• Title/Summary/Keyword: cost-competitiveness

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An examination of Porter`s competitive strategy on the virtual market: comparison between on-line and on-offline firms (가상시장에서 Porter의 경쟁우위전략: 온라인 기업과 온-오프라인기업간 비교를 중심으로)

  • Nam, Ki-Chan;Koo, Chul-Mo;Gee, Seung-Goo
    • Asia pacific journal of information systems
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    • v.12 no.4
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    • pp.173-192
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    • 2002
  • Internet-based on-line firms have focused on the development of new business models with an assumption that this new model would create their competitiveness. At the same time, off-line firms have opened new marketing channels on the internet in order to defend their position against on-line firms. Based on Porter's well-known generic strategy, this study compares between on-line firms and on-offline firms i) whether these two types of firms take different strategies among cost reduction, marketing differentiation, innovation differentiation, and focus and ii) how the performance of these two types of firms is affected by different strategy types. The result shows that on-offline firms prefer the strategy of marketing differentiation and innovative differentiation while the strategy of cost reduction and focus are taken without significant difference between online firms and on-offline firms. Also it is found that even though the strategy of marketing differentiation and innovation differentiation are more preferred by on-offline firms than on-line firms, these two strategy types have a significant influence on the on-line firms' performance while the focus strategy has a significant influence on the on-offline firms' performance. Other managerial implications are discussed.

Development of a DMU System Operated on a PDM System (PDM 시스템에서 운용되는 DMU 시스템 개발)

  • 이강수;이상헌
    • Korean Journal of Computational Design and Engineering
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    • v.8 no.3
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    • pp.157-166
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    • 2003
  • In this paper, we explain the DMU (digital mockup) system based on the PDM system. Most manufacturing companies are trying to develop a competitive product by increasing the quality, shortening time to market (TIM) and reducing the cost of a product. Some technologies such as SE (System Engineering), CE (Concurrent Engineering), QFD (Quality Function Development), CI (Cost Innovation) and some systems such as CAD (Computer-Aided Design), CAE (Computer-Aided Engineering), CAM (Computer-Aided Manufacturing), PDM (Product Data Management) and visualization system are adopted for these purposes. Specially, DMU system utilizes a visualization system that shows the 3D shape of a product on the computer and it gives a quick intuition to a person whether he/she is an engineer or not. It also can induce the effects of CE and QFD. SO, 0 company is developing a DMU system integrating CAD, visualization and PDM system. The main feature of the developed DMU system is that it is entirely integrated with PDM system, which means that the 3D shape of any part or assembly can be retrieved through PDM system. The DMU system will change the development process, which will increase the competitiveness of a developed product.

Design of an Organic Simplified Nuclear Reactor

  • Shirvan, Koroush;Forrest, Eric
    • Nuclear Engineering and Technology
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    • v.48 no.4
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    • pp.893-905
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    • 2016
  • Numerous advanced reactor concepts have been proposed to replace light water reactors ever since their establishment as the dominant technology for nuclear energy production. While most designs seek to improve cost competitiveness and safety, the implausibility of doing so with affordable materials or existing nuclear fuel infrastructure reduces the possibility of near-term deployment, especially in developing countries. The organic nuclear concept, first explored in the 1950s, offers an attractive alternative to advanced reactor designs being considered. The advent of high temperature fluids, along with advances in hydrocracking and reforming technologies driven by the oil and gas industries, make the organic concept even more viable today. We present a simple, cost-effective, and safe small modular nuclear reactor for offshore underwater deployment. The core is moderated by graphite, zirconium hydride, and organic fluid while cooled by the organic fluid. The organic coolant enables operation near atmospheric pressure and use of plain carbon steel for the reactor tank and primary coolant piping system. The core is designed to mitigate the coolant degradation seen in early organic reactors. Overall, the design provides a power density of 40 kW/L, while reducing the reactor hull size by 40% compared with a pressurized water reactor while significantly reducing capital plant costs.

Infrastructure Investment for Enhancement of Global Competitiveness (국가경쟁력제고를 위한 SOC투자 방안)

  • Lee, Sun
    • Journal of the Korean Professional Engineers Association
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    • v.38 no.1
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    • pp.44-51
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    • 2005
  • A recent study conducted by KOTI reported that regional and urban read congestion costs in Korea are continually rising in the ranges between 3.1% thru 4.1% of GDP in the every respective year during the past 10 years. The report explicates that the congestion problem has motivated sharp raise of the logistics expenditure from 4.4% of GDP in the year of 1998 to 16% in the year of 2003. Even though, the government has allotted annual budget in the ranges between 2.7% and 3.7% of GDP to the SOC investment for the consecutive years of past decade, the amounts are however far less and insufficient to meet with social requirements and its demands. The cost of logistics has been excessively went up much higher rate than that of other industries and that of 9.6% in Japan and United States respectively It is obvious that the high logistics cost could be a detrimental factor to fierce emulation with others in the global trade market. Therefore it is an essential matter to eliminate or exclude all the probable sources that might cause or create extra costs on logistics. In consideration of such situation in Korea, the SOC investment with private capital could be a best cogitable scheme to acquire its prompt demand solutions and stimulate the emulation ability in the international trade market what's more betterment for all of our quality life in the near future.

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The Impact of Market Orientation Indices, Marketing Innovation, and Competitive Advantages on the Business Performance in Distributer Enterprises

  • Javanmard, Habibollah;Hasani, Hoda
    • The Journal of Industrial Distribution & Business
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    • v.8 no.1
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    • pp.23-31
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    • 2017
  • Purpose - Market orientation is a key factor for business performance in today's fluctuating conditions. This study investigates whether the employment of innovation can improve the innovative capability and increase the performance by gaining competitive advantages or not. Therefore, this study aims to investigate the effects of market orientation on the performance of small and medium size distributer enterprises (SMDEs) in Iran. Research design, data, and methodology - Customer orientation, Competitor orientation, and Inter-functional coordination have been regarded as market orientation indices to determine the effects of these indices on marketing innovation, gaining competitive advantages, and companies' performance as well. Data were collected from managers and experts in SMDEs in Iran. The structural equations modeling are used for analysis. Results - The results indicated that marketing innovation has been improved in competitive companies that enjoyed a high level of Inter-functional coordination among the various units. Besides, marketing innovation resulted in gaining competitive advantages regarding cost management, concentration, and differentiation in these companies. In addition, it was observed that SMDEs that obtain competitive advantages are equipped to reap superior performance. Conclusions - With cost management, differentiation and concentration are more likely to enhance the enterprise efficiency and effectiveness than other companies. Additionally, competitiveness, inter-functional coordination, and marketing innovation in SMDEs have a positive impact on marketing innovation.

Factors Influencing the Decision of Vietnamese Students to Study English in the Philippines

  • TRAN, Van Dat;BUI, Vu Linh Chi
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.595-606
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    • 2020
  • This paper aims to develop a conceptual framework for evaluating the impact of factors influencing the decision of Vietnamese students to study English in the Philippines. The empirical analysis used data from the survey data of 318 respondents living in Vietnam. Comprehensive, valid, and reliable tools (SPSS 26 software) are used to analyze and verify the gathered data, and the hypotheses developed. The results identified the factors that affect the decision of Vietnamese students to study English in the Philippines include knowledge and awareness, personality recommendation, cost issues, environment, geographic proximity, and social link. Based on the overall findings of this study, several implications are presented for educational practices in academies and schools about English teaching in the Philippines. To increase the ability to get students to study English in the country, it is important that schools or academies must understand the demands of students regarding the academic environment, and in particular, to know what factors determine the decision from the customers' point of view. This study contributes significantly to the understanding of agencies and educational managers about the student's choice behavior in the context of the need to improve foreign languages and, thus, help improve the competitiveness of agencies and English schools.

On the Standardization of FRP Ships for the Cooperative Production System (강화플라스틱선의 협동화 생산시스템 운용을 위한 표준화 연구)

  • Na, Seung-Soo;Kim, Young-Hun;Kim, Keun-Cheol
    • Journal of the Society of Naval Architects of Korea
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    • v.42 no.3
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    • pp.276-283
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    • 2005
  • The cooperative production system was proposed as an efficient production system to reduce the ship construction cost and to enhance the competitiveness for small/medium sized shipbuilder in the previous paper. In viewpoint of cooperative production system, the specialization of the FRP ship sizes has already been accomplished to reduce the number of the hull molds by FRP shipbuilders of the Sapjin industrial complex located in Mokpo area in 2003. There also exist lots of effective methods, as a cooperative production system, to cut down the construction cost. In this study, an effective production system in connection with the super structure and outfitting members is proposed such as the standardization of those items and specialized company which intensively produces the super structure and outfitting members at the collectivization area for cooperative work.

Market Efficiency Analysis between Facility-Based and Service-Based Competition

  • Seo, Il-Won;Lee, Duk-Hee;Kim, Byung-Woon
    • ETRI Journal
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    • v.30 no.4
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    • pp.587-596
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    • 2008
  • Facility-based competition (FBC) in the telecommunications market is considered to have lower static efficiency in the short term and higher dynamic efficiency in the long term. Under service-based competition (SBC), the entrant can reduce its setup costs by leasing network facilities from the incumbent, which makes the entrant viable, pushes the market price down and promotes static efficiency. This paper attempts to measure static efficiency by comparing the profits of the incumbent and entrant in terms of consumer surplus and social welfare under each competition type by extending the Stackelberg model. The results, assuming a linear demand function and variation in regulatory level, show that FBC results in higher social welfare than SBC on the whole. However, SBC accompanied by strong regulation is also shown to have the potential to be superior over FBC. It is also revealed that FBC exhibits a higher producer surplus (particularly, the incumbent's producer surplus) and is, therefore, more desirable in terms of dynamic efficiency. When the entrant's cost is high in FBC, social welfare is shown to be lowered, implying that cost competitiveness is a necessary condition for social welfare.

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A Study on the Effects of Six Sigma Management on the Quality and Marketing Performances (6시그마 경영이 품질 및 마케팅 성과에 미치는 영향에 관한 연구)

  • Chang Hyung-Gul;Lee Yong-Hak
    • Journal of the Korea Safety Management & Science
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    • v.7 no.5
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    • pp.185-212
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    • 2005
  • The ultimate objectives of the six sigma activities are to raise quality of products to the level where customers can be satisfied and to improve marketing efficiency through cost reduction. Recently, many businesses have been struggling to find out the most successful way to implement the six sigma to produce better results. This study is significant in a way that it provides readers with an actual evidence of efficiency and effectiveness of six sigma activities in marketing performance for the first time. The major data of this study can be divided into two categories ; First, secondary data research method was utilized to find out the effects of six sigma management on the quality and marketing performances, theoretically and empirically. Second, test of established hypotheses relevant to the effects of six sigma management on the quality and marketing performance based on the propositions drawn from existing literatures, and test hypotheses statistically. This study of six sigma looked into benefits in manufacturing industry in terms of improving quality, cutting cost and decreasing defection product-defect rate. In addition, the study has verified that how the quality performances can affect the marketing performances, such as enhancing corporate image, sales increase and customer satisfaction. The author believes that this study will help many businesses acquire best methods to increase sales and profits. And, business manager will be able to understand where to focus as they proceed with the six sigma project and improve corporate competitiveness.

The Study on the Reorganization of the Large Purse Seine Fisheries in Korea (대형선망어업의 생산력 재편과 경영 개선 과제)

  • KIM, Dae-Young
    • Journal of Fisheries and Marine Sciences Education
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    • v.21 no.3
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    • pp.373-389
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    • 2009
  • The aims of this study are to examine urgent problems for reorganization into future-proof large purse seine fisheries in order to positively cope with rapidly changing domestic and foreign fisheries circumstances. First, this paper provides current situations of the large purse seine fisheries. The current situations of it are composed of fisheries influence such as vessel number, vessel power, and fisher number, use of resource and fishing places, and changes in products and sales of species caught by the large purse seine. Secondly, this paper reviews current problems of the large purse seine fisheries including cost reduction and increase of value added. Thirdly, this paper suggests basic development direction and countermeasures for strengthening competitiveness of the large purse seine fisheries. In conclusion, urgent problems of the larger purse seine fisheries can be summarized as inefficiency of distribution structures and retarded landing system and facilities as well as the worse of profitability according to shrink of fishing places, reduction of products, lack of workers, and increase in oil price. To solve the urgent problems, the large purse seine fisheries should be changed into an industry with low cost and high efficiency, and also need to introduce of new production system, strengthen autonomous management of natural resource, and increase in value added to products.