• Title/Summary/Keyword: value proposition

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Business Model Change in Asset Management (금융자산 관리모델의 변화에 관한 연구)

  • Ryu, HyunWook
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.9
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    • pp.251-257
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    • 2017
  • Private banking, which is a part of the financial services industry, is an investment advisory business targeting high-net-worth individuals (HNWIs). The demand for asset management services, which isexpanding in the world market as well as in the Asia-Pacific region, is rapidly increasing in Korea as the low-growth, low-interest environment has stabilized. In Korea, the private banking business is ahead of growth, and the evaluation and compensation system of playing institutions remains a challenge. While the aging of the population increases the demand for services, the increasing competition and regulations have decreased the profit margins in the industry. In this paper, a business model is derived from a professional service quality model. Modular advisory services, value-proposition through sophisticated services, and investment expertise with increased clarity would help wealth management firms pursue their opportunities. By interviewing the experts of wealth management banks, this study constructsa business model with elements derived from a relevant literature review. The contribution of this research is to enable these institutions to understand the key factors affecting their financial performances, in order to improve them. This study is limited by one of the research models, and it will be necessary to conduct an empirical test in the future.

A Study on the effects of business model and product innovation on the performance of firms in mobile ecosystem (모바일 생태계에서 비즈니스 모델과 제품혁신이 기업성과에 미치는 영향에 관한 연구)

  • Kim, Il-Kyong
    • Journal of the Korea Convergence Society
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    • v.11 no.10
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    • pp.243-255
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    • 2020
  • The purpose of this study is to present the factors that affect business model and product innovation on the enterprise performance of the mobile ecosystem, and to confirm the results of whether they have an effect. To this end, through prior research, business model factors and product innovation factors were defined in the mobile ecosystem that was the mother of the 4th industry, and a hypothesis that each factor will affect corporate performance was established. Through the exploratory surveys and interviews, the value proposition of the business model proved to have a positive (+) effect on the financial and non-disaster performance of the company, and the innovation was proved to have a positive (+) effect on the non-financial performance of the company. It was analyzed that the price competitiveness of product innovation had a positive (+) effect on the financial factors of a company, and the initial market entry had a positive (+) effect on the non-financial factors. With this study, we propose the criteria for reviewing the performance of companies that are rapidly competing in the 4th industrial revolution in terms of business model and product innovation.

A Study on the Educational Programs for Experimental Typography (실험 타이포그래피의 교육 프로그램 연구)

  • 원유홍
    • Archives of design research
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    • v.13 no.2
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    • pp.33-44
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    • 2000
  • Typography is the field be needed the most emotional and potential originality in the visual designers works. The design process introduced by aesthetic results is depended on a designers sensibility and originality. Accordingly this study includes more detail suggestions for mental switchover and developing whole area of sense and its education which make more sincere and easy communication of sentences in typographic and messages, removing fixed ideas, that are, prejudice and preconception, is one of big problems in making originality through the educational programs for experimental typography approaching with a new vision. Today, the change of typographic environment carried the substance and effectiveness of traditional typography be suspected and new ways are growing fast to escape from these traditional value. This study introduces some education programs such as Typortrait, Typeface, Typographic Essay, Kinetic Typography to realize the experimental typography to meet a new stream and social needs under the situation of exoplosive change and harmony fairly with proposition of coexisting of inspiration and technology, and finally expected to develop and promote typography experiment newly and to make educational section understand and confirm them.

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Research on Relative Importance of Business Model Factors by Using AHP Method : Focused on Knowledge Service Firm (AHP분석을 활용한 비즈니스모델 구성요인의 상대적 중요도 연구 : 지식서비스기업을 대상으로)

  • Choi, Seong-Ho;Park, Jong-Woo;Jo, Dong-Hyuk
    • The Journal of the Korea Contents Association
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    • v.16 no.7
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    • pp.19-30
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    • 2016
  • This study analyzed relative importance among business model factors for improving business performance of Knowledge Service Enterprises using the Business Model methodology. It also compares and analyzes the relative importance of manufacturing enterprises by using the previous research conclusion. This study finds Product & Service factor(0.361) is the most important among Marketing(0.251), Financial aspects(0.234), and Infrastructure(0.154) are follows. For the sub factors, Value Proposition(0.254) is the most importance factors and Revenue Streams(0.154), and Key Activities(0.107), and Key Resources(0.100), and Channels(0.086) are follows. Also, The Marketing has higher relative importance for Manufacturing enterprises, whereas the Product&Service has higher relative importance for Knowledge Service Enterprises. It proves that there is a difference in the relative importance between Manufacturing Enterprises and Knowledge Service Enterprises. This study concludes the importance of business model factor is different for each respective industry. Therefore, it suggests to consider different industrial aspects when build the business model for each industry.

Stalnaker's Theory of Indicative Conditionals (직설법적 조건문에 대한 스톨네이커의 해석)

  • Song, Ha-Suk
    • Korean Journal of Logic
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    • v.12 no.2
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    • pp.31-58
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    • 2009
  • This paper defends Stalnaker's theory of indicative conditionals. His theory consists of selection functions and pragmatic constraints. The selection function takes a certain possible world(W) and a proposition(A) to yield a possilble world that is similar to W and in which A is true. And the pragmatic constraints plays role to make selection functions apply just to indicative conditionals. According to Stalnaker, as indicative conditionals has strong truth-value, uncontested principle always holds but passage principle does not always hold. However, his theory can explain why passage principle sometimes holds by means of pragmatic constraints. Also, this paper argues that Stalnaker's theory is the most acceptable one among others, by replying to criticisms suggested by Adamsians and the problem raised by Gibbard and other criticisms.

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The impact of the Formation Factor of Loyalty Of Mongolian Consumers Attitudes toward M-Commerce

  • Altanzul, Ganbaatar;Lee, Dong-Man
    • 한국정보컨버전스학회:학술대회논문집
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    • 2008.06a
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    • pp.135-140
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    • 2008
  • Recently in the Mongolian wireless marketplace, many E-commerce companies have been making considerable investments in the technological development of M-commerce, taking competitive advantage of new business possibilities offered by Internet-based wireless technologies. In the Mongolian wireless marketplace, this new mobile environment opens the door for new and exciting market opportunities in mobile services and applications. In the near future, these companies will be looking toward M-commerce services as a supplemental source of revenue in the mobile marketplace. This paper examines the roles of M-commerce in the consumers' in order to promote the consumers' loyalty in the booming M-commerce. This paper contains theory that focuses on the basic concepts of the M-commerce environment, its wireless network technologies, and its applications infrastructure. Upon searching for references to assist us in establishing a market hypothesis, we discovered that few comprehensive studies on consumer perspective and behavior related to M-commerce services actually exist in the literature. In the area of M-commerce, many companies neglect the consumer perspective, concentrating only on technological factors only when formulating their market strategies. And, due to technological blindness, many companies were not able to succeed in end-user E-commerce services. Given that fact, this paper formulates a consumer-centric research model. In order to prove the research model, we chose the survey method which allows for the collection of large amounts of data from a sizeable population in a highly economical way. Through the survey, this paper defines consumer's attitudes towards M-commerce services by identifying potential Business-to-Commerce(B2C) applications and its primary target groups in terms of gender and age, and by investigating whether consumers recognize the value proposition of M-commerce applications and services. As shown in the data analysis and results, this research concludes that M-commerce development in Mongolia is still at its infancy, and that the implementation of M-commerce depends not only on technological progress, but also on consumer attitudes and their willingness to adopt M-commerce services. As well, other complex cross-cultural factors-socially, economically, culturally, et cetera-enter strongly into the equation.

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The proposition of attributably pure confidence in association rule mining (연관 규칙 마이닝에서 기여 순수 신뢰도의 제안)

  • Park, Hee-Chang
    • Journal of the Korean Data and Information Science Society
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    • v.22 no.2
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    • pp.235-243
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    • 2011
  • The most widely used data mining technique is to explore association rules. This technique has been used to find the relationship between each set of items based on the association thresholds such as support, confidence, lift, etc. There are many interestingness measures as the criteria for evaluating association rules. Among them, confidence is the most frequently used, but it has the drawback that it can not determine the direction of the association. The net confidence measure was developed to compensate for this drawback, but it is useless in the case that the value of positive confidence is the same as that of negative confidence. This paper propose a attributably pure confidence to evaluate association rules and then describe some properties for a proposed measure. The comparative studies with confidence, net confidence, and attributably pure confidence are shown by numerical example. The results show that the attributably pure confidence is better than confidence or net confidence.

Evaluation and Promotion Policy for Promising Business Models Based on TV White Space (TV 유휴 대역을 활용한 유망 비즈니스 모델의 평가 및 활성화 정책 연구)

  • Kim, Tae-Han;Song, Hee-Seok
    • The Journal of Korean Institute of Electromagnetic Engineering and Science
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    • v.23 no.8
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    • pp.909-922
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    • 2012
  • To fully utilize scarce spectrum resource, it's necessary to develop and evaluate promising business models prior to making technology R&D plan and industrial promotion policy. The purpose of this paper is to design potential business models, evaluate the propriety of commercializing the models, and discuss promotion policies after exploring promising sectors consuming spectrum resources. The research is based on TV white space, which is vacant TV channels in region or time domain and considered as core spectrum resource along with digital terrestrial television switchover. As the result, four kinds of business models were derived, including broadcasting and telecommunication types. Each model was discussed from four standpoints: customer value proposition, profit formula, key resources, and key processes, and the propriety for commercialization was evaluated by three dimensions: technological evaluations, business-oriented evaluations, and user-oriented evaluations. The promotion policies of government and market participants for the activation of TV White space-based business models were discussed as well.

Financial Liberalization, Government Stability, and Currency Crises - Some Evidence from South Korea and Emerging Market Economies

  • Chiu, Eric M.P.
    • Journal of Korea Trade
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    • v.23 no.5
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    • pp.129-144
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    • 2019
  • Purpose - Recent empirical studies have reached mixed results on the effects of financial liberalization and currency crises. We argue that this relationship is likely to depend both on whether controls are primarily on the degrees of financial liberalization and on the stability of the government. Using the disaggregated data on financial liberalization recently developed by Abiad et al (2010) for a sample of 30 emerging countries over the period 1995-2015, we attempt to investigate the political economy determinants of currency crises. Design/methodology - Our empirical model considers the relationship between financial liberalization and currency crises for emerging market economies. This study employs the existing theoretical framework to identify the disaggregate level for financial liberalization across countries. Using a multivariate logit model, this study attempts to estimate the interrelationship among financial liberalization, government stability and currency crises complemented by a case study of South Korea. Findings - Our main findings can be summarized as follows: we find strong support for the proposition that more liberalized financial institutions are positively associated with the probability of currency crises especially under less stable governments, but reduce the risks of currency crises especially for more stable governments. We also examine the role of financial systems with the case of South Korea after Asian financial crises and the results are further supported and consistent with the empirical findings. Originality/value - Existing studies focus on the economic factors across countries. This paper instead attempts to evaluate the effects of financial liberalization and currency crises by incorporating political considerations with newly developed dataset on financial liberalization, which are essential to the understanding of the causes of currency crises.

A Study on Conservation Characteristics of Architectural Style and Facade Form in the Colonial Settlement City of Williamsburg (윌리엄스버그 컬러니얼 정착마을의 건축양식과 파사드 형태의 보존특징에 관한 연구)

  • Chong, Geon-Chai
    • Journal of the Korean Institute of Rural Architecture
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    • v.23 no.2
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    • pp.1-8
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    • 2021
  • The aim of this study is to find what architectural restoration and street-scaping conservation of early settlement in Virginia, which have processed on the style of 18th centuries. One of the settlements in Virginia was Williamsburg that located in the high land between Jamestown and Yorktown. In 1698, the capital of Virginia was moved from Jamestown for the safer environment. At that time they constructed the town like a small urban that had a straight-lined Duke Glocester Street, Georgian style buildings, and landscapes of 18th centuries. Before 1928 the village was flown into ruins, but Rector of the church, Dr. W.A.R. Goodwin, understood the value of reservation to restore the village as colonial architectural style that has an original figure. John Rockefeller Jr. has taken part in his restoration of colonial style of architecture and culture. This paper surveyed nine cases of buildings and srtreet-scape on Duke Glocester Street. Most of the buildings on the street have a proposition, balance, and equipment of Georgian architectural facade in 18th centuries. The conclusion has three points. First, the Williamsburg has been reserved as an early colonial settlement through the restoration of architecture and street-scape design. Second, main architectural style is a Georgian form that has a balance, proportion, and simplicity of facade. Also new buildings and additions of architecture have to keep 'Design Review Guideline of Colonial Williamsburg' in order to contribute the existing colonial buildings. Third, the main street-scape, Duke Glocester Street shows Georgian architecture and cultural life pattern with tradition.