• 통상정보연구
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• 제11권1호
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• pp.239-264
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• 2009

As the competitive market environment and industry circumstances become more and more competitive on a daily basis, it is not easy to find an opportunity to initiate small business, or increase performances of Small and Medium Business. The research findings are as follows. First, entrepreneurship(innovation, progressive, social responsibility) has significant effects on the market orientation. Second, company competence(individual resource, technology resource) has significant effects on the market orientation. Third, market orientation has significant effects on the non-financial performance(Internal process performance, learning & growth performance, customer performance). Finally, non-financial performance(Internal process performance, learning & growth performance, customer performance) has significant effects on the financial performance.

• International Journal of Fuzzy Logic and Intelligent Systems
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• 제16권1호
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• pp.52-58
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• 2016

This paper categorized Korean small and medium businesses' global capabilities based on the preceding studies about the global capabilities and then, examined how their global capabilities would affect their competitive advantages and business management performances. As a result of testing the research model, it was found that the small and medium businesses' global capabilities had some significant effects on their competitive advantage (p<.001). On the other hand, the global capabilities had some positive effects on the business management performances and the mediating effects were significant (p>.05), which means that the competitive advantage has some mediating effects on the correlation between the global capabilities and the business management performances. Accordingly it was possible to analyze the correlation between global capabilities of small and medium businesses and their competitive advantage and thereby, provide for an opportunity to shift the paradigm of the global competition strategies.

• International Journal of Computer Science & Network Security
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• 제22권9호
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• pp.69-74
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• 2022

The main purpose of the study is to determine the features of state regulation of the hotel and restaurant business in the digital economy. Particularly relevant are the processes of digitalization of the service sector. Trade and transport companies, enterprises in the hotel and restaurant industry, catering got the opportunity to expand the target audience, improve the quality of service, develop at an accelerated pace, take into account that in the global digital economy, victory will go to those whose arsenal will involve a large number of high-quality digital platforms. As a result of the study, key aspects of state regulation of the hotel and restaurant business in the digital economy were identified.

• 한국산업정보학회논문지
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• 제15권5호
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• pp.287-298
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• 2010

As business needs are accelerating exponentially due to globalization and other market forces, companies regardless of its size need data which can operate flexibly and rapidly across disappearing physical and organizational borders. To meet the growing Enterprise Resource Planning [ERP] needs for small and medium sized firms, large ERP vendors have introduced new and inexpensive products to these markets. They can customize to businesses of all sizes as long as they have the need for the services and the budget to support the system. Based on the observations in this research, most ERP vendors, regardless of their size, are now focusing more on improving the implementation curve and reporting capabilities through compartmentalizing business applications along industry verticals. Also ERP systems are becoming more open thereby consultants and subject matter experts now have the opportunity to create modules based upon verticals to form a best-of-breed ERP implementation. of enterprises.

• 아태비즈니스연구
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• 제13권4호
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• pp.123-134
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• 2022

Purpose - The purpose of this study is to investigate the effects of entrepreneurial motivation, self-efficacy, and entrepreneurial orientation on the performance of Mongolian entrepreneurs. Design/methodology/approach This study collected data from a survey on 236 entrepreneurs in Mongolia and investigate research hypotheses by empirical analysis. Findings It was found that entrepreneurial motivation (independence, opportunity-driven, achievement motivation) had a positive effect on the startups' performances, and necessity-driven motivation did not have a significant effect on the startups' performances. Entrepreneurial self-efficacy and entrepreneurial orientation had a positive effect on performance of startups. There are differences by gender on the relationships between entrepreneurial motivations and startup performances. Research implications or Originality This paper investigates the effects of entrepreneurial motivation, self-efficacy, and entrepreneurial orientation on the performance of startups in Mongolian.

• Asia Marketing Journal
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• 제26권1호
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• pp.11-22
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• 2024

In the uncertainty fueled by the COVID-19 pandemic, mergers and acquisitions (M&As) have emerged as key strategic responses by firms. This study explores the impact of M&As on acquirers' firm value, utilizing a firm-level panel dataset from SDC Platinum. Empirical evidence recognizes the potential negative impact of transaction value in M&As and the pandemic's effect on market uncertainty that may occasionally exacerbate the adverse influence on acquirers' firm value. The findings indicate that effective marketing strategies, such as enhancing consumer awareness through increasing advertising expenditures, can counterbalance these influences, particularly during uncertain times. This study accentuates the importance of adaptability and a responsive marketing approach in managing M&As during a global crisis. It provides valuable perspectives on consumer awareness in strategic decision-making, offering insights for both academic and business communities and focusing on actionable strategies for navigating the global market turmoil transformed by COVID-19.

• 신재생에너지
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• 제7권2호
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• pp.18-27
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• 2011

Management flexibility to adapt its future actions in response to altered future market conditions can expand the value of an investment opportunity by improving its upside potential without the change in the downside losses. Module manufacturers in solar industry continuously have to decide how much and when its production capacity should be expanded with regards to the demand in the global markets. Either over- or under-investment can cause sunk and/or opportunity costs to the module manufacturers. Option of exercising the additional investments only on favorable opportunities can increase total value of the investment. This paper analyzes the case which shows that the expansion of production capacity with more expandibility can have more value than the rigid plan of capacity expansion. The expansion option value is equivalent to KRW 38.286 billion, thus switching the negative NPV of the initial investment opportunity into the positive value. High volatility and the high growth in the cashflows as the major business features of the renewable energy provide condition where real options can play the crucial role in increasing the investment value as well as in determining the size and timing of capacity expansion in the course of capital budgeting process.

• The Journal of Asian Finance, Economics and Business
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• 제7권3호
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• pp.157-165
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• 2020

This paper estimates the optimum level of reserves in Vietnam based on the approach of reserves' cost-benefit and sovereign risk which is one of developing countries' characteristics. The cost of reserves is the opportunity cost when holding reserves. The benefit of reserves is the loss due to country's default in case that there is no reserves to finance external debt payment. The optimum reserves is found out by minimizing the total of opportunity cost and loss due to country's default with the probability of default. Through the usage of HP Filter method for calculating the loss due to country's default, ARDL regression for the risk premium model and lending rate of VND as proxy for opportunity cost together with the Vietnamese economic data in the period of 2005 - 2017, the empirical results show that the optimum reserves in Vietnam is almost higher than the actual reserves during the research period except the point of Q3/2008 and the last point of research period - Q4/2017. Therefore, Vietnam should continue to increase reserves for safety but Vietnam does not need pushing quickly the speed of increasing reserves. In addition, controlling Vietnamese optimum reserves is necessary to help the actual reserves become reasonable.

• 산경연구논집
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• 제8권3호
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• pp.23-36
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• 2017

Purpose - In this study, dating in the elderlys' life gave satisfaction: for elderly men, dating gave them self esteem, and in women they were satisfied with the realities. This study investigated the effect of dating in the elderly on their happiness. Research design, data, and methodology - These days, the elderly population rapidly increased to produce a social issue and studies of such in welfare policy for the elderly are limited. The elderly has lost roles in the society because aged people give up human reason and love in accordance with the traditional expectations of them. Subjects in this study were related with investigating the elderly's dating life, loneliness and happiness. Results - The date life of the elderly had significant influence upon psychological loneliness. Hypothesis was adopted and results showed the degree of elderly's dating life had a significant influence upon psychological loneliness (.230**) to account for 13.2% of psychological loneliness. Needs of dating elderly had influence upon psychological loneliness. Conclusions - Psychological loneliness was mediated with dating in the elderly for opportunity and happiness. Hypothesis was that the dating had influence upon happiness. As a result, date opportunity, degree, needs and friendliness had no significant influence upon happiness.

• 벤처창업연구
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• 제13권3호
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• pp.71-83
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• 2018

최근 앙트러프러너십을 독자적인 학문의 영역으로 정의하고자하는 노력들이 진행되고 있다. Shane & Venkataraman 등의 학자들은 앙트러프러너십의 연구가 창업자가 되기 위한 사람들에 대한 관심에서 창업가 기질이 있는 개인과 가치있는 기회의 결합을 이해하는 것 쪽으로 옮겨져 가고 있다고 하였다. 한국은 대학을 기반으로 기업가정신교육 또는 창업교육이라는 이름하에 교육이 확산되고 있는 실정이며, 2010년 국내 최초로 숙명여자대학교에서 앙트프러너십 전공학과가 생성되기도 하였다. 기존의 연구를 통해 창업교육이 창업의지에 긍정적인 영향을 미친다는 다수의 연구 결과가 발표되었으나, 창업학의 학문적 차별성이라 주장하는 'Opportunity'에 대한 연구는 미흡한 실정이다. 또한, 국내 유일의 앙트러프러너십 전공생들을 대상으로 앙트러프러너십 교육의 품질요인이 전공생들의 기회인식에 어떠한 영향을 주는지, 또한 창업자기효능감 및 교육의 몰입도에 따라 어떠한 영향을 미치는지에 밝혀진 바는 없다. 본 연구를 통해 앙트러프러너십 전공교육의 만족도가 창업기회인식에 어떠한 영향을 미치는지 검증하고, 교육의 몰입도에 따라 창업기회 인식의 매개효과에 대해 살펴보고자 한다. 설문은 2주간 실시되었으며 총 84부가 회수되었고 회수된 설문 전체를 R프로그램을 통해 통계 분석 하였다. 분석결과 교육의 만족도가 창업기회인식에 긍정적인 영향을 미치는 것으로 나타났으며, 몰입도는 교육만족도가 창업기회인식에 미치는 영향에 있어 완전매개효과가 있는 것으로 나타났다. 이러한 분석결과를 통해 앙트러프러너십 교육을 받은 전공생들의 창업기회를 발견하는 것에 지각된 역량이 높아지는 것이 확인되었고, 이에 몰입도가 교육의 만족과 창업기회 인식의 관계에 있어 중요한 역할을 하고 있음을 실증 분석을 통해 확인하였다. 전공자들의 창업교육 만족도와 몰입을 통한 창업기회 인식은 향후 창업활동으로 기대할 수 있을 것이다.