• Title/Summary/Keyword: Strategic Management.

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Economic Valuation of R&D Programs with Strategic Flexibility (전략적 유연성을 고려한 연구개발사업의 경제성 평가: 이론 및 사례 분석)

  • Hwang, Seok-Won;Jeong, Jong-Uk
    • Journal of Technology Innovation
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    • v.14 no.3
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    • pp.237-261
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    • 2006
  • Under circumstances with increasing uncertainty, strategic flexibility has become an essential point on which my R&D management system should be based. Unfortunately the present R&D management system for government sponsored R&D programs cannot be said to be so flexible to adapt appropriately to various threatens such as technological failure, a severe change in competition environment, and so on. In this paper a new scheme for R&D planning and economic assessment with strategic flexibility is suggested and applied to a real R&D program. In the newly suggested R&D management system, economic valuation based on real option theory is performed for various alternative scenarios which have different strategic scheme for R&D process each and the result of the assessment is fed back to R&D planning to choose more superior strategic scheme. Introducing strategic flexibility into R&D planning and economic assessment, the value of R&D project could be remarkably enhanced.

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Integration of Strategic Issue Management and Knowledge Management in View of Strategic Information Process

  • Yum, Ji-Hwan
    • 한국디지털정책학회:학술대회논문집
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    • 2004.05a
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    • pp.383-400
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    • 2004
  • Knowledge management is an essential part for gaining competitive advantage. The knowledge management system deals with information gathering, process, and implementation for the organizational performance advantage. The study integrates knowledge management in view of an internal organizational information processing structure and external strategic issue management system. This means that the coordination between internal systematic process and external scanning mechanism is essential for organizational success.

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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.

Strategic Management of Government-sponsored Research Institutes (출연(연)의 전략경영 방안: 전략적 경영감사기법의 도입을 중심으로)

  • Park, Jeong-Su;Hwang, Du-Hui;Park, Hyeon-A;Jeong, Seon-Yang
    • Proceedings of the Technology Innovation Conference
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    • 2005.02a
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    • pp.85-105
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    • 2005
  • Government-sponsored Research Institutes (GRIs) have made a great contribution to the development of Korea Science and Technology(S&T). Because of appearing emerging technology, accelerating technological innovation, and increasing research capabilities of other research organizations (universities and firms), however, many problems have been presenting in a GRIs's function and role. With this change in S&T environment, the need for strategic management of GRls has been increased. In these days, firms have been using a strategic management audit for their strategic management. Therefore, in this paper, we will suggest strategic management audit, which could be applied to Korean GRIs

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Strategic Management Accounting and Firm Performance: Evidence from Finance Businesses in Thailand

  • PHORNLAPHATRACHAKORN, Kornchai;NA-KALASINDHU, Khajit
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.8
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    • pp.309-321
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    • 2020
  • This study aims to examine the effects of strategic management accounting on firm performance of finance businesses in Thailand. Strategic management accounting comprises of environmental scanning, competitor orientation and forward-looking information. In this study, 175 finance businesses in Thailand are the samples of the study. A mail survey procedure was used for data collection. The hierarchical multiple regression analysis is employed to test the research relationships. Firstly, environmental scanning positively affects operational excellence, organizational effectiveness and firm performance. Secondly, competitor orientation is positively related to managerial efficiency and organizational effectiveness. Thirdly, forward-looking information has a positive influence on operational excellence, managerial efficiency, organizational effectiveness, and firm performance. In addition, operational excellence, managerial efficiency and organizational effectiveness have positive impact on firm performance. Finally, to verify the mediating effects, operational excellence, managerial efficiency and organizational effectiveness are the mediators of the research relationships. This study confirms that all dimensions of strategic management accounting play a significant role in determining business outcome as being congruent with the theory of resource-based views of the firms. Executives of firms need to provide valuable resources and capabilities to support the strategic management accounting implementation in order to achieve good business outcome in highly competitive environments.

Strategic Application and Adoption of Information Systems: Case Studies of Korean Companies

  • Suh, Eui-Ho;Lee, Ki-Won;Lee, Jae-Young;Hong, Dae-Geun
    • Industrial Engineering and Management Systems
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    • v.11 no.4
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    • pp.353-370
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    • 2012
  • Korea has shown a tremendous leap in economic development in a short span of time, and the world is watching Korea's economy with keen interest. Development of industries that are implementing information systems (IS) has played a role in leading economic growth in Korea. Because of the success of Korean firms, the creation of case studies for implementing IS in Korean firms was attempted. Despite the many case studies, analysis of the motivations and results, for implementing IS as a firm's strategic purpose, was rarely conducted. Therefore, this paper investigates some Korean firms' cases studies in order to show the best practice example of implementing and adopting IS strategically. Nine cases of Korean firms' strategic use of IS were analyzed in various industry fields. Each case consists of the following four categories: company overview, background implementing IS, adoption of IS for strategic purpose, and the results of implementing IS. In order to help various companies to take an action with their IS implementation and its strategic use, implications from the cases are summarized to show how Korean firms strategically introduced IS for solving particular problems that they had faced.

Contemporary Management of University's Strategic Development: the Case Study on Ukrainian Universities

  • Kovtun, Olena;Lutsiak, Vitalii;Ostapchuk, Anatolii;Lavinska, Daria;Sieriebriak, Kseniia;Kononenko, Anna;Bebko, Svitlana
    • International Journal of Computer Science & Network Security
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    • v.21 no.12
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    • pp.269-279
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    • 2021
  • In the current conditions of world socio-economic development, the strategic support of the process of managing the development of universities has become a particularly important area. Strategic management requires reliable information and analytical support in the form of sound descriptions of strategic directions of development, assumptions, and forecasts. The purpose of the study is to substantiate and elaborate the crucial causes in the strategic management of university's development and to suggest the coherent prospects for advancements. The data analysis was performed using descriptive methods to identify the most significant causes that affect the university's strategic development; the expert assessment was used to rank the factors, ultimately to assess each factor that affects to some extent the university's strategic development; the abstract-logical method was used to ground the positive impact of computer technologies and e-learning on the strategic development of a university and to formulate proposals for its further progress. The main results provided in the given paper showed that significant and most important strategic cause of university's development lies in the field of improving the quality of education, expanding access to educational services based on computer technology and its functionality. In turn, its widespread use at all stages of the educational process allows providing a number of advancements for universities in strategic prospects.

Strategic Action Plan for Construction Knowledge Management (건설 지식의 전략적 계획과 활용)

  • Jung, Young-Soo;Kang, Seung-Hee;Lee, Kyoo-Hyun
    • Korean Journal of Construction Engineering and Management
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    • v.6 no.5 s.27
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    • pp.166-176
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    • 2005
  • The purpose of this paper is to develop a framework for construction knowledge management. Three variables of proposed framework includes knowledge class, strategic business function, and engineering data form. Several different techniques for evaluating the variables are developed in order to develop a strategic action plan for engineering knowledge management systems. The proposed framework for an action plan will contribute to develop knowledge management systems related to strategic engineering functions for construction companies.

A Study on the Strategic Management of University Library (대학도서관 경영전략에 관한 연구)

  • 박인웅
    • Journal of Korean Library and Information Science Society
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    • v.30 no.3
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    • pp.97-116
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    • 1999
  • The purpose of this paper is to develop a model of the strategic management of university library in Korea. The model from this study is summarized as follows: 1. External environment is divide into opportunities and threats. 2) Internal environment is divide into strengths and weakness. We can formulate a management strategy on the basis of library environment element from environment analysis and library situation. 2. Formulation of strategic management are formulated through three stages. 1) Library strategy: $\circled1$Growth strategy $\circled2$Stability $\circled3$Retrenchment 2) Business(competition) strategy 3) Functional strategy: $\circled1$Material organization strategy $\circled2$Collection strategy $\circled3$Reference service strategy $\circled4$Human resource management strategy $\circled5$marketing strategy 3. Implementation of strategic management 1) The chief of strategy implementation 2) Programs, budgets and procedures 3) Structure and strategy implementation 4) culture and strategy implementation 4. Evaluation and control of strategy implementation.

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The Effects of Strategic Human Resource Management on Job Stress and Occupational Commitment of Security Workers (전략적 인적자원관리가 시큐리티업무 종사자의 직무스트레스와 직업몰입에 미치는 영향)

  • Song, Eun-Il;Lee, Jong-Ho
    • Korean Security Journal
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    • no.54
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    • pp.181-202
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    • 2018
  • This study was conducted to investigate the effect of strategic human resource management on job stress and occupational commitment of security workers. A sample of 188 persons was extracted using the SPSS 18.0 program as a significant sampling method for the security worker. Frequency analysis, correlation analysis, and multiple regression analysis were conducted according to the purpose of the data, and the following conclusions were drawn. First, strategic human resource management has a significant effect on job stress. Second, strategic human resource management has a significant impact on occupation. Third, job stress had a significant effect on occupation commitment. That is, two factors of strategic human resource management and job stress play a decisive role in occupation commitment, and job stress plays an important role as a parameter. In conclusion, if we select the factors of strategic human resource management needed for each organization and develop new methods and competitiveness, it will be very helpful for qualitative growth of security industry.