• Title/Summary/Keyword: Small and medium sized business

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An Empirical Study on Social Capital in Technology Cooperation Network, Knowledge Management Activities, Innovation, Relationship Satisfaction, and Relationship Investment: Focused on Korean Small and Medium Sized Firms (기술협력 네트워크에서의 사회적 자본, 지식관리 활동, 혁신, 관계만족 및 관계투자에 관한 실증연구 -국내중소기업을 대상으로-)

  • Kang, Seok-Min
    • Management & Information Systems Review
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    • v.36 no.1
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    • pp.41-57
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    • 2017
  • The previous studies have investigated the effect of social capital on innovation performance. However, the previous studies investigating the relationship between social capital and innovation performance have assumed a black box in the linkage. According to the knowledge based view, firms with inter-dependent relationship can make innovation through sharing processes of knowledge. In other words, social capital as intangible resource results in knowledge management activities which can increase innovation performance. And increasing innovation can make relationship satisfaction promoting relationship investment gradually. Therefore, research hypotheses are made from social capital to relationship investment. From the empirical results, except for the effect of knowledge sharing on both product innovation and relationship satisfaction, almost all hypotheses are reported to be significant. And product innovation performance positively affects relationship satisfaction, and relationship investment is positively affected by relationship satisfaction. From this study, we can know the importance of knowledge management activities in strategic management view.

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Analysis of Technology Value Strategy using Technology Valuation System (기술가치 평가시스템을 이용한 기술가치 전략 분석)

  • Kwon, Bang-Hyun;Whang, Kyu-Seung
    • Information Systems Review
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    • v.5 no.1
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    • pp.129-146
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    • 2003
  • Increasing number of transactions and investments in technology has sparked a growing interest in technology valuation. However, it has not been easy to come up with an objective valuation of technology due to variance in technology value and specialty of technology valuation. The main objective of this paper lies in the development of a new system for technology valuation, Web-based Interactive Technology Valuation (WITV) system, which valuate the technology and analyze the technology value strategy. WITV system uses the Technology Valuation Attractiveness Model (TVAM). TVA is composed of the Intrinsic Value of Technology (IVT) and the Extrinsic Value of Technology (EVT). This paper experiment the feasibility of the TVA Model and WITV System by conducting an empirical study on small & medium sized manufacturing companies in IT industry, registered on KOSDAQ. In this study, the potential value is defined as the technology value. It is represents the expected profit appraised by the market under the competitiveness of technology and the growth of the market. TVA is measured as the index to forecast the Price-to-Book value Ratio (PBR), which is the proxy variable for the potential value of the technology. The results identify the feasibility of the TVAM through a high correlation between the TVA and the PBR.

A Study on the Necessity of Smart Factory Application in Electronic Components Assembly Process (전자부품 조립공정에서 스마트팩토리 적용 필요성에 대한 연구)

  • Kim, Tae-Jong;Lee, Dong-Yoon
    • Journal of Convergence for Information Technology
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    • v.11 no.9
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    • pp.138-144
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    • 2021
  • In the electronic component assembly business, when product defects occur, it is important to track incoming raw material defects or work defects, and it is important to improve suppliers or work sites according to the results. The core task of the smart factory is to build an integrated data hub to process storage, management, and analysis in real time, and to manage cluster processes, energy, environment, and safety. In order to improve reliability through accurate analysis and collection of production data by real-time monitoring of production site management for electronic parts-related small and medium-sized enterprises (SMEs), the establishment of a smart factory is essential. This paper was developed to be utilized in the construction by defining the system configuration method, smart factory-related technology and application cases, considering the characteristics of SMEs related to electronic components that want to introduce a smart factory.

A Study on the Co-Relation of Organizational Culture and Organizational Commitment Among Startup Companies Employees (신생기업 임직원들의 조직문화와 조직몰입의 상관관계에 관한 연구)

  • Bokhari, Syed Asad Abbas;Aftab, Muhammad;Shahid, Manzoor
    • Industry Promotion Research
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    • v.6 no.4
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    • pp.95-103
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    • 2021
  • Startup enterprises are expanding at an alarming rate in both industrialized and developing countries simultaneously. Many difficulties confront young entrepreneurs in terms of organizational and human resource management. As a result, it is critical to research startup enterprises because they have received little attention from the scientific community. In this study, we solely considered new startup enterprises operating at the small and medium-sized enterprise (SME) level in a developing country (Pakistan). The information was gathered through a survey method from ten businesses located in the metropolitan metropolis of Lahore. The correlation analysis was conducted to determine whether or not the hypothesized relationship between research variables was true. We discovered a positive and statistically significant association between all of the proposed hypotheses. The findings of this study have significant implications for industry, academics, and policymakers.

A Study on the Strategic Trade Policy of Korea, China and Japan in the Era of Digital Trade (디지털무역 시대의 한국·중국·일본의 전략적 무역정책에 관한 연구)

  • Jia-Jia Liu;Nak-Hyun Han
    • Korea Trade Review
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    • v.47 no.6
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    • pp.335-353
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    • 2022
  • There are two aspects of digital trade: the digitalisation of goods/services being traded and the digitalisation of the transactional act. Digital data (i.e. machine-readable industrial data and transactional data) is the major driving force for both aspects of digital trade. Digital data is a non-rivalrous input, whether for production or marketing activities, and is thus able to be used by many firms or government agencies without limiting the use of others. Digital platforms provide online infrastructure for the interactions between groups, for instance, consumers and producers. The externality effect refers to the situation in which prosperity in one group on a given platform will improve the returns of other groups on the same platform. In the era of the data-driven economy, strategic trade policy can involve data-related policies. The major objective of these policies is to improve the competitiveness of domestic firms. For instance, firms may be subsidised if they use cloud services provided by specific platforms. This strand of strategic trade policies might be useful for increasing the competitiveness of small-and medium-sized enterprises (SMEs) via the digitalisation of production/marketing processes. Alternatively, strategic trade policy may also exploit the externality effect via platform economy-related policies. Further, some countries may form data coalitions to facilitate cross-border data flow. This paper uses cases in Asian countries to illustrate which role these strategic trade policies can play in the digital economy.

Exploring Case Study on Mass Customization of Domestic Company (국내 기업의 대량 맞춤화 사례연구)

  • Shin, Hyun-Am;Jeon, Ho-Ki;Lee, Won-Jun;Kang, Youn-Jung
    • Journal of Digital Convergence
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    • v.10 no.6
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    • pp.111-131
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    • 2012
  • Mass Customization combines the advantages of mass production and customization. Mass customization has been praised as an innovative approach that would result in changes in business paradigm. However, there is no consensus on the concept of mass customization, but only a generally accepted framework exists to explain successful practices. Prior cases in mass customization are those of the small-medium sized or Internet-based companies. We in this paper explore the mass customization cases of market-leading manufacturers. Although those traditional organizations may be not for swift change, the cases of those companies are important because they target mass markets. Lampel and Mintzberg[35] proposed a continuum of strategies ranging from pure standardization to pure customization. This study investigates mass customization strategies of three companies. In this paper, the cases of cosmetics and sports shoe can be described as tailored customization, and the household appliances case can be classified as customized standardization. These three cases are compared with each other from the customers' decoupling point. Findings and implications of this research are discussed.

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 Feature and Improvement for e-Commerce of Parts Procurement in the Japanese Automobile Industry (일본의 자동차부품조달 전자상거래의 특징과 개선방안)

  • Han Kwang-Hee
    • The Journal of the Korea Contents Association
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    • v.5 no.6
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    • pp.273-282
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    • 2005
  • The purpose of this study is how to apply to e-Commerce of parts procurement system in the Japanese Automobile Industry and examine the influence of that through the case studies of automobile makers. In the Japanese automobile industry, B2B e-Commerce of parts procurement system have a shifted from closed circuits through VAN to opened IP-VPN and eventually to the JNX of internet environment. The Japanese automobile industry depends mainly on IP-VPN and JNX, especially EDI on a one to one basis with parts procurement suppliers. As to the future direction of B2B e-Commerce of parts procurement in the Japanese automobile industry, many of commodity parts will be traded among established participants on internet websites owned by automobile maker groups. Finally, for improvement of B2B e-Commerce of parts procurement in the Japanese automobile industry I suggested that there are 'revitalize of e-Marketplace', 'improvement of IT and business process', 'extension of B2B e-Commerce among small and medium sized suppliers'.

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A Study on Practical Approaches for CSR in Small and Medium-Sized Enterprises in Korea (한국 중소기업 CSR 경영 실태 분석과 개선방안에 관한 연구)

  • Jeung, Gil-Chea
    • Journal of Industrial Convergence
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    • v.18 no.2
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    • pp.87-94
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    • 2020
  • This paper belongs in a literature of sustainablity policy determination. This paper offers an actual status and explanation to corporate social responsibility of SMEs in Korea. This study examines CSR situation focused on developing mechanisms to enable the SMEs sector. Firstly, this study suggests introducing the third-party professional assurance service on sustainablity reports and/or asking global accreditation such as ISO14001 and ISO26000 when entry as a provider in government e-procurement system. Secondly, this study introduce the CSR Committee headed by the CEO and coordinates group-wide committees to discuss the CSR Guidelines. Third, because CSR does not only have to do with the SMEs, but pertains to the local community and business partner, this study offered the opportunity to work with large companies in aspects of CSR.

External Information Network Diversity and Production Management Capability in IT SMEs in the Age of Digital Convergence: The Mediating Effect of Manufacturing Capability (디지털 융합시대에 IT 중소기업의 외부정보네트워크의 다양성과 생산관리능력: 제조능력의 매개효과를 중심으로)

  • Hau, Yong Sauk
    • Journal of Digital Convergence
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    • v.13 no.9
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    • pp.99-104
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    • 2015
  • The production management is one of the essential capabilities of the small and medium-sized enterprises (SMEs) in the information technology sector (IT). Therefore, this study empirically analyzed the effects of such important factors as external information network diversity and manufacturing capability on IT SMEs' production management capability. Based on the 310 data collected from Korean SMEs in the IT sector, the ordinary least squares regression results from this study by using the SPSS version 22 have empirically shown that IT SMEs' external information network diversity has a positive and significant effect on their production management capability and this effect is fully mediated by their manufacturing capability. These findings provide a meaningful implication that the positive impact of IT SMEs' external information network diversity is linked to their production management capability through their manufacturing capability.