DOI QR코드

DOI QR Code

A Study on the Influence of Management Performance on Human Solidarity of CEOs in Daejeon Area

대전지역 최고 경영자의 인적결속이 경영성과에 미치는 영향연구

  • Lee, Yoon-koo (School of Corporate Management Corporate Management Major, WooSong University) ;
  • Hyun, Byung-hwan (Dept of Business Consulting, DaeJeon University)
  • 이윤구 (우송대학교 매니지먼트학부 경영학전공) ;
  • 현병환 (대전대학교 일반대학원 융합컨설팅학과)
  • Received : 2018.07.02
  • Accepted : 2018.10.05
  • Published : 2018.10.31

Abstract

The purpose of this study was to assess the implications for Daejeon's business management by analyzing the impact on the management performance of human solidarity among CEOs of small and medium venture companies in Daejeon. From 20th March to 20th May 2018, 212 questionnaires were collected from CEOs of small and medium-sized venture companies in Daejeon for this study and verified using the SPSS statistics Analysis Program. As a result, the study confirmed that the "work" and "school" connection factors have positive effects on securing government projects, improving business management, acquiring the necessary information for business growth, and securing competitiveness in 4th industrial revolution era. On the other hand, the "Region or Kin-group" connection factor does not affect the management performance. The following implications were derived fromthese studies on sustainable growth and development of business in Daejeon. First, it requires a higher level of the CEO solidarity. Second, efforts aimed at building mutual trust among CEOs in Daejeon are needed to develop close relationships and strong connections. Third, each operating association established in Daejeon needs to develop various programs for building relationships among CEOs and operate programs to increase the chances of contact.

Keywords

CEO;Human solidarity;Work connection;School connection;Region or Kin-group connection;Small and medium venture companies;Mutual trust;Close relationship

Acknowledgement

Supported by : 우송대학교

References

  1. C. D. Kim, "60 Years in Daedeok Special District", pp.118-126, INNOPOLIS Foundation, 2013.
  2. K. S. Min, Y. K. Lee, J. C. Park, "A Study on the Social Network Characteristics of High-Tech Venture Companies for Efficient Management Resources: A Case Study on the High-Tech Venture Business in Daedeok Innopolis", The Journal of Management, Vol.21, No.6, pp.2523-2547, 2008.
  3. J. S. Coleman, "Social Capital in the Creation of Human Capital", American Journal of Sociology, Vol.94, pp.S95-S120, 1988. DOI: https://dx.doi.org/10.1086/228943 https://doi.org/10.1086/228943
  4. T. Healy, S. Cote, "The well-being of nations: The role of human and social capital", pp.118, Paris : Organisation for Economic Co-operation and Development, 2001.
  5. J. G. Kim, "Study on Effects of Human and Social Capitals of CEOs in Relation to External Funds Application and Initial Marketing Accomplishment; focused on high-tech venture enterprises in Daeduck innopolis", Daejeon University, Doctor's thesis, 2014.
  6. R. M. Dong, J. J. Lee, "The Effects of Human Capital and Integration Capacity of Complex Resort on Business Transformation, Competitive Advantage and Performance", International Journal of Tourism and Hospitality Research, Vol.29, No.6, pp.45-54, 2015.
  7. B. H. Choi, "The study of the influences of social capital and structural factors on innovative performance in industrial cluster", Seoul National University of Technology, Doctor's thesis, 2009.
  8. J. P. Choi, "A Study on On-Offline Social Network Affecting Job Performance and Career Success", Kookmin University, Doctor's thesis, 2012.
  9. Y. H. Kim, "Social Network Theory", Byub Moon sa, 2011.
  10. H. K. Lee, "Regionalism", Park Young sa, 2003.
  11. Y. M. Kim, "Top management team social capital and its impacts on firm exit from the KOSDAQ market: Evidence from venture startup companies", Journal of Strategic Management, Vol.10. No.2, pp.71-89, 2007. DOI: https://dx.doi.org/10.17786/jsm.2007.10.2.004 https://doi.org/10.17786/jsm.2007.10.2.004
  12. Y. K. Choi, S. W. Chung, J. S. Lim, "Venture Capital as a Linkage between the Founder and the IPO", Korean Academy of Organization and Management, Vol.35, No.3, pp.87-114, 2011.
  13. Y. H. Kim, "Alumni Groups and School Network", Other publications of the Journal of sociology, pp.53-68, 2003.
  14. D. G. Jang, "Working Group Study for Strategic Clustering Report", Daedeok INNOPOLIS, 2008.
  15. J. Nahapiet, S. Ghoshal, "Social Capital, Intellectual Capital, and the Organizational Advantage", Academy of Management Review, Vol.23, No.2, pp.242-266, 1998. DOI: https://dx.doi.org/10.5465/amr.1998.533225 https://doi.org/10.5465/amr.1998.533225
  16. S. B. Lee, "A Study on the Effects of Entrepreneur's Social Capital on Start-up Performances mediate d by Nascent Entrepreneur's Behaviors", Konkuk University, Doctor's thesis, 2013.
  17. M. A. McFadyen, A. A. Cannella, "Social Capital and Knowledge Creation: Diminishing Returns of The Number and Strength of Exchange Relationships", Academy of Management Journal, Vol.47, No.5, pp.735-746, 2004. https://doi.org/10.2307/20159615
  18. T. H. Nam, "The Effect of the Network Characteristics and Firm Performance on the Regional Innovative Cluster Performance", Kyungil University, Doctor's thesis, 2013.
  19. A. Smidts, A. T. H. Pruyn, C. M. Van Riel, "The Impact of Employee Communication and Perceived External Prestige On Organizational Identification", Academy of Management Journal, Vol.44, No.5, pp.1051-1062, 2001. DOI: https://dx.doi.org/10.5465/3069448 https://doi.org/10.5465/3069448
  20. Y. N. Rhee, "Organizational Social Capital and the Role of Public Relations : An Exploratory Study of the Interrelationships among Organizational Communication, Trust, Norm, and Identification", The Korean Journal of Advertising and Public Relations, Vol.9, No.4, pp.46-70, 2007.
  21. J. H. Lee, D. H. Lee, S. Y. Park, "A Study Upon Effects of Firm Reputations and Network Types in Firm Performances", Asia Pacific of small Business, Vol.34, No.1, pp.121-138, 2012.
  22. J. Sequeira, S. L. Mueller, J. E. Mcgee, "The Influence of Social Ties and Self-Efficacy in Forming Entrepreneurial Intention and Motivating Nascent Behavior", Journal of Developmental Entrepreneurship, Vol.12, No.3, pp.257-293, 2007. DOI: https://dx.doi.org/10.1142/S108494670700068X https://doi.org/10.1142/S1084946707000678
  23. N. T. B. Le, T. V. Nguyen, "The Impact of Networking on Bank Financing: The Case of Small and Medium-Sized Enterprises in Vietnam", Entrepreneurship Theory and Practice, Vol.33, No.4, pp.867-887, 2009. DOI: https://dx.doi.org/10.1111/j.1540-6520.2009.00330.x https://doi.org/10.1111/j.1540-6520.2009.00330.x
  24. M. Westerlund, S. Svahn, "A Relationship Value Perspective of Social Capital in Networks of Software SMEs", Industrial Marketing Management, Vol.37, No.5, pp.492-501, 2008. DOI: https://dx.doi.org/10.1016/j.indmarman.2008.04.003 https://doi.org/10.1016/j.indmarman.2008.04.003
  25. T. S. Manolova, N. M. Carter, I. M. Manev, B. S. Gyoshev, "The Differential Effect of Men and Women Entrepreneurs' Human Capital and Networking on Growth Expectancies in Bulgaria", Entrepreneurship Theory and Practice, Vol.5, No.3, pp.407-426, 2007. DOI: https://dx.doi.org/10.1111/j.1540-6520.2007.00180.x
  26. D. M. De Carolis, P. Saparito, "Social Capital, Cognition, and Entrepreneurial Opportunities: A Theoretical Framework", Entrepreneurship Theory and Practice, Vol.30, No.1, pp.41-56, 2006. DOI: https://dx.doi.org/10.1111/j.1540-6520.2006.00109.x https://doi.org/10.1111/j.1540-6520.2006.00109.x
  27. E. K. Park, "Effects of Entrepreneurial Orientation and Network Capabilities on International Performance of Korean Firms", Chonnam National University, Doctor's thesis, 2013.
  28. J. H. Ryu, "The Impact of Entrepreneurial Networking Activities on the Enterprise Performance", Soongsil University, Doctor's thesis, 2013.
  29. S. S. Ryu, "The Effects of Network Types and Relational Factors on the Learning and Performance in Corporate", Chosun University, Doctor's thesis, 2011.
  30. R. B. Seo, J. S. Sung, H. D. Yoon, "The Effects of Collaborative R&D Network and Entrepreneurship on Technological Innovation Activity and Performance of Venture Business in Industrial Clusters", Journal of Entrepreneurship and Venture Studies, Vol.15, No.3, pp.43-68, 2012.
  31. D. K. Lee, M. K. Choi, "The Relation of Internal Competence to Technological Innovation Performance and the Moderating Effect of External Network and Organizational Culture in SMEs", Korean Journal of Management, Vol.2012, No.2, pp.1-42, 2012.
  32. N. O'Regan, A. Ghobadian, M. Sims, "Fast tracking innovation in manufacturing SMEs", Technovation, Vol.26, No.2, pp.251-261, 2006. DOI: https://dx.doi.org/10.1016/j.technovation.2005.01.003 https://doi.org/10.1016/j.technovation.2005.01.003
  33. T. S. Manolova, N. M. Carter, I. M. Manev, B. S. Gyoshev, "The Differential Effect of Men and Women Entrepreneurs' Human Capital and Networking on Growth Expectancies in Bulgaria", Entrepreneurship Theory and Practice, Vol.5, No.3, pp.407-426, 2007. DOI: https://dx.doi.org/10.1111/j.1540-6520.2007.00180.x
  34. E. Sung, "Does Volunteerism Affect Innovative Performance & Competitiveness of Companies in innovative Clusters?", The Journal of International Trade & Commerce, Vol.10, No.4, pp.691-707, 2014. DOI: https://dx.doi.org/10.16980/jitc.10.4.201408.691 https://doi.org/10.16980/jitc.10.4.201408.691
  35. C. S. Lee, T, W, Roh, "The effect of support programs for innovative clusters by stage of growth on firm performance", Regional Industry Review, Vol.38, No.2, pp.7-28, 2015.
  36. D. D. Clercq, D. Rangarajan, "The Role of Perceived Relational Support in Entrepreneur-Customer Dyads", Entrepreneurship Theory and Practice, Vol.32, No.4, pp.659-683, 2008. DOI: https://dx.doi.org/10.1111/j.1540-6520.2008.00247.x https://doi.org/10.1111/j.1540-6520.2008.00247.x
  37. Y. C. Jung, S. J. Lee, "A Study on Growth and Development Impact Factors for Innovation Cluster: A Case of the Daedeok Innopolis", Journal of Technology Innovation, Vol.24, No.1, pp.189-219, 2016. DOI: https://dx.doi.org/10.14383/SIME.2016.24.1.189 https://doi.org/10.14386/SIME.2016.24.1.189
  38. K. W. Lee, "The Effect of Strength of Ties and Diversity of Ties in the Venture Business Networks on the Venture Business Performance", Seoul University of Venture & Information, Doctor's thesis, 2009.
  39. B. N. Kim, "The Effect of SME's Characteristics and Growing Pains on Business Performances", Hoseo University, Doctor's thesis, 2014.
  40. H. Y. Yook, "Empirical research on the business performance:Focused on the conceptual characteristics", Korea Polytechnic University, Doctor's thesis, 2016.
  41. S. B. Lee, "A study on the Effect of Characteristics of CEO and Competency in Venture Companies on the Organiational effectiveness : Including the Mediating Effect of Corporate Strategy", Hoseo University, Doctor's thesis, 2013.
  42. H. S. Won, "An Effect on Business Performance of S&M Business CEOs' Enterpreneurship: Focusing on the mediation Social Capital", Gachon University, Doctor's thesis, 2013.
  43. C. T. Street, A. F. Cameron, "External Relationships and the Small Business: A Review of Small Business Alliance and Network Research", Journal of Small Business Management, Vol.45, No.2, pp.239-266, 2007. DOI: https://dx.doi.org/10.1111/j.1540-627X.2007.00211.x https://doi.org/10.1111/j.1540-627X.2007.00211.x
  44. A. Goerzen, P. W. Beamish, "The effect of alliance network diversity on multinational enterprise performance", Strategic Management Journal, Vol.26, No.4, pp.333-354, 2005. DOI: https://dx.doi.org/10.1002/smj.447 https://doi.org/10.1002/smj.447
  45. L. C. Hsu, C. H. Wang, "Clarifying the Effect of Intellectual Capital on Performance: The Mediating Role of Dynamic Capability", British Journal of Management, Vol.23, No.2, pp.179-205, 2012. DOI: https://dx.doi.org/10.1111/j.1467-8551.2010.00718.x https://doi.org/10.1111/j.1467-8551.2010.00718.x
  46. Y. H. Kim, K. H. Han, K. B. Lee, "Venture Networks of Resource Mobilization", Journal of the Korean Society of Social Sciences, Vol.36, No.4, pp.89-121, 2002.