• Title/Summary/Keyword: Business Convergence

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The Impact of Convergence on Business Performance;An Empirical Study on Korean ICT Sector

  • Park, Ho-Young;Chang, Suk-Gwon
    • 한국경영정보학회:학술대회논문집
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    • 2007.06a
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    • pp.780-787
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    • 2007
  • The Information and Communication Technologies (ICT) sector is undergoing a fundamental transformation. Determinant factors in this transformation process are deregulations and technological advancements. From the value chain perspective, industry convergence plays the most crucial role in the transformation of the established telecommunications and media industries. The objective of this paper is to validate the impact of convergence on the business performance using empirical data. To identify the various effects driven by industry convergence, we analyzed the relationships between firm's degree of convergence and the business performance using regression analysis. From the empirical result with the 2002-2005 data, it was found that the convergence across ICT sectors improves the business performance measured by Tobin's q significantly and this is only a recent phenomenon. These results are consistent with the conjecture that higher degree of convergence is becoming more associated with higher market value.

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New Convergence Business Models by Applying Cloud Service to Medical Industry (클라우드 서비스의 의료산업 적용을 통한 새로운 융합 비즈니스 모델)

  • Jeon, Hangoo;Kim, Jongchul;Seo, Kwang-Kyu
    • Journal of Digital Convergence
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    • v.11 no.4
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    • pp.467-472
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    • 2013
  • Recently, the value of ICT-based medical devices, equipments, software and service development are is increased according to strengthening the convergence among ICT, medical technologies and services. This paper presents the new convergence business models by applying cloud service to medical industry. In order to develop the new convergence business models, we checked the validity and feasibility through analyzing the medical market environments such as medical data backup, medical regulation etc. and present the new convergence business models and the direction of commercial business models for customer acquisition, market expansion and competitiveness improvement. This study is to provide the guidelines for establishing the core capacity strengthening strategy and partnership cooperation strategy when we design a new convergence business models in various industrial fields.

Case Study and Performance Analysis of IT Convergence Business Models for Defense Sector (국방 IT융합 비즈니스 모델 사례와 성과 분석)

  • Sim, Seungbae;Yoo, Cheonsoo;Hong, Sumin
    • Journal of Information Technology Services
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    • v.14 no.2
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    • pp.275-287
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    • 2015
  • Information technology (IT) convergence have been recognized one of the key drivers in the industry perspective. Especially, IT convergence have been one of the most important innovative way for defense sector. Korea government established IT convergence policy in 2008 and have been applying it to the core industry such as automotive, shipbuilding and defense industries. Recently, the creative vitamin project has been launched. Vitamin 'D' means the way to create the value of defense industry. This research analyzes and evaluates various IT convergence business models based on an operation of defense IT convergence center from 2011 to 2014, which is the industry IT convergence centers. Defense IT convergence business models can be classified into four types of mission area as follows : weapon acquisition and management, military intelligence, military power construction, and resources management. We define the concept of defense IT convergence and describe the framework and processes for applying IT to the defense sector. We analyzes and evaluates various business models designed through defense IT convergence framework and processes.

Development of Business Models for the Robot Industry in the Convergence Age (컨버전스 시대의 로봇산업 비즈니스 모델 개발)

  • Seo, Kwang-Kyu
    • Proceedings of the KAIS Fall Conference
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    • 2008.05a
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    • pp.354-357
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    • 2008
  • In this paper, we develop business models for the robot industry that facilitates to explore new business opportunities in the convergence age. Considering the trend of convergence society, we analyze the market drivers. Analyzing market dynamics and value chain, we design a set of the business model for the robot industry focused on u-health robots. In addition, we describe the evolution path of the proposed business model in terms of technology development and market. Finally, we develop a framework for evaluating the effectiveness of the business model.

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A Comparative Study on Innovation Tools for the Development of Business Models by the Types of Convergence (컨버전스유형별 비즈니스모델 개발을 위한 혁신도구 비교 연구)

  • Yang, Dong-Heon;Byun, Jong-Bong;You, Yen-Yoo
    • Journal of Digital Convergence
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    • v.10 no.6
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    • pp.141-152
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    • 2012
  • This study is a comparatively analyzes innovation tools for developing appropriate business models according to the types of convergence. Firstly, it examines previous studies on the type of convergence, business models, and innovation tools. Based on the understanding of each topic through literature search, it introduces Convergence-Business-Innovation Tools Cube (CBI Cube) model with the concept of developing innovative business models by applying innovation tools under the condition of convergence. In order to quantify (concretize) the concept, we have compared the relative priority of innovation tools for developing business models to find component factors of CBI Cube model through the survey of an expert group by adopting DelPhi method and AHP method. From the result of this study, we expect to be able to make an easier approach to the development of innovative products, services and market as it allo ws to develop business models of value innovation beyond just benchmarking or simple imitation of existing business models.

A Study on Modeling Framework of Convergence Business (융합 비즈니스 모델링 프레임워크에 관한 연구)

  • Kim, Duk-Hyun
    • The Journal of Society for e-Business Studies
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    • v.17 no.4
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    • pp.175-196
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    • 2012
  • Compared to the wide spread of convergence in government and industries there are still lack of theoretical foundation and effective methodologies to successfully implement it. Especially, there are few remarkable results on the ideal types of convergence business model (BM) in both domestic and foreign researchers. In this paper we show theoretical types, strategic alternatives, and design steps of convergence BM could be developed based on '4WH1H model' which is a conceptual framework of a BM. 4W1H model includes 5 constituents of a BM, i. e., customer value, value proposition, operation, target market, and supply capability. We derive 5 theoretical types of convergence BMs depending on the focus of innovation, i.e., value, product, operation, market, and capability. After defining the constituents and types (i.e., structural aspects) of convergence BM, we also show a BM could be linked with business strategy by defining the interaction among 5 constituents (i.e., behavioral aspects) of convergence BM.

Maritime Business Cycles with Multiple Structure Changes

  • Kim, Hyunsok
    • Journal of Navigation and Port Research
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    • v.44 no.5
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    • pp.407-413
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    • 2020
  • In this paper we examined a novel extension of the convergence empirics for the maritime business cycle which considers structure breaks and/or changes. To provide theoretical justification, the convergence hypothesis uses the relaxed assumption to technology shocks. Based on the recent empirical results provided by Kim and Chang (2020), we consider nonlinear dynamics that capture the properties on structural changes in the equilibrium adjustment process. This approach bridges the gap between the theoretical framework and empirical specifications. In particular, we applied the convergence hypothesis to the multiple structure change model for the maritime business cycle. Our application to the maritime data showed support of the convergence hypothesis allowing multiple structure changes during the high volatile period and offers additional insight into the forecasting maritime business cycles.

KT standardization strategy of text input method for KT service terminals (KT 서비스 단말을 위한 문자 입력 방식 표준화 전략)

  • Hong, Young-Kuk;Yang, Seung-Jin;Cho, Sang-Wook;Kim, Jung-Joon;Lee, Sang-Hong
    • 한국HCI학회:학술대회논문집
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    • 2006.02b
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    • pp.780-783
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    • 2006
  • 본 논문에서는 KT 서비스 단말을 위한 문자 입력 방식 표준화 전략에 대해 기술한다. KT 표준 문자 입력 방식은 문자 입력을 필요로 하는 KT 서비스 단말기에 탑재되어, 고객의 서비스 이용 편의성 증대와 사업 효율성 증대를 위한 통일된 문자 입력 인터페이스로 사용된다. 대표적인 30 개의 문자 입력 방식에 대해, 문자 입력 방식의 우수성, KT 사업 추진 기여도, 지적재산권 확보 여부 등의 3 가지 평가 기준을 적용하여, KT 사업에 가장 적합한 문자 입력 방식을 KT 표준 문자 입력 방식으로 선정한다. 선정된 표준 문자 입력 방식은 KT 서비스 단말의 특성 및 단말 제조업체와의 관계 등을 고려하여, KT 주도형 단말에 대해 우선 적용할 계획이다.

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