• Title/Summary/Keyword: Stakeholders of the Organization

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Strategic Management Plan for Transnational Organizations

  • Kang, Eungoo;Hwang, Hee-Joong
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.2
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    • pp.119-128
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    • 2018
  • A primary goal of transnationals is to offer their vision for selling products or services so that they are relevant to local cultures. The purpose of this study is to provide a solution for how transnational companies face various environments and how they can utilize and overcome them and survive strategically. This study will present strategic recommendations for transnational organizations. First, transnational organizations should identify the core areas where organizational can invest or allocate its precious resources to get full advantage of the attractive opportunities form the market and focus on building strong networks with the key stakeholders. Second, they should manage the knowledge flows and provide strategic direction in cooperative venture for the long term successful future and ensure that every department has an effective coordination with other departments in order to bring about the organizational change. Lastly, they should overcome the challenges managers face in a transnational business environment when companies expand their operations into international markets. The managers need to assess the organization's strengths and weaknesses and evaluate different forces which are present in the external environment. And then, Managers have to ensure that the company has sufficient resources, core competencies and capabilities.

Legal Considerations to Make a Successful Corporate Decision: Evidence from Prior Literature Analysis

  • KIM, Young-Dae;KOH, Jae-Jong
    • East Asian Journal of Business Economics (EAJBE)
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    • v.10 no.2
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    • pp.71-80
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    • 2022
  • Purpose - It is chaotic when doing a business without legal patterns and rules; individuals who make legal decisions without legal consideration are often protecting their interests and forgetting others. This study aims to suggest key solutions how companies can make better decision based on legal considerations through investigation comprehensive literature analysis. Research design, Data, and methodology - This research conducted qualitative textual method and a technique called 'Qualitative Comparative Analysis' (QCA) can be used to understand better why certain things change while others do not. In tough situations, QCA is a strategy for comparing several occurrences. Result - Total six considerations were founded by the QCA for better corporate decision. Based on these considerations, all stakeholders, shareholders, and every employee should nominate and vote on one person to be their leader in the organization; fair practices in choosing the governor of the organization through legal binding will bring peace and order to the company. Conclusion - It was time consuming to go through every detailed material that entails legal consideration in making corporate decision. The concept of same profile in the research is critical whereby many authors are using same concept to write their articles and books. Using pure concept from one source limits the research and gives inadequate information.

The Publicness of Public Institutions: Case Study on the Korea Medical Dispute Mediation and Arbitration Agency (공공기관의 공공성 이행 검토: 의료분쟁조정중재원 사례를 중심으로)

  • Yang, Fain
    • Health Policy and Management
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    • v.31 no.3
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    • pp.280-291
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    • 2021
  • Background: Based on the fact that the Korea Medical Dispute Mediation and Arbitration Agency is a public institution established by social demands for medical disputes, this study reviews the publicness of public organization and discusses its policy implications. Methods: Through Moore's strategic triangle, which consists of legitimacy and support, public value and operational capacity, the process of creating public value is examined. For the analysis, case studies were conducted using related literature data from 2012, when the agency was established, to the present. Results: As a result of the analysis, first, the related law examined in the operational capability has been revised dozens of times, but the revised law has its own contradictions and limitations. The human resource system is also being improved, but there is a problem with the fairness and reliability of the arbitration process, especially due to the limitations of the appraiser system. Second, in terms of legitimacy and support, a regional gap occurred despite efforts to improve accessibility through the expansion of the organization. And the arbitration agency failed to reconcile conflicts caused by stakeholders' perception of each other as a trade-off relationship. Third, the public value result shows that, despite many explicit (statistical) achievements, citizens' use of the past dispute resolution means (litigation) has not decreased. Likewise, the perception of value makers (citizens) is important for creating public value as an invisible result, but it has not yet been formally investigated, so the performance can not be recognized. Conclusion: While the organization's efforts for continuous change and improvement are encouraging, it is not perceived as a better means of resolving disputes and improving quality of services. Therefore, it is necessary to reconsider the institutional design centered on value creators.

Study on the Categorical Structure Standardization for Representation of 3D Human Body Position System

  • Choi, Byung-Kwan;Choi, Eun-A;Nam, Moon-Hee
    • Journal of information and communication convergence engineering
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    • v.18 no.4
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    • pp.260-266
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    • 2020
  • This study presents the categorical structure for ther epresentation of a 3D human body position system in the WD stage after NP approval by the International Organization for Standardization (ISO), analyzes the needs of electronic medical record users and establishes future implementation plans for expanding its use in Korea. Research was conducted on the needs of doctors, nurses, health and medical information managers, and radiology departments, which are the main stakeholders of electronic medical records. The overall requirements for electronic medical records were derived from the results, and the requirements for each stage of use of electronic medical records were analyzed. Based on the results of the study, the study proposes plans to expand the use of the categorical structure for the representation of the 3D human body position system, and also aims to establish a standard system for health and medical terminology in Korea and contribute to the development of health and medical information standards through international standardization.

A Study on the Decision-Making Process of the Occupational Safety & Health Policy (우리나라의 산업안전보건 정책수립 개선방안에 관한 연구)

  • 안홍섭;고성석
    • Journal of the Korean Society of Safety
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    • v.13 no.2
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    • pp.151-163
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    • 1998
  • The government policy on the occupational safety and health is the fundamental factor for the effectiveness and efficiency of the accident prevention efforts. However this point of view is comparatively neglected and most of policy in occupational safety and health has not been successful enough in Korea. Thus, this study aims to reduce the accidents at work in Korea through the improvement of the decision-making process on the occupational safety and health policy in Korea. The recommendations are derived from the comparison between the policy decision-making organization and process of Korea and those of other major countries. Capitulated recommendations are: more involvement of professional individuals in the process of policy decision-making; intensive utilization of research institutes; and more openness of the process of policy decision-making to the stakeholders ie, the representatives of employees and employers.

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Factors Influencing the Success of IS Development Projects: Focusing on the Projects of the Public Sector (정보시스템 개발프로젝트의 성공도에 영향을 미치는 요인 - 공공부문의 정보시스템 구축사업을 중심으로 -)

  • Jang, Si-Young;Moon, Dae-Won;Oh, Jae-In
    • Asia pacific journal of information systems
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    • v.9 no.3
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    • pp.111-126
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    • 1999
  • Current audit reports on IS development projects provide useful information to stakeholders but have such limitations as the lack of quantification of audit results and the insufficient recommendations on success factors. The purpose of this study is to solve these limitations, leading audit reports to become of future-oriented contents and form. This research was conducted through the logical inference from the review on the related literature, the analysis of audit reports from 1996 to 1998, and the collection of data from interviews and questionnaires with IS auditors. As a result of the study, eighteen success factors were identified for the development of IS projects, including the adequate composition of the system development team, the degree of project manager's cooperation with the client organization, and the timing of decision making.

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Problems of Decentralization in Korea and Its Development Direction (한국 지방분권의 문제점과 발전방향)

  • Park, Jong Gwan
    • The Journal of the Korea Contents Association
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    • v.22 no.7
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    • pp.126-135
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    • 2022
  • Decentralization is a structural characteristic surrounding the allocation of power within an organization and is discussed at the organizational, national and local levels. This study examined the evaluation and decentralization direction of decentralization of public officials to derive problems and development directions of decentralization in Korea. We also derive our decentralization task. The decentralization task is, first, the expansion of autonomy in organization composition. The organization of local governments shall be determined according to the details and amount of local affairs. Second, it is to secure autonomy in personnel management. It is desirable for local governments to handle local gardens and manpower management autonomously rather than central uniform control. However, it is necessary to leave the checks and supervision to the local council, civic groups, and local residents. Third, the expansion of fiscal decentralization. First of all, the tax rate should be determined by ordinance within the scope prescribed by law to expand the autonomous financial authority. Next, it is necessary to expand local finances through the conversion of national taxes to local taxes. Next, it is necessary to expand local income taxes and local consumption taxes. Decentralization requires cooperation between the central and local governments and participation of local residents and stakeholders, breaking away from central unilateral and short-term thinking.

Application of Computer-Aided Systems Engineering to Light Rail Transit System Development (전산지원 시스템공학을 응용한 경량전철 시스템 개발)

  • 박중용;박영원;이중윤;안장근;목재균;이우동
    • 제어로봇시스템학회:학술대회논문집
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    • 2000.10a
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    • pp.435-435
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    • 2000
  • Light Rail Transit (LRT) system is a complex and large system in which there are many subsystems, interfaces, functions and demanding performance requirements. Because many contractors participate in the development, it is necessary to apply methods of sharing common objectives and communicating effectively among all of the stakeholders. This paper shows not only the methodology and the results of computer-aided systems engineering including requirement management, functional analysis and architecting LRT system, but also propose a tool to help manage a project by linking WBS (Work Breakdown Structure), work organization and PBS (Product Breakdown Structure). The application of computer-aided tool RDD-100 provides the capability to model product design knowledge and decisions about important issues such as architecting the top-level system. The product design knowledge will be essential in integrating the following life-cycle phase activities over the life of the LRT system. Additionally, when a new generation train system is required, the reuse of the database can increase the system design productivity and effectiveness significantly.

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An Advanced User-Construction Requirement Within the EFD for the Development of Large-scale Information Systems

  • Park, Won-Seok;Park, Man-Gon
    • Journal of Korea Multimedia Society
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    • v.6 no.4
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    • pp.723-735
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    • 2003
  • This research focuses ell an approach for the building of a requirements model for the development of large-scale information systems. It will suggest a set of requirements engineering processes as a procedure of the implementation for building the requirements model. It will also emphasise the evaluation requirements model aimed to refine and complete the requirements model by the different user groups as a cross reference. This paper provides an advanced user-construction requirements within the Event Flow Diagram as a set of requirements engineering process.

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A Fuzzy Model for Assessing IT Governance Complexity (IT 거버넌스 복잡성 평가를 위한 퍼지 모델)

  • Lee, Sang-Hyun;Lee, Sang-Joon;Moon, Kyung-Il;Cho, Sung-Eui
    • Journal of Digital Convergence
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    • v.7 no.4
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    • pp.169-180
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    • 2009
  • IT governance implies a system in which all stakeholders with a given organization, including the board, internal customers, and related areas such as finance provide the necessary input into their decision-making process. However, the concepts of IT governance are broad and ambiguous, so IT governance is eventually needed multi-criteria decision making. This paper presents a hierarchical structure to better understand the relationship between control structure and the complexity of collective behavior with respect to IT governance and proposes a corresponding fuzzy model for analyzing IT governance complexity based on an extensive literature review. The results of this study are expected to provide a clearer understanding of how the concerns of IT governance behave and how they interact and form the collective behavior of the entire system.

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