• Title/Summary/Keyword: Business continuity management

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Quality of Entrepreneurship and Micro-, Small- and Medium-sized Enterprises' (MSMEs) Financial Performance in Indonesia

  • HANGGRAENI, Dewi;SINAMO, Timothy
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.897-907
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    • 2021
  • The purpose of this study is to investigate the quality of entrepreneurship - motivation, entrepreneurial orientation, and risk behavior - in relation to the odds of micro-, small- and medium-sized enterprises' (MSMEs) financial performance in Indonesia. Additionally, this paper investigates how these qualities apply for the current challenges perceived by MSMEs' entrepreneurs in Indonesia due to Covid-19 crisis; specifically, this paper examines the odds of MSMEs' financial performance during the pandemic in respect to when these qualities are implemented by the entrepreneurs. The empirical data was obtained from an online survey by means of a structured questionnaire. MSMEs surveyed were randomly selected on a national scale. To test the hypotheses, a quantitative approach is employed, using multinomial regression. The main result shows that, under normal economic environment, the more intrinsically-motivated and continuity-driven entrepreneur is, the more likely the MSME will achieve financial growth compared to remaining stagnant. To our surprise, innovativeness leads to less likelihood of MSME's financial growth, suggesting the significance of innovation does not apply to MSMEs in Indonesia. Lastly, MSMEs' risk behavior to operate in a stable business environment is found more likely to result in a better performance and is true for operational and financial risks, but not marketing risks.

A Study for New Paradigm Settlement on Business Security Management: Focus on Global Business (산업보안관리에 관한 뉴패러다임의 정립: 글로벌 비즈니스를 중심으로)

  • Yu, Hyung-Chang
    • Korean Security Journal
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    • no.39
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    • pp.355-386
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    • 2014
  • Current business environment asks the fundamental changes about business security. The essences of these changes are that the security management of today's global business is important task of managers and the security practitioner is professional who needs very specialized education and training with business thinking. Rapid process of globalization of global village tore down the business limit that was restricted on the geological areas' limitation. Rapid business environments' change that is driving depends on development of science and technology with globalization needs new paradigm to keep business continuity. With the process of globalization, Korea, which importance is gradually increasing in the national economy, has trade dependent economic system, which keeps power of national economy through trade, so Korean economic tendency is accelerating. To keep competitiveness in global market, new strategy that is different with existing domestic business management is necessary. That is, capacity of coping with outside risk in domestic business management is established in some degree, but business activities in foreign countries faces at numerous unexpected risks that differ from country to country such as difference with the custom, changes of corporate governance etc. To cope with these new risks effectively, new paradigm for business risk is necessary. Especially, flexibility of thinking like new paradigm is necessary to cope with new security risk effectively. To cope with security risk that occurs in the new business environment effectively and competes against international company in global market, company management and members' changes of cognition about security and innovative changes in security policy is necessary. In the basement of these changes, there is expansion of business security tasks, improvement of report line, enhancement of professionalism and status of security officers, variation of hands-on workers and increasing of investment to the security etc.

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A Study on the Establishment of Business Continuity Management Systems of the Organization During a Pandemic Outbreak (Focusing on the finance correspond case) (유행병 발병 시 조직의 비즈니스연속성 관리체계 구축에 관한 연구(금융회사 사례 중심으로))

  • Kim, Dae Jin;Yang, Seung Weon;Choi, Deok Jae;Kim, Gi Won;Jang, Hyun Min;Kim, Dong Heon;Eun, Min Gyun
    • Journal of Korean Society of Disaster and Security
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    • v.9 no.2
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    • pp.93-101
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    • 2016
  • In recent years, epidemics have raged with a 6-7 years period such as SARS (2002), Swine Flu (2009), MERS (2015). When an epidemic arises, the first advice is the isolation of infected patients and disease areas. Because it appears after a certain incubation period, the peoples worked with Infected (infection cause) staff and the place are largely exposed to the epidemic Risk. If you have an epidemic in the workplace, even if you close it, the business plan should be ready to continue the safety and protection measures for employees and the organization's core business. In this study We present the corresponding measures to protect the safety of the employees and to continue the core business during a pandemic outbreak and the introduction of BCP mainly corresponding practices of financial companies.

On the Necessity for the Development of Natural Disaster Reduction Technology (자연재해 저감기술 개발전망 조사 연구)

  • Kim, Jong-Gurl;Kim, Chang-Soo;Kim, Hyung-Man;Kim, Young-Sub;Koo, Jae-Kyu;Choi, Sung-Won
    • Proceedings of the Safety Management and Science Conference
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    • 2009.04a
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    • pp.167-175
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    • 2009
  • 전 세계적으로 이상 고온, 폭우, 가뭄, 지진, 해일 등이 빈번하게 발생하고 있다. 그 피해 규모도 앞으로 계속 커질 전망이다. 경제활동의 주체인 기업이 이러한 자연 재해로 인하여 지속적이고 안정적으로 운영되지 못하게 된다면 이는 기업자체는 물론 치 열한 글로벌 경쟁체제 속에서 국가경쟁력향상에 상당한 타격을 줄 수 있다. 하지만 우리나라의 기업은 선진국에 비해 상대적으로 자연재해 발생 시 체계적인 방재시스템을 구축하지 못하고 있다. 본 논문에서는 자연재해저감기술 개발의 필요성과 선진국가의 사례들을 통한 우리나라의 자연재해저감기술이 나아갈 방향성을 모색하고자 한다.

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A Study on Factors for Sustaining Period and Willingness of Continuing of Self-employed Business (자영업의 지속기간과 지속의사의 영향요인에 관한 연구)

  • Hong Sung-Hee;Yoo Ka-Hyo;Kang Seyoung
    • Journal of Family Resource Management and Policy Review
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    • v.9 no.1
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    • pp.41-58
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    • 2005
  • The purpose of this study was to analyze the effect of the influencing factors on the continuity and the willingness of continuing self-employment. The sample of 321 was selected from self-employed workers living in Daegu. For data analysis, t-test, multiple regression, and logistic analysis were used. The major findings were as follows : 1. The sustaining period of self-employment were affected by gender, age, and educational attainment of self-employed workers, as well as the amount of starting capital, couple's partnership in business or not, and the type of industry in business. 2. Willingness to continue self-employment is more likely for those who without other income source, have positive vision with future economic prospects, have more satisfied with their self-employed work.

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A Method to Develop for Emergency Response Guidelines using Business Continuity Plan in Chemical Plant (BCP 기법을 활용한 화학공장에서의 사고대응 가이드라인 개발 방법에 관한 연구)

  • Yang, Jae-Mo;Seol, Ji Woo;Yong, Jong-Won;Ko, Sang Wook;Park, Chulhwan;Yoo, Byungtae;Ko, Jae Wook
    • Korean Chemical Engineering Research
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    • v.52 no.6
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    • pp.743-749
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    • 2014
  • Even if many studies for the prevention of accidents in chemical plant have been carried out, recently more severe accidents in chemical plants have occurred continuously. These have a large potential impact and the loss of casualties and economic can vary according to the activities of early emergency responses. Thus, in order to mitigate the impact of accidents, the studies preparing the guidelines for emergency response have to be urgently needed. In this study, the current emergency responses guidelines and regulations in Korea were investigated to find out the drawbacks. And, to tackle these, BCP(Business continuity plan) method was used to improve the activities of early emergency responses as suggesting the basic components, response steps, feedback and procedures of the emergency responses.

A Study on the Awareness of Applying Blockchain to the Fisheries (수산분야 블록체인기술 도입에 관한 인식도 연구)

  • Go, Dong-Hun;Kim, Jong-Cheon
    • The Journal of Fisheries Business Administration
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    • v.52 no.1
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    • pp.65-82
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    • 2021
  • This study utilizes the IPA (Importance-Performance Analysis) method to assess the importance, possibility, and urgency of using blockchain technology for fisheries sectors and the related policies. Based on a field survey targeting experts and stakeholders in the fisheries and blockchain technology sectors, the following major results and corresponding implications are drawn. First of all, the respondents of our survey have an outlook that the introduction and utilization of blockchain will be required in four major parts. These parts include i) the seafood' information system managed by the government or public institutions, ii) traceability and certification process for domestic and foreign seafoods, iii) meeting the need of seafood safety from consumers, and iv) taking prompt actions to seafood safety related accidents. Next, the seafood information system managed by the government or public institutions has been limited in maintaining information consistency and continuity once the fisheries ministries and departments are integrated, closed or partially transferred. Thus, it is assessed that the technology will be able to improve consistency and continuity of the seafood information in case of applying blockchain to the seafood information management system. This result that blockchain is necessary for the seafood information system have a significant implication in Korea's seafood management which has been independently controlled until now. Lastly, the application of blockchain to seafood traceability and certification systems has the most well-known cases through international and domestic pilot projects, and the results of our survey reflect this reality. Our results contribute to showing an additonal characteristics of blockchain in the fisheries sector, resulting in the possiblity that blockchain can be used for taking swift steps in the event of seafood safety accidents and meeting the need of seafood consumers for safety.

The Impact of Customer Value on Relationship Continuity -Focusing on transaction value, relationship value, appraisal value- (기업 간 거래에서 고객가치가 거래지속성에 미치는 영향 -거래가치, 관계 가치, 평가적 가치를 중심으로-)

  • Kim, Hyang-Mi;Lee, So-Young
    • Journal of Digital Convergence
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    • v.14 no.9
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    • pp.123-132
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    • 2016
  • This study starts from the research question that "Why some companies decide to keep working in partnership even when they are not satisfied with the partner companies simply because they are old business partners." The authors try to find the answer in terms of customer value considering the phases of B2B transaction spectrum: transaction value, relationship value and appraisal value implementing empirical research. The result shows that the intension to retain the relation with an existing partner is formed by the trade-off between the benefit and cost of both contract value and relationship value and not the sole value was dominant. The unique point of the study is that current study is considering these two factors as dependent variables which affect the relationship continuity which is not the case in existing researches.

A study on primary control area for information security management system (ISMS): focusing on the finance-related organizations (정보보호 관리체계를 위한 주요 통제영역 연구: 금융 관련 조직을 중심으로)

  • Kang, Youn-chul;Ahn, Jong-chang
    • Journal of Internet Computing and Services
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    • v.19 no.6
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    • pp.9-20
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    • 2018
  • Financial service industry has introduced and operated management systems such as information security management system (ISMS), personal information security management system, business continuity management system to protect and maintain suitably customer's financial information and financial service. This study started that it's desirable financial industry takes consideration of ISMS and it can be different types among various organizations taking consideration of culture, practical work, and guideline of information security. The study derives primary control areas of ISMS through analyzing non-conformity trends and control factors according to certification audit for finance-related organizations introduced international ISMS of ISO27001 which is well known and commonly applicable irrespective of areas in financial service industry. Through case analyses for five finance-related organizations operating ISMS, this study analyzed improvement effects of ISMS. It has a meaning as an initial research though it was difficulty in acquiring data for empirical study because of rare organizations maintaining certification in financial sector. As a result, number of non-confirmity from the first audit to three years' elapse was decreased every year. Physical and environmental security, communication and operations management, and access control having the highest frequency of non-conformity each presented 23%, 19%, and 17%, which reached 59% in total and they are derived into primary control areas. ISMS can fulfill technical, managerial, physical security issues, which have not been treated importantly in financial industry. In addition, this study presented that ISMS can be an effective management system applicable for financial service industry.

Queueing Model for Traffic Loading Improvement of DDoS Attacks in Enterprise Networks (엔터프라이즈 네트워크에서 DDoS 공격의 부하 개선을 위한 큐잉 모델)

  • Ha, Hyeon-Tae;Lee, Hae-Dong;Baek, Hyun-Chul;Kim, Sang-Bok
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.15 no.1
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    • pp.107-114
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    • 2011
  • Today the company adopts to use information management method at the network base such as internet, intranet and so on for the speed of business. Therefore the security of information asset protection and continuity of business within company in relation to this is directly connected to the credibility of the company. This paper secures continuity to the certified users using queuing model for the business interruption issue caused by DDoS attack which is faced seriously today. To do this I have reflected overloaded traffic improvement process to the queuing model through the analysis of related traffic information and packet when there occurs DDoS attack with worm/virus. And through experiment I compared and analyzed traffic loading improvement for general network equipment.