• Title/Summary/Keyword: Small and medium-sized enterprises

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An Analysis of Policy Impact on the Space Industry (정부 정책이 우주산업의 성장에 미치는 영향 분석)

  • Sin-Hee Hwang;Hyeong-Jin Lee;Ji-Hyun Heo
    • Asia-Pacific Journal of Business
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    • v.15 no.3
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    • pp.509-523
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    • 2024
  • Purpose - The purpose of this study was to analyze the impact of the National Space Policy on Korean space-related companies. Design/methodology/approach - This study utilized space sector firm-level data based on the list of the Space Industry Survey (MSIT, 2023). The multiple regression analysis was used to estimate the model. Findings - First, the lagged policy variable of the Master Plan for Promotion of Space Development positively influences the company's sales. However, the establishment of an Action Plan for Utilization of Satellite Information had no significant result. Second, small-sized enterprises were more sensitive to government policy than medium- and large-sized enterprises. Third, lagged policy variables positively impact firms' sales revenue, especially in the satellite manufacturing and the satellite utilization services and equipment sector. Research implications or Originality - First, support for companies with policy effects should be further expanded. Second, a long-term and stable budget procurement plan should be established to secure a firm's sustainable competitiveness. Lastly, given the characteristics of the space industry, which involves long-term development periods and large investments, government investment should continue. Simultaneously, institutional improvement needs to emerge new services in the space sector.

A Study on the Effects of Entrepreneurship and Technology Commercialization Capabilities of Small and Medium-Sized Manufacturing Enterprises on Financial Performance by Mediating Technological Performance (중소제조기업의 기업가정신과 기술사업화역량이 기술적 성과를 매개로 재무성과에 미치는 영향)

  • Jun, In-Sun;Lee, Rok;Park, Ju-Gyeong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.6
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    • pp.508-519
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    • 2020
  • This study empirically investigated the influence of entrepreneurship and technological commercialization capabilities of domestic small and medium-sized manufacturing enterprises on financial performance by mediating technological performance. To achieve this, a survey was administered to their hands-on workers in charge of R&D. The survey results were analyzed through the structural equation model as follows. Entrepreneurship had an effect on technological and financial performance. Technology commercialization capability had an effect on technological performance. However, technological commercialization capabilities were evaluated to be inferior to financial performance, which can be interpreted as financial performance being judged as different between individuals or organizations in terms of technological commercialization capabilities. Technological performance had an effect on financial performance. Technological performance played a mediating role in the effects of entrepreneurship and technology commercialization capability on financial performance. Consequently, it is very important for entrepreneurship and technology commercialization capability to develop new products and improve corporate performance with insufficient financial status or operating system completion.

A study on the physical security market economy revitalization plan (물리보안 시장경제 활성화 방안에 관한 연구)

  • Min Su Kim
    • Convergence Security Journal
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    • v.23 no.2
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    • pp.115-120
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    • 2023
  • In the domestic physical security (mechanical security) market, there is an increasing variation in the expansion of security areas due to the infrastructure of large enterprises and small and medium-sized enterprises. In other words, problems related to on-site dispatch between companies are constantly being raised due to the limitation of physical security service s to the scope of dispatch according to the dispatch time. Therefore, in this study, based on the results of the criteria for the scope of dispatch as a criterion for dispatch time through simulations related to on-site dispatch, we propose a plan to activate the physical security (mechanical security) market in the future.

A Study on the Expansion of the Employment of the Elderly in Small Business: Focusing on the Opinions of Small Business Owners

  • YOO, Beong-Sun
    • The Journal of Industrial Distribution & Business
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    • v.11 no.5
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    • pp.35-44
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    • 2020
  • Purpose: The purpose of this study is to present a plan to expand the employment of the elderly in Small business as one of the ways to solve the problem of the supply and demand of the company due to the aging population and the problem of the elderly poverty. Research design, data and methodology: The method of this study is a qualitative research method, and the researcher visited a small and medium-sized company directly and collected data by conducting an in-depth interview with a business owner. The interview period was conducted on a total of 15 business owners from November 5, 2013 to November 18, 2013. Results: First, the reason why companies hire the elderly is because they are suitable people, and the reason why they are not employed is because the elderly are not suitable. Second, it was found that the most recruiting paths continued to work after retirement. Third, the strengths of the elderly in their businesses were diligence, integrity, leadership, wisdom, warmth, and skill. Disadvantages the elderly in their businesses include wanting to be treated as an adult, poor productivity, poor accuracy, and health risks. Fourth, in case of hiring the elderly, they were considering convergence with young employees, and it was suggested that there are no difficulties in being an elderly because the companies hiring the elderly use the elderly according to the characteristics of the elderly. Fifth, It is realistic to actively utilize the employment system after retirement. Sixth, it was found that, unlike young people, it is not easy to recruit people on the Internet, so it is necessary to improve the system. Lastly, some industries clearly distinguished between the jobs of the elderly and the jobs of the young, but in many industries, it was desirable to create jobs for the elderly by harmonizing the main and secondary jobs. Conclusion: Ultimately, the work of the elderly in small and medium-sized enterprises should be reborn as a high-quality job that can solve the poverty of the elderly by working as a regular worker in the enterprise, rather than simply working for the elderly.

The Effects of Export Small and Medium Enterprises' Marketing Mix on Marketing Performance (수출 중소기업의 마케팅믹스요인이 마케팅성과에 미치는 영향)

  • Fan, Qing-ji;Kim, Won-Kyum;Maeng, Bu-Young
    • Proceedings of the Korea Contents Association Conference
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    • 2011.05a
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    • pp.135-136
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    • 2011
  • It is very crucial that small and medium-sized enterprises, called SMEs, should play a pivotal role in creating jobs and contributing to export. Day by day under the influence of the increment globalization of the world market and the rapid changes of business environment, our country has been heavily dependent on export to the foreign countries. Therefore, both enterprises' Marketing Mix such as Product, Price, Place and Promotion and global competitiveness are essential elements to raise the volume of export. The purpose of this research is to find out the relationships between Marketing Mix and Marketing Performance. The considerable number of 338 domestic export SMEs was surveyed to verify the hypothesis and research model through a covariance structure analysis via AMOS 18.0, accompanied by the confirmatory factor analysis to prove suggested potential variables. After the strenuous empirical analysis, the relationship between marketing mix elements and marketing performance, the place and promotion element of 4Ps' Mix proved to have a postive impact on marketing performance. This research focused on Marketing Mix as major elements in marketing performance. Theoretical and practical implications are generated to help both enterprises and policy-makers that cover comprehensive government policies for SMEs.

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Importance Analysis of ESG Management Diagnosis Items for Small and Medium-sized Logistics Companies (중소·중견 물류기업 ESG 경영 이행 진단항목 중요도 분석)

  • Wonbae Park;Maowei Chen;Jayeon Lee;Kyongjun Yun
    • Journal of Korea Port Economic Association
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    • v.40 no.2
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    • pp.53-64
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    • 2024
  • ESG management has garnered significant recognition as a crucial concern across all global industries. Within the logistics sector, there is a growing awareness of the importance of ESG management. However, active engagement in ESG practices remains predominantly confined to large corporations, leaving small and medium-sized logistics companies lagging in their comprehension and implementation of ESG principles. Previous studies have consistently underscored the necessity of establishing ESG management guidelines. Furthermore, there has been a call to determine the relative weights assigned to various ESG implementation evaluation criteria, taking into account the distinctive attributes of each category of logistics company. This study endeavors to ascertain the weightings of ESG implementation evaluation items for different types of logistics companies by employing the Analytic Hierarchy Process (AHP) methodology. The framework of evaluation is based on the evaluation items outlined in prior research, particularly focusing on ESG management guidelines tailored for small and medium-sized logistics companies. The findings of the analysis reveal distinct prioritizations across different sectors within the logistics industry. For maritime logistics companies, the environment emerges as the foremost concern, followed by society, information disclosure, and governance. Conversely, land transportation companies prioritize society, followed by governance, environment, and information disclosure. In the warehousing sector, environment takes precedence, followed by society, information disclosure, and governance. Comprehensive logistics firms, on the other hand, prioritize the environment, followed by information disclosure, society, and governance. Such guidelines are pertinent for regulatory bodies and industry stakeholders seeking to assess ESG practices within these enterprises. Moreover, this research contributes to the body of knowledge available to domestic small and medium-sized logistics companies, aiding them in effectively navigating and implementing ESG management principles.

Suggestion of Product Planning Process for Small and Medium Sized Design Company : Focused on the Case of Baby Bathtub Design Concept Development (중소 디자인 기업을 위한 제품 기획 프로세스 제안 : 유아욕조 디자인 콘셉트 개발 사례를 중심으로)

  • Yoon, Woo-Lahm;Go, Jung-Wook
    • The Journal of the Korea Contents Association
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    • v.19 no.8
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    • pp.205-213
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    • 2019
  • A number of small and medium design companies in Korea are making efforts to develop distinguished products with an aim to survive and prosper. However, it is quite difficult to succeed due to insufficient experience in product planning and the challenges in applying known methodologies, which are based on a large amount of data presented as best practices in designing process, in the actual small and medium enterprise operations. To this end, this study suggested the usefulness of the user participation process as the methodology for small and medium design companies and chose the user FGD method implemented by Company P which is a small design company as an empirical case study. The following are the processes used in the case study; First, the problems of existing baby bath were derived through user FGD. Second, opinions were collected from various classes of users through in-depth interviews. Third, the ideas derived were analyzed with the KJ method and grouped based on similar elements, through which six design directions and detailed design concepts covering size, material, safety, purchase factors of existing product, direction of improvement, additional elements were derived. Through the case study, this study verified that the FGD method of Company P could improve the practical verification, integration and promptness of the product planning process in small and medium enterprises. This is valuable as a realistic process that small and medium enterprises with limited capital and manpower may adopt.

Payment Settlement Framework for Exporting Real-Time Online Financial Solution (실시간 온라인 금융솔루션 수출을 위한 지급결제프레임워크)

  • Bae, Huynki;Ahn, Yunji;Park, Kwangho
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.4
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    • pp.55-66
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    • 2017
  • Korean small and medium sized software companies have tried to export their solutions or services to overseas markets. In 2016, exports of the software industry increased by 6.0% from the previous year, and the value added of the industry was 2.2 times higher than that of the manufacturing industry. From a long-term perspective, it is important to secure a global competitive advantage in order to sustain the export high value-added of the software industry. The obstacles to entry into the overseas market of small to medium enterprises are as follows: first, difficulty in product development and localization of marketing; second, lack of investment for overseas expansion; and finally, competitiveness of software technology. In particular, To overcome such obstacles, Korean small and medium sized software companies should increase the technical perfection and secure software export competitiveness. The paper presents a payment settlement framework enabling adaptive reuse and semiautomatic development of global payment settlement services. The quantitative and qualitative evaluation results are presented with domestic and overseas case studies as follows: Firstly, semi-automatic development is realized successfully by applying the framework. Secondly, it is possible to maintain consistent quality of software and to deliver maintenance services without relying on the internal human resources. Thirdly, it is possible to reduce the project duration of the same development cope to less than 50% by applying the framework. Finally, because it is based on BPMN 2.0, which is a high level design diagram, it is expected that it will be easy to implement through components connection and reduce difficulties in technology transfer and localization. Also, at the time of runtime operation, it will be effective to understand the design idea easily and to carry out additional developments without human resource who participated in the initial project.

An Empirical Study on the ISO 9000 Follow-up Management Practices of Korean Small Enterprises (ISO 인증 중소기업의 사후관리에 관한 실증적 연구)

  • Lee Jae-Kwan
    • Journal of Korean Society for Quality Management
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    • v.32 no.4
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    • pp.78-91
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    • 2004
  • The ISO 9000 Follow-up Management Practices (FMP) as an integrated area including training, QM systems, management commitment, customer focus, communication and related issues are examined. A sample of 191 small and medium-sized firms data from mail survey is analyzed by the SPSSWIN. A model of FMP including three factors (Systems, Training, and Customer Focus) is introduced. In this paper, a focus is laid on the comparison between ISO 9000:1994 vs. ISO 9000:2000 or 05 9000 certificates and between groups classified by the time length after certification, and on regression relationships between FMP level and business performance. The result shows that the difference of FMP level is significant between two versions and between groups. Quality level and system satisfaction are influenced significantly by the three factors.

A Study on Improvement Direction for Construction Environment of Small Houses -Focused on Expert Group- (소형주택의 건설 프로세스 개선방향에 관한 연구 -전문가 집단을 중심으로-)

  • Ha, Jun-Geun;Yoo, Seok-Hyung
    • The Journal of the Korea Contents Association
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    • v.18 no.7
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    • pp.388-400
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    • 2018
  • Small houses are continuously supplied after the alleviated housing act enacted in 2009. This study aimed to conduct a survey among an expert group associated with small house construction, propose problems by discovering difficulties and vulnerable points small and medium-sized construction companies experience while launching construction works as well as factors that impede the safety and housing environment of small houses. Furthermore, it ultimately intends to propose improvements. First, low-priced order is a major cause of unreasonable contract. Most companies were found to have low-priced orders in order to manage order performance. Low bidding and low-priced order are implemented to maintain construction businesses, ultimately threatening the safety environment of buildings. In addition, it is assumed that moderate bid periods and construction periods should be guaranteed. Second, work standardization for small and medium-sized companies is needed due to numerous cases that failed to meet order process. Additionally, regular instruction is required as many employees are not fully aware of relevant contents. Third, the most urgent policy direction turned out avoidance of low-priced bidding and removing insolvent enterprises from the market. Small and medium-sized construction companies that primarily build small houses undergo poor work condition. Therefore, the safety environment of small houses should be enhanced through work standardization and avoiding low-priced order.