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Can Managerial Military Experience Affect Corporate Innovation? : Evidence from an Emerging Market

  • Lang, Xiangxiang;You, Dandan;Cui, Li;Peng, Zhe
    • Journal of East Asia Management
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    • 제1권1호
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    • pp.1-27
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    • 2020
  • Military experience has a great impact on a soldier ability to handle risks. Therefore, when those soldiers become managers, they may behave differently in making risky corporate decisions, especially in activities like the R&D investment. However, studies on how military experience affect R&D have been largely missing in the largest emerging economy, i.e. China, despite that the country hires a higher percentage of military managers than the US. In addition, it remains a question whether military managers affect the state-owned enterprises (SOEs) in China, as many of the corporate decisions are made by the government. This paper tries to address these questions. The imprinting theory and the upper echelon theory suggest that managers' personal experience can affect their behaviour, which in turn influences their corporate decisions. In this paper, we examine whether managers with military experience lead to higher R&D investment and whether such an effect exists in state-owned enterprises. Based on a sample of listed firms in China's A-share market over 2008-2017, we make two findings. First, companies with military managers have high R&D investment. By dividing managers' military positions into high and low rank, we find that companies tend to have higher (lower) R&D investment if their managers hold a high-rank (low-rank) position. Second, the effect of high-rank military managers on R&D investment is more pronounced if the manager is also the founder and the company is a non-state-owned enterprise. For low-ranking military managers, a stronger effect on R&D investment is also observed if they are also the founder, but whether their companies are state-owned or not has no impact on R&D investment. This study identifies managers' military experience as a contributing factors to corporate R&D investment in the largest emerging economy. This paper tests an implication of the imprinting theory and the upper echelon theory, i.e., managers' personal experience can affect their behaviour, which in turn influences their corporate decisions. Specifically, we focus on one aspect of personal experience - military experience - and look at whether it is beneficial to firms' technological innovation, therefore enriches the literature of managerial heterogeneity. Our findings on the influence of managers' military experience on firms' technological innovation can help us better understand the role of managers play in corporate decision making, and how managers' individual traits interact with the firm's characteristics.

외식업 창업 자금 및 점포 특성이 창업 동기에 미치는 영향에 관한 연구 - 대구.경북 지역 창업자를 중심으로 - (The Effect of Initial Expenses for Food Service Business and Shop Characteristics on the Motive of Starting Business - Focused on the Founders in Daegu and Gyeongbuk Areas -)

  • 임현철
    • 한국조리학회지
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    • 제14권4호
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    • pp.119-133
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    • 2008
  • This study researched the effect of initial expenses for food service business and shop characteristics on the motive of starting business through questionnaires(from April to May, 2008). The results are as follows. First, for the hypothesis, 'the motive of starting business depends on its initial expenses', the significance probability of good commercial area was .015 and that of retirement was .020, showing statistically significant difference. F values were 2,889 and 2.734 each, which showed significant difference by 0.001. Second, for the hypothesis, 'the motive of starting business depends on shop characteristics', the significance probability of the accomplishment desire, the future stability and the retirement were .011, .009, and .025 each, showing statistically significant difference. F values were 2,616, 3.034 and 3.177 each, showing significant difference by .001. Lastly, initial expenses for business and shop characteristics showed significant difference according to the demographical variables on the motive of starting business. This study shows the problem of starting business with no extra funds. It is important to reflect the opinions of founders about the commercial building lease protection law for them to concentrate on business. The founders should research for menu and systems and be aware of the tendency of the industry for sure.

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A Study on the Effects of Small Enterprise Start-up Preparatory Factors on Business Performance

  • Kim, Seung-Hee;Kim, Young-Ki;Choi, Shin-Hea
    • 산경연구논집
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    • 제8권5호
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    • pp.23-33
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    • 2017
  • Purpose - The present study aims to examine the relationship between small enterprise start-up preparatory factors and increases in sales and operating profits, which are business performances utilizing the National Survey of Actual Conditions of Small Enterprises conducted by the Small Enterprise, Market Service. Research design, data, and methodology - Start-up preparatory factors were divided into six types; business type, start-up history, start-up motives, preparatory periods, and start-up funds to figure out the relationship between sales and operating profits with regression analyses. Regression analyses were conducted based on the foregoing with a view to identifying the effects of start-up preparatory factors on business performance. Results - Since start-up preparatory factors generally affect business performance, it was identified that start-up preparatory factors importantly affect operating profits and sales, which are business performances. However, start-up preparatory periods and the implementation of education among preparatory activities were shown to have no effect on business performances, and the effect of the ratio of start-up fund provided by the founder on operating profits was shown to be not significant. Conclusions - The present study comprehensively examined those start-up preparatory factors that have positive effects on business performances after start-up. The present study is meaningful in that it can provide positive implications for efficient start-up of small enterprises hereafter.

예비창업자의 심리적 특성, 창업준비 특성이 창업의도에 미치는 영향 (Psychological Characteristics of Pre-founders, Characteristics of Start-up Preparations Impact on Entrepreneurship Intention)

  • 강선자;변상해
    • 벤처창업연구
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    • 제12권4호
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    • pp.85-96
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    • 2017
  • 우리나라는 글로벌 금융위기 이후 저성장과 경기 침체로 인해 고용의 불안이 증가되면서 창업으로 이어지는 사람들로 많아지고 있다. 이에 본 연구는 앞으로 창업을 하고자하는 예비창업자들에게 필요한 상황과 방향을 제시하고자 한다. 연구의 목적은 예비창업자의 심리적 특성, 창업준비 특성이 창업의도에 미치는 영향에 대하여 규명하고자 한다. 본 연구를 하기 위해 인천지역 직장인의 고용에 불안한 비정규직과 퇴직을 앞둔 남성 144명과 여성 114명으로 설문조사 258개 데이터 사용하여 타당도와 신뢰도를 분석 하였다. 연구결과 예비창업자의 심리적 특성과 창업준비 특성에서 창업교육의 조절효과를 상호작용으로 투입 분석한 결과 위험감수성향과 창업준비 기간이 창업교육에 유의한 결과로 나타났다. 또한 창업교육의 필요성과 중요성을 높게 인식할수록 창업교육에 미치는 영향은 높은 것으로 나타났다. 창업을 하고 싶지만 실패에 대한 두려움을 가진 조사 대상자들에게도 자신감을 줄 수 있는 의미 있는 연구라 할 수 있다. 앞으로 예비창업자들에게 창업의도에 미치는 영향을 분석 창업을 하기 전 자신감을 부여하며 정부의 창업제도 정책에 기여할 것으로 기대한다.

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창업가의 디지털 역량이 창업기업의 지속가능성에 미치는 영향: 창업가 혁신성의 매개효과를 중심으로 (The Effect of Digital Competencies on Start-up Companies' Sustainability: Focusing on the Mediating Effect of the Entrepreneurial Innovativeness)

  • 경성림;김용호
    • 디지털융복합연구
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    • 제20권4호
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    • pp.405-410
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    • 2022
  • 디지털 혁신으로 비대면 경제가 활성화되면서 산업의 경계가 모호해지고 산업 간의 융합으로 새로운 창업기회가 발생하고 있다. 따라서 디지털 시대에서 데이터를 획득하고 분석하며 활용할 수 있는 디지털 역량은 기업의 성공여부를 좌우한다. 이에 본 연구에서는 창업기업의 지속가능성장에 영향을 미치는 선행요인으로 창업자의 디지털 역량과 혁신성에 초첨을 두고 이들 간의 영향관계를 규명하고자 한다. 이를 위해 창업자들의 대상으로 설문조사를 진행하였고, 실증분석을 통해 가설 검증을 진행하였다. 분석결과에 따르면, 창업자의 디지털 역량은 창업자의 혁신성에 유의한 정(+)의 영향을 미치고, 창업자의 혁신성은 창업기업의 지속가능성에 유의한 정(+)의 영향을 미치는 것으로 나타났다. 또한 창업자의 혁신성은 이들 간의 관계를 매개하는 것으로 검증되었다. 본 연구는 창업기업의 지속가능성장에 영향을 미치는 선행요인을 규명하는 점에서 연구가치가 있다.

Kyocera Corporation

  • Suematsu, Chihiro
    • 기업가정신과 벤처연구
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    • 제20권4호
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    • pp.33-38
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    • 2018
  • Kyocera Corporation is an electronic device, information equipment, and telecommunications equipment manufacturing company headquartered in Kyoto, Japan. The company's success has depended on its differentiated technology in ceramic manufacturing at the first stage. This technology was first sold to produce a part in TV CRT monitors, which boomed in the 1960s right after the company's launch. Since its founding in 1959, the company has been continuously exploring technological, product, and business development backed by its strong entrepreneurial mindset. This mindset is nurtured by the "Kyocera philosophy," the most important vision and motto of the company, which educates and encourages employees to grow themselves, respect others, and behave for all. This philosophy was advocated by the founder, Kazuo Inamori.

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Building Green Entrepreneurship: A Journey of Environmental Awareness to Green Entrepreneurs in Thailand

  • Tesprasit, Kornthong;Aksharanandana, Pakatip;Kanchanavibhu, Athikom
    • Journal of Information Technology Applications and Management
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    • 제27권5호
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    • pp.35-47
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    • 2020
  • Global waste has become a global issue and we can see the new trend of discovery businesses established to focus on solving the waste problem using new renewable energy technology and the circular economy business model. This paper aims to study factors that impact green entrepreneurship in Thailand, such as environmental concern, organizational environment, founder demographics, education background, entrepreneurship awareness, as well as external factors of a business. The study analyzes the data from three qualitative in-depth interviews with green entrepreneur founders who started the businesses in polymer up-cycling, waste management, and renewable energy. The study finds overseas educational background to be one of the key main drivers for the entrepreneurial courage to decide to pursue a new business venture. By having the exposure toward the different culture, three entrepreneurs hands-on experiential learning through three key drivers who are composed of the can-do attitude, the willingness to be self-employed, and the way of seeking for the freedom to express their passions.

신뢰성 향상을 위한 40 발명원리의 활용 (40 Inventive Principles in Reliability Enhancement)

  • 정해성
    • 한국신뢰성학회지:신뢰성응용연구
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    • 제12권4호
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    • pp.239-253
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    • 2012
  • The founder of TRIZ, Genrich Altshuller, discovered forty patterns of inventive solutions, known as 40 Inventive Principles, extracting them from tens of thousands of technical patents. It was found further that 40 Inventive Principles are applicable not only for every technical field, but also for non-technical spheres - finance, business, management, marketing, social relations, education and etc. This paper extends the area of reliability through TRIZ. Enclosed are several examples how 40 Inventive Principles have been used in the reliability enhancement in the literature.

A Study on the Organizational Culture and Performance of Xiaomi Corporation

  • Piao, Xue-Lian;Choi, Myeong-Cheol;Shang, Xian-Fa;Han, Joo-Hee;Pan, Xing-Chen
    • International Journal of Advanced Culture Technology
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    • 제9권1호
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    • pp.52-57
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    • 2021
  • Most internet companies in China are learning from Xiaomi Corporation's management model and to improving their organizational structures and human resource management practices. This study analyzed the development situation of Chinese Internet economy and the Internet thinking of Xiaomi which is a role model of Chinese Internet companies. In addition, we studied Xiaomi's organizational structure, human resource management, employee training, performance management and incentive system. In particular, Xiaomi's human resource management system has a great influence on the company's high performance and efficient service culture. Furthermore, the organization of Xiaomi is horizontally divided into three floors (7 key founders, department heads, and employees), each floor is managed by one founder. Xiaomi is interested in and considers not only the work of new employees, but also personal issues, and is concerned with the work of others in performance management and shares responsibility. Xiaomi adopts a unique and rational human resource management model, guaranteeing a lot of work autonomy for employees, and improving organizational performance.

외식업경영자들의 외식창업과정과 외식마케팅관리가 영업지속기간에 미치는 영향 - 광주광역시 중심으로 - (The Effect of Founding Process of Foodservice Business and Foodservice Marketing Management on the Duration of Business - Focused on Kwangju City -)

  • 김용완;김희기
    • 한국조리학회지
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    • 제19권1호
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    • pp.42-56
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    • 2013
  • 본 연구는 외식사업을 하고 있는 경영자와 창업자들의 마케팅에 관한 방법과 활동이 영업지속기간과 경영성과에 어떠한 영향을 미치며 이들의 창업에 대한 인식과 마케팅의 방법에 따라 영업지속기간과 경영성과도 달라지리라는 것을 알아보고자 하였다. 때문에 본 연구에서는, 첫 번째, 외식업체는 마케팅관리에 영향을 미칠 것이다. 두 번째 마케팅관리는 경영실적에 영향을 미칠 것이다. 셋째, 외식창업은 경영실적에 영향을 미친다. 넷째, 마케팅관리는 지속기간에 영향을 미친다. 다섯째, 경영성과는 외식업지속 기간에 영향을 미칠 것이다. 라는 가설하에 본 연구를 실시하였다. 연구결과 모든 가설은 채택이 되었음을 알 수가 있다. 때문에 마케팅 활동, 마케팅 비용, 마케팅인식 등 외식사업의 경영기법에 따라 선진경영을 할 수 있도록 지속적으로 개선 연구하여야 하며, 그리고 창업시의 마케팅이 창업자에게는 중요한 요소임을 발견 할 수 있었다. 따라서 외식업 창업이나 경영을 하고자 하는 자는 마케팅관리 등에 많은 인적 물적 정성을 기울여야 할 것으로 보인다.

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