• Title/Summary/Keyword: Business success

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A study on the success factors for six sigma in Public Corporations (공기업에서의 식스시그마 성공요인에 관한 연구)

  • Cho, In-Hee;Yoon, Seong-Pil;Jung, Kyung-Hee
    • Journal of the Korea Safety Management & Science
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    • v.10 no.3
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    • pp.183-191
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    • 2008
  • Many companies desperately effort to find out more effective management method to survive in keen competition. Jack welch of past GE's CEO had said that an excellent result of today's GE management is thanks to Six sigma work. Many korean companies are introduced Six sigma method in their management since late 1993. Six sigma uses a set of strategies, statistics and methods to improve the processes we use to do everything from designing to manufacturing a product from marketing products and services to providing business information to our internal and external customers. The purpose of this study is to overcome these problems and to help make an important decision in establishing introduction strategy by abstracting the reasons and success factors and result indices which are important sources for introducing Six sigma management.

A Study on Critical Success Factors for Enterprise Systems Implementation: A Failure Case Analysis Based on Process Theory (엔터프라이즈 시스템 구현의 핵심성공요소에 관한 연구: 프로세스이론을 기반으로 한 실패사례 분석)

  • Kim, Hee-Woong;Kwahk, Kee-Young
    • Journal of Information Technology Services
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    • v.6 no.3
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    • pp.251-272
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    • 2007
  • Although Enterprise Systems (ES) have promised major strategic benefits and process improvements from business and technology integration, their implementation has been plagued by a high failure rate and difficulty in realizing the promised benefits. For the purpose of understanding implementation failures, previous studies have focused on identifying critical success factors (CSFs) for information systems implementation. However, there has been little research on how these CSFs actually lead to successful results. In this study, based on process theory, we examined the process of ES implementation by explaining how the factors of ES implementation influence each other and how interaction among them produces results. Based on a failure case, we then developed a process model of ES implementation thus allowing us to explain the process of ES implementation. The proposed model facilitated an understanding of how repeating patterns of ES failure can be reversed. This model can be used for guiding new ES implementation projects.

Acknowledge Reusable Information in SAMsung SDS: Knowledge Management of SamsungSDS (언제나 마르지 않는 크고 깊은 샘: 삼성SDS의 지식 경영 사례)

  • Yim, Myung-Seong
    • Journal of Digital Convergence
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    • v.11 no.10
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    • pp.321-329
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    • 2013
  • The purpose of this study is to provide success factors to help the firms who are supposed to initiate knowledge management. To do this, this study investigate the case of knowledge management practice of Samsung SDS in detail. In doing so, we can identify the success factors for knowledge management. We can find failure and success factors through knowledge management in Samsung SDS. By doing so, it may be possible to "how to do it". "It" is about introduction to the knowledge management.

'Lean Startup' : The Way to Reduce the Failure Rate of Startups ('린 스타트업' : 창업 초기기업의 실패 최소화 전략)

  • Cho, Sungju;Lee, Sang-Myung;Park, Byung-Jin
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.4
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    • pp.41-53
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    • 2014
  • There has been lots of discussions and new policies to encourage people to start new businesses. However, they key issue such as how to raise the success rate of new start-ups still needs to be resolved. Many believe that the success of policies and discussions for promoting entrepreneurship in Korea highly depends on how to lower the risks with which early stage start-ups encounter. In this backdrop, this study aims at providing an emerging approaches in entrepreneurship, 'lean start-up', which can work as an effective method with which early stage entrepreneurs can minimize challenges they face. Even though lean start-up is a widely accepted concept among practitioners and recognized as a useful tool for entrepreneurship and education, but has not got deserved attention from the academic world. This paper offers basic framework and key principles of lean start-ups, furthermore, shows Korean cases of step-by-step application methods of its concepts. It also suggest key issues in adopting lean start-up strategy. This study has implications and contributions for entrepreneurs, educators and researchers through providing comprehensive perspectives on process of the lean start-up strategy.

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Open Innovation in Venture Firms: the Impact of External Search Strategy on Innovation Performance of Korean Manufacturing Firms (벤처기업의 오픈이노베이션: 외부 지식 탐색 전략과 한국 제조업의 혁신성과)

  • Chai, Dominic Heesang;Choi, Yoon Young;Huh, Eunji
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.1
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    • pp.1-13
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    • 2014
  • This study examines the relationship between firms' external search strategy and their innovation performance. In addition to revisiting the relationship between open search strategy and product innovation, we further extend the impact of use of external knowledge sources to process and organizational innovation. Using the 2010 Korean Innovation Survey (KIS) of manufacturing firms, we report that on average, venture firms search more widely (external search breadth) and deeply (external search depth) across a variety of external search channels than non-venture firms. We then further explore the impact of venture and non-venture firms' use of external search strategies on innovation performance. We find that both searching widely and deeply increase the likelihood of non-venture firm's successes in product, process and organizational innovation. Similar results can be found for the venture firm's success in organizational innovation. However, only searching deeply increases the likelihood of venture firms' success in product and process innovation.

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Franchisees' Entrepreneurship and Business Performance (프랜차이즈 가맹점주의 기업가정신과 성과)

  • Jeon, Yoonchul;Choo, Seungyoup;Limb, Seong-Joon
    • The Journal of the Korea Contents Association
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    • v.17 no.3
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    • pp.408-420
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    • 2017
  • A franchisee owner, as an entrepreneur who is independent from a franchisor, has the greatest influence on the success of franchisee business. The effect of the franchisees' entrepreneurship on their performance can be different from that of self-employed business owners, due to the fundamental nature that the franchisor and franchisees share a standardized operation and business risks. Therefore, the purpose of this study is to demonstrate whether or not the relationship between the entrepreneurship and the performance, which has been popularized in general, is displayed in franchised stores as well. The current study analyzed the influence of innovativeness, risk-taking, and proactiveness on franchisees' performance based on the samples from 109 Small Size Educational Services franchisees. The results show that the franchisees' proactiveness is the only variable that affects the performance while the effect of the other variables was not significant. These results make implications that, for their business success, franchisee owners should be proactive in their target market, without compromising the quality of franchisor's standardized products and services by being innovative and risk-tolerant.

The Effect of Success Factors of Corporate Knowledge Management on Business Fidelity and Organization Performance: focusing on the mediating effect of organizational learning (기업의 지식경영 성공요인이 직무충실도 및 조직성과에 미치는 영향 : 조직학습의 매개효과를 중심으로)

  • Jeong, Myoung-Sun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.11
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    • pp.381-389
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    • 2017
  • Recently, due to the continuous changes in the business environment and increased competition, enterprises are introducing technology management to increase their value and enhance their competitiveness. In this study, based on the structural equations model, we investigated the effects of the core success factors of knowledge management on job fidelity and organizational performance and the mediating effects of organizational learning. In addition, organizational culture and information technology and process were assumed to be the key factors affecting knowledge management, and organizational learning was represented by experimental learning, indirect learning, and shared learning. As a result, it was found that knowledge management positively affects business fidelity and organizational performance and, even when it is mediated by organizational learning, it positively affects business fidelity and organization performance directly or indirectly. Therefore, we were able to confirm the importance of utilizing knowledge management in companies and to suggest an appropriate application scope for applying knowledge management and organizational learning.

A study on business effectiveness and orientation of Jahwal companies (자활기업의 사업효과성 및 지향성에 관한 연구)

  • Kim, Jae Ho
    • The Journal of the Convergence on Culture Technology
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    • v.6 no.4
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    • pp.187-193
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    • 2020
  • This study is on the business effectiveness and orientation of 45 Jahwal companies in Chungnam and Sejong Province. A survey was conducted on representatives of Jahwal companies in Chungnam and sejong area to analyze their effectiveness and orientation. Business effectiveness was analyzed through employment effectiveness. And orientation has derived the success factors of the enterprise based on the current management situation. The key factors to be finally oriented were analyzed Based on the results of this study, the effectiveness of the business through the employment effect was positively assessed. In particular, it was able to infer the dehydration effect of the vulnerable. Market creation and securing funds are the most important factors behind the success of jahwal companies. Key management factors that are oriented toward sustainability have been shown to be profit-making and job creation. It was analyzed that jahwal companies are pursuing social purposes.

A method to build competitive strategy based on the ubiquitous business model repository (유비쿼터스 비즈니스 모델 저장소를 이용한 경쟁 전략 수립 방법)

  • Song, Hee-Seok;Han, Kwan-Hee;Yeo, Jae-Hyun;Park, Gwang-Man;Lee, Kwang-Hee
    • IE interfaces
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    • v.21 no.3
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    • pp.283-293
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    • 2008
  • It is important to choose and develop right business model in the process of implementing the ubiquitous service concept. In particular, it is also required to build a method which can assist in establishing a business model in a competitive perspective to differentiate business strategy. However, we could not find the existing studies which tried to develop business model including methods on how to differentiate business strategy in a competitive environment. In this study, we propose an ontology for repository of ubiquitous business model and address on how to apply the proposed business model repository to real ubiquitous industry. We also built a repository of unlicensed wireless device industry to check the applicability of proposed ubiquitous business model ontology and to show the various examples. We expect that building the business model repository contributes to reduce the redundancy and inefficiency for industry as well as to increase likelihood of business success for an individual company.

A Study on The e-Business Strategy and Corporate Performance (e-비즈니스 전략유형과 기업성과에 관한 연구)

  • Kim, Hee-Cheol;Moon, Young-Ja
    • International Commerce and Information Review
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    • v.9 no.3
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    • pp.33-57
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    • 2007
  • This study tests e-business performance difference of the inter group by strategy type through the cluster analysis, after confirming the linear relationship between the e-business strategy type and its performance. According to the result of the study the effect on the e-business performance reveals to differ by the e-business strategy type. That is to say, while the firm's information system performance, e-business realization and the inter group competition dominance are affected positively by the e-process strategy, web application strategy and customer attracting strategy. This confirms that the information system performance, the realization performance and the competition dominance are affected by e - business strategy type. The key factor leading to the success of e-business is the commitment of e-process strategy and web application strategy. For the case of the customer attracting strategy the result shows the importance of the strategy. In the cluster group analysis, the additional analysis, the effect is seen to be more powerful in the firm's information system performance, e - business realization and securing the competition advantage for the case of the multiple strategy than that of single one. Accordingly, the firm needs to adopt the multiple strategy suited for the characteristic of the firm rather than the single strategy.

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