• Title/Summary/Keyword: Strategic industry

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Performance Consequences of Convergence and Divergence in Strategic Positioning

  • Park, Kyung-Min
    • 한국산학경영학회:학술대회논문집
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    • 2005.11a
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    • pp.73-94
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    • 2005
  • This paper investigates the performance consequence of strategic changes when firms move closer to or further away from other firms in the industry. The study suggests a theoretical framework and hypotheses on the effect of strategic convergence and divergence on performance, and tests hypotheses with firm-level longitudinal data on the U.S. food processing industry during the period of 1985-2000. The study shows that strategic divergence is negatively related to performance, and that organizational size and firm-specific uncertainty significantly influence the effect of strategic convergence and divergence on financial performance. Particularly, high uncertainty seems to be conducive to financial performance improvement for organizations undergoing significant strategic changes converging toward other competitors. On the other hand, big organizational size seems to be beneficial for finns implementing strategic changesdiverging from other competitors.

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Establishment of Strategic Agility through a Management Information Systems: A Case Study of "H" Resort (경영정보시스템 구축을 통한 전략적 민첩성의 달성: "H" 리조트 사례연구)

  • Jeong, Taewoong;Kim, Chang-Sik
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.16 no.1
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    • pp.131-147
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    • 2020
  • Strategic agility plays an important role in maintaining a competitive advantage for companies, where information systems are introduced. The purpose of this study is to analyze the impact of the introduction of the information system on the strategic agility of the company through the analysis of the "H" resort, which has recently built the information system. Research shows that the introduction of resort management information systems promotes the level of strategic sensitivity, collective commitments and resource liquidity, which are key elements of strategic agility. This study confirmed that the establishment of resort information system has a positive effect on practitioners who want to create strategic agility. However, this study is a single case study and it is difficult to argue that the introduction of information systems is a positive for the strategic agility approach.

Building Identity and Strategic Scenarios for Railway Culture Design (철도문화디자인의 정체성 구현과 전략 시나리오 구축)

  • 한석우;진미자
    • Journal of the Korean Society for Railway
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    • v.5 no.4
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    • pp.201-208
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    • 2002
  • This study suggests a new paradigm to build the identity of railway culture design, since it plays a critical role in enhancing competitiveness of culture and design. It is considered to be a valuable factor to improve users' satisfaction and to have a new effect on the railway industry. This study is focused on systematic study on the culture & design and competitiveness for railway industry, that emphasizing on making necessary strategic scenarios accordingly. Consequently, it is going to make higher added values to secure a footing and advanced images of railway industry.

The Application of Strategic Management Accounting: Evidence from the Consumer Goods Industry in Vietnam

  • NGUYEN, Thieu Manh;NGUYEN, Thanh Thi
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.139-146
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    • 2021
  • This article analyzes factors affecting the application of strategic management accounting in different enterprises in Vietnam's consumer goods industry, providing more empirical evidence on factors affecting the application of strategic management accounting. The research method used a questionnaire survey of managers at all levels, chief accountants, and accountants from 72 consumer goods enterprises in Vietnam. The survey results collected 290 questionnaires, however, due to invalid questionnaires with many blank cells, 284 questionnaires were finally selected. Quantitative research was carried out with SPSS 25 software. Research results show that 6 factors have a positive influence on the application of strategic management accounting including awareness of the business market, business strategy, technology, corporate culture, qualification of management accountants, decentralization of management, in which technology has the strongest influence on the application of strategic management accounting in consumer goods enterprises in Vietnam. The standardized Beta coefficient extracted from the multiple linear regression equation reveals that the technology factor has a high standardized Beta coefficient (0.176) compared to other factors. Based on the research results, the author has proposed recommendations to improve the ability of consumer goods businesses to successfully apply strategic management accounting techniques, thereby contributing to improving competitiveness and performance of consumer goods enterprises.

A Study of the Strategic Advanced Project Management Application in the Korean Construction Industry (한국 건설산업의 전략적 선진 프로젝트 매니지먼트 적용에 대한 연구)

  • Park, Chang-Woo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.572-577
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    • 2008
  • In order to apply strategic advanced project management to the Korean construction industry, the study conducted a comparative analysis of the project management body of knowledge of the advanced countries such as the USA and Japan as well as Europe. As a result, it was found that the connection to 'execution' of 'strategy' was highlighted as a common main issue in the theoretical background of project management body of knowledge, and strategic planning, which aligns 'program management' based on the integration of multiple project management and operations in single project with 'portfolio management' for selection and concentration, has been emphasized. Accordingly, the study built up the framework for the application of strategic advanced project management for strategic action in the Korean construction industry and proposed the following applicable solutions for implementation into the current Korean construction industry: 1) Innovate global competitiveness by preparing an 'ideology and philosophy' for the strategic action of an organization, 2) Establish a strategic 'environment' in consideration of the culture and structure of an organization, 3) Propose a strategic 'vision' for attaining a realizable goal within an organization, 4) Create an 'investment' on the portfolio in line with the strategy, 5) 'Execute' the program through the portfolio and project management. Lastly, the study brought up strategies for sustainable growth by applying strategic advanced project management to the Korean construction industry with a view to acquiring 'Performance' through the implementation and operation of their integrated system.

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A Plan of Efficiency of Human Resource Policy for Small-Medium Enterprises in Regional Strategic Industry (지역전략산업 연계 중소기업지원 인력양성정책의 효율화 방안)

  • Kyung, Jong-Soo;Lee, Sang-Cheol;Lee, Sang-Ho
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.11 no.10
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    • pp.3779-3788
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    • 2010
  • In this study, We found approach to improve the efficiency of human resource policies for small-medium enterprises(SMEs) in the regional strategic industries. Especially, we intended to identify practical and policy implications, through analyzing to the supply and demand side of human resource at the same time. In the supply side, we analyzed workers, supply, and support policy in regional strategic industry. In the demand side, we analyzed the demands from 201 SMEs in regional strategic industry. We found the demand differences in strategic industries. we found the efficiency improvement and directions of human resource policies. Thus, these results imply the necessity of creating a customizing policy for SMEs. In conclusion, the human resource policy should be reflected the central government's policy direction and the demands of SMEs.

Evaluation and Competition Strategy for Korean Industry Clusters (한국 산업단지별 클러스터 평가 및 경쟁전략 수립)

  • Ku, Sang-Wuk
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.8
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    • pp.3446-3451
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    • 2011
  • Nowadays, industry clusters have been considered as critical factors for regional competitiveness and economic revitalization. It should be important to evaluate strategic positioning and establish competition strategies for Korean industry clusters. I proposed strategic positioning, identified problems, and established strategic directions by analyzing potential attractiveness based on growth and productivity and retained capabilities of proximity, networks, correlation and revenue increase for 7 regional industry clusters. In addition, I analyzed best practices of global industry clusters to provide implications on establishing competition strategies.

Strategic Alliance Networks in Korean Construction Industry: Network Structure and Performance of Firms (국내건설기업의 제휴네트워크 : 네트워크 구조와 성과)

  • Kim, Kon-Shik;Shin, Tack-Hyun
    • Korean Journal of Construction Engineering and Management
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    • v.10 no.4
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    • pp.151-164
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    • 2009
  • Strategic alliances developed as formalized inter-organizational relationships are core vehicles to share information, resources and knowledge. The structural characteristics of strategic network constructed by strategic alliances have been important agenda in strategic management discipline. This paper has two folds in analysing the strategic network formulated by project level alliances in Korean construction industry. First, we investigate the strategic network using the tools and methods of social network analysis, such as centrality, cohesion, structural equivalence, and power law. Second, the performance of firms within networks are analysed longitudinally with panel data analysis. We have found that the strategic networks in this industry has scale-free characteristics, where the degree distribution fits the power law, and the vertically equivalent structure is clear. We also present that the performance of firms are continuously affected by the degree centrality of firms in this network for the last 10 years.

A Study on the Performance of TQM Adoption of the Manufacturing Firms (제조기업의 TQM 도입성과에 관한 연구)

  • 양창호
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.21 no.46
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    • pp.103-118
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    • 1998
  • This study closely examines quality management's realities which manufacturing firms have and effective result controls access formula by comparison and analysis on the product of introduction quality control realities and quality management of manufacturing firms in Chollabukdo. In order to accomplish the purpose of this study, this research was progressed as order of literature review and survey. After literature review this study drew up questionnaire on the basis of foregoing literature and executed survey on manufacturing business taking TQM(Total Quality Management) in Chollado's area. The result of analysis are as follows. First, according to the analysis manufacturing of industry's realities, investment in TQM techniques seems to contribute to the performance of manufacturing firms, but most of manufacturing firms quality control do not have strategic orientations. Conseqently, general and strategic quality management system suitable for the realities of manufacturing industry are required. Second, It seems that manufacturing industry didn't recognize strategic importance for competitive advantage. Namely, It was found that firms with less TQM executed non-strategic quality management, compared with firms more TQM.

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The effects of performance, legitimacy, and reference group on strategic positional change - Evidence from North American Crude Petroleum and Natural Gas Industry - (성과 피드백, 정당성, 그리고 준거집단 성과가 리포지셔닝에 미치는 영향 - 북미 원유 및 천연가스 산업 분석을 중심으로 -)

  • Choi, Sung-Ho
    • Management & Information Systems Review
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    • v.36 no.3
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    • pp.17-35
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    • 2017
  • This study investigates the determinants of strategic positional change. Specifically, the study suggests performance feedback affects to a firm's strategic repositioning. Performance feedback is a concept that a firm decides whether success or not by comparing its performance relative to its aspiration level. Prior studies successively discover diverse behaviors. The study suggests three unexplored relationships between performance gaps and strategic positioning. First, when a firm's performance is below relative to its aspiration level, that firm's strategic position will be deviate from the industry norm. Second, as the degree of industrial density increases, the tendency that a firm's strategic position becomes deviate from the industry norm decreases. Third, when the degree of reference group's performance decreases, the tendency that a firm's strategic position becomes deviate from the industry norm decreases. For empirical analysis, this study examines data of 538 firms that in North America crude petroleum and natural gas industry. The result reveals that the direction of a firm's strategic change is shaped when firms' performance is below relative to aspiration level. Also, this relationship is moderated as industrial density changes or when reference groups' performance decreases. This study contributes to the current literature by explaining how a firms' strategic position is decided. Also, this study reveals that reference groups' performance could affect to organizational choice.

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