• Title/Summary/Keyword: Strategic choice

Search Result 151, Processing Time 0.028 seconds

A Study on the Influence Factors for Virtual Enterprise (가상기업의 성과요인에 관한 연구)

  • Park, Kyung-Hye;Choi, Se-Yeon
    • Journal of Information Technology Applications and Management
    • /
    • v.14 no.1
    • /
    • pp.117-135
    • /
    • 2007
  • Globalization changes in market structures and consumer needs, as well as technology innovations force organizations to adopt new structures and collaborative networks to cope with rapidly changing environments. These Collaborative Networks are based on the Idea of virtual enterprise. A virtual enterprise(VE) is a temporary alliance of globally distributed independent enterprises that share core competencies and computer networks. This paper presents a proposal for a methodology to measure a key factor of success and risk First of all, we chose thirty experts' defines on virtual enterprise, fifteen are academic specialist and other fifteen are from industry. For this study we define twenty two factors determining VE's success and seventeen factors determining VE's risk using by Delphi method. And we built the influence model on virtual enterprise. A research model was established according to preceeding research and consensus on experts then the revised model of key factors on virtual enterprise. This survey was based on the Analytical Hierarchy Process (AHP). AHP is an approach to decision making that involves structuring multiple choice criteria into a hierarchy, the assessing the relative important of these criteria, comparing alternative for each criteria, and determining an overall ranking of the alternatives. A model was constructed as 3 level hierarchy. The hierarches are organizational, strategic, technical criteria. for success model on VE has 22 factors and 17 factors for risk model. They are selected by all 30 experts. 14 copies among 30 copies distributed to carry out on the Analytical Hierarchy Process (AHP). Consistency ratio confirm high validity and reliability of instrument and support theoretical model. The results of this study are summarized as follows. (1) This study presented success on VE influenced strategic criteria, and essential factor is Creating a value. Risk on VE influenced strategic criteria, and essential factor is Outcome/Distribution. (2) Its enable that ranking the criteria influence on VE. These are supported VE management and using guideline of VE.

  • PDF

Hegemonic Competition and the Role of Naval Power (패권경쟁과 해군력의 역할)

  • Kim, Kyeong-Sik
    • Strategy21
    • /
    • s.41
    • /
    • pp.108-152
    • /
    • 2017
  • This paper aims to analyze hegemonic competition and the role of naval power. To this end the paper is composed of four chapters titled introduction, the role of naval power in the hegemonic competition, the role of naval power in the East Asia, and the lessons and implications for the Korean Peninsula. Since the modern era, the hegemonic competition in the East Asian region has been the intrusion and struggle process between the world system and the East Asian regional system, and the ocean between these two systems has become the goal and means of supremacy(hegemony). Currently, the hegemonic competition between the US and China consists of systemic competition at the global level and marine competition at the regional level. When South Korea is forced to make strategic choices in the course of the US-China hegemonic competition, naval power will be the first factor to be considered. The ROK is asymmetrically maintaining a deep dependency relationship with the United States in terms of security and China in relation to the economy. And while the ROK's national economic power is acquired from the ocean, the ROK's military power is imbalanced because it is centered on the ground forces. These international relations and asymmetric-unbalanced resources distribution will not be able to effectively cope with the hegemonic competition between the US and China in the future, and will limit Korea's strategic choice. Since naval power and forces are the prerequisites for the hegemonic competition or the maintenance of supremacy we must construct balanced naval forces(naval power) that are not subordinate to the ground forces at the national strategic level for the future of the country.

The Effects of Ambidextrous Alliance on Firm Performance (양손잡이 제휴(Ambidextrous Alliance)가 기업 성과에 미치는 영향)

  • Chung, Do-Bum;Kwak, Joo-Young
    • Journal of Technology Innovation
    • /
    • v.20 no.1
    • /
    • pp.17-43
    • /
    • 2012
  • Alliance formation has been recognized as an important strategy for firms who seek to survive through acquisition of sustainable competitive advantages. Specifically in high-tech industries, firms may consider formation of strategic alliances in order to access valuable external knowledge. These firms tend to be situated in a dilemma that they should choose between exploration and exploitation, which are two types of strategic choices suggested by March (1991). Working out the dilemma has been extensively discussed in the area of strategy or organization learning. Recently, however, an increasing number of studies have stressed on a balance between exploration and exploitation. Regarded as 'ambidextrous organizations' (Lavie and Rosenkopf, 2006), these firms that simultaneously pursue exploration and exploitation have emerged in high-tech industries, and many studies have provided evidence of positive association between organizational ambidexterity and firm performance. In the strategic alliance research, accordingly, scholars began to pay attention to the balanced choice between exploration-and exploitation-oriented alliances. Given these backgrounds, this study examines the relationship between alliance ambidexterity and firm performance. While previous research approached alliance ambidexterity mainly from the number of alliances, our study suggests ambidexterity in terms of alliance portfolio and alliance partner. Our dataset consists of biotechnology or pharmaceutical firms in the United States, which spans time period between 1990 and 2005. We conduct panel data analysis. The results show the strong link between alliance ambidexterity and firm performance, highlighting the balance between exploration and exploitation when firms make strategic decisions.

  • PDF

A Study on the Effect of Experience-specificity and Uncertainty on Choice in Experiential Products -From Transaction Cost Perspective- (경험재 거래의 경험특유성, 불확실성이 선택에 주는 영향에 관한 연구 -거래비용적 관점에서-)

  • Jeong, Yun-Hee;Park, JI-Yeon
    • Journal of Convergence for Information Technology
    • /
    • v.9 no.4
    • /
    • pp.152-159
    • /
    • 2019
  • The purpose of this study is to investigate the effect of transaction characteristics on transaction cost and choice intention by applying transaction cost theory to experiential product. Experience-specificity, transaction uncertainty, and personal uncertainty are proposed to reflect the characteristics of experiential products, and the effects of these variables on transaction costs and transaction costs are assumed to have an influence on the choice intention. The results of this study are summarized as follows. First, experience-specificity(site, physical equipment, knowledge skill, temporal), transactional uncertainty(product-, process-), personal uncertainty (preference-, and situation-) have a significant positive effect on transaction cost. Second, transaction costs (search, comparison, examination, negotiation, payment, delivery) have a significant negative effect on the choice intention of the experiential product. The results of this study show that the increase of transaction costs can reduce the choice of experiential products and the strategic consideration of experience specificity, transaction uncertainty and individual uncertainty are required to reduce transaction costs. In addition, experiential products lacked access from a transactional and cost-based point of view, and this study contributes theoretically by compensating for the lack.

Risk-Taking Decisions with Major IS Investment;System Downsizing Case

  • Shim, Seon-Young;Lee, Byung-Tae
    • 한국경영정보학회:학술대회논문집
    • /
    • 2007.06a
    • /
    • pp.339-344
    • /
    • 2007
  • In the cut-throat competitive environment of business, large-scale IS investment is becoming inevitable strategic necessity for gaining competitive advantage. However. it bears great deal of risk over all the associated processes so that the investment decisions need to be taken in a greatly careful manner. Nonetheless, Korean organizations are prominently showing risk taking behaviors regarding major is investment, in terms of system downsizing. Although decision theory argues decision makers' rational choice of options through the assessment of risk and benefit, the notable trend toward system downsizing in Korea defies common understandings on IS project risk. Furthermore, it encourages us to investigate many impenetrable characteristics underlying organizational risk taking decisions with IS investment. We found out that there is Significant effect of IS decision makers' risk propensity when they make system downsizing decisions. Moreover. we Identified that IS decision makers do not get a strong pressure of cost savings and have tendencies to mimic competitor's decisions.

  • PDF

A Study of IT Environment Scenario through the Application of Cross Impact Analysis (교차영향분석의 작용을 통한 국내 IT 환경 시나리오에 대한 연구)

  • Kim Jin-han;Kim Sung-hong
    • Korean Management Science Review
    • /
    • v.21 no.3
    • /
    • pp.129-147
    • /
    • 2004
  • Scenario analysis for strategic planning, unlike most forecasting methods, provides a qualitative, contextual description of how the present will evolve into the future. It normally tries to identify a set of possible futures, each of whose occurrence is plausible but not assured. In this paper, we propose the use of Cross Impact Analysis(CIA) approach for scenario generation about the future of Korean IT environments. In this analysis, we classified IT environments into technical, social, legislative, and economic factor. And various variables and events were defined in each factor. From the survey collected from IT related experts, we acquire probability of occurrence and compatibility estimates of every possible pairs of events as input. Then 2 phase analysis is used in order to choice events with high probability of occurrence and generate scenario. Finally, after CIA using Monte Carlo simulation, a detail scenario for 2010 was developed. These scenario drawn from the CIA approach is a result considered by cross impacts of various events.

Strategic Approach to Enhance the Research and Development Productivity (연구개발에서의 생산성 향상을 위한 전략적 접근)

  • 윤석환
    • Journal of the Korean Professional Engineers Association
    • /
    • v.32 no.6
    • /
    • pp.40-43
    • /
    • 1999
  • The R&D productivity has the same meaning as that of general meaning. Its input includes budget, facility, schedule, idea and target, and its output includes patent, paper, technological innovation and revenue increase and technology accumulation influenced by these factors. The choice of R&D item which will have the large effectiveness after customization, resource input of proper level, application of efficient development schema, effective usage of development output, objective appraisal for the R&D output and extension for the future project are the main factors for which is suggested to enhance the R&D productivity. The management's expectation for R&D can be represented as the innovativeness of output and potential influence to outsiders. The speedy output, even if incremental investment more than planning happens, will eventually result in the productivity enhancement of the enterprise, and managers must not encounter the opportunity loss in return for the excessive investment control.

  • PDF

An Ad-Hoc Network Routing Scheme based on Mechanism Design Approach (메커니즘 디자인 접근방식에 기반을 둔 애드혹 네트워크 라우팅 기법)

  • Lee, Jin-Hyung;Kim, Sung-Wook
    • Journal of KIISE:Information Networking
    • /
    • v.37 no.3
    • /
    • pp.198-203
    • /
    • 2010
  • In this paper, a new routing protocol is proposed to manage selfish nodes which make a strategic choice to maximize only their own profits. To provide incentives to nodes on the path, VCG mechanism is introduced. Therefore, based on the collaborative actions among nodes, the entire network performance can be improved. With a simulation study, the proposed scheme can approximate an optimized solution while ensuring a well-balanced network performance under widely diverse network environments.

기업간 공동연구개발의 성공과 위험요인 : 기존 연구의 분석 및 모형의 제안

  • Jeon, Jae-Uk;Mun, Hyeong-Gu
    • Journal of Technology Innovation
    • /
    • v.11 no.2
    • /
    • pp.91-121
    • /
    • 2003
  • The rapid development and diversification of technology require that firms should adjust and cope with a high degree of uncertainty regarding independent efforts in technology development. An alternative to these strategic responses is the R&D or technological collaborations among firms. There have been many researches on the reasons for and effects of these collaborative relationships; however, research examining the risks involved in the process of collaboration is lacking. The researches into essential prerequisites for successful technological collaborations have remained more or less premature despite of the increasing demand for interfirm R&D collaborations. In other words, the existing literature has mainly focused on the choice of collaborations, but has paid little attention to the processes of collaborations. This study tries to identify and integrate both success and risk factors affecting the decision making of whether collaborations are attempted or not and R&D collaboration processes. Finally, a model of interfirm collaborations is suggested and also practical implications for the firms which consider R&D collaboration with other firms are provided.

  • PDF

Air-Borne Selection in Micro-Genetic Algorithms for Combinatorial Optimization

  • Kim, Yunyoung;Masahiro Toyosada;Koji Gotoh;Park, Jewoong
    • 제어로봇시스템학회:학술대회논문집
    • /
    • 2001.10a
    • /
    • pp.106.4-106
    • /
    • 2001
  • The current research field to find near-optimum solutions explores in a small population, which is coined as Micro-Genetic Algorithms (${\mu}$GAs), with some genetic operators. Just as in the Simple-Genetic Algorithms (SGAs), the ${\mu}$GAs work with encoding population and are implemented serially. The major difference between SGAs and ${\mu}$GAs is how to make reproductive plan for more better searching strategy due to the population choice. This paper is conducted to implement ${\mu}$GAs in order to achieve fast searching for more better evolution and associated cost evaluation in global solution space. To achieve this implementation, the Air-Borne Selection (ABS) for a new reproductive plan is developed as new strategic conception for ${\mu}$GAs. In this paper, it is shown that the ${\mu}$GAs implementation reaches a near-optimal region much earlier than the SGAs implementation. The superior ...

  • PDF