• 제목/요약/키워드: firm strategy and structure

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Knowledge-driven Dynamic Capability and Organizational Alignment: A Revelatory Historical Case

  • Kim, Gyeung-Min
    • Asia pacific journal of information systems
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    • 제20권1호
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    • pp.33-56
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    • 2010
  • The current business environment has been characterized as less munificent, highly uncertain and constantly evolving. In this environment, the company with dynamic capability is reported to be more successful than others in building competitive advantage. Dynamic capability focuses on the link between a dynamically changing environment, strategic agility, architectural reconfiguration, and value creation. Being characterized to be flexible and adaptive to market circumstance changes, an organization with dynamic capability is described to have high resource fluidity, which represents business process, resource allocation, human resource management and incentives that make business transformation faster and easier. Successful redeployment of the resources for dynamic adaptation requires organizational forms and reward systems to be well aligned with firm's technological infrastructures and business process. The alignment is considered to be an executive level commitment. Building dynamic capability is knowledge driven; relying on new knowledge to reconfigure firm's resources. Past studies established the link between the effective execution of a knowledge-focused strategy and relevant setting of architectural elements such as human resources, structure, process and information systems. They do not, however, describe in detail the underlying processes by which architectural elements are adjusted in coordinated manners to build knowledge-driven dynamic capability. In fact, understandings of these processes are one of the top issues in IT management. This study analyzed how a Korean corporation with a knowledge-focused strategy aligned its architectural elements to develop the dynamic capability and thus create value in the dynamically changing markets. When the Korean economy was in crisis, the company implemented a knowledge-focused strategy, restructured the organization's architecture by which human and knowledge resources are identified, structured, integrated and coordinated to identify and seize market opportunity. Specifically, the following architectural elements were reconfigured: human resource, decision rights, reward and evaluation systems, process, and IT infrastructure. As indicated by sales growth, the reconfiguration helped the company create value under an extremely turbulent environment. According to Ancona et al. (2001), depending on the types of lenses the organization uses, different types of architecture will emerge. For example, if an organization uses political lenses focusing on power, influence, and conflict. the architecture that leverage power and negotiate across multiple interest groups would emerge. Similarly, if an organization uses economic lenses focusing on the rational behavior of organizational actors making choices based on the costs and benefits of action, organizational architecture should be designed to motivate and provide incentives for the actors (Smith, 2001). Compared to this view, information processing perspectives consider architecture to be designed to maximize the capacity of information processing by the actors. Using knowledge lenses, the company studied in this research established architectural elements in a manner that allows the firm to effectively structure knowledge resources to form dynamic capability. This study is revelatory single case with a historic perspective. As a result of this study, a set of propositions and a framework are derived, which can be used for architectural alignment.

전력시장 과점구조에서의 발전기 기동정지 게임 해석 (Analysis on Unit-Commitment Game in Oligopoly Structure of the Electricity Market)

  • 이광호
    • 대한전기학회논문지:전력기술부문A
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    • 제52권11호
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    • pp.668-674
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    • 2003
  • The electric marketplace is in the midst of major changes designed to promote competition. No longer vertically integrated with guaranteed customers and suppliers, electric generators and distributors will have to compete to sell and buy electricity. Unit commitment (UC) in such a competitive environment is not the same as the traditional one anymore. The objective of UC is not to minimize production cost as before but to find the solution that produces a maximum profit for a generation firm. This paper presents a hi-level formulation that decomposes the UC game into a generation-decision game (first level game) and a state(on/off)-decision game (second level game). Derivation that the first-level game has a pure Cournot Nash equilibrium(NE) helps to solve the second-level game. In case of having a mixed NE in the second-level game, this paper chooses a pure strategy having maximum probability in the mixed strategy in order to obviate the probabilistic on/off state which may be infeasible. Simulation results shows that proposed method gives the adequate UC solutions corresponding to a NE.

동태적 복잡성을 고려한 최적의 연구개발 투자 전략 (Optimal Investment Strategy for Research and Development Considering Dynamic Complexity)

  • 손지윤;김현정;김수욱
    • 한국경영과학회지
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    • 제40권4호
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    • pp.19-33
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    • 2015
  • Recently, interest in research and development (R&D) investment decisions have increased among Korean domestic enterprises. However, existing R&D investment studies only focused on government R&D investment policies while only a few studies investigated firm level R&D investment. Prior literatures also overlooked the feedback loop between R&D investment and firm performance. Therefore, this paper identifies a system dynamics model for R&D investment decision making in domestic electronics firms. The conceptual model is derived from R&D investment-related theories found in bodies of literature on company performance, enterprise activity, and market maturity. This study investigates the dynamic feedback between R&D activities and sales using the system dynamics model. In other words, the system dynamics model is used to explain the change in the closed feedback circulation structure in R&D investment activities including technology development, production process, and marketing that subsequently result in sales increase and re-investment into R&D from the generated revenues. There are two major results. First, a similar ratio of investment on technology development and production process derives the higher company sales. Second, regardless of market maturity, marketing investment ratio positively affects sales and R&D budget growth. This study provides a system dynamics model to find the optimal ratio for R&D investment and suggests managerial strategic implications on electronic firm R&D investment decision making under market maturity condition.

울산 중화학공업의 재구조화 특성 - IMF 체제 이후의 기업전략을 중심으로 - (The Post-IMF firm strategy and the corporate restructuring in the heavy & chemical industrial district: the case of Ulsan, Korea)

  • 박양춘
    • 한국지역지리학회지
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    • 제7권2호
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    • pp.17-34
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    • 2001
  • 본 연구는 울산시를 사례로 IMF 체제를 극복하는 과정에서의 기업의 재구조화 전략을 중심으로 우리나라 중화학공업의 재구조화 특성을 분석하였다. 울산 지역경제는 중화학부문의 대기업 분공장과 그 관련기업의 비중이 절대적이고, 특정 대기업과 중소기업간 수직적 하청관계에 기초한 대기업 주도의 산업구조로 특징 지워진다. IMF 체제를 계기로 시장 재구조화는 종래 가격경쟁에서 품질경쟁으로의 전환을 기조로 시장 확대, 판매처의 다양화 그리고 수출 확대 전략을 중심으로 생산제품 및 시장 다변화, 수출과 내수시장의 점유비율의 조정 등 다양한 전략으로 수요환경 변화에 대응하고 있다. 생산체계가 변화된 기업체는 절반에 미치지 않으나, 주로 소품종 소량생산체계에서 소품종 대량생산체계 혹은 다품종 대량생산에서 전문화와 규모경제를 동시에 추구하는 소품종 대량생산 체제로 전환하였다. 그리고 생산조직에 있어서는 특히 전문하청의 확대로 핵심기능만을 내부화하고 나머지는 외부화하여 비용절감과 수요변화에 신축적으로 대처하기 위한 전략을 추구하였다. 노동 재구조화에 있어서는 팀제도입, 육체적 정신적 노동의 결합과 소사장제 도입으로 생산현장의 의견을 의사결정에 반영할 수 있고, 다기능화와 노동혼합을 통한 노동조직상의 유연성을 제고하려는 전략을 채택하였다.

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Primary Analysis of Information Distribution at Walkbase Company: Developing an Information Strategy

  • Ahmadinia, Hamed;Karim, Muhaimin;Ofori, Edward
    • 산경연구논집
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    • 제6권4호
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    • pp.5-16
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    • 2015
  • Purpose - Currently, organizations must have a plan to achieve their future objectives. In this case, an information strategy facilitates greater success when planning for the future in any organization. Research design, data, and methodology - The core objective of the project was to explore the information infrastructure of Walkbase in a discursive manner. We started the project by providing a description of the firm, which facilitates retail outlets using in-store analytical devices. Results - We conclude that the management of Walkbase revised its current information structure to implement a more structured one that might be included in a long-term investment. On such an occasion, management can prioritize the component to develop first. Conclusions - Along with our results, we also described the business, its products, its facilities, and how it can serve different industries. Finally, we left the prioritization decision within the framework's components to top management.

건축적 패션 디자인의 구조적 전략 (Tectonic Strategies in Architectonic Fashion Design)

  • 임은혁
    • 패션비즈니스
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    • 제18권1호
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    • pp.164-181
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    • 2014
  • As the boundary between fashion and architecture is getting blurred, the interactions of the two fields are turning out abundant as well as essential. This study investigates the tectonic strategies in architectural fashion design as a novel aesthetic in the 21st century by combining literary survey and case analysis on architecture and contemporary fashion. The tectonic strategies in the works of architectural fashion designers were categorized as follows: organic geometry, technological garment construction, and independent space. Organic geometry transforms basic geometric shapes into subtle organic forms after being thrown on the body. Technological garment construction explores the garment structure and volume by applying the structural principle of suspension and fractal geometry. Independent space refers to maintaining the firm three-dimensionality of garment structure which keeps the distance from the body, assuming the similarity to architecture.

Activation Strategy for the Ship Supply Industry at the Port of Busan

  • Gu, Min-Jin;Ahn, Jin-Woo;Moon, Sang-Young
    • 한국항해항만학회지
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    • 제36권2호
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    • pp.141-148
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    • 2012
  • This study evaluates how activation plans presented by previous research are perceived by employees in the ship supply industry by sample surveys. Another objective of this study is to also assist in the selection of effective activation plans. It is becoming more and more difficult for the Port of Busan to strengthen its competitiveness in the ship supply industry by maintaining the status quo. Much research extending the scope of research subjects in the port logistics industry indicates that the development of the port logistics industry is very important for creating new value for the Port of Busan. The results shows that improvement in the retail structure and government support had a significantly positive correlation between the importance and necessity of the ship supply industry activation.

Board Structure and Likelihood of Financial Distress: An Emerging Asian Market Perspective

  • UD-DIN, Shahab;KHAN, Muhammad Yar;JAVEED, Anam;PHAM, Ha
    • The Journal of Asian Finance, Economics and Business
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    • 제7권11호
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    • pp.241-250
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    • 2020
  • This study examines the relationship between the attributes of board structure and the likelihood of financial distress for the non-financial sector of an emerging market characterized by concentrated ownership and family-controlled business. The present study utilized panel logistic regression to estimate the relationship between board structure attributes and the likelihood of financial distress. We used Altman Z-Score as a proxy for firm financial distress, as this tool measures the financial distress inversely. The study finds a significant relationship between board size and the likelihood of financial distress. The results show that a one-unit increase in board size would decrease the probability of financial distress by 3.4%. Further, we observe that a greater level of board independence is associated with a lower likelihood of financial distress. A one-unit increase in board independence would decrease the probability of financial distress by 20.4%. We also find a significant positive impact of leverage on the likelihood of financial distress. The present study contributes to the body of literature on board structure attributes and likelihood of financial distress in emerging markets, like Pakistan. Furthermore, the findings would be beneficial for corporate policymakers and investors in formulating corporate financial strategy and predicting business failure.

해양안보위협의 확산에 따른 한국해군의 역할 확대방안 (Extending Plans of the Role of ROK Navy vis-'a-vis the Expansion of Maritime Security Threats)

  • 길병옥
    • Strategy21
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    • 통권30호
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    • pp.63-98
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    • 2012
  • Northeast Asia has a multi-layered security structure within which major economic and military powers both confront one another and cooperate at the same time. Major regional powers maintain mutually cooperative activities in the economic sphere while competing one another in order to secure a dominant position in the politico-military arena. The multifarious threats, posed by the North Korea's nuclear development, territorial disputes, and maritime demarcation line issues demonstrate that Northeast Asia suffers more from military conflicts and strifes than any other region in the world. Specifically, major maritime security threats include North Korea's nuclear proliferation and missile launching problems as well as military provocations nearby the Northern Limit Line(NLL) as witnessed in the Cheonan naval ship and Yeonpyong incidents. The ROK Navy has been supplementing its firm military readiness posture in consideration of North Korea's threats on the NLL. It has performed superb roles in defending the nation and establishing the Navy advanced and best picked. It also has been conducive to defend the nation from external military threats and invasion, secure the sea lanes of communications, and establish regional stability and world peace. In order to effectively cope with the strategic environment and future warfares, the ROK Navy needs to shift its military structure to one that is more information and technology intensive. In addition, it should consolidate the ROK-US alliance and extend military cooperative measures with neighboring countries in the Asia-Pacific region. Evolved steadily for the last 60 years, the ROK-US alliance format has contributed to peace and security on the Korean peninsula and in the Northeast Asian region. In conclusion, this manuscript contends that the ROK Navy should strive for the establishment of the following: (1) Construction of Jeju Naval Base; (2) Strategic Navy Equipped with War Deterrence Capabilities; (3) Korean-type of System of Systems; (4) Structure, Budget and Human Resources of the Naval Forces Similar to the Advanced Countries; and (5) Strategic Maritime Alliance and Alignment System as well as Domestic Governance Network for the Naval Families.

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벤처기업의 성장단계별 기업경쟁력 및 기업 성과 창출 전략 (Enterprise Competitiveness and Corporate Performance Creation Strategies by Stage of Growth on Firm)

  • 박다인;박찬희
    • 벤처창업연구
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    • 제13권6호
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    • pp.177-189
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    • 2018
  • 경영환경은 정보기술 및 시장의 니즈, 경쟁자 등의 출현으로 인해 계속 변화한다. 심화되는 경쟁 속에 기업들은 생존과 발전을 내세우고 기업 특성에 맞지 않는 무분별한 전략을 답습하면서 오히려 역효과를 내고 있는 경우도 있다. 특히 변화에 적응할 수 있는 기반이나 자원이 부족한 벤처기업 및 창업기업들의 경우 창업 후 생존율이 점차 낮아지면서 충분한 경쟁력을 갖추지 못한 상황도 벌어지고 있다. 이들 벤처기업과 창업기업들 역시 도태되지 않고 생존하기 위해 다양한 전략을 통해서 경쟁력을 갖추려 노력하고 있다. 벤처기업이 비즈니스 생태계 내에서 하나의 유기적 생명체로서 진화하는 과정을 제품이나 산업의 수명주기와 마찬가지로 창업기, 초기 성장기, 고도 성장기, 성숙기, 쇠퇴기 등의 정형화된 단계에 비추어 분석해볼 수 있다. 이 경우, 벤처기업이 무차별적으로 전략경영의 모델을 적용하는 것 보다 해당 기업이 놓인 수명주기 단계별로 전략, 조직 구조, 의사결정방식, 통제유형 등을 상이하게 판단하고 이에 적절한 전략을 수행하는 접근을 생각해볼 수 있다. 지식가치에 초점을 두어 보면, 동일 생산요소를 투입하더라도 이를 적용할 수 있는 지식이 있는 경우 더 높은 가치 창출이 가능하며, 기업의 수명주기 단계에 비추어 보면 차별화된 시사점을 얻을 수 있다. 본 연구에서는 '2017년 벤처기업정밀실태조사' 데이터를 기반으로 기업의 외부 협력 정도 및 벤처기업 지원제도 활용 정도가 경쟁력과 성과에 미치는 영향이 기업의 수명주기별로 상이함을 확인하였다. 분석 결과 도입기와 초기성장기, 고도성장기, 성숙기, 쇠퇴기별로 기업경쟁력에 영향을 미치는 영향이 상이하게 나타났으며, 경영성과 역시 영향을 미치는 요인들이 상이한 것으로 나타났다. 이는 무분별하게 경영전략의 모델들을 구사하기보다 기업수명주기 단계에 맞는 경쟁전략을 실시하는 접근이 필요하며, 성과를 창출하는 경쟁력을 구축하는 방식 역시 차별적이어야 함을 보여준다.