• Title/Summary/Keyword: Entry strategy

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A Case Study on the Overseas Patent Application Strategies of Korean Innovative Companies (사례를 통해 살펴본 기술혁신형 기업의 해외출원 전략)

  • Kwak, Hyun;Kwak, Choong Mok
    • The Journal of Society for e-Business Studies
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    • v.25 no.4
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    • pp.169-183
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    • 2020
  • In order to strengthen competitiveness of Korean companies in the intensifying global market, it is crucial to establish preemptive strategy for filing and securing overseas patent in connection with the company strategies. Therefore, this study conducted in-depth interviews with technology innovative companies such as bio-life, manufacturing industry, information and communication, and information service industries with overseas application experience. By analyzing overseas patent application strategy for selecting a patent application route and country, reducing costs, utilizing agents, and adjusting the timing of the examination request according to the internal and external environment of the company, the direction of establishing an overseas patent application strategy for companies considering the overseas market entry was suggested.

The Strategy of Korean Firms to Enter Vietnam Market (한국 기업의 베트남 유통시장 진출 전략에 관한 연구)

  • Kwak, Su-Young;Kim, Mie-Jung
    • Korea Trade Review
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    • v.44 no.4
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    • pp.1-17
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    • 2019
  • The purpose of this paper is to suggest strategies for Korean companies to overcome the limitation of the international trade structure between Korea and Vietnam. This study examined foreign multinational distribution companies, Korean distribution companies and domestic distribution companies in Vietnam. A SWOT analysis conducted to propose effective strategies revealed that Saigon Mart, Vietnam's largest regional mart company, needs an O/W strategy and to capture market opportunities quickly through strategic alliances with foreign distribution companies, in order to gradually complement their core competencies internally. Lotte mart in Vietnam, one of Korea's three largest marts, needs to establish a T/S strategy in order to overcome the crisis situation in Vietnam market and succeed in business. BIG C Mart has over 40,000 diverse products needs to use a T/S strategy in order to effectively overcome the crisis situation in the Vietnamese market and to increase the possibility of business success. From the study findings and conclusions, various implications are derived. Vietnam is still very strong in socialism and regional characteristics, so it needs to build up close cooperation such as joint venture with local partners in the region and strategic alliances to increase the possibility of investment success.

The Effect of Single-Entry Metering and Platoon Metering on Mainstream under the Same Metering Rate with Pre-timed Metering (정주기식 동일 미터링율 제어에서 차량진입방식에 따른 효과분석)

  • Kim, Sang-Gu;Ryu, Ju-Hyeon
    • Journal of Korean Society of Transportation
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    • v.28 no.3
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    • pp.29-37
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    • 2010
  • Ramp metering control is the most representative strategy of uninterrupted flow control and management system. Ramp metering is to adjust vehicles entering an expressway in such a way that expressway mainline maintains flow stability by regulating ramp vehicles. The effect of two metering strategies, single-entry metering and platoon metering, on mainstream under the same metering rate with pre-timed metering are analyzed by micro-simulation. Platoon metering shows lower performance than single-entry metering under the same metering rate in terms of speed, density, and delay, causes earlier breakdown than single-entry metering. It indicates that the selection of metering type has critical importance as the flow of mainline is high.

Why Do Some People Become Poor? The Characteristics and Determinants of Poverty Entry (누가 왜 빈곤에 빠지는가? 빈곤진입자의 특성 및 요인)

  • Kim, Hwanjoon
    • Korean Journal of Social Welfare Studies
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    • v.42 no.4
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    • pp.365-388
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    • 2011
  • By analyzing 1998~2008 Korean Labor and Income Panel Study(KLIPS), this study examines socio-economic characteristics of people who become poor. The study also explores the reason why they are in the state of poverty. To find determinants affecting poverty entrance, discrete-time hazard models are applied. Major findings are as follows. The socio-economic characteristics driving people into poverty are in the middle way of the long-term poor and the non-poor, combining the characteristics of both groups. This implies that many cases of the newly poor tend to enter and exit from poverty repeatedly. Poverty entry rate was at a high level right after the economic crises, then was a downturn and remained fairly stable since 2000. However, the young, the high-educated, and even the professional are on the rise as a new poverty group. The major reason people become poor is temporary job loss. This factor is confirmed again by multi-variate analyses. In building anti-poverty policies, it is important to distinguish the long-term poor from the short-term poor. For the long-term poor, virtually the only affective policy will be income support. On the other hand, a labor-market strategy for jos security will be more effective for the short-term poor. The characteristics and determinants of poverty entry may affect poverty duration and exit in the future. Future research will be needed to investigate the relationship among these factors.

A Study on the Strategy of Korean Logistics Companies to Enter the Cambodia E-Commerce Market (한국 물류기업의 캄보디아 전자상거래 시장 진출 전략에 관한 연구)

  • Ji-Won Lee;Hyang-Sook Lee
    • Korea Trade Review
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    • v.48 no.2
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    • pp.111-127
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    • 2023
  • While the e-commerce market in Southeast Asia is growing, this study aims to derive factors for establishing an entry strategy for the Cambodian e-commerce market where Korean logistics companies can strategically enter in the future. Cambodia is a country where growth and growth potential in the e-commerce market is steadily increasing based on the high youth population ratio, high smartphone penetration rate, the introduction of convenient payment systems, and government-level e-commerce promotion policies. In this study, Korean logistics companies established detailed promotion strategies by deriving factors necessary for Cambodia's entry into the e-commerce market and analyzing their relative importance. The AHP analysis technique derived three top factors for the entry strategy, and each presented four sub-factors. As a result, the importance was shown in the order of 'Market Factor' (0.556), 'Policy and Institutional Factor' (0.295), and 'Corporate Competency Factor' (0.149). As a result of the sub-factors analysis, the importance was found in the order of "Characteristics and Growth Potential of Distribution Channel" (0.230), "Purchasing Power and Awareness Level of Consumers" (0.176), "Cambodia Government's E-commerce Policy and Institutional Support" (0.122), and "Cambodia Government's Logistics Infrastructure Plan" (0.108). In both the upper and lower factors, the characteristics and growth potential of the Cambodian e-commerce market were important, indicating that Korean logistics companies value market size and growth potential to enter the Cambodian e-commerce market. The results of this study can be used as a guideline to help Korean logistics companies make successful inroads into Cambodia, where the e-commerce market is expected to grow in the future.

Marketing strategy and the current status of Global SPA Brands

  • Kim, Mi-Kyung
    • Journal of Fashion Business
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    • v.14 no.3
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    • pp.35-51
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    • 2010
  • This study aims at providing data for establishing a marketing strategy which can enhance the competitiveness of Korea domestic SPA(Specialty Store Retailer of Private Label Apparel) Brands by suggesting countermeasure strategy through the observation and analysis for SPA Brands, under the current circumstance in which the systematic and scholastic discussion for the matter, is lack, despite the diastrophism in fashion industry is prospected according to the rapid growth of Global SPA Brands. For this purpose, the characteristic and current status of Global SPA Brands is examined, and the main cause of growth is analyzed by approaching to their marketing characteristic, in this study. In relation with this situation, this study suggests the provisions as below, which are drawn from the analysis on Global SPA Brands' marketing strategy, so that Korea domestic SPA Brands could achieve successive performance under fierce competition. First, to be a competitive SPA Brands a business should be able to supply products with frequent product turnover by an interval level of one week or so, the existent product planning by seasons, as a business obtains various swift informations on consumers' demand with R&D center foundation. Secondly, SPA Brands should establish a strategy that a business can create high net profit by inventory management which enables lowering inventory ratio remarkably, and a strategy for innovative product supply by small quantity batch production, along with founding a high technological logistics system. Third, SPA Brands should establish a strategy for primary cost reduction by overseas dispersed outsourcing in order to enable diverse product development and rational price setting. Fourth, fashion marketers should establish also a strategy for communication by which brand image can be delivered effectively, by firming the brand identity and by informing product characteristic and customer service totally, with the method of VMD and flagship store. Additionary, fashion marketers also should establish a strategy by developing mobile application which can provide brand image and diverse other fashion related information.

Regional Multinationals: Evidence from Wal-Mart's Withdrawal from the South Korean Market

  • AHN, Se-Yeon
    • East Asian Journal of Business Economics (EAJBE)
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    • v.9 no.1
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    • pp.53-61
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    • 2021
  • Purpose - This study aims to understand the phenomenon called "regional multinational" in the geographical expansion of multinational enterprises and to find some evidence whether globalization of multinational enterprises tends to have a strong home region bias. Research design, data, and methodology - Through an in-depth case analysis, we analyze the series of strategic behaviors Wal-Mart made in South Korea from its entry in 1998 to its withdrawal in 2006. Then, we discuss the plausible causes of this exit, seeking to provide some evidence on the "regional multinational" phenomenon. Result - This study finds some evidence on the regional-based expansion of multinational enterprises. Our case study shows that Wal-Mart in South Korea focused on global standardization strategy and made an exit from the market as they were faced with increasing localization demands. From the perspective of multinational enterprises' globalization strategy, Wal-Mart's exit from the South Korean market can be considered as a strategic exit. Conclusion - The findings of this study suggest that while national responsiveness and localized adaptation are considered as a panacea for penetrating international markets, in reality most multinational enterprises attempt to add value primarily by capitalizing on similarities across markets and remain as regional multinationals.

The Prospects for the LED Industry (뉴스초점 - LED 현황과 전망)

  • Chi, Dong-Keun
    • Journal of the Korean Professional Engineers Association
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    • v.42 no.5
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    • pp.46-49
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    • 2009
  • Many companies are looking for going into the LED Industry as LED has the brightest prospects in the future compare to any other industries. But many companies are lack of comprehension of market for successful entry decision. It is highly recommended to setup the effective strategy by categorizing the LED application markets and selecting the target market. In this paper LED Lighting industry is mainly explained among the many LED markets.

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The Typology and Behavior Pattern of Telecommunication Carriers' Foreign Entry Strategy (통신사업자의 해외진출 행태와 유형)

  • Key, M.H.;Lee, D.I.;Kang, H.I.;Park, T.W.;Han, S.S.
    • Electronics and Telecommunications Trends
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    • v.13 no.3 s.51
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    • pp.84-97
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    • 1998
  • 최근 우리나라의 경제 및 산업정책 기조가 수출, 해외진출을 지향하는 방향으로 전환되고 있는 가운데 한국의 통신사업자들도 통신사업의 해외진출이라는 당면과제를 안게 되었다. 이에 본 고에서는 지난 10여년간의 선진 사업자들의 해외진출 행태를 통해 그 유형을 분류하고, 향후 국내 통신사업자의 효과적인 해외진출전략 방향 설정시 요구되는 몇가지 시사점을 제시하였다.

The Typology and Behavior Characteristics of Telecommunication Manufacturer's Foreign Entry Strategy (주요 통신기기업체의 해외진출 실태 및 특성)

  • Kang, H.I.;Lee, D.I.;Han, S.S.
    • Electronics and Telecommunications Trends
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    • v.14 no.2 s.56
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    • pp.114-124
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    • 1999
  • 정보통신분야에서도 IMF 위기극복의 타개책의 하나로 해외시장 개척 및 진출확대를 촉진하는 방향으로 정책의 기조가 전환되고 있다. 본 고에서는 지난 15여 년 간 선진 통신장비 업체들의 해외진출 실태 파악을 통해 그 특성과 유형을 분석함으로써, 향후 국내 통신업계의 해외진출 전략수립 시 고려해야 할 몇 가지 시사점을 제시하였다.