• Title/Summary/Keyword: Small and Medium Business(SMB)

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Impact for Financial Performance of Small & Medium-Sized Firms by Maintenance Period of IMS Certification (IMS 인증유지기간이 경영성과에 미치는 영향)

  • Kim, Kyung-Ihl;Kim, Ki-Suk
    • Journal of Convergence Society for SMB
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    • v.2 no.2
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    • pp.21-26
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    • 2012
  • This paper analyzes business performance that together influence firms to adopt IMS, which is the standard primarily concerned with an IMS. We predict that the firm's financial characteristics will also influence the IMS adoption in our analses. This study tests three hypotheses on management performance of adoption of IMS. The main findings are as follows. The first hypotheses is supported in terms of debt ratio, fixed assets to net worth and fixed liabilities, net sales groth rate respectively at the 1%, 5%, and 5% significance level. The second hypotheses is supportrf in terms of gross margin on sales and total assets turnover at the respective rates of 1% and 10% significance level. The third hypotheses is supported in terms of current ratio, debt ratiom fixed assets to net worth and fixed liabilities at the respective rates of 10% and 1% significance level.

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A Study on the Strategy for Mainstream Market Entry of New Convergence Products - SMBs concerning (융합 신제품 주류시장 진입 전략에 관한 연구 - 중소기업 중심으로)

  • Kim, Young-Bok
    • Journal of Convergence for Information Technology
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    • v.7 no.2
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    • pp.17-24
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    • 2017
  • As the fourth industrial revolution era, lots of new convergence products are being launched but most of them are disappearing due to intense competition. In particular, small and medium-sized businesses(SMBs) don't have a lot of management capabilities, so they focus on performance and quality rather than considering specific marketing strategies when planning a product. However, if the strategy isn't included when new convergence products are planned, it can be difficult to enter the initial market and mainstream market. In this paper, we examined the risk factors that may occur in the process of transition from the initial market to the mainstream market, from chasm marketing perspective. Through this analysis, to launch new convergence product and go beyond chasm at the same time, we have analyzed the chasm marketing and social network perspective, and then suggested four marketing strategies. When SMBs make new convergence product enter into mainstream market, these marketing strategies will be favorable to them which want to position at the dominant advantage of the market in the fierce competition.

The effect of prioritizing big data in managerial accounting decision making (관리회계 의사결정에 있어 빅 데이터 우선순위 설정의 효과)

  • Kim, Kyung-Ihl
    • Journal of Convergence for Information Technology
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    • v.11 no.11
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    • pp.10-16
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    • 2021
  • As the implementation of smart factories spreads widely, the need for research to improve data efficiency is raised by prioritizing massive amounts of big data using IoT devices in terms of relevance and quality. The purpose of this study is to investigate whether prioritizing big data in management accounting decisions such as cost volatility estimation and recipe optimization can improve smart solution performance and decision-making effectiveness. Based on the survey answers of 84 decision makers at domestic small and medium-sized manufacturers who operate smart solutions such as ERP and MES that link manufacturing data in real time, empirical research was conducted. As a result, it was analyzed that setting prioritization of big data has a positive effect on decision-making in management accounting. became In addition, it was found that big data prioritization has a mediating effect that indirectly affects smart solution performance by using big data in management accounting decision making. Through the research results, it will be possible to contribute as a prior research to develop a scale to evaluate the correlation between big data in the process of business decision making.

A Study on Development of SMEs Start-up Consulting Course by Convergence subject STEAM (융합인재교육(STEAM)에 의한 융복합 교과목 중소기업 창업컨설팅 개발)

  • Yim, Heon-Wook
    • Journal of Convergence for Information Technology
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    • v.8 no.6
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    • pp.381-387
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    • 2018
  • The purpose of this study is to make a lot of efforts for student employment in government or university. therefore We have developed Start-up Consulting courses that include easy to find jobs, convergence and multidisciplinary knowledge. The results of the comparison between university and graduate school, management consulting, and start-up consulting curriculum were reviewed according to STEAM 's rules. The results were divided into 5 main classes and 15 sub classes according to the 15 week subject. As a result of the study, we divided into 5 main classes and 15 sub classes in accordance with the 15 week subject. We were able to apply the understanding to the 1st stage company understanding(Arts), 2 stage consulting ability(Technology) 3 stage entrepreneurship strategy(Technology) 4 stage sub consulting(STEAM) 5 stage management case analysis(Arts).

Affects on Implementation Level of IMS Activity and Performance according to IMS directivity and Fitness of Firm's Culture (IMS지향성과 기업문화 적합도가 IMS활동의 이행수준과 성과에 미치는 영향)

  • Kim, Kyung-Ihl
    • Journal of Convergence Society for SMB
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    • v.1 no.1
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    • pp.1-8
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    • 2011
  • With a sample of 147 Korean small and medium size companies, this study examined the relationships among degree of information orientation, corporate culture, degree of information management implementation and selected business performances in the process of implementing IMS(Information Management System). Information orientation is defined as company-wide understanding and implementation of the underlying philosophy, principles, approached, and tools of information improvement programs. It is assumed that successful implementation of information improvement programs requires a information-oriented mind-set of the employees. It is also assumed that successful implementation of information improvement programs require strong support from s corporate culture that emphasizes continues improvement. Adopting the competing values model of Quinn and McGrath(1985), corporate culture is classified into 'flexible' versus 'controlled culture' and 'outer-directed' versus 'inner-directed culture'. This study examined how such fitness influenced the implementation of information innovation programs and business performance. Implementation of information innovation programs was measured through various factors, such as leadership, strategic information planning, human resources focus, customer and market focus, process management, and information analysis and application. Business performance was measured through non-financial performance measuresm such as employee results, process results, information results, and customer results, and through perceived financial performance measures.

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PCISS Scheme for Minimize Prove Delay in Wireless Mesh Networks (무선 메쉬 네트워크 환경에서 프로브 지연을 최소화한 PCISS 기법)

  • Cho, Young-Bok;Lee, Sang-Ho
    • Journal of Convergence Society for SMB
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    • v.2 no.1
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    • pp.25-31
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    • 2012
  • Recently Wireless Communication technologies are widely used in Small And Medium Business fields. Wireless mesh networks have been studied as the next generation technology to solve problem of conventional wireless networks. Wireless mesh network uses a 802.11 when make up of network. mesh clients occurs Hard handover moving between ones. This increases the handover latency of the network mobility is a very great issues. Consequently, this paper propose a channel information previously methods to reduce the handover latency selective channels. Proposed scheme accounts for more than 90% of the probe delay to minimize the client had to move the mesh based on the old channel to retrieve information. Through simulation, the proposed scheme had shorter handover delay time than transitional full scan and selective scan. Through results of evaluation, the suggest PCISS scheme more fast 6.5% than transitional scheme.

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The Impact of Digital Transformation on Business Financialization: Mediating Effect of Green Technology Innovation (디지털 혁신이 기업 재무활동에 미치는 영향: 녹색기술혁신의 매개효과)

  • Kyung-Iihl Kim
    • Advanced Industrial SCIence
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    • v.2 no.4
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    • pp.17-27
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    • 2023
  • The purpose of this study is to improve the efficiency of digital conversion by presenting factors that domestic small and medium-sized manufacturers should consider when attempting digital conversion. Using SME data from 2019 to 2021, we analyze the impact of digital transformation on the financialization of enterprises and which digital technologies affect financialization, and further analyze the mediating effect of green technology innovation between digital transformation and business finance. did The results of the study support the negative impact of digital technologies on corporate finance, and cloud computing technologies have been found to significantly inhibit the level of corporate finance. In addition, it was found that green technology innovation plays a mediating role in suppressing corporate financialization by promoting green technology innovation through digital transformation. Digital transformation influences corporate decision-making through green technology innovation, suggesting that the combination of digital technology and green projects should be considered.

Financial Condition and the Determinants of Credit Ratings in Korean Small and Medium-Sized Business (중소상공인의 금융현황과 신용등급의 결정요인 관련 연구)

  • Kang, Hyoung-Goo;Binh, Ki Beom;Lee, Hong-Kyun;Koo, Bonha
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.15 no.6
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    • pp.135-154
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    • 2020
  • This paper analyzes the 5,521 samples of the small and medium-sized businesses(SMBs) obtained from the Korea Credit Guarantee Fund. From January 2014 to September 2019, 85% of the SMBs have 5 or fewer full-time employees. The proportion of SMBs is overwhelmed by the elderly men, and most founders are the CEO. Also, about 87% of the workplace types are rented, while 64% of the CEO's residence types are owner-occupation. 47% of the financial grade score is less than 10 points out of 100 and 80% of SMBs have less than 200 million won of the loan guarantee. In particular, the total guarantee loan amount or the days of net guarantee have significantly positive relations with the working period of the CEO in the same industry, the number of employees, the operation period of SMBs, and the corporate business type. In the case of the financial grading score which has the highest weight in overall credit rating gets higher with the higher number of employees, the longer the operation period, and the corporate business type. However, the quantified non-financial grading score has no significant relationship with other explanatory variables, except for the corporate business type. This implies that a non-financial grade score is measured by other determinants that are not observed by the Korea credit guarantee fund. The pure non-financial grade score has positive relations with the working period of the CEO. Overall, this paper would help Korean SMBs upgrade their credit ratings and expand the money supply when there is no standardized credit rating model or no publicly available evaluation criteria for SMBs. We expect this paper provides important insights for further research and policy-makers for SMBs. In particular, to address the financial needs of thin-filers such as SMBs, technology-based financial services (TechFin) would use alternative data to evaluate the financial capabilities of thin-filers and to develop new financial services.

A study on the efficient supporting methods for small and medium businesses of mobile sector (모바일 분야 중소기업에 대한 효율적 지원 방안 연구)

  • Ahn, Jong-Chang;Lee, Dong-Han;Jung, Gag-Jin
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.2
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    • pp.192-201
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    • 2018
  • This study intends to find efficient support methods for small and medium-sized businesses (SMBs) especially in the increasingly important mobile sector. We investigated regarding perceptions of mobile sector-specific support programs and their current state of usage, and perceptions of the new mobile market and the present conditions of each stage of production based on analysis of a survey that included 204 respondents in each SMB to achieve this goal. Concretely, detections through this research were the reasons for non-selection of support businesses, the future prospective mobile business area, the company's own first-preference item and the reason for the preference, plus new mobile areas of willingness to apply the company's own product and its own first-preference item, and the reason for the preference. In addition, we found out covering costs and revenue size of the maximum-revenue product for each stage (from the first to the fourth stage), the kind of a product's execution method connected to the product (e.g. self-production, outsourcing to another company to produce a product), and the execution method for pre-products. We can suggest a policy regarding efficient support alternatives for SMBs related to the mobile sector thanks to these findings.

Design and Implementation of Smart Factory MES Model Based on Process Visualizationa for Small and Medium Business in Korea (대한민국 중소기업을 위한 공정 시각화에 기초한 스마트팩토리 생산관리시스템의 설계 및 구축)

  • Kho, Jeong-Seog;Jeong, Jongpil
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.19 no.5
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    • pp.135-141
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    • 2019
  • South Korea's smart factory drive is at a very important point. While large-scale funds and manpower are invested to secure international competitiveness and revitalize manufacturing, software investments that are only approached by IT suppliers may end up creating systems that do not meet the actual conditions of the field. As a result, there are problems in the manufacturing sector that can cause consumers to feel the fatigue of innovation in the manufacturing sector. SMEs should check from scratch and establish a gradual integration system so that they can reduce failures in IT investments and implement OT-oriented smart factories that are well utilized in the field. To this end, a process visualization solution was proposed and a step-by-step innovation was proposed at the basic level and the ICT unapplied level.