• Title/Summary/Keyword: Corporate Decision Making

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Exploring the Performance of Multi-Label Feature Selection for Effective Decision-Making: Focusing on Sentiment Analysis (효과적인 의사결정을 위한 다중레이블 기반 속성선택 방법에 관한 연구: 감성 분석을 중심으로)

  • Jong Yoon Won;Kun Chang Lee
    • Information Systems Review
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    • v.25 no.1
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    • pp.47-73
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    • 2023
  • Management decision-making based on artificial intelligence(AI) plays an important role in helping decision-makers. Business decision-making centered on AI is evaluated as a driving force for corporate growth. AI-based on accurate analysis techniques could support decision-makers in making high-quality decisions. This study proposes an effective decision-making method with the application of multi-label feature selection. In this regard, We present a CFS-BR (Correlation-based Feature Selection based on Binary Relevance approach) that reduces data sets in high-dimensional space. As a result of analyzing sample data and empirical data, CFS-BR can support efficient decision-making by selecting the best combination of meaningful attributes based on the Best-First algorithm. In addition, compared to the previous multi-label feature selection method, CFS-BR is useful for increasing the effectiveness of decision-making, as its accuracy is higher.

A Study on the Corporate Culture and the Organizational Effectiveness (기업문화와 조직유효성에 관한 연구)

  • 김재붕;양시영
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.20 no.44
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    • pp.425-446
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    • 1997
  • In recent years, a scholars and a managers in business have taken a more interest on the effects of corporate culture on the organization effectiveness. The corporate culture has been recognized as one of the way to promote the organization performance and cope with the changes of the business environment. Edgar H. Shein defins the corporate culture as the that the pattern of basic assumptions that a given group has invented, discovered or developed in learning to cope with its problems of external adaptation and internal integration. The organization effectiveness is differently defined as the job satisfaction, job involvement, organizational commitment, organizational performance etc. The business culture help the employee (1) understand the values, the tradition, and the different management systems(decision-making basis, promotion, reward, behavior etc.) of the company, (2) make the performance-oriented decison and doings. Consequently, the excellent corporate culture would improve the organizational effectiveness. The purpose of this study is (1) to examine theoretically the content on the corporate culture and the organizational effectiveness, (2) to suggest the direction of the corporate culture management for both the management md the scholars.

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Leveraging LLMs for Corporate Data Analysis: Employee Turnover Prediction with ChatGPT (대형 언어 모델을 활용한 기업데이터 분석: ChatGPT를 활용한 직원 이직 예측)

  • Sungmin Kim;Jee Yong Chung
    • Knowledge Management Research
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    • v.25 no.2
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    • pp.19-47
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    • 2024
  • Organizational ability to analyze and utilize data plays an important role in knowledge management and decision-making. This study aims to investigate the potential application of large language models in corporate data analysis. Focusing on the field of human resources, the research examines the data analysis capabilities of these models. Using the widely studied IBM HR dataset, the study reproduces machine learning-based employee turnover prediction analyses from previous research through ChatGPT and compares its predictive performance. Unlike past research methods that required advanced programming skills, ChatGPT-based machine learning data analysis, conducted through the analyst's natural language requests, offers the advantages of being much easier and faster. Moreover, its prediction accuracy was found to be competitive compared to previous studies. This suggests that large language models could serve as effective and practical alternatives in the field of corporate data analysis, which has traditionally demanded advanced programming capabilities. Furthermore, this approach is expected to contribute to the popularization of data analysis and the spread of data-driven decision-making (DDDM). The prompts used during the data analysis process and the program code generated by ChatGPT are also included in the appendix for verification, providing a foundation for future data analysis research using large language models.

Research Trends in Information Security Economics : Focused on Information Systems Journals (보안경제성 연구동향 분석 : IS 저널 중심으로)

  • Kang, Mi-Hwa;Kim, Tae-Sung
    • Journal of Information Technology Applications and Management
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    • v.23 no.1
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    • pp.79-96
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    • 2016
  • As numerous security breaches on a variety of information assets such as personal information, corporate secrets, computer servers, and networks have occurred, information security has emerged as a critical social issue. However, researches on economically rational information security decision-making have been few. Such researches are especially rare in South Korea where information security is considered to be a discipline of engineers. This study aims to identify the preferred themes and methodologies of information security economics research in the field of information systems by reviewing papers published in Management Information Systems Quarterly (MISQ), Information Systems Research (ISR), European Journal of Information Systems (EJIS), Management Science (MS), and Information and Management (I&M). We hope that the results of the study will be helpful in rational managerial or policy decision-making for practitioners and suggest future research topics for researchers.

The Effect of Corporate Strategy and IT Role on the Intent for IT Outsourcing Decision (조직의 전략과 정보기술 역할이 아웃소싱 의도결정에 미치는 영향)

  • Cho, Dong-Hwan
    • The Journal of the Korea Contents Association
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    • v.8 no.2
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    • pp.182-194
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    • 2008
  • Corporate managers look at IT outsourcing as long-term strategic choices not as short-term tactical ones, and maximizing the effect that IT outsourcing brings about is the main concern to them. Emerging different types of IT outsourcing and their effects on the corporate business decisions necessitate the research on this subject. According to previous researches, the Intent for IT outsourcing is categorized as IS Improvement, Business Impact, and Commercial Exploitation. The decison factors for these IT outsourcing include corporate strategy types, IT role, and interaction between these two. Firm size and IT maturity are selected as moderating factors to add the credibility to the research of the effect of IT outsourcing decision making. Analyzing collected data revealed that corporate strategy rather than IT role is more significant factor affecting the intent for IT outsourcing decision. Defenders(as in corporate strategy types) tend to use IT outsourcing more as a means to improve information systems, compared to analyzers and reactors. Prospectors tend to use IT outsourcing more as a commercial exploitation, compared to analyzers and reactors. These outcomes prove that corporate strategy characteristics reflect outsourcing intent. There were previous researches that showed outsourcing decision depends on IT role, however the hypothesis was rejected that IT role determines outsourcing intent. It was also rejected that the interaction between corporate strategy types and IT role determines outsourcing intent. Corporate decision makers should first analyze corporate strategy, and reflect it on the outsourcing intent when they make IT outsourcing decisions. Only the precise defining of IT outsourcing intent will lower the risk and increase the possibility of success.

The Effect of Corporate International Diversification on Cost Stickiness (기업의 국제다각화가 하방경직적인 원가행태에 미치는 영향)

  • Rhee, Chang Seop;Woo, So Hee;Rhee, Hyun Jung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.9
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    • pp.100-107
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    • 2018
  • This study investigated the effect of corporate international diversification on cost stickiness. A cost behavior that indicates a lower rate of cost reduction when the volume of sales decreases than the rate of cost increase when the volume of sales is increased is called cost stickiness. This cost behavior is caused by decisions made by considering the adjusting costs of the manager, and for corporate international diversification, the decision making on the adjustment cost of the manager has been reduced by the offsetting accruals hypothesis. From the empirical results, we observed that the cost stickiness of international diversified companies decreases. It is expected to contribute to the capital market and academia by identifying whether corporate international diversification can have a significant impact on management decision making related to costs.

Development of Prediction Model of Subcontract's Bidding-Ratio for Private Apartment Projects (민간 공동주택 하도급 낙찰률 예측모델 개발)

  • Jang, Ki-Suk;Koo, Kyo-Jin
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2021.11a
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    • pp.250-251
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    • 2021
  • A subcontract work order is the basis of the construction process and consists of the root and trunk of the construction industry. The construction process through a subcontract work order is an important element of project success, and it is the basic unit of creating profit in the construction industry. Therefore, correct analysis and forecasting of subcontract work orders allow correct estimation of construction cost and profit which is the foundation of corporate decision making. This study has started to provide predictions of subcontractor's bidding-ratio for decision-making. Since the actual project data has been used in this study, the contribution level of the model is highly expected in actual field. The statistical confidential level of adjusted decision coefficient is concluded low because of limited sample numbers. However, its accuracy and confidence level can be increased through increasing sample numbers, considering more variables, and studying of reducing error.

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Impact of SME's Open Innovation and Organization Capabilities on Corporate Performance (중소기업의 개방형 혁신 역량과 조직 역량이 기업 성과에 미치는 영향)

  • Lee, Sang-Jik;Park, Kyung-Hi
    • Journal of Digital Convergence
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    • v.19 no.11
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    • pp.235-246
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    • 2021
  • This study analyzed the effects of SMEs' open innovation capabilities and organization capabilities to lead these innovations on corporate performance. For this purpose, an empirical analysis was conducted targeting 250 small and medium-sized enterprises(SMEs) employee. The empirical study results are as follows. Absorptive capability, relational capability, CEO's innovativeness, employee's innovativeness, and decision-making openness had a significant positive (+) effect on the non-financial performance of SMEs. It was analyzed that multiplicative capability did not significantly affect non-financial performance. On the other hand, absorptive capability, relational capability, CEO's innovativeness, and decision-making openness had a significant positive (+) effect on the financial performance of SMEs. It was analyzed that multiplicative capability and employee's innovativeness did not significantly affect financial performance. Decision-making openness and absorptive capability were analyzed as factors that have an most important influence on a company's financial and non-financial performance. Based on these research results, academic and practical implications were presented.

Strategic Analysis Evolution: Scenario Planning and Simulation Based on The Methodology of System Dynamics

  • Bassi, Andrea M
    • Korean System Dynamics Review
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    • v.5 no.2
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    • pp.199-216
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    • 2004
  • The present study is aimed at developing the optimal instruments for dispelling the uncertainty factors during the formulation of strategies for corporate development. The objective is the creation of a complete model of strategic analysis, which encompasses both the environment (internal and external) and the management rational component. This model -built on the analysis of three corporate cases - is concretized by a simulation for testing the strategy by the means of software which enables the users to cope with a dynamic and complex corporate environment. The research questions regard the development of a complete strategic analysis, which covers the entire decision-making process; the concrete assessment of the business strategy on the basis of quantitative data: the identification and enhancement of the critical variables of business administration, in such a complex and dynamic reality as the corporate environment.

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A Framework of Outsourcing Decision-Making for Human Resource Information Systems

  • Lee, Chung-Shing;Lee, C.Christopher;Kwon, He-Boong
    • 한국경영정보학회:학술대회논문집
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    • 2007.06a
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    • pp.551-556
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    • 2007
  • This paper attempts to develop a framework for interrelationships among human resources information systems (HRIS), outsourcing, and corporate culture. This research investigates impacts of outsourcing HRIS on corporate culture. In this paper, we hypothesize that outsourcing corporate HRIS is less appealing (1) if the quality of product and customer service matters for a firm, (2) if a firm is concerned with a loss of intellectual property, and (3) if a firm requires maintenance of a distinctive human resource service function that is capable of meeting the challenges of fast changing customer demands in a dynamic business environment. In addition, this study argues companies must be aware of the total costs associated with HRIS before outsourcing its human resource functions. Finally, the impact on employee morale and performance must also be considered By outsourcing HRIS, managers will be able to spend more time and resources dedicated to an employee's professional career development.

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