• Title/Summary/Keyword: Strategic Approaches

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The Value Innovation Strategy of the Korean Manufacturing Companies (한국기업의 가치혁신 전략 : 제조업을 중심으로)

  • Chung, Kyu-Suk
    • Journal of Korean Society for Quality Management
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    • v.38 no.1
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    • pp.10-19
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    • 2010
  • The competitive strategies of the Korean manufacturing companies have changed from the "cost leadership" strategy in the early developing stage since 1960's to the "stuck in the middle" position since 1990's in the face of emerging new cost leaders as the Chinese companies. The data on the strategic contents of the Korean manufacturing companies show that their strategies are seeking the value innovation through not only quality improvement but also cost reduction altogether rather than selecting one on the trade-off relation between the both competitive dimensions. Their strategic actions seem to be seeking the operational efficiencies through all the value chain activities rather than the strategic effectiveness by selecting and focusing on the specific competitive dimension, which is considered as a typical strategic approach. Their strategy seems to be non-strategic in the general sense. But their non-strategically looking behaviors can be reasonable enough for their sandwiched competitive position between the global quality leaders and following cost leaders. This paper explains why their strategies can be right through the theoretical explanations by using the quality-price elasticity approaches for the consumer behaviors. We can call their strategic activities as the value innovation strategy.

A Comparative Study on Research Strategies for the Architectural Design Evaluation

  • Han, Seung-Hoon;Moon, Jin-Woo
    • Architectural research
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    • v.12 no.2
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    • pp.41-52
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    • 2010
  • The aim of this paper is to evaluate the methodological strategies for the architectural design field of study mainly focused on qualitative and quantitative research designs. Firstly, this paper addresses the characteristics of the six approaches including their methodological aspects in general. Each strategy is assessed by the different approaches to give full insights in it. Secondly, it distinguishes the differences among six research approaches especially derived from qualitative and quantitative research designs. The differences are discussed in terms of the strengths and weaknesses of each strategy. Finally, this paper attempts to discuss about possible applications for introducing approaches to the research topic with which the exemplified research topic, a design evaluation system, deals. To investigate the applicability of the design methods employed, the following topic has been stated; how to develop a design evaluation system and what to be considered for unfolding the thrown topic in terms of strategic approaches in the field of architectural design researches reviewed through the study.

A Study on the Power Process and Sustainable Competitive Advantage (파워 프로세스와 지속가능 경쟁우위에 관한 연구)

  • Lee, Kyung-Hwan
    • Journal of Korea Society of Industrial Information Systems
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    • v.14 no.3
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    • pp.76-97
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    • 2009
  • The strategic management process includes the establishment of competitive strategy, its implementation and the measurement of its performance. The sucess of strategic management largely depends on the integration of strategic management process into a managerial tool. This study is on the integration of strategic management process into a managerial tool based on the power process, so that it contributes to strategic success or sustainable competitive advantage of a £inn In order to do this, I discussed the principles of the power process, its characteristics, and then suggest their applications to the integration of the strategic management process. According to the results, the power process offers a theoretical and managerial tool which integrates the establishment of competitive strategy with managerial concepts, so that it increases the likelihood of strategic success. Furthermore I discussed the position of the power process approach to competitive advantage in a manner that displays similarities and differences with existing approaches such as industry organizational, resource-based and game theory approach.

The Effects of Strategic Role of IS and Characteristics of ISP on the Performance of ISP (정보시스템의 전략적 역할과 계획수립 특성이 계획수립 성과에 미치는 영향)

  • Kim, Joon-Suk;Sung, Kyung-Chang
    • Asia pacific journal of information systems
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    • v.7 no.2
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    • pp.51-75
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    • 1997
  • The purpose of this study is to analyze the effects of strategic roles of IS and characteristics of ISP on the performance of ISP in view of contingency theory. In particular, this study is to find out whether there is a fit between two contingent variables. To evaluate the effects of two independent variables on the dependent variable empirically, a field research method using questionnaires with depth interview was employed. Findings of the field study are as follows: First, the main effect of strategic roles of IS on performance of ISP is found to be significant. This implies that the higher the strategic importance of IS, the better the performance of ISP expected. Second, the effect of characteristics of ISP on the dependent variable is also found to be significant. Organizations which recognize IT as an important competitive weapon for their business, and adopt Technological and Organizational approaches in ISP, have shown to obtain excellent results. Third, the interaction effect of two contingent variables is not found. There is no evidence for a fit between the strategic roles of IS and the characteristics of ISP. This shows that the differences of ISP performance are to be explained by only independent effect of two contingent variables.

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The Formation and Control of the Biofilm in Dairy Industry: A Review (유가공 산업에서의 바이오필름 형성과 제어관리: 총설)

  • Chung, Yong Hwa;Chung, Dae Hak;Baick, Seung Chun
    • Journal of Dairy Science and Biotechnology
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    • v.33 no.2
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    • pp.139-151
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    • 2015
  • Biofilms are aggregates of microorganisms present in a self-produced matrix of extracellular polymeric substance (EPS) adhered to a surface. Formation of a biofilm in the environment on farms and in dairy plants comprises several stages: attachment, growth (development), and detachment. Generally, biofilms are harmful to humans and need to be controlled. Stainless steel (SS) surfaces that are untreated or are scratched comprise substrata that are especially vulnerable to biofilm formation; therefore, SS surfaces should be polished and sanitized. Various approaches are available for the destruction of biofilms; cleaning-in-place (CIP) is the method mainly used in dairy plants. Further study on optimum detergents, cleaning conditions, and methods for this purpose is needed.

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A Study on the Utilization of the Technology Tree as a Strategic Technology Information Repository - Focused on the Tech-Tree and TRM Integration - (전략기술정보 '레포지터리'로서 기술트리(Tech. Tree)의 활용방안에 관한 연구 - 기술로드맵(TRM)과의 전략적 통합방안을 중심으로 -)

  • Lee, Won-Il
    • Journal of Information Management
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    • v.39 no.3
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    • pp.205-220
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    • 2008
  • This research focused on the major determinants for the strategic utilization of technology tree as a strategic technology information repository after the adoption of the technology tree in the R&D intensive organization. The study was performed based on both theoretical study and qualitative case study approaches. The result is as follows; for the strategic utilization of the technology tree for the information repository, it should be the market base and be closely related with the technology roadmap. In terms of the needs of times, this study regarding the strategic utilization of technology tree as a strategic technology information repository and as a s strategic supplement for technology roadmap is anticipated to be a good reference for the R&D-oriented organizations and technology-related studies in coming years.

Strategic Management of Universities for Regional Competitiveness

  • NURMUKHANOVA, Gulnara;ALIBEKOVA, Gulnaz;TAMENOVA, Saltanat;NIYETALINA, Gaukhar
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.551-562
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    • 2021
  • Strategic management of universities is crucial for the regional competitiveness due to the high impact of universities on the economic growth of regions through entrepreneurial training and support. The study aimed to investigate the HEInnovate self-assessment tool, valuable in building entrepreneurship-oriented strategy, by considering the case of Turan University. The tool can be used to study entrepreneurial capabilities of the university and make strong management decisions. The self-assessment allows getting feedback from all stakeholders, including external ones, which helps to make institutional changes to influence the regional economic growth. The framework of the research is based on the theories of strategic management and regional competitiveness, which can be deployed with the HEInnovate self-assessment recommendations and findings. The research methodology comprises objective and functional approaches to system analysis. HEInnovate self-assessment by Turan university revealed some weaknesses in the university strategy and helped make some recommendations, namely, the university's entrepreneurial ecosystem must act as part of a regional business support ecosystem to provide input into local economic development, attract more international faculty and faculty with more practical experience, create an entrepreneurial culture across staff of the university, address a lack of internal structures to support staff, and improve university-business cooperation.

Strategic Approaches to Free Economic Zones for the Digital Economy: Lessons from a Comparative Study

  • LEE, Jung Wan
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.15-27
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    • 2022
  • The paper addresses the importance of redesigning strategies for resilient and sustainable regional economic development - by applying strategic approaches to free economic zones for the digital economy. The purpose of the paper is to provide a broad comparative perspective on developed versus developing country efforts to use free economic zone programs to enhance various economic and social objectives. First, the paper introduces the chronicle experiences of free economic zone programs in South Korea and mainland China - developed versus developing economies. The main results of the analysis indicate that (1) achieving the goals and objectives of free economic zones is challenging over time; (2) trying to upgrade the technical component, develop knowledge-based and eco-friendly new industries, or value-added to the economy through free economic zone policies is even challenging; and (3) incentives and other program-specific variables are highly context-specific and not structurally correlated with free economic zone performance. In addition, the paper shows that the initial conception of the role of free economic zones has undergone significant change as individual countries have tried to enhance the contributions and avoid damages from incorporating free economic zones into their development strategy respectively, over time.

A Study on the Success Factors of TQM -Through the AHP Analysis of Japanese companies- (종합적품질경영(綜合的品質經營)(TQM)의 성공요인(成功要因)에 관한 연구(硏究) - 일본기업(日本企業)에 대한 AHP분석(分析)을 중심(中心)으로 -)

  • Yoo, Han-Joo
    • Journal of Korean Society for Quality Management
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    • v.22 no.1
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    • pp.33-53
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    • 1994
  • Recently, from the viewpoint of TQM, the criticism and new approaches toward Japanese TQC have made much progress in Japan. It shows that these new approaches to quality are what are needed these days. In this connection, this paper aims at the study of a reform of Japanese TQC. This paper consists of the following two steps. First, several success factors of TQM in Japanese companies were selected through the study of literature. Second, actual approaches to or recognition of TQM in those companies were examined through the AHP analysis. The results of this paper are as follows: First, quality improvement and cost-down efforts within a factory have been emphasized. On the other hand, the development of strategic quality management is weak. Second, the development of creativity by individual autonomous teamwork is more needed than the development of creativity by group consciousness in companies. Third, the reform of upper-class management must be carried out by powerful leadership of top management.

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Approaches for Developing National STI Strategies

  • Meissner, Dirk
    • STI Policy Review
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    • v.5 no.1
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    • pp.34-56
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    • 2014
  • This paper reviews the most central analytical and methodological issues that arise in developing national STI strategies. First, an outline of the relationship between national innovation systems and the strategic dimension is presented. The paper shows that science, technology and innovation strategy are often used in different forms and that there is no common understanding yet of the actual meaning and coverage of these strategies. The paper develops the terminology from a discussion of different approaches towards company innovation processes analyzing their evolution in different socioeconomic environments and the role and impact of science, technology and innovation policy on company innovation processes. Based on this conceptual understanding the paper defines national science, technology, innovation, and STI strategy and explains the basic terminology. From these definitions, the strategic dimension including the impact on the stakeholders is discussed. It is shown that a major success factor for STI strategy development is the involvement of stakeholders to vary and extend their use of their portfolio of instruments. Moreover it becomes evident that stakeholders follow their own interests which aren't necessarily in the interest of the national STI strategies. The analysis shows advantages and disadvantages as well as potentials and limitations of different approaches to develop STI strategies in their ability to describe the reality of innovation processes and to allow conclusions about the relationship between innovation policy and the innovation processes implemented by companies. It is shown that knowledge of these limitations is an important factor to consider in designing consistent and coherent national STI policy which aims at supporting innovation eventually. Finally the paper concludes that the STI policy mix concept needs a more systemic development approach which is integrated in the national STI strategy development and implementation.