• 제목/요약/키워드: Dominant firm

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Dominant Stockholder Illegality and Enterprise Value : Focusing on Korean Firm Cases

  • Kim, Sung Tack
    • Asia Pacific Journal of Business Review
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    • 제1권2호
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    • pp.17-35
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    • 2017
  • This research is a case study that focuses on how conglomerate illegality and corresponding penalty affects corporate performance and strategy. The research aims to provide base information for policy-makers as well as the general public about the corporate environment. The analysis results can be summarized as follows. First, profitability is represented as an M-curve. Profitability falls from indictment to the final pronouncement of the corporate head and increases upon his or her return. The result suggests that the absence of a corporate head could result in low profitability as the firm is exposed to owner risk. Secondly, significant effects on investment were not found. Investment showed a continuous increase from indictment to final judgment. This could have resulted from investment decisions made prior to the indictment, which are generally long-term. Meanwhile, the rate at which investments rose for core subsidiaries were lower, which makes it reasonable to suspect dwindling executive capacity due to the absence of a corporate head. Thirdly, employment showed a slight increase, but the rate was found to be greater during the periods following the final judgment. From a political perspective, this increase can be inferred from a give-and-take tradeoff between corporate employment and the pardon of the corporate head.

제조비용 증가에 대한 대응 전략으로서 제품 크기 축소와 가격 인상의 비교 연구 (Downsizing and Price Increases in Response to Increasing Input Cost)

  • 강영선;강현모
    • 경영과학
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    • 제32권1호
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    • pp.83-100
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    • 2015
  • We analyze a duopoly competition when two firms face input cost increases. The objective of this study is to determine the firms' optimal strategy between a price increase and downsizing under conditions of a spatially differentiated market and consumers' diminishing utility on the product size. We develop a theoretical model of two competing firms offering homogenous products using the standard Hotelling model to determine how firms' optimal strategies change when facing input cost increases. In this paper, there are two types of duopoly competitions: symmetric and asymmetric. In the symmetric case, the two firms have the same marginal cost and are producing and selling identical products. In the asymmetric case, the two firms have different marginal costs. The results show that the optimal strategy decision depends on the size of the input cost increase and the cost differences between the two firms. We find that when two firms are asymmetric (i.e., they have different marginal costs), the two firms might choose asymmetric pairs of strategies in equilibrium under certain conditions. When the cost differences between the two firms are sufficiently large and the cost increase is sufficiently small, the cost leader chooses price increase, and the cost-disadvantaged firm chooses downsizing in equilibrium. This asymmetric strategy reduces price competition between two firms, and consumers are better off. When the cost differences between the two firms are sufficiently large, downsizing is the dominant strategy for the cost-disadvantaged firm. The cost-disadvantaged firm finds it more profitable to reduce the product size than to increase its price to reduce price competition, because consumers prefer downsizing to price increases. This paper might be a good starting point for further analytical research in this area.

혁신을 위한 외부협력이 중소기업성과에 미치는 영향에 대한 다각적 분석 (The Impact of Innovative Collaboration on the Performance of Small and Medium Enterprises)

  • 황정태;한재훈;강희종
    • 기술혁신학회지
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    • 제13권2호
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    • pp.332-364
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    • 2010
  • 본 연구는 중소기업의 외부협력이 기업의 혁신, 매출성장과 수익증가, 그리고 생존에 미치는 영향을 다각적으로 분석하였다. 기업의 성과를 다양한 측면으로 나타내었을 뿐 아니라 외부연계는 직접협력과 비공식지식흐름의 두 가지 측면을 모두 고려하여 각 파트너 유형마다 기업의 성과에 어떠한 영향을 미치는 지 보다 세밀하게 검토하였다. 또한 Pavitt의 혁신체제 분류를 응용한 방식(Freel 2003; 홍장표 김은영 2009)을 도입하여 산업혁신체제별로 외부협력의 성과가 다르게 나타남을 보였다. 분석결과 기존의 국제연구(Belderbos et al. 2004)에서 관측되지 않았던 외부연계의 영향이 산업혁신체제별로 관측되었다. 대학 및 공공기관과의 협력 그리고 고객과의 협력이 매출증대에 도움이 되는 점이 확인되었으며 경쟁업체와의 협력은 생존측면에서 부정적인 면을 내포하고 있음이 탐지되었다. 본 연구의 결과는 과학기반혁신체제의 경우 외부협력이 효과가 있다는 것을 밝히고 있다. 또한 매출증대효과 및 생존율 향상 효과가 있는 대학 및 공공기관 협력을 통해 관계위험이 존재하는 경쟁업체와의 협력을 보완하는 방식이 효과적일 수 있다는 시사점이 도출되었다.

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늑간신경에 발생한 신경초종 1예 (A Case of Neurilemmoma of Intercostal Nerve)

  • 이두연;계기식;송계용
    • Journal of Chest Surgery
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    • 제11권3호
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    • pp.239-245
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    • 1978
  • Recently, we experienced a case of rare neurilemmoma originated from intercostal nerve [9th] in the right chest wall in a 25 year old male officer. The tumor was incidentally found in the routine chest X ray, where the round well circumscribed mass tumor the ninth rib with notching and sclerotic margin, suggesting slowly growing benign benign of chest wall was revealed and the tumor mass was easily extirpated in the exploratory thoracotomy, with uneventful recovery. Grossly, the tumor was firm, partly soft and well circumscribed, measuring 4.5X3.0X 3.0 cm with yellowish smooth outer surface, attached with intercostal nerve trunk. Cut surface exhibits partly grayish white and largely hemorrhagic areas. Microscopically, the characteristic palisading arrangement of schwann cells and Verocay bodies are seen but dominant features are cystic degeneration and hemorrhage with organization and fibrosis. The sheath of intercostal nerve and capsule of neurilemmoma were con joined. There is no evidence of malignancy. The tumor was confirmed as neurilemmoma of intercostal nerve, Antony type B.

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대전지역 벤처기업의 현황 및 활성화 방안 - 대덕연구단지에서 스핀오프된 벤처기업을 중심으로 - (The Development of Venture Firms in Taejon, with Special Reference to Spin-offs from Taeduk Science Town)

  • 민완기;신동호
    • 기술혁신학회지
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    • 제2권1호
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    • pp.58-73
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    • 1999
  • The venture firms originating from the government-financed research institutes of Taeduk Science Town play a dominant role in Taejon. Those venture fm have the following characteristics. First, they are innovative in the growth stage, although not so innovative in the beginning stage. Second, they still largely depend on the domestic market because of their import-substitution strategy. Third, they mostly lack administrative capabilities. Finally, the infrastructure of venture firms is not good in spite of many supporting government policies. The efficient management of the existing business incubators, the establishment of special venture capital, and continuous supports by the incubating organizations should be warranted to encourage the spin-offs from the government- financed research institutes.

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An occurrence of mammary spindle cell carcinoma in a dog

  • Hong, Sunhwa;Lee, Hyun-A;Kim, Dong-Woo;Kim, Tae-Wan;Kim, Okjin
    • 한국동물위생학회지
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    • 제37권4호
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    • pp.313-317
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    • 2014
  • A bitch was presented for investigation of the mass in left 5th mammary gland. The partial mastectomy was performed and submitted for the histopathological diagnosis. The mammary mass was firm and white colored. The cut surface was separated with several lobules and developed vessels. The central area of the mass formed the cavity filled with inflammatory exudates. The dominant component of the tumor was the bundles of spindle-shaped cells. Some tumor cells possessed atypical nuclei and were arranged in a solid nest. Cysts were microscopically composed of hemorrhage, necrosis, and exudates, partially surrounded by tumor cells and granulation tissues. Histopathologically, the mammary mass revealed spindle cell carcinoma. The bitch made a complete recovery following the mastectomy. This case was a rare mammary spindle cell carcinoma in a dog.

기술사업화 생태계의 동태성에 대한 전략적 진단 (Strategic Diagnosis on the Dynamics of the Regional Technology Commercialization Ecosystem)

  • 최남희
    • 한국시스템다이내믹스연구
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    • 제17권3호
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    • pp.145-173
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    • 2016
  • This study aims to develop strategic diagnosis framework of performance by identifying and analysing the dynamics of the technology commercialization ecosystem in innovative region. To achieve the purpose of this study, the systems thinking approach is used. The systems thinking approach connects feedback structure and behavior more explicitly to diagnosis vicious feedback loop in the regional technology commercialization ecosystem. In terms of an ecological point of view, it will be possible to explore dominant feedback structure and find leverages to overcome the limitations of regional technology commercialization performance. The diagnosis of reenforcing and balancing feedback structure is based on the statistical analysis of the survey data which has been collected in a cluster random sampling method, targeting on the 200 firm located in the Pangyo and Daeduk region. The results from this research showed that the regional technology commercialization ecosystem was immature and faced limit to the growth. An important finding of this study was that regional technology commercialization ecosystem need to activation of startups and reinforcement of virtuous feedback structures of technology commercialization market systems.

A Causal Analysis of Conglomerate Bankruptcies

  • KU, Sang-Wuk;WHANG, Yun-Oh
    • 융합경영연구
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    • 제8권1호
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    • pp.12-19
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    • 2020
  • Purpose - Strategic causes for the failure include unrealistic growth, overexpansion, unfamiliar new markets, volume obsession, unrealistic promises and poor project selection. Organizational causes are insufficient capital and profits, lack of business knowledge, poor financial management, poor sales skills, inadequate marketing, poor leadership, poor leadership transfer, project losses, poor field performance and owner bankruptcy. Uncontrollable causes include industry and economic weakness and banking and surety changes. While helpful, the list provides insufficient clarity regarding the causal roots of failure. Research design, data and methodology - The research framework to organize the information involved with many of the recent and large failures in the industry. Results - This research then identified five dominant root causes - excessive egoism, poor strategic leadership, too much change, loss of discipline and inadequate capitalization. Conclusion - Finally, additional input from external forces may accelerate the firm's pace to failure. It is important on the development of diagnostic tools that are based on this model and that will provide new ways to assess a conglomerate's level of risk for incurring a financial crisis.

지배적 디자인 경쟁 환경에서 벤처기업의 업종별 기회포착 전략에 관한 연구: 하드웨어와 소프트웨어 산업 비교를 중심으로 (Opportunity Capturing Strategy of Venture Company in the Context of Dominant Design Competition: focused on compare with hardware and software industry)

  • 문지용;고영희
    • 벤처창업연구
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    • 제10권2호
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    • pp.27-42
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    • 2015
  • 벤처기업에 관한 기존의 연구들은 자원을 획득하고 보유자원을 재조합하여 내부역량을 확보하기 위한 방법에 논의에 집중되었다. 하지만 자원과 역량이 부족한 벤처기업에게 중요한 것은 환경변화의 이해를 통해 기회를 포착하고, 생존할 수 있도록 안정적인 시장진입을 가능하게 하는 전략제시가 필요하다. 이를 위해, 본 연구는 벤처기업이 지배적 디자인 경쟁 환경의 산업에 진입하여 성공할 수 있었던 이유를 기회포착이라는 개념을 통해 알아보고자 한다. 기회포착은 벤처기업이 구현할 수 있는 역량을 고려하여 기회를 인식하는 것으로서 시장에 판매할 수 있는 재화 및 서비스를 공급하기 위해 필요한 기술을 선택하고, 기술획득에 필요한 협력방식을 선택하는 역량을 의미한다. 본 연구는 벤처기업의 기회인식과 전략적 대응방식에 주목하여 시장진입에 성공할 수 있었던 이유를 살펴보기 위해 지배적 디자인 경쟁이 진행되었던 산업에 진입하여 안정적으로 자리를 잡은 하드웨어 분야와 소프트웨어 분야 벤처기업 1곳 씩 선정하여 성공적인 진입이 가능했던 이유와 업종별 특성에 따른 차이점을 알아보았다. 연구결과 지배적 디자인 경쟁이 벌어지고 있는 환경에서 각 기술진영의 업체들은 자신의 기술이 확대되어 표준화가 되는 것이 목적이기 때문에 하드웨어 업체는 가격인하를 통한 시장 확대에 집중하였으며, 소프트웨어 업체는 보완기술의 보편화를 이루어 더 많은 사용자가 참여할 수 있게 유도하는데 노력한다. 지배적 디자인 경쟁환경은 벤처기업의 업종에 따라 기회포착 인식의 차이를 갖게 하는데 하드웨어 업체는 잠재수익률에 대한 기회인식의 차이로 인해 발생하는 틈새시장을 확보하도록 핵심기술을 확보하는 것이 중요하며, 소프트웨어 업체는 다수의 사용자가 참여하도록 유도하는 보완기술에 기회를 인식해야 함을 알 수 있었다.

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한국 신발산업의 진화 동태성과 쇠퇴 요인 (Evolutionary Perspectives on the Evolutionary Dynamics of the Footwear Industry in Korea)

  • 김성주;임정덕;이종호
    • 한국경제지리학회지
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    • 제11권4호
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    • pp.509-526
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    • 2008
  • 본 연구의 목적은 진화경제학적 관점으로 한국 신발산업의 진화적 발전경로를 분석하는 것이다. 산업의 변화를 연구함에 있어 진화론적 관점은 기업의 선택과 모방, 진입과 퇴출, 기술적 특성과 혁신과정 등 산업의 발전경로에 관한 복잡한 요인들이 어떻게 생성되고 지속되며 공진화하는지를 설명할 수 있는 장점을 가지고 있다. 한국 신발산업에 관한 기존의 연구들은 한국 신발산업의 쇠퇴 요인을 임금 상승과 노동집약적 산업의 환경 변화의 측면에서 찾고 있다. 이에 반해, 본 연구에서는 한국 신발산업의 쇠퇴 요인을 국내 기업의 전략적 선택과 모방의 경로, 지배적 기술 패러다임, 기업을 둘러싸고 있는 제도적 규제의 문제, 그리고 글로벌생산체제로 변화하는 메조 궤적의 진화적 발전경로의 측면에서 찾고자 하였다. 이러한 분석 결과를 토대로 한국의 신발산업은 스포츠화, 특히 혁제운동화의 제조기술에 대한 학습과정과 OEM 주문생산에 기초하여 성장했으며, 한국 신발산업의 사양화는 대내외 환경변화에 따른 경쟁조건과 시장선택체제에 적응하기 위한 기업의 진화적 선택과정에 따른 결과임을 강조한다.

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