• Title/Summary/Keyword: strategic priorities

Search Result 105, Processing Time 0.026 seconds

Implementation of RFID-based SCM in the South Korean Textile Industry

  • Shin, Sangmoo;Jung, Euisung
    • Journal of Fashion Business
    • /
    • v.23 no.6
    • /
    • pp.116-126
    • /
    • 2019
  • South Korea is known for its major manufacturing capabilities in semi-conductor, automobile, and IT industries. However, little is known about the competitive capabilities of South Korea's textile industry. The present study presents information about how Korean textile firms build their competitive capabilities on multiple fronts. Through a case study of two businesses operating in the South Korean textile and apparel industry, this paper illustrates a series of competitiveness enhancing initiatives, starting with the implementation of radio frequency identification (RFID). The main contribution of this article is the focus on how the interdisciplinary nature of the textile and apparel industry can benefit from and optimize the use of Information Technology through sustained efforts on multiple fronts. This study suggests that Korean textile firms approach their competitive capabilities in terms of strategic direction, innovative priorities, and operational focus. In the competitive global business environment, this could be the solution for the textile and apparel industry, by helping for the survival in the upcoming information age. Specifically, by adopting RFID-based SCM, firms can gain a competitive capability that promises sustainable growth in the future.

A Study on the Policy Directions related to the Introduction of Smart Maritime Autonomous Surface Ship (MASS) (스마트 자율운항선박(MASS)의 도입정책 연구)

  • Park, Han-Seon;Park, Hae-Ri
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
    • /
    • 2019.05a
    • /
    • pp.234-235
    • /
    • 2019
  • Smart Maritime Autonomous Surface Ship(MASS) is aiming to provide eco-friendly smart maritime navigation service based on safety, reliability and efficiency for maritime safety and marine environment protection. In the future, it is expected to bring about a radical change across the marine industry such as marine, maritime, port, logistics, ship-building and so forth. Therefore, in this paper, policy priorities related to the introduction of MASS were identified, and response strategies for each industry were set up, and a policy plan for establishing a smart maritime logistics system covering shipping, port and shipbuilding fields was proposed.

  • PDF

A Case Study on Strategic Shift from Smart-Work to Work-Smart of Company K

  • Kang, Yong-Sik;Kwon, Sun-Dong;Woo, Su-Han
    • Journal of Information Technology Applications and Management
    • /
    • v.25 no.3
    • /
    • pp.55-66
    • /
    • 2018
  • Early smart-work of company K was a technology-led way of applying ICT such as smart phones and mobile devices to business. After company K perceived the limitations of ICT-driven smart work, it propelled the work-smart, doing a work smart toward the way that human beings become central and a creative organizational culture is engendered. Company K propelled work-smart strategy in eight categories: simplification of data requirements, establishment efficient meeting culture, streamlining reporting and approval process, simplified document creation, overtime decrease, spreading flexible work system, settlement of healing leave, creating work-smart place. Company K set up an organizational culture secretariat dedicated to work-smart promotion and selected task priorities in consideration of urgency and effectiveness. Owing to such efforts, the company K's work-smart index rose sharply to 72 points this year from 56 points in the previous year. At the organizational culture survey, employees responded that organizational culture improved in all area. For a better future, company K analyzed its work-smart outcomes and planned progressively to improve its work-smart efforts based on employees opinions. This case study will serve as a guideline, for companies to make efforts to going forward to today work-smart beyond yesterday smart-work.

Family Business and Risk Management: Perspectives of SMEs Entrepreneurs in Indonesia

  • TAN, Jacob Donald;SUGIARTO, Sugiarto;BUDHIJONO, Fongnawati
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.8 no.5
    • /
    • pp.851-861
    • /
    • 2021
  • This study aims to explore the specific risks in family small-medium enterprises (SMEs) and explain how they manage these risks to sustain and expand. In Indonesia, family business composes around 95 percent of all businesses and contributes about 80 percent to the country's economy. SMEs contribute approximately 57.8 percent to the nation's gross domestic product. Risk management poses challenges to the family business's survival, as family members do not take actions on risk. The assessment of risk is difficult and family businesses lack the ability to determine risk management priorities, including risk management review processes to evaluate risk, thus leading to family business failures. Applying the case study approach, in-depth semi-structured interviews were conducted in seven family SMEs comprising fifteen informants. Additionally, a focus group discussion consisting of three experts is conducted to reaffirm the findings from the interviews, observations, and field notes. The research identified the specific risks and how the family owners strategize to safeguard against these risks such as cash flow deficiency, operations dysfunction, cultural frailty, disharmony, transgenerational entrepreneurship failure, political uncertainty, and unprofessionalism. Comprehending these risks and their strategic decisions elucidated in this research could enable the family owners and key non-family professionals to work hand-in-hand to thrive over the family business risks together. Further avenues of research regarding family business risk management are also suggested in this study.

Introduction of Smart-Management into the System of Public Management of Regional Development in the Context of Strengthening National Security of Ukraine

  • Ivashova, Liudmyla;Larin, Stanislav;Shevchenko, Nataliia;Antonova, Liudmyla;Yurchenko, Serhii;Kryshtanovych, Myroslav
    • International Journal of Computer Science & Network Security
    • /
    • v.22 no.9
    • /
    • pp.369-375
    • /
    • 2022
  • The article substantiates the need and shows the features of introducing SMART management into the system of public management of regional development in the context of strengthening the national security of Ukraine. Disclosed are such provisions as: goal-setting; state mission; state mission in Ukraine; goals of the Ukrainian state; strategic management priorities in Ukraine. Differences between the purpose of the organization and the purpose of the state are determined. The characteristic of the goal at the state level is given. The management standards in SMART management are characterized. The issues of the exhaustibility of existing SMART criteria are reviewed and it is proposed to supplement them with two such as: inspiration (inspiration) and ity (ethics). Two main principles are defined (evaluated (assessment), reviewed (review)), which must be observed when introducing SMART management into the system of public management of regional development in the context of strengthening the national security of Ukraine.

Potential of Digital Solutions in the Manufacturing Sector of the Russian Economy

  • Baurina, Svetlana;Pashkovskaya, Margarita;Nazarova, Elena;Vershinina, Anna
    • International Journal of Computer Science & Network Security
    • /
    • v.22 no.10
    • /
    • pp.333-339
    • /
    • 2022
  • The purpose of the article is to identify priority trends of technological innovations and strategic opportunities for using the smart potential to the benefit of the Russian industrial production development in the context of digital transformation. The article substantiates the demand for technological process automation at industrial enterprises in Russia and considers the possibilities of using artificial intelligence and the implementation of smart manufacturing in the industry. The article reveals the priorities of the leading Russian industrial companies in the field of digitalization, namely, an expansion of the use of cloud technologies, predictive analysis, IaaS services (virtual data storage and processing centers), supervisory control, and data acquisition (SCADA), etc. The authors give the characteristics of the monitoring of the smart manufacturing systems development indicators in the Russian Federation, conducted by Rosstat since 2020; presents projected data on the assessment of the required resources in relation to the instruments of state support for the development of smart manufacturing technologies for the period until 2024. The article determines targets for the development of smart technologies within the framework of the Federal Project "Digital Technologies".

AN ASSET MANAGEMENT ASSESSMENT MODEL FOR STATE DOTs

  • Steven Cooksey;Hyung Seok David Jeong;Myung-Jin Chae
    • International conference on construction engineering and project management
    • /
    • 2009.05a
    • /
    • pp.380-387
    • /
    • 2009
  • In the past, many state Departments of Transportation (DOTs) in the U.S. managed their highway assets on a "worst first" basis and planned their highway projects in a tactical rather than strategic fashion. Due to increasingly tight highway budgets and recognition of long term benefits of asset management systems, the Federal Highway Administration (FHWA) has strongly pushed and encouraged state DOTs to implement asset management for managing their highway assets and highway projects. Currently, many DOTs have actively implemented and are in the process of applying this asset management concept for their highway infrastructure. However, different DOTs are developing different asset management systems because of their different organizational structures, data management structures, relationship with the legislature, and investment priorities. This study first identifies asset management indicators which are essential to successfully implementing asset management systems for State highway assets. The research team conducted a survey of asset management experts and reviewed the practices and policies of leading DOTs in asset management. Based on these indicators, this study develops an Asset Management Assessment Model (AM2) for different asset management systems. This model can be used by different DOTs to evaluate their current asset management systems and identify their strong areas and also their weak areas to improve in order to fully benefit from the advanced concept of asset management.

  • PDF

The Effect of Self-congruity on Functional Congruity, Perceived Value, and Attitude in Franchise Coffee Shops (프랜차이즈 커피전문점 이용고객의 자아일치성이 기능적 일치성, 가치 그리고 태도에 미치는 영향)

  • Kim, Eun-Jung;Lee, Yong-Ki;Hwang, Jae-Kwang
    • The Korean Journal of Franchise Management
    • /
    • v.6 no.1
    • /
    • pp.69-90
    • /
    • 2015
  • This study aims to provide managerial implications considering strategic priorities for maintaining existing customers and attracting new customers in extremely competitive coffee franchise market. In particular, this study is differentiated from other previous studies as it attempted to examine both direct and indirect impact relations among self-congruity, functional congruity, perceived value(utilitarian/hedonic value), and attitude. Also, this study shows the relative impact of utilitarian value and hedonic value on attitude. The results show that self-congruity has positive effects on functional congruity and value (hedonic and utilitarian value), while functional congruity has positive effects on utilitarian value, hedonic value, and attitude. Moreover, self-congruity has indirect effects on attitude through functional congruity and value. The findings also indicate that hedonic value has relatively higher impact on attitude than utilitarian value does. At the end of the paper, managerial implications and limitations were suggested.

Rebuilding Standardization Strategies for Records Management (기록관리 표준화 전략의 재구축 방안)

  • Seol, Moon-Won
    • Journal of the Korean BIBLIA Society for library and Information Science
    • /
    • v.20 no.3
    • /
    • pp.81-96
    • /
    • 2009
  • In Korea, a master plan for records management standardization has been established and implemented by National Archives of Korea in a short manner comparing with other countries which pursued the standardization gradually in a long-range policy. But many standards developed under the plan has being criticized in terms of standards quality and their effectiveness by records managers in public sectors. According to the needs of systematic standardization strategy development to overcome the problems, it proposes a model for developing standardization strategy for records management, which is considering strategic goles, principles and 4 strategy areas to be reformulated. This model suggests the directions to select appropriate targets and priorities to be standardized, and to improve standardization procedure and policy framework as standardizing strategy's key points.

A study on the risk assessment of climate crisis adaptation measures in public sewage treatment facilities (공공하수처리시설의 기후위기 적응대책 위험도 평가 연구)

  • Jaekyung Choi;Younsun Lee;Sunghwan Hwang
    • Journal of Korean Society of Water and Wastewater
    • /
    • v.38 no.2
    • /
    • pp.61-68
    • /
    • 2024
  • In the context of the Ministry of Environment's 2022 Climate Change Adaptation Plan for Public Institutions, public sewage treatment plants are one of the important targets for climate change response aimed at sustainable water management. In this study, it is applied a modified methodology to four water regeneration centers (public sewage treatment facilities) in charge of sewage treatment in Seoul to analyze the impacts and risks of climate change and discuss priorities for adaptation measures. The results of the study showed that heavy rains, heat waves, and droughts will be the key impacts of climate change, and highlighted the need for measures to mitigate these risks, especially for facility managers.