• Title/Summary/Keyword: Company performance

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The Development of The Business Performance Metric: Framework and Application Scenarios (성과지표 수립: 체계와 시나리오)

  • Min, Dae-Gi;Kim, Gwang-Jae
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2005.05a
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    • pp.579-584
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    • 2005
  • A metric is a measure of one factor of a company's performance. The metrics are used to monitor the overall performance of the company for achieving business objectives. Insufficient metrics cannot reflect company's conditions. Therefore, it is important to be equipped with 'good' metrics. This study introduces the concept of metric quality and proposes its dimensions. The study also presents application scenarios that show the role and usefulness of the metric quality.

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The Impact of Servitization on Firm Value : Focused on Fortune 500 Company's Alliance Announcement (서비스화(Servitization)가 기업의 시장가치에 미치는 영향에 대한 연구 : 포춘 500대 기업의 제휴공시를 중심으로)

  • Yoo, Yeon-Sung;Rhim, Ho-Sun
    • Journal of the Korean Operations Research and Management Science Society
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    • v.36 no.4
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    • pp.63-79
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    • 2011
  • In this research, we have investigated the impact of servitization on firm value focused on Fortune 500 company's alliance announcement. The Firms are categorized to understand the impact of servitization and productization. The data includes Fortune 500 companies (2009, USA). Samples used for the hypothesis tests consist of 1,057 American companies that are opened on NYSE and NASDAQ, for the years 1990 through 2010. We test four research hypotheses based upon the various theoretical perspectives in servitization. The market is selective in reacting to alliance category; service company ${\rightarrow}$ manufacturing company, service company ${\rightarrow}$ service company. The findings show that alliance is significant between service company and manufacturing company. Also, the result shows significant relationship inter-service company's alliance. We have a significant relationship between company's alliance announcement and the market value of firms and shows significant AR in financial performance. Finally, this study presents implications for manufacturing companies that pursue service-led expansion as a strategic approach and are seeking to improve market value through alliance, partnership and cooperation. Continual effort must be placed to sustain market value of the firms.

Safety Culture Assessment in Petrochemical Industry: A Comparative Study of Two Algerian Plants

  • Boughaba, Assia;Hassane, Chabane;Roukia, Ouddai
    • Safety and Health at Work
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    • v.5 no.2
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    • pp.60-65
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    • 2014
  • Background: To elucidate the relationship between safety culture maturity and safety performance of a particular company. Methods: To identify the factors that contribute to a safety culture, a survey questionnaire was created based mainly on the studies of $Fern{\acute{a}}ndez-Mu{\tilde{n}}iz$ et al. The survey was randomly distributed to 1000 employees of two oil companies and realized a rate of valid answer of 51%. Minitab 16 software was used and diverse tests, including the descriptive statistical analysis, factor analysis, reliability analysis, mean analysis, and correlation, were used for the analysis of data. Ten factors were extracted using the analysis of factor to represent safety culture and safety performance. Results: The results of this study showed that the managers' commitment, training, incentives, communication, and employee involvement are the priority domains on which it is necessary to stress the effort of improvement, where they had all the descriptive average values lower than 3.0 at the level of Company B. Furthermore, the results also showed that the safety culture influences the safety performance of the company. Therefore, Company A with a good safety culture (the descriptive average values more than 4.0), is more successful than Company B in terms of accident rates. Conclusion: The comparison between the two petrochemical plants of the group Sonatrach confirms these results in which Company A, the managers of which are English and Norwegian, distinguishes itself by the maturity of their safety culture has significantly higher evaluations than the company B, who is constituted of Algerian staff, in terms of safety management practices and safety performance.

An AHP Approach to Evaluate the priorities of Manufacturing Performance Criteria in Korean Automobile Parts Manufacturing Company (AHP에 의한 한국자동차부품제조사의 제조성과기준의 중요도 평가)

  • Kim, Tae-Soo
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.34 no.3
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    • pp.115-122
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    • 2011
  • The critical role played by manufacturing performance measurement systems in achieving competitive success is increasingly recognized. Developing an integrated performance measurement model is significant for strategic management. This study consist of several principal steps. Performance criteria from the literature and an questionnaire were utilized prior to building the performance model. The AHP(Analytic Hierarchy Process) is utilized to evaluate the weight of each criterion when generating the performance measurement model for Korea automobile parts manufacturing company. AHP analysis showed clear difference in the priority between 5 criteria and 24 sub-criteria in terms of manufacturing performance of Korean automobile parts manufacturing company. The result of priority evaluation in the 5 criteria of 2nd level was ranked quality, cost, delivery, employee, flexibility. And the critical sub-criteria in the 24 sub-criteria of 3rd level was ranked claim rate, process defect rate, outsourcing parts defect rate, ability to quality management innovation, claim cost, etc.

Empirical study on the influence of emotional leadership on business performance in the fashion industry - Focused on the moderating effects of organizational culture - (패션기업 CEO의 감성적 리더십이 기업성과에 미치는 영향 - 조직문화의 조절효과 연구 -)

  • Kim, Sook-Hee;Yang, Dong-Woo
    • The Research Journal of the Costume Culture
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    • v.23 no.6
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    • pp.1004-1020
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    • 2015
  • The purpose of this study is to assess whether the emotional leadership of the CEO of a fashion company has a significant influence on corporate performance. In this study, a survey was conducten on employees of fashion companies from August 1 to 30, 2015, and 350 copies of questionnaires were collected and used for analysis. Factor analysis, reliability analysis, and regression analysis were employed to analyze the data using SPSS software (ver. 21.0). According to the study results, if a fashion company CEO has higher emotional leadership, it leads to an increase in the job satisfaction and performance of the staff members, and an improvement in new product performance thanks to more investment and development and an expanded R&D staff. Additionally, the higher emotional leadership of the CEO contributes to an increase in operating profits, sales, and market share. Therefore, the importance of organizational culture was confirmed by its regulation effect on the emotional leadership and management performance of a fashion company. According to the results of this study, the emotional leadership of a CEO plays an important role in improving the performance of a fashion company, and future studies are needed to identify how to enhance the corporate performance of a fashion company from various perspectives.

The Effects of Certification and Listing of Information Security Service Company on Financial Performance (정보보호 전문서비스 기업의 인증 및 상장여부가 재무적 성과에 미치는 영향)

  • Shin, Hyun Min;Kim, Injai
    • Knowledge Management Research
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    • v.21 no.3
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    • pp.197-213
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    • 2020
  • This study analyzed the impact of information security service company certification on financial performance. The purpose of this study was to analyze the effect of the "Information Security Service Certification Company" system from a financial point of view for information security service certified & non-certified companies, and listed & unlisted companies. From a financial point of view, performance analysis was conducted using two-way ANOVA on sales, operating profit, and profit rate. This study verified whether there is a difference in management performance between an information security service certified company and an uncertified company. In the financial performance indicators of sales, operating profit, and profit rate, the information security service certification system showed an impact on financial performance because the information security service certification company showed better management performance than the uncertified company. The implications of this study are that the empirical performance analysis from the financial point of view of the information security service certified company system can be used as a basis for negative regulatory policies to revitalize the information security industry in the future, contributing to the growth of information security companies with excellent growth potential.

Development of High Performance MEA by Decal Method for PEM Fuel Cell (데칼 공정을 적용한 고성능 MEA 개발)

  • Lee, Ki-Sub;Lee, Jae-Seung;Kwon, Nak-Hyun;Hwang, In-Chul
    • Transactions of the Korean hydrogen and new energy society
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    • v.22 no.5
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    • pp.585-591
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    • 2011
  • This study has focused on the development of high performance membrane-electrode assemblies (MEAs) fabricated by decal method for proton exchange membrane fuel cell (PEMFC). To study the effect of ionomer contents on performance, we fabricated MEAs with several electrodes which were prepared by varying the quantity of ionomer from 20 wt.% to 45 wt.% in catalyst layer. The MEA performance was obtained through single cell test. The MEA prepared from electrode with 25wt.% of ionomer showed the best performance. We evaluated the surface area and pore volume of electrode with BET. We found that the surface area and pore volume in electrode decreased rapidly at the electrode with 40wt.% of ionomer in catalyst layer. MEA was fabricated by roll laminator machine and the roll laminating conditions for the preparation of MEA, such as laminating press, temperature and speed, were optimized. The MEA performance is not affected by laminating temperature and speed, but roll laminating press have a great effect on MEA performance.

The Effect of Family Ownership and Corporate Governance on Firm Performance: A Case Study in Indonesia

  • MUNTAHANAH, Siti;KUSUMA, Hadri;HARJITO, D. Agus;ARIFIN, Zaenal
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.697-706
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    • 2021
  • This quantitative study aims to examine the effect of family ownership on company performance empirically. Specifically, this study examines the moderating effect of corporate governance on the relationship between family ownership and company performance which has never been explored in the previous studies. This study's main target population was all listed companies in the Indonesian Capital Market Directory (ICMD) for 2008-2018. The study used criteria, namely data completeness, to measure research variables and obtained 2996 data or firm-year observations. The research contingency model to test the proposed hypothesis was the General Moment Method (GMM). The study presents the results of data descriptions shows the average, median, maximum, minimum, and standard deviation values for each variable. The descriptive data shows that family ownership is common in Indonesia: 64% of 244 companies in the sample. The inferential analysis results using a multiple regression model test show that family ownership significantly reduces company performance. However, corporate governance proxied by the board of directors, managerial risk profile, and independent commissioners significantly moderate the relationship between family ownership and company performance. Besides, the managerial risk profile and independent commissioners strengthened while the board of commissioners' presence weakened the effect of family ownership on performance.

A study on The Organizational Characteristics of SMEs on Market Performance through the Acceptance of Open Innovation -Focused on Woman's SMEs- (조직의 특성이 개방형 혁신 수용을 통한 시장성과에 미치는 영향 - 여성기업을 중심으로 -)

  • Seo, Yong-Mo;Hyun, Byung-Hwan
    • Journal of the Korea Convergence Society
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    • v.10 no.11
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    • pp.131-141
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    • 2019
  • This study is an empirical analysis of the characteristics of the organization and the performance of the company. The characteristics that make up the culture of a company's organization determine its success. Overcoming the company's closed cultural characteristics, entrepreneurial orientation, delegation, openness of organizational culture, and R&D capabilities have a positive impact on the company's performance. These characteristics of the company also play a positive role in embracing open innovation to generate innovative results. The characteristics of a company positively consider the acceptance and utilization of external resources. These variables proved that the nature of a company's organization is a factor in generating a company's performance. In this process, open innovation and the acceptance of external resources also proved to be a positive factor in generating corporate performance. The contents of this study provide an academic basis for the variables that build corporate organizational culture and provide a practical attitude to the role of leaders in managing corporate organizational culture. This study is focused on women's SMEs. n future research, the overall characteristics of the company will be considered. In addition, this study attempts to verify by applying various variables for generating performance of domestic SMEs by reflecting overcoming regional limitations.

Effect of Fitness Among CEO characteristics, Company's Innovation, Management on the Performance of Organization (CEO특성, 경영혁신, 경영통제시스템 적합성이 재무성과에 미치는 영향)

  • Jung, Jae-Jin
    • The Journal of the Korea Contents Association
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    • v.13 no.5
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    • pp.377-386
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    • 2013
  • The purposes of this study is to examine the effect of fitness Among Characteristics of CEO, Company's innovation and Management Control on Organization Performance. CEO characteristics are investigated by the risk-taking propensity, need for achievement. Company's Innovation are measured by product innovation, technological innovation. Management control are applied by action control and result control. Organization performances are analyzed by internal performance, growth performance, financial performance. the research methodology applied in this paper is contingency theory by Drazin and Van de Ven(1985) - selective approach, Interaction approach, system approach. This paper was applied by the Three way interaction term among CEO characteristics, Company's Innovation and Management control to analyze the influences to the organization performances. As a result of this paper, there are the differences between Two way interaction terms or three way interaction terms to affect the organization performances. this paper can confirm the desirable combinations between two or three variables(CEO characteristics, Company's Innovation and Management control) to affect significantly to the particular organization performance.