• Title/Summary/Keyword: business effectiveness

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The Impact of Workplace Culture on Employee Retention: An Empirical Study from Lebanon

  • USHAKOV, Denis;SHATILA, Khodor
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.541-551
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    • 2021
  • One of the most important aspects of any firm is to motivate its employees to go the extra mile. In order to do work properly, people must be motivated. The total effectiveness and efficiency of workers, as well as a company's performance, is directly related to the degree of motivation of those who work there. On the other hand, demotivated personnel do not put much effort and, when they get a better opportunity, leave their places of employment. For Survey, this study used online Google forms to collect data from September 2021 to October 2021. The target demographic for the research was those who worked for Lebanon's private businesses. The poll was conducted in English, the second language of Lebanon. Furthermore, 179 workers (N = 179) were utilized for this research. The research suggests that fun events and support for fun managers enable workers to connect informally and help people know each other better, creating an environment that promotes friendship building. Based on these connected reasons, fun activities and the support of managers for fun are considerably linked to turnover.

Does the supervisor-subordinate relationship affect the effectiveness of transformational leadership on organizational commitment?

  • HONG, Gahye;KIM, Eunmi
    • Fourth Industrial Review
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    • v.1 no.2
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    • pp.1-8
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    • 2021
  • Purpose - By suggesting relational distance between supervisor and subordinate, this study examines the boundary condition of the impact of transformational leadership and organizational commitment in Korea. Research design, data, and methodology - We collected survey data from employees in various industries in Korea. A total of 241 employees participated in this study. We conducted the hierarchical linear regression and confirmed moderating effects of relational distances (democratic, structural and affective distance) on the relationship between transformational leadership and organizational commitment. Result - The results from 241 Korean employees show that transformational leadership is positively related to organizational commitment. Further, this relationship was moderated by structural distance and affective distance between supervisor and subordinate. Conclusion - This study shed new light on how exercising transformational leadership can help raise employees' organizational commitment. Organizations should be concerned about the various relational distance between supervisor and subordinate.

Identifying Factors Affecting Dental University Hospitals' Profitability (치과대학병원 수익성에 영향을 미치는 요인 분석)

  • Lee, Ji-Hoon;Kim, Seong-Sik
    • Korea Journal of Hospital Management
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    • v.26 no.2
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    • pp.17-26
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    • 2021
  • Purposes: This study aims to identify factors affecting dental university hospitals' profitability and understand recent their business condition. Methodology: Data from 2016 to 2019 was collected from financial statement, public open data in 8 dental university hospitals. For the study, multiple regression test with stepwise selection was applied. Findings: First of all, 9 out of 19 independent variables were selected by stepwise selection. As a result of multiple regression test with selected independent variables and the dependent variable(operating profit margin ratio), the factors affecting hospitals' profitability were the number of dental unit chair, hospital location, debt ratio, total capital turnover ratio, employment cost rate, material cost rate, management expense rate, the number of patient per a dentist. Practical Implication: To improve dental university hospitals' profitability, hospitals specifically analysis and manage their cost such as employment, material and management cost and seek effectiveness by managing the proper number of patient per a dentist.

Designing and Utilizing a Smart Factory Roadmap for CEOs: Leveraging from University-Industry Research Collaboration (경영자를 위한 스마트팩토리 구축 로드맵 설계 및 활용)

  • Park, Jongpil
    • Journal of the Korean Society of Industry Convergence
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    • v.21 no.6
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    • pp.285-299
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    • 2018
  • Recently much attention in building smart factory has been dramatically increased. Despite the growing interest in smart factory, few practical guidelines exist how to successfully build smart factory. The purpose of this study is to postulate and develop a road map for building successful smart factory. To enhance mundane realism, we design the road map through University-Industry research collaboration. Specifically, drawing analysis of University-Industry research collaboration, we design a prototype and detailed road map or building successful smart factory. Moreover, we apply the road map into actual smart factory development. By doing so, we successfully prove the effectiveness of the road map. Therefore, this study provides the valuable guidelines and directions to build a successful smart factory. Ultimately this study is able to help a variety of factories which establish and implement smart factory. Further, we hope that this study will be placed to be an important foundation research on behalf of smart factory building.

Unusual Suspect of Societal Innovativeness in Online Social Innovation Community: A Network and Communication Framework

  • Lee, Jemin Justin;Cheon, Youngjoon;Han, Sangyun;Kwak, Kyu Tae
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.12 no.12
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    • pp.5841-5859
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    • 2018
  • The widespread adoption of the social computing paradigm has ushered in the development of online social innovation community (OSIC) as a promising method for solving social problems. Previous studies have not explicitly considered the conceptual factors that facilitate these communities' users' innovative activities, so it is vital to conduct empirical studies to verify the effectiveness of these factors. In this paper, the primary goals are to construct a theoretical model of the social innovation and empirically verify the casual relationship between theoretical factors and societal innovativeness. A survey of 398 OSIC users was conducted to empirically validate the theoretical model. The causal relationships between network characteristics and social innovativeness were experimentally tested. The results of this study indicated that ambiguity, switching, and multiplexity are important factors that facilitate social innovativeness, which contradicts the prior assumptions about innovation performance.

Evaluating a Technology Transfer and Commercialization Support Program: A Korean Case Study

  • Park, Mun-Su;Chang, Soonwoo Daniel
    • Asian Journal of Innovation and Policy
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    • v.9 no.3
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    • pp.257-280
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    • 2020
  • The study analyzed the effectiveness of a technology transfer and commercialization support program to Korean technology transfer offices and firms. The study created a logic model to design a questionnaire to analyze how the support program, directly and indirectly, affected the technology transfer offices and the firms' performances. The study found that technology transfer offices are focused not only on potential firms' excavation activity to process the technology transfer but also on providing strategic support to provide practical assistance to the firms' needs. Not only has the number of technology transfer cases increased during the two-year program duration, but other activities, such as technical guidance and various strategic consulting for commercialization of the transferred technology, have also appeared to have increased considerably. Support program has helped strengthen the firms' internal capabilities, expand new market capabilities, and increase the firms' indirect performances.

Examining the Effects of Job Roles in Small and Medium Business Corporation on Smart Manufacturing Employee Training (스마트제조 인력양성에 대한 제언 : 중소제조기업 구성원의 특성을 중심으로)

  • Park, Sangwoo;Lee, Jongkil;Jung, Dongyul
    • Journal of Information Technology Services
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    • v.20 no.3
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    • pp.13-25
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    • 2021
  • The article presents the results of how employee's hierarchical job roles differently recognize a SM(smart manufacturing) and evaluate comprehensively on the SM employees training. The research was focus on small and medium size manufacturing corporation in Banwol·Siwha industrial complex, where is carried out Smart Complex National Policy. The Results from 205 participants working for a manufacturing firms in the Banwol·Siwha industrial complex. The results of study show that managers (vs workers) group is higher recognition of smart manufacturing and more intention to participate a SM employee training and utilize a SM equipments for test a manufacturing process. and these variables were mediated by SM cognition. These results will help SM manpower training center strategically design their training programs to maximize the training effectiveness.

Peer Network Based Shopping Mall Supporting platform with Metaverse Technique

  • Kim, Sea Woo
    • International Journal of Internet, Broadcasting and Communication
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    • v.14 no.3
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    • pp.222-229
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    • 2022
  • Through this technology development, companies that operate online shopping malls and prospective startups will support education, consulting and expert group matching so that they can solve various issues that may arise in the course of the entire business life cycle, from startups to closures. It is expected that differentiated consulting programs will be designed for companies that currently operate shopping malls and start ups, and customized consulting programs will be provided to improve the effectiveness of consulting while improving customer satisfaction. It is planning to develop a "successful start-up and operation helper" that helps successful start-ups. It is a system that primarily diagnoses problems of prospective entrepreneurs and operators through an automation system at the start-up and operation stage, and professional consultants participate to derive and solve problems, and takes care of all stages of shopping mall birth and growth. In this paper Metaverse based shopping mall Creation is also discussed. Through Big Data creation these accumulated data, we intend to help operators start and operate shopping malls through accurate information by managing all knowledge of shopping malls as a system in the long run.

Rapidly Spreading Logistics Robot Applications (급속 확산되는 물류현장의 로봇적용 사례)

  • Kwak, Kyungmin;Park, Buhm;Go, Eunji;Yoon, Chuljoo;Kim, Kyunghoon
    • The Journal of Korea Robotics Society
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    • v.17 no.4
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    • pp.387-396
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    • 2022
  • Logistics industry still heavily relies on human labor in many field processes. However, robot applications in logistics are rapidly increasing, encouraged by technological progresses in robotics and cheaper robot solutions from competition between robot suppliers. Effectiveness of logistics automation are higher productivity for cost reduction and increased process capabilities for better profit, which is witnessed in many fields of logistics industry. In this paper, differences in logistics services - contract logistics, parcel, and fulfillment - are addressed, and characteristics and issues in application of various kinds of logistics robots such as AGV, AMR, ASRS, box/piece handling robots and robotic wearable devices are discussed. The advantages from flexibility and scalability of logistics automation by robots will benefit the future logistics business.

A Study on Design Concept of an App with Matching Enneagram and Character

  • Park, Jongjin
    • International Journal of Internet, Broadcasting and Communication
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    • v.14 no.1
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    • pp.19-24
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    • 2022
  • "Know thyself" is one of the most famous ancient proverbs. We need to know ourselves to understand others and find true ourselves. Enneagram is one of the tools we can use to do it. It has drawn more and more attention from people by its effectiveness and spiritual depth. It has been widely promoted in both business management and spirituality contexts. It has many concepts to be understood. Holy ideas and virtues are understood to be restored to find our true self which is the purpose of using the Enneagram. Actually, holy ideas and virtues are similar with character qualities which comprise character. In this paper, holy ideas and virtues are matched with corresponding character qualities. To promote transformative process of character development through Enneagram, an app was designed. It has 2 levels. Level 1 is to find personality type and show corresponding character qualities of 9 personality types to users. Level 2 is to find subtypes and Enneagram Levels of Development for further purpose.