• Title/Summary/Keyword: CEO support

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A Study on the Effects of Entrepreneurship and Innovative Competence on Firm's Performance in Korean ICT SMEs: Focusing on Moderating Effect of Social Capital (ICT중소기업의 기업가정신과 혁신역량이 기업성과에 미치는 영향에 관한 연구: 사회적 자본의 조절효과 분석을 중심으로)

  • Roh, Doo-Hwan;Park, Ho-Young;Chang, Suk-Gwon
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.13 no.4
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    • pp.217-231
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    • 2018
  • In Korea, small and medium sized domestic enterprises(SMEs) play an pivotal role in the national economy, accounting for 99.8% of all enterprises, 87.9% of total employment, and 48.3% of production. and SMEs were driving a real force of the development of national economy in many respects such as innovation, job creation, industrial diversity, balanced regional development. Despite their crucial role in the national development, most of SMEs suffer from a lack of R&D capabilities and equipments as well as funding capacity. Government-Supported Research Institute(GRI) can provide SMEs with valuable supplementary technological knowledges and help them build technological capacities. so, In order to effectively support SMEs, government and GRI must be a priority to know about the factors influencing the performance related to technology transfer and technological collaborations. The purpose of this study is to analyze the influence of Innovative competences and CEO's entrepreneurship on Organizational performance in ICT small and medium enterprises, including the moderating effect of Social capital. This study adopted research variables such as Innovative competence, CEO's entrepreneurship as independent variables, with Organizational performance as a dependent variable, including the moderating variable of Social capital. 1,200 companies data which in the field of ICT SMEs were collected from the survey. The result of this empirical study is summarized as follows, First, CEO's entrepreneurship was confirmed to have a significant effect on organizational performance, and social capital variables were confirmed to have a moderating effect between entrepreneurship and organizational performance. Second, it was found that the company's Innovative competence was significantly affected the organizational performance. and also that social capital variables moderating effects. From these findings, it was confirmed that the Innovatibe competence plays an important role in influencing corporate performance.

The value relevance of R&D expenditures according to the age of the replaced CEO (연구개발지출과 기업가치의 관계에 교체된 경영자의 나이가 미치는 영향)

  • Ha, Seok-tae;Kim, Eun-sil;Cho, Seong-pyo
    • Journal of Technology Innovation
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    • v.30 no.3
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    • pp.1-34
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    • 2022
  • This study examines the effect of CEO age on the value relevance of R&D which is the relationship between R&D expenditures and firm value. The value relevance of R&D expenditures is higher in companies with current older CEOs, while the relationship in companies with younger CEOs is lower than that of other companies. These results suggest that older CEOs tend to be conservative and make prudent R&D investment decisions. Because they make systematic investment decisions with rich experience, they are expected to have higher investment performance in the market. On the other hand, young CEOs choose risky investments in order to have their abilities highly evaluated in the labor market. The market places a high degree of risk on the R&D decision-making of young CEOs. Next, we analyze whether the age of the replaced CEOs affects the relationship between R&D expenditures and firm value. The result shows that the change of management increases the effect of R&D expenditure on firm value. However, in the case of being replaced by a younger CEO, this positive relationship becomes lower than that of other companies, showing results consistent with the case of the current younger CEO. The samples are analyzed by dividing them into conglomerates and non-conglomerates. In conglomerates, the age of the replaced CEOs does not affect the value relevance of R&D expenditures. Only non-conglomerates showed a negative (-) effect on the replaced younger CEOs. These results suggest that conglomerates maintain the stability of R&D management and performance so that the performance of R&D expenditures is not significantly affected by the age of the replaced CEOs. The reason is that mutual checks and support are coordinated within the group through decentralization of work and systematization of decision-making. This study shows evidence that the relationship between R&D expenditure and firm value according to the age of the replaced CEO is a phenomenon that only occurs in non-conglomerates. This phenomenon suggests that conglomerates are stably managing their R&D performance regardless of the change of CEOs or the characteristics of the CEOs.

Identification of Factors Affecting Industrial Innovation Movement of SME's Using Revised IPA Technique (Revised IPA 기법을 활용한 국내 중소제조업의 산업혁신운동에 영향을 미치는 요인규명)

  • Koo, Il Seob
    • Journal of the Korea Safety Management & Science
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    • v.21 no.3
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    • pp.1-9
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    • 2019
  • The Industrial Innovation Movement, based on win-win cooperation with SMEs, is a structure that enables suppliers who have struggled with corporate growth through productivity innovation due to poor manufacturing environment and lack of innovation. To this end, consultants and technical experts will support production innovation activities to improve production methods and improve productivity through process and management consulting. The purpose of this study was to explore the driving factors of the industrial innovation movement to improve the corporate ecosystem by improving the productivity of SMEs using modified IPA. The research results are as follows. First, in order to revitalize the Industrial Innovation Movement, the CEO-related elements of the participating companies should be maintained and strengthened. The motivation, education support, innovation organizational culture, the establishment of an innovation promotion system requires centralization of efforts for improvement. Second, in order to revitalize the Industrial Innovation Movement, the consultant's ability to analyze problems and suggest alternatives should be continuously strengthened. Third, in terms of the Central Promotion Headquarters, it was found that the Industrial Innovation Movement would be successful if the public information, industrial inspection for benchmarking, and provision of various information to support innovation activities were urgently improved.

Analysis of Management Performance Change of Korean Agricultural Co-operatives around CEO turnover (국내농협 경영성과 변화와 최고경영자 교체에 대한 분석)

  • Lee, Hyun-Chang;Park, Seong-Taek;Song, Kyo-Jik
    • Journal of Digital Convergence
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    • v.15 no.11
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    • pp.175-185
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    • 2017
  • This paper aims to determine whether the changes in management performance of domestic agricultural cooperatives had an effect on the election results of Korean Agricultural Cooperatives in 2015. Financial performance data (2012-2015) prior to the Nation-wide Cooperatives elections in 2015 were reviewed to determine the impact of the election outcome on the election results. 2SLS Probit regression analysis shows that the significant parameters for incumbent president turnover in the 2015 election were the candidates' age, net profit decrease in 2014, and ROA comparison to similar asset-size group. These results support the conclusion that the union members of KAC consider whether the age of president is over 60, whether the net profits of the cooperatives are worse than the previous year, and compare the results of similar groups' managerial performance (ROA).

Influence Factors of Innovation Resistance of Cloud Computing Service: Focus on Small and Medium Enterprises (클라우드 컴퓨팅 서비스의 혁신저항 영향요인: 중소기업을 대상으로)

  • Lee, Sanghoon;Choi, Jeong Min
    • Journal of Digital Convergence
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    • v.18 no.12
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    • pp.105-115
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    • 2020
  • The purpose of this study is to investigate the factors influencing the innovation resistance of cloud computing services and to suggest policy alternatives to increase the use of domestic cloud computing services. For this, a survey was conducted on 178 SMEs that introduced cloud computing services with government support. As a result, technostress, CEO informatization leadership and organizational structure concentration had a significant influence on innovation resistance. Therefore, in the future, first, it is necessary to provide user-centered cloud computing services in the direction of reducing technostress. Second, it is necessary to apply cloud computing services through a deeper understanding of the organizational characteristics of each small and medium enterprise. Third, there is a need for advanced security authentication and a compensation system. In order to promote the use of cloud computing services, an environment in which users can safely use should be prepared first.

Evolving Business Models to Support the Growth of Technology-based Start-up Firms

  • Parry, Malcolm
    • World Technopolis Review
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    • v.5 no.2
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    • pp.86-97
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    • 2016
  • There is both a commercial and social imperative for innovation-led economic development. The data on inventions shows the importance of cities in the role of creating this important foundation to innovation. The importance of new venture firms in the innovation process of taking inventions to market is widely recognised, and with this recognition the science parks and science cities are working to understand and replicate the social, business and technology environments which are most fertile for these companies. This paper reviews how those with an interest in this process have addressed this challenge with new business practices and planning activities. It draws particularly on the experiences of Tech City in London and the Surrey Research Park

The effects of Supply Chain Management Factors on the Performance of SCM Adoption in Textile/Apparel Firms

  • Shin, Sang-Moo
    • Journal of Fashion Business
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    • v.9 no.3
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    • pp.37-46
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    • 2005
  • The purpose at this study was to investigate how component factors at SCM affect the performance at textile and apparel firms in a competitive market. For the methodology at this study, the questionnaire was developed based upon the literature review. 150 questionnaires were distributed to the CEOs, CMOs, and experts who operate SCM in textile and apparel firms. The returned usable 85 were analyzed by SPSS10.0 with multiple regression analysis and Cronbach's Alpha for internal consistency and reliability. The performance at the textile and apparel firms that adopted SCM was affected by information system, partnership, and business environment in a descending order. For details, the performance of the textile and apparel firms that adopted SCM was affected by computerization, information sharing, CEO's concern, alliance, and support in a descending order.

The Impact of the Organizational Characteristics, IS Basis, IS Planning Capability and IS Quality on the CRM Performance (조직특성, IS 기반, IS 기획능력 및 IS 품질이 CRM 성과에 미치는 영향)

  • Lee, Seung-Myoung;Kim, Eun-Hong
    • Journal of Information Technology Services
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    • v.4 no.1
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    • pp.71-105
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    • 2005
  • The purpose of this study was to test various variables that affect CRM performance in order to evaluate CRM performance. The results of the proposed research hypotheses are as follows; First, the IS based factors perform more important roles on system and information quality compared to organizational factors. Second, the variables of IS and planning capability playa role as a parameter. Third, among organizational factors, non-structural factors such as degrees of acceptance of business transition, support of CEO, and customer-orientation perform more important roles on CRM. Fourth, IS based factors have bigger Impact on information quality than system quality. Fifth, it was proven that IS quality, proposed as a parameter and as a dependant variable, and CRM have significant relations.

An Empirical Study on the Leadership for Successful Knowledge Management Systems Development (성공적인 지식관련시스템 구축을 위한 리더십에 관한 연구)

  • Lee, Byung-Ku;Lee, Kyung-Hwan;Kim, Jong-Weon
    • Journal of Korea Society of Industrial Information Systems
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    • v.11 no.5
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    • pp.86-97
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    • 2006
  • Many organizations are operating knowledge management(KM) for their competitive advantage in dynamically changeable markets. To support KM successfully, they are considerably investing in knowledge management systems(KMS) development. By using KMS, organizations can lead to the improvement of their employees' knowledge level and the removal of inefficient tasks, consequently resulting in their competitive edge. On the basis of the power process perspective, this study investigates the CEO leadership and its organization's performance for successful development of KMS.

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A qualitative study on phases of growth process and on growth barrier in farm enterprise (농업경영체의 성장단계와 성장장벽의 구명에 관한 연구)

  • Kim, Sa-Gyun;Yang, Suk-Joon;Park, Heun-Dong;Choe, Young-Chan
    • Journal of Agricultural Extension & Community Development
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    • v.17 no.3
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    • pp.475-504
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    • 2010
  • This study focuses on the discovering problems which have been encountered while the farm company grew from one-man business to big company. We divide a growth process of farm company into 7 phases, and analyze the problems of each phase of growth process of farm company by theoretically and empirically. The logical model methodology is selected to test the basic model, and we use 6 cases to test suggested basic model. The results of this study are as follows. It suggests that the CEO of farm enterprise or its policy maker can understand what kinds of problem they meet while the farm enterprise grew from one-man business to big company, and they can make better strategies or better support policies.