang-Eun;Hwang, In-Kyoung;Chung, Young-Il;Jung, Key-Sun
    • Korea Journal of Hospital Management
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    • v.5 no.1
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    • pp.156-175
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    • 2000
  • This study was designed to find out the relations between the major investment decision-making behaviors and profitability of the hospital. A total of 57 hospitals were analyzed on this study. The major findings were as follows; 1. Among the types of the investment decision-making, major factors affecting the profitability were where the top management belongs among the defender, analyzer, prospector, and reactor type. Other factors were whether or not hospital analyzes which is more economical between the purchase by cash and lease of the medical equipment and whether or not hospital changes the decision before the actual investment. 2, Among the types of the investment decision-making, major factors affecting the financial structure and efficient operation of the assets were ranking of the priority and whether or not hospitals can get enough revenue and cash flow when hospitals have to borrow a big amount of fund from outside. 3. Among the financial indices regarding the financial stability, major factor affecting the profitability was fixed assets to long-tenn capital. Other factors affecting the financial structure and efficient operation of the assets were value added to medical equipment, normal profit to medical equipment, liability to total assets, current ratio, value added to payroll expenses. 4. Investment decision-making behaviors are partially influencing on the financial structure and efficient operation of the assets. However it was proved that the profitability was the most influencial factor than other factors related with the operation of the hospital. 5. To improve the irrational investment decision-making behaviors strategic management system should be introduced, and the top mamagement's investment decision-making style should be changed from reactor and analyser styles to prospector and reactor ones.

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A GA-based Inductive Learning System for Extracting the PROSPECTOR`s Classification Rules (프러스펙터의 분류 규칙 습득을 위한 유전자 알고리즘 기반 귀납적 학습 시스템)

  • Kim, Yeong-Jun
    • Journal of KIISE:Software and Applications
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    • v.28 no.11
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    • pp.822-832
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    • 2001
  • We have implemented an inductive learning system that learns PROSPECTOR-rule-style classification rules from sets of examples. In our a approach, a genetic algorithm is used in which a population consists of rule-sets and rule-sets generate offspring through the exchange of rules relying on genetic operators such as crossover, mutation, and inversion operators. In this paper, we describe our learning environment centering on the syntactic structure and meaning of classification rules, the structure of a population, and the implementation of genetic operators. We also present a method to evaluate the performance of rules and a heuristic approach to generate rules, which are developed to implement mutation operators more efficiently. Moreover, a method to construct a classification system using multiple learned rule-sets to enhance the performance of a classification system is also explained. The performance of our learning system is compared with other learning algorithms, such as neural networks and decision tree algorithms, using various data sets.

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The Effect of Combination Patterns between HRM and Business Strategy on Performance (인사관리와 사업전략 간의 결합패턴과 성과와의 관계에 대한 연구)

  • Kim, Jinhee
    • The Journal of the Convergence on Culture Technology
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    • v.6 no.1
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    • pp.99-104
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    • 2020
  • This paper examines the performance according to the combination pattern of HRM and business strategy. The business strategy was divided into Miles & Snow's prospector, defender, and analyzer. Data were collected from the Korea Labor Institute's workplace panel survey from 2005 to 2015, and the analysis used 465 companies that are common respondents of the six wave surveys. To test the research model, structural equation modeling was employed. The results of the analysis showed that the combination of high commitment HRM and prospector had a positively significant effect on the performance. Contrariwise, the combination of high commitment HRM and defender, the combination of high commitment HRM and analyzer were not significant effect on performance.

Affecting Factors on Financial Performance of Medical Institutions in Taegu Metropolitan and Kyungpook Province (의료기관의 재무성과에 영향을 미치는 요인)

  • Jang, Hyeon-Gi;Kam, Sin;Park, Jae-Yong;Park, Ki-Soo;Han, Chang-Hyun;Cha, Byung-Jun
    • Korea Journal of Hospital Management
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    • v.4 no.1
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    • pp.147-170
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    • 1999
  • This study was performed to assess the financial performance of medical institutions and examine the affecting factors in Taegu metropolitan and Kyungpook province. The major results are as follows ; The liability to total assets was significantly different according to the ownership type of medical institution. It was the highest in the case of juridical person having a special status. The total assets turnover and value added to total assets were significantly different according to the type of medical institution, period of establishment, and ownership type of medical institution. They were higher in the tertiary medical institution, in private hospital and university hospital, and they were increased with establishment period of medical institution. The growth rate of patient revenues were significantly different according to the type of medical institution, period of establishment, and the growth rate of adjusted inpatient days were significantly different by period of establishment. The return on assets and net profit to gross revenues were the highest in private hospital. Private hospital went into the black, but other hospitals went into the red figures. According to the multiple regression analysis for the net profit to gross revenues, ownership type, period of establishment, and management strategy of medical institution were significant It was higher in private hospital and medical institution with prospector management strategy, and it was increased with establishment period of medical institution. In multiple logistic regression analysis for the status of financial performance in medical institution, period of establishment, management strategy of medical institution were significant It was better in medical institution with prospector management strategy and longer period of establishment.

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The Effect of IST Structure and Competitive Strategy on Competitive Advantage : An Empirical Investigation (실증적분석을 통한 전략정보 시스템 구축 방안에 관한 연구 -경쟁적인 우위를 얻기 위한 정보기술 구조와 경쟁 전략-)

  • Kim, Seung-Nam;Jeong, Rak-Chae
    • Asia pacific journal of information systems
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    • v.5 no.2
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    • pp.177-197
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    • 1995
  • In a study involving 52 large organizations in the savings institutions industry, the relationship between information systems technology (IST) structure and competitive strategy was investigated based on structural contingency theory. Structural contingency theory argues that organizational performance is contingent on the congruence between structure and contingent factors. Competitive strategy is considered to be the most important contingent factor among organizational context variables. Two dimensions of IST structure and three types of competitive strategy were employed to test a contingency model. It was found that enhanced congruence between IST structure and competitive strategy was associated with higher competitive advantage. The structural dimension significantly associated with the "defender" strategic stance was more centralized and more integrated application of IST, while the structural dimension significantly associated with "prospector" positioning was more decentralized and less integrated application of IST.

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Evaluation on Perception, Elements and Quality of Business Strategy in Domestic Hospitals (국내 병원의 전략에 관한 인식과 구성요소 및 질 수준 평가)

  • Kim, Young-Hoon;Kim, Hyo-Jeong;Kim, Han-Sung;Woo, Jung-Sik
    • Journal of the Korean Operations Research and Management Science Society
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    • v.37 no.4
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    • pp.181-196
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    • 2012
  • The purpose of this study is to evaluate of the perception, elements and quality level of business strategy in domestic hospitals. We analyze survey data about strategy. Significantly, we find that domestic hospitals were greatly feeling about the necessity and importance of strategy, but elements and quality level of actual execution strategy is much lower. When evaluating level on the perception, elements and quality of strategy within each of Miles and Snow's strategy type, PA(prospector+analyzer) was higher than DR(defender+reactor). And result of structural equation modeling(SEM), elements had a significant influence on the quality of the strategy, a positive relationship between the components and the PA have been identified. Therefore, we propose that to increase the elements level in order to improve the quality level of strategy, and hospital administrators are need to be PA rather than DR.

전문가 시스템의 불확실성 추론 방법

  • 이승재
    • 전기의세계
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    • v.39 no.8
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    • pp.7-12
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    • 1990
  • 전문가 시스템에 있어서의 불확실성 정보의 표현 및 처리를 담당하는 주요 추론모델중 Bayesian모델, Certainty Factor 모델 그리고 Dempster-Shafer 모델의 기본이론을 살펴보고자 한다. 이외의 주요 추론 방법으로서 Fuzzy추론 모델이 있는데 이는 판단 지식에 대한 주관적 불확실성과 "매우", "많이" 등의 자연어가 포함하고 있는 불분명성을 체계적이고 효과적으로 다룰 수 있는 Fuzzy Set 이론에 근거한 방법으로서, 불확실성 또는 불명료성을 0에서부터 1 사이의 값을 갖는 membership degree로 표시하며 이를 "MIN"과 "MAX" 함수를 이용한 합성 추론 규칙(Composition Rule of Inference)를 적용하여 처리한다. Fuzzy 추론 모델은 자연어를 포함하는 전문가의 지식 처리에 매우 적합하여 앞으로 그 응용이 높이 기대되는 방법이다. 이외에 Bayesian 모델을 변형 응용한 PROSPECTOR의 Likelyhood Ratio 모델, 정량적 방법인 Theory of Endorsement 모델 등 여러 방법이 있다. 그러나 어느 모델이 더 일반성을 갖고 더 좋은 방법인가 하는 문제에 대하여는 아직 많은 연구가 요구된다. 따라서 이러한 모델들의 전문가 시스템 적용에 있어서는 각 모델의 장단점을 고려하여 주어진 문제 영역에 적합한 모델을 선택하는 것이 바람직하다. 현재 불확실성 처리에 있어서 각 문제에 따른 경험적인 처리에 의존하는 전력 계통 분야의 적용에 있어서도 이러한 실인간 전문가의 추론방법에 근접된 반성을 갖는 불확실성 추론 방버 도입이 요구된다.가의 추론방법에 근접된 반성을 갖는 불확실성 추론 방버 도입이 요구된다.

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Business Strategy, Corporate Governance and Sustainability Reporting: An Analysis of the Fit Contingency Approach

  • HERNAWATI, Erna
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.761-771
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    • 2020
  • This study discusses the role of Board Monitoring Effectiveness (BME) on managers' decisions regarding the business strategies that fit the external business environmental conditions by using a contingency analysis approach. Furthermore, this study will examine how fit strategies affect Sustainability Reporting (SR) of listed companies on the Indonesia Stock Exchange (IDX) from 2014 to 2017. This study uses Conditional Mixed Process (CMP) technique. This CMP method is claimed to be more efficient in analyzing the TSL models. This study found that in highly uncertain conditions, BME had a positive influence on the probability of managers to choose prospector and defender strategies rather than analyzers. These results indicate that BME shows positive impact on the contingency fit between business strategies and environmental uncertainty. In addition, the study documents that only prospectors have a positive impact on SR, however this study failed to document that defenders have positive impact on SR. Meanwhile the unexpected result is analyzers have a significantly positive effect on SR. This study is the first study to investigate the role of BME in contingency fit between business strategies and environmental uncertainties and how it produces effects up to the level of SR.