• Title/Summary/Keyword: dynamic competitive advantage

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Human or System Strategy for Effective Knowledge Management: Based on the Event Study Methodology (효과적 지식경영을 위한 사람 혹은 시스템 중심 지식경영 전략: 이벤트연구 방법론을 기반으로)

  • Choi, Byoung-Gu
    • Asia pacific journal of information systems
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    • v.14 no.3
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    • pp.57-75
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    • 2004
  • The knowledge management is increasingly an important strategic weapon for sustaining competitive advantage of firms. Firms are undertaking knowledge management initiatives and making significant investments. However, there is relatively little empirical support for the impact of knowledge management on performance of firms. Understanding of the impact of knowledge management, this paper explores how knowledge management strategy influences firms' market value. We examine this issue using event study methodology and evaluate the cumulative abnormal returns for knowledge management strategy announced by firms from 1998 to 2002. The results show that firms' announcements of knowledge management strategy are positively related with firms' market value. Specially, dynamic style-which emphasizes both (i) knowledge reusability through information technologies and (ii) knowledge sharing through informal discussions among employees-has higher performance. This outcome presents empirical support to argument that the emphasis on both tacit and explicit knowledge results in better market value.

The Measurement, Reporting, and Utilization of Knowledge Assets : The Case of Telecom Company (지식자산의 측정, 보고 및 활용 : 통신회사의 사례를 중심으로)

  • Park, Kyung Seok;Han, Ingoo
    • Knowledge Management Research
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    • v.9 no.3
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    • pp.173-194
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    • 2008
  • Conventional financial accounting system has overseen the significant roles of the non-financial facets of the activities of the company, especially whose value creating abilities are based on knowledge assets. In the knowledge-based economy, telecommunication service companies must recognize the changes from the tangible assets to the knowledge assets as value creating resources, understand the dynamic processes in which the knowledge is converted to financial profits and seek the method to measure and report knowledge assets to sustain the competitive advantage continuously. This study proposes the indicators and measures of knowledge assets of Korea Telecom. Through the analysis and application of tile knowledge assets report of the Korea Telecom, this study shows the usefulness of the knowledge assets report.

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A Study on the Application of SARL Concept for Future Logistics Support System (미래 군수지원시스템을 위한 SARL 개념 도입방안 연구)

  • Choi, Seok-Cheol;Kim, Dong-Eok
    • Journal of the Korea Institute of Military Science and Technology
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    • v.9 no.3
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    • pp.66-76
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    • 2006
  • Sense and Respond Logistics(SARL) is a transformational, network-centric, knowledge-driven concept that enables joint effects-based operations and provides precise, agile support. Sense and respond logistics relies upon highly adaptive, self-synchronizing, and dynamic physical and functional processes. It predicts, anticipates, and coordinates actions that provide competitive advantage across the full range of military operations. In this research paper, we considered the essential prerequisite to introduce the appropriate SARL concept for the future warfare environment into the military logistics support system and also provide the conceptual alternatives to actualize the introduction of SARL.

A Study on the Internet Market ing Strategy uh ich applies the web site for Family Restaurant (패밀리레스토랑의 웹사이트를 활용한 인터넷마케팅 전략에 관한 연구)

  • 진양호;전진화
    • Culinary science and hospitality research
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    • v.8 no.1
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    • pp.1-21
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    • 2002
  • A study is on the market ing strategy which applied the web site for family restaurant. The internet marketing that the firm uses to attract consumer needs and it can be said to be the strategic effort to cope with dynamic environmental change in the market with strategic flexibility which has competitive advantage and increase its profitablelity. This study establish an internet marketing strategy plan and it presented. First, it constructs a data base using CRM and it manages with to create the benefit model. Second, it constructs the trusted relationship of the customer using Permission marketing. Third, the virus marketing is effect ive to create customers in short duration. Forth, e-mai1 marketing for target customer is also effective Fifth, experienced marketing provides the good experience and an immersion. Sixth, tie-in marketing which co-operate with the other company is magnifies a category of customer therefore this study about internet marketing action will be hopefully continued.

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The Relationship Between Supply Chain Competences, Capability, and Fim Performance: A Supply Chain Agility (공급사슬 역량과 능력 그리고 기업성과 간의 관계: 공급사슬의 민첩성을 중심으로)

  • Kang, Sung-Bae
    • Knowledge Management Research
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    • v.13 no.2
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    • pp.95-109
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    • 2012
  • Changing customer expectation, global competition, and technological requirements force firms to develop agile supply chain capabilities sustaining competitive advantage and business success. To respond, firms are seeking to enhance supply chain agility across the inter-organizational, this study explores the relationship between supply chain competence and supply chain agility on firm performance. The research reviews literature on supply chain capability and classifies capability into two categories as competence and capability based on resource based view and dynamic capabilities. It describes a framework to explore the relationships among supply chain competence (IT flexibility, supply chain flexibility, shared value), supply chain capability (supply chain agility), and firm performance (supply chain performance). The purpose of this study is to find the determinants of supply chain agility and improving firm performance in the perspective of vendor companies. The results indicate strong, positive, and direct relationships between supply chain competence and supply chain agility. Supply chain agility have significant relationships with firm performance. Implication for future research and practice are offered.

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A Study on the Application of System dynamics for Market Strategy : In The Local Government Server Market (시장전략 수립을 위한 시스템 다이내믹스의 적용)

  • 박상현;연승준;김상욱
    • Korean System Dynamics Review
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    • v.3 no.2
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    • pp.29-48
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    • 2002
  • Most of companies have analyzed markets continually and founded market strategies based on these analyses to gain competitive advantage. But sometimes some mistaken market analyses make the strategic decision-making of companies bring unexpected results. This because many companies just research or consider only the present condition, so they can't reflect dynamic change and the delayed feedback effect and then found the market strategy in the short-term angle rather than analyze the structural features of market on the whole. For that reason, this paper will describe how effective system thinking and system dynamics are as they found strategy of company for solving the problems and trying to find better alternative proposal by explaining process of founding market strategy with a casual loop diagram and a simulation model in the local government server market.

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A Study on the Determinants of Knowledge Sourcing Decisions (지식습득 의사결정의 영향요인에 관한 연구)

  • Lee, Sun-Kyu;Lee, Ung-Hee
    • Journal of Digital Convergence
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    • v.6 no.1
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    • pp.105-111
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    • 2008
  • Knowledge has been widely recognized as a critical resource for competitive advantage of the organization. However, little has been done in the literature regarding under what conditions that organizations should develop knowledge internally or acquire knowledge from outside. Therefore, the purpose of this study is to examine the effects of some key factors such as environment and organizational climate, on the organization's decision to knowledge sourcing. Our findings suggest that organizations are more likely to acquire knowledge from outside if the environment is complex, munificent and dynamic; if they possess higher levels of goal-oriented and autonomy.

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A Study on the Determinants of Knowledge Sourcing Decisions (지식습득 의사결정의 영향요인에 관한 연구)

  • Lee, Seon-Gyu;Lee, Ung-Hui
    • 한국디지털정책학회:학술대회논문집
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    • 2005.11a
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    • pp.465-474
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    • 2005
  • Knowledge has been widely recognized as a critical resource for competitive advantage of the organization. However, little has been done in the literature regarding under what conditions that organizations should develop knowledge internally or acquire knowledge from outside. Therefore, the purpose of this study is to examine the effects of some key factors such as environment and organizational climate, on the organization's decision to knowledge sourcing. Our findings suggest that organizations are more likely to acquire knowledge from outside if the environment is complex, munificent and dynamic; if they possess higher levels of goal-oriented and autonomy.

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A Study on the Decision Support Systems for Logistics Network Design and Planning (물류네트워크 설계 및 계획을 위한 의사결정지원시스템에 대한 연구)

  • Park, Yang-Byung
    • IE interfaces
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    • v.13 no.4
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    • pp.627-638
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    • 2000
  • During last ten years, logistics network management has become one of the most important sources of competitive advantage regarding logistics cost and customer service in numerous business segments. The key to success in this dynamic and severe business environment is the ability to design and plan the logistics network optimally in an integrated way. Network design and planning involves many issues relating to strategic, tactical, and operational decisions. To assist a logistics designer or planner, many computer-based decision support systems (DSS) have been developed. In this paper, the issues related to design, development, and implementation of the DSS for logistics network design and planning are discussed, and an ideal framework of the DSS is proposed with some ideas on the future development. Finally, DLNET, the DSS developed by author, is briefly introduced.

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The Effect of Interactivity between KIBS Firms and Customers on Innovations in KIBS Firms

  • Yong Jin Kim;Myung-Seong Yim
    • Asia pacific journal of information systems
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    • v.30 no.4
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    • pp.758-784
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    • 2020
  • In today's dynamic and hypercompetitive business environment, knowledge and innovation have emerged as bases for sustained competitive advantage. This paper addresses two specific research questions. First, we ask, "What is the effect that firm interactivity has on various types of innovation?" As we address this question, we explain that interactivity helps firms create knowledge, which then promotes and enables innovation. Second, we ask, "How do the various types of innovation impact firm performance?" We develop a research model and a set of hypotheses from the basis of organizational knowledge creation theory and the knowledge-based view of the firm. We test this model using survey data, and find that interactivity is positively associated with innovation. We also find that several types of innovation, including service innovation, process innovation, and organizational innovation have a positive impact on firm performance.