• Title/Summary/Keyword: small-medium company

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An Empirical Study on the Effect of R&D Investment on Business Performance by Life Cycle -Focus on China's Small and Medium-sized Enterprises(SME)- (기업수명주기별 연구개발투자가 경영성과에 미치는 영향에 관한 실증연구 -중국 중소상장기업(SME)을 중심으로-)

  • Wang, Lin-Lin;Qing, Cheng-Lin
    • Journal of Digital Convergence
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    • v.17 no.6
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    • pp.43-49
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    • 2019
  • The study divided the life cycle of Chinese companies into three stages from 2011 to 2017, 3,750 small and medium-sized enterprises(SME) used disclosure data to analyze the intensity of R&D investment by company life cycle. The analysis showed that the impact of wealth(ROA) on the performance of R&D investment(RDS) and the next(t) business performance, and research and development investments had a different impact on the company's performance depending on the life cycle of the company. The results of this study are expected to help determine the amount of expenditure related to R&D investment and the time of input of resources in consideration of industrial characteristics and corporate characteristics when making strategic decisions related to R&D investment of companies.

A Study on the Factors Influencing the Competitiveness of Small and Medium Companies Applied with Smart Factory System (스마트공장 시스템 구축이 중소기업 경쟁력에 미치는 요인에 관한 연구)

  • Young-Hwan Choi;Sang Hyun Choi
    • Information Systems Review
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    • v.19 no.2
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    • pp.95-113
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    • 2017
  • The advent of information communication technology or the Fourth Industrial Revolution facilitated the fusion of equipment and management systems, such as Manufacturing Execution System, Enterprise Resource Planning, and Product Lifecycle Management, in the successful implementation of smart factories. The government supports the early adoption of these systems in small and medium companies to enhance their global competitiveness in producing products that can be recognized in a dramatically changing manufacturing environment. This study introduces smart factories to improve company competitiveness and address influences from the government assistance, CEO leadership, external consultancy, and organizational participation. We analyzed 101 results received from the questionnaires circulated to small- and medium-sized manufacturing companies. Given a successful smart factory implementation, company competitiveness is the factor that mostly influences organizational participation, government assistance, external consultancy, and CEO leadership. This study suggests several perspectives to implement a smart factory, which is the most important aspect of company competitiveness.

Market Expansion Strategies for Small or Medium-sized Construction Companies by Developing Quantitative Risk Assessment Model

  • Yoo, Jinhyuk;Koh, Seungyoon;Seo, Induck;Cha, Heesung
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.742-743
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    • 2015
  • Korean construction industry has developed with national economy growth for a couple of decades. However, because of slump of real estate, the domestic construction industry was intimidated. In this situation, many construction company has no choice but to go abroad to find construction projects. However, almost small or medium-sized construction companies are very hard to operate their business because they have small funding ability and weak labor power. Therefore, this study aims to propose an assessment tool through analyzing risk factors of overseas construction projects for small or medium-sized companies by examining preceding research and interviewing industry experts. Weights of the risk factors are determined through the surveys of the industry practitioners. All of the data is configured into the assessment tool and this converts the quantitative information which leads to the optimal of strategies choice. This paper provides a quantitative measurement of possible performance and detailed assessment of each itemized risk factors. This assessment tool is qualified for industry experts so that it can safely be applied to the future projects. Ultimately, many small or medium sized construction companies will benefit from the tool proposed in this study to examine the potential of the overseas market expansion.

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A study on Quality System Management in Small and Medium Enterprises (중소기업 품질시스템 운영 방안에 관한 연구)

  • Park Roh-Gook
    • Journal of Korea Society of Industrial Information Systems
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    • v.10 no.4
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    • pp.120-127
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    • 2005
  • Quality system management adapted by small and medium enterprises in Kangwon province to enhance the competitiveness was studied. Variance analysis on several questionnaire answers was performed. Motives for acquiring the accreditation, such as product export, adjustment to international trend, enhancement of brand/product recognition, CEO's mind change, and management innovation, have been changed significantly among business types. Mind changes after the accreditations were setting company's first priority on quality, enhanced recognition on compliance of in-house standards and regulations, employee's performance with the recognition of quality. Amongst service problems to maintain the accreditations were difficulties in maintaining the recognition of the company's quality management, labor increase to maintain the ISO 9000 enforcement team, and financial burden to keep the accreditation. Quality recognition after the accreditations was significantly improved in setting company's first priority on quality, enhanced recognition on compliance of in-house standards and regulations, employee's performance with the recognition of quality.

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How to Enhance using e-Marketplace by Korean Small & Medium Trading Companies? (수출중소기업의 e-Market place 활용증대전략 - 광주 소재 수출기업을 중심으로 -)

  • CHOI, Young-Joo;PARK, Hyun-Chae
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.69
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    • pp.655-672
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    • 2016
  • The main objective of this study is to examine the mediating effect of 'e-trust' on the relationship between the antecedents related to e-marketplace and the intention of using e-marketplace. Data was collected from a survey of 169 exporting firms in Gwangju, Korea. The results of the study are as follows ; First, 'e-trust' is produced a mediating effect when technology and government factors affect the intention of using e-marketplace. However, "e-trust" does not play a mediating role in the relationship between company factor and the intention of using e-marketplace. Second, technology factor, government factor and company factor have a positive impacts on the intention of using e-marketplace. Accordingly, in order to enhance the intention of using e-marketplace, small & medium exporting firms in Korea should try more to prepare for factors related to technology and company. In addition to these, government should give full support to be prepared for regulations and systems related to e-marketplace. If e-trust were properly built, the enhancement of using e-marketplace would be taken place more smoothly. So most of exporting firms can participate in e-marketplace more actively.

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Effects of Education and Training Program Characteristics on Education and Training Satisfaction though Mediation of Enterprise Revitalization - Based on Employees of Small and Medium-Sized Company - (교육훈련프로그램특성이 기업의 활성화를 매개로 교육훈련 만족도에 미치는 영향에 관한 연구 - 중소기업 종사자를 중심으로 -)

  • Sim, Sun-Hee;Park, Sun-Young;Kim, Ha-Kyun
    • Journal of Fisheries and Marine Sciences Education
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    • v.23 no.2
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    • pp.267-276
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    • 2011
  • A survey was performed on employees of a small and medium-sized company how had participated in an education & training program, in order to identify the relationship between the enterprise revitalize and its characteristics, and to know how the program and its satisfaction was related with each other. The results showed that education & training program characteristics had influence on the enterprise revitalize and then the latter made effect on its satisfaction. It is suggested that a plan should be developed to promote self-improvement needs of employees when an education & training program is to be made, and by changing the state of facility or training conditions, the efficiency of the program should also be pursued. In addition, it is imperative for the participants to have strong motivation for self-improvement in the program, and it seems that the effectiveness of the program is expected to work in accordance with the will of the company as well as its growth and developmental standards.

The Impact of Performance by the QMS through the Mediation of Absorptive Capacity in Manufacturing Company (품질경영시스템이 흡수역량을 매개로 중소벤처 제조기업의 기업성과에 미치는 영향에 관한 실증연구)

  • Jin, Sunghan;Lee, Cheolgyu;Yoo, Wangjin
    • Journal of Korean Society for Quality Management
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    • v.41 no.1
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    • pp.15-38
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    • 2013
  • Purpose: This study is to search for the core factors of improving business performance of small and medium venture manufacturing company and to do an in-depth analysis of the relations with management performance through systematic approach and to provide implications of importance of the management for the improvement factors for the domestic small and medium venture manufacturing company. Methods: The data have been analyzed via the regression and path analysis using AMOS. Results: this study is absorptive capacity affects the business performance of manufacturing companies. absorptive capacity has the role of the parameters of the Quality Management System and business performance. Conclusion: This study suggests how to run absorptive capacity according to type of management performance, and how to enhance Quality Management System to efficiently promote absorptive capacity in order to grow of management performance. also, this study shows a way to enlarge the valuation standard for management and customer performance reflecting the growth potential of an enterprise in circumstance where the valuation standard focuses on financial performance.

A Case Study on Mobile Web-service Implementation for a VMI System of Small.medium sized the Auto-parts Manufacturer in Supply Chain (공급사슬관계에서 중.소 자동차부품제조업체의 VMI시스템에 관한 웹서비스구현)

  • Na, Sang-Gyun;Oh, Myung-Hyun;Jeong, Byung-Ho;Lee, Jun-Su
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.30 no.2
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    • pp.29-36
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    • 2007
  • This study was concerned about mobile web-service of a VMI in the SCM system. The VMI would be a main module part of the SCM and regarded as very important thing on supply chain. Therefore, it was essential to react in real time of materials production and situation of used auto-part in procurement company. We could find an affordable method to realize the VMI in a web service. The web service has made inter relevant enterprise easy to collaborate because of supporting most operating system and frame-work. Moreover, the use of a mobile tools was guaranteed a product recording and requirement of materials to real time in a rapid changing of production environments. The result of this research was very useful to apply the VMI system in medium and small sized auto parts company. This web service package has programmed the Visual Studio Dot Net 2003 and the MS SQL 2000 as database.

Perception differences between users and policy-makers on technology protection support system for small and medium-sized businesses (중소기업 기술보호지원제도에 대한 이용자와 정책담당자의 인식차이 분석)

  • Park, Sanghoon;Cho, Namwook
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.13 no.1
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    • pp.37-48
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    • 2017
  • As the risk of technical leakage is increasing, technology protection support systems for small and medium-sized businesses have gained attention. This paper analyzed the perception gap of the user and policy-maker regarding technology protection support systems. First, to identify key elements of technology protection support systems and construct measurement factors, interviews with experts are conducted. Then, surveys are conducted to analyze the perception differences between the users and policy-makers. Factor analysis and ANOVA have been utilized to analyze survey results. The result shows that the perception gaps exist in the following areas: management system, cost reduction, copyright protection, customer satisfaction, leakage prevention, and awareness. To enhance the effectiveness of technology protection support systems, this paper suggests technology protection support systems should be customized in terms of the company's size and type of busines.

The Impact of Small and Medium Companies' Export on Their performance in Chungbuk (수출이 지방중소기업의 경영성과에 미치는 영향: 충북을 중심으로)

  • Cho, Taek-Hee
    • International Commerce and Information Review
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    • v.10 no.2
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    • pp.349-369
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    • 2008
  • The purpose of this study was to investigate the impact of the performance of small and medium companies located in Chungbuk according to their export ratio. First, there were significant the differences in those companies' performance depending on their export ratio. Such variables as operating incomes, current ratio, R&D, and the number of employees showed differences when those companies were divided into two groups whose export ratio were less than and more than 10%. Second, the impact of determinants which consisted of the size of total assets, R&D, advertisement, and export ratio on those companies' performance which consisted of profitability, stability, productivity, growth, liquidity, and activity was analyzed.

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