• Title/Summary/Keyword: Local Firm

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Utilizing SWOT Model to Define a Strategy for the Korean Construction Companies in Preparation of the Changes in the Global Construction Market

  • Kim, HwaRang;Jang, HyounSeung
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.486-490
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    • 2015
  • SWOT model was used to develop strategies for the Korean construction firms in entering the global construction market. Literature review, official statistics survey and other research methods were utilized in order to extract internal and external environmental factors of both the firm and local area. By extracting strength, weakness, opportunity and threat factors, a total of 12 strategies were produced: SO (Strengths-Opportunities), ST (Strengths-Threats), WT (Weaknesses-Threats), and WO (Weaknesses-Opportunities). The result of the study can be utilized as a basic data in developing a strategy for the Korean construction firms to penetrate into the global construction market.

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Geographical Concern of Naturalists in the Philosophy of Education : Its Influence on Geography and Geography Education (자연주의 교육사상가들에게서 나타나는 지리적 관심 - 지리학 및 지리교육에 미친 영향 -)

  • 서태열
    • Journal of the Korean Geographical Society
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    • v.38 no.5
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    • pp.802-821
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    • 2003
  • This paper aims to illuminate how the Naturalists' concern on geography and geography education, mainly in Comenius, Rousseau, Pestalozzi who have played key roles in the development of Naturalism, has developed and how the Naturalism has influenced on the development of geography and geography education. Starting from sensual realism, the Naturalism suggested the educational principle and methods adjusting to the Nature well as exercised great influence on the formation of modem school education toward popular common education. The geography took the firm position as subject in the curriculum of the Naturalists and achieved the rationale of existence as subject in curriculum with utility to expand human experience, thanks to Naturalists. The Naturalists developed several ideas on geography teaching method such as labouring activity-centered geography teaching based on strengthening sense and experience by 'look-and-see' approach, local geography-centered geography teaching with stress the local area as the focus of direct experience and living environment, and the real thing-centered geography teaching by fieldwork. Moreover, The Naturalists had an great effect on the geographer, Karl Ritter in terms of methodology of geography.

Opportunities and Limitations of the Establishment of Institutional Capacity for the Formation of a Regional Industrial Cluster: A Case Study of the IT Industry in Chun-Cheon City (지역 산업클러스터 형성을 위한 제도적 역량 구축의 가능성과 한계: 춘천시 IT산업을 사례로)

  • Hwang, In-Kyun;Jung, Sung-Hoon
    • Journal of the Economic Geographical Society of Korea
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    • v.13 no.4
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    • pp.623-640
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    • 2010
  • The aim of this paper is to explore opportunities and limitations of the top-down approach to build institutional performance by analyzing the process of local government-led cluster's initiatives. In doing so, this paper investigates processes of the design and implementation of cluster's policy as well as firms' innovative capacities. As the result, it reveals the fallacy of the local government's policy in planning industrial clusters, the inconsistence of cluster initiatives due to changes of regional vision providers, weakness of innovative performance of IT firms supported by the local government in the region. It should be concluded that Chun-cheon City did not succeed in accumulating institutional capabilities which were crucial to implement a cluster initiative.

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A Study on The Effect of IHRM to Firm's Competitive Advantage (국제기업의 인적자원관리전략 의사결정이 경쟁우위에 미치는 영향에 대한 분석)

  • Lee, Jung-Ah;Lee, Chun-Su
    • International Commerce and Information Review
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    • v.15 no.1
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    • pp.135-159
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    • 2013
  • The globalization of business is making it more important than ever to understand how international human resource can be utilized more competitively. This study explores how the international human resource strategies between global integration and local responsiveness affects the company's competitive advantage. The findings for global integration strategy suggest that when a subsidiary is highly dependent on the parent company's resources and the findings for local responsiveness suggest that when a subsidiary is highly dependant on the host country's resources and institution. This study proposes competitive advantage by the global integration strategy and local responsiveness strategy. The effects of IHRM to create value for company's core competence was analyzed. Two IHRM strategic choices will affect the different competences such as integration and localization abilities. This paper also suggests the two kinds of core competences of IHRM strategies how impact on company's performance.

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Spatially variable effects on seismic response of the cable-stayed bridges considering local soil site conditions

  • Tonyali, Zeliha;Ates, Sevket;Adanur, Suleyman
    • Structural Engineering and Mechanics
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    • v.70 no.2
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    • pp.143-152
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    • 2019
  • In this study, stochastic responses of a cable-stayed bridge subjected to the spatially varying earthquake ground motion are investigated for variable local soil cases and wave velocities. Quincy Bay-view cable-stayed bridge built on the Mississippi River in Illinois, USA selected as a numerical example. The bridge is composed of two H-shaped concrete towers, double plane fan type cables and a composite concrete-steel girder deck. The spatial variability of the ground motion is considered with the coherency function, which is represented by the components of incoherence, wave-passage and site-response effects. The incoherence effect is investigated by considering Harichandran and Vanmarcke model, the site-response effect is outlined by using hard, medium and soft soil types, and the wave-passage effect is taken into account by using 1000, 600 and 200 m/s wave velocities for the hard, medium and soft soils, respectively. Mean of maximum response values obtained from the analyses are compared with those of the specific cases of the ground motion model. It is concluded that the obtained results from the bridge model increase as the differences between local soil conditions cases of the bridge supports change from firm to soft. Moreover, the variation of the wave velocity has important effects on the responses of the deck and towers as compared with those of the travelling constant wave velocity case. In addition, the variability of the ground motions should be considered in the analysis of long span cable-stayed bridges to obtain more accurate results in calculating the bridge responses.

A Study of Industrial and Firm's Strategic Factors Affecting Diffusion of Convergent Media - The Case of Global IPTV Services (융합미디어 확산에 영향을 주는 산업, 기업전략 요소에 관한 연구 - 해외 IPTV 실증분석)

  • Park, Seong-Won;Lee, Chi-Hyung
    • Journal of Digital Convergence
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    • v.10 no.8
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    • pp.21-28
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    • 2012
  • The study aims to explore industrial and firms' strategic factors affecting diffusion of digital convergence by studying major global IPTV markets. Market and firm variables are selected using the Industrial Organization's SCP approach. Data for the variables are collected from global 31 IPTV operators representing 20 countries. The analysis indicates that the penetration of broadband Internet and the market share of a dominant player in the Pay TV positively affect the penetration of the IPTV service, whereas the penetration of Pay TV, ARPU, firms' strategy and resource do not have influence on its penetration. The study is the cross-country analysis and contributes to the media study by exploring the relationship between market variables and the development of convergent media. Consequently, the study is expected to help policy makers tailor their digital policy for local environment.

A Comparative Analysis on Export Competitiveness for Auto Parts Industry between Korea and China (한.중 자동차 부품산업의 수출경쟁력 비교 분석 - 미국 자동차 부품 수입시장을 중심으로 -)

  • Kim, Ji-Yong
    • International Commerce and Information Review
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    • v.8 no.3
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    • pp.299-321
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    • 2006
  • The purpose of this study was to analyze export competitiveness of Korean auto parts and Chinese auto parts in U.S. market by using Index of Export Bias and Market Comparative Advantage Index. For attaining the purpose of study, we classified the auto parts which exported to U.S. market and the imported products by using the six units classification of the Harmonized System(HS). Analyzing period was 1998-2005. The analysis of Korean results of MCA indicated that the Korean auto parts which gained export competitiveness in the U.S. market were HS Code No. 8708.94, 8708.99, 8708.92. The products which will have export competitiveness in the U.S. market would be HS Code No. 8708.93, 8708.39, 8708.60 respectively. On the other hand, the results indicated that the Chinese auto parts which gained export competitiveness in the U.S. market were HS Code No. 8708.70, 8708.31, 8708.91, 8708.60, 8708.39. From this study, we find the following strategies for successful advancing into the U.S. and world market. i) Linking strategy through working cooperation with local auto firms, government and academic world. ii) Advance strategy of auto firm accompany by module working and system auto parts firm. iii) Retention strategy of large technical institution established by auto parts firms and taking cooperation of auto firms iv) Settlement strategy for having weaken competitive article and production field. v) Cost-cutting strategy through strengthening logistics cooperation system between auto parts firms and auto firms. vi) Active invitation strategy of foreign investment under quickly cooperating of government.

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Trust Building Level and Linkage's Spatial Characteristics on Logistics & Storage Industry in the City of Busan (부산시 물류창고업의 신뢰형성 수준과 연계의 공간적 특성)

  • Sung, Sin-Je;Lee, Hee-Yul
    • Journal of the Economic Geographical Society of Korea
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    • v.12 no.4
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    • pp.454-476
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    • 2009
  • The purpose of this paper is to examine relation between trust building level and linkages's spatial characteristics on the logistics & storage industry of Busan. As a result, First, long-term & repeated interaction, information sharing & reciprocity, and interdependence & asset specificity have an important effect upon the micro trust which implies the highest trust. Proximity and uncertainty impact on the meso trust, the trust of middle level. Culture, norm, and formal institution of firms affect the macro trust, the lowest level of trust. Second, the micro, the meso, and the macro trusts mainly form in the local scale where spatial proximity is great. The higher the trust building levels become, the more spatial dimensions by linkage expand to national and international dimension, respectively. Third, these results appear more clearly in the output linkage than input linkage, in the service areas-many firm, in the horizontal linkage than vertical linkage, in the advanced evolution phases of firm connection, and in the supply chain management than outsourcing.

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The Evolution of the IT Service Industry in the U.S. National Capital Region: The Case of Fairfax County (미국 수도권 IT서비스산업 집적지의 진화: 페어팩스 카운티를 사례로)

  • Huh, Dongsuk
    • Journal of the Economic Geographical Society of Korea
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    • v.16 no.4
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    • pp.567-584
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    • 2013
  • This study aims to explore an evolutionary path of the IT service industry in Fairfax County using the Cluster Adaptive Cycle model in economic geography. The analysis is based on detailed historical and industrial information obtained through a variety of data sources including local archival materials, economic census, and interviews. This study also performs a shift-share analysis during the period of 1990 to 2011. Using the adaptive cycle model, the local IT service industry is indicated by a trajectory of constant cluster mutation. The evolution of the local IT service industry has been closely related to federal government policy due to the regional specificity of the National Capital Region and the proximity of the Department of Defense. Although the economic downturn of the late 2000s, the local IT service industry has been notable resilience and adapted to a changing market and technological environment. This constant mutation of the local industry is resulted from not only high resilience which is based on the large government procurement market, the reinforcement of adaptive capacity of the local firms and the network of economic agents such as firm and supporting institutions, but also high flexibility of the knowledge-based service industry to a changing business environment.

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An Empirical Study on the Long-Run Performance of Cross-Listings by Multinational Corporations (다국적기업 해외상장의 장기적인 성과에 관한 연구)

  • Kim, Dong-Soon;Park, Sang-An
    • The Korean Journal of Financial Management
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    • v.21 no.2
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    • pp.27-63
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    • 2004
  • Since the 1980s, many multinational corporations have been issuing stocks on foreign stock exchanges, not only to enhance their investor base and liquidity, but also to diversify risks. The phenomenon has also been intensified by the rapid financial globalization and securitization trends. The main purpose of this study is to look into the long-run performance of MNCs' cross-listings of stocks on foreign stock exchanges. We use the event study and cross-sectional regression methods. We obtained some interesting empirical results about the long-run effect of cross-listings. First before the listing data the effect of cross-listing is to increase the underlying stock Vice in the local market. It may be caused by expectation of lower risk and cost of capital. However, after the listing data the stock price has been declining, even if it is not significant. Second, we examine the difference in the long-run cross-listing effect, which may be caused by the listing direction. When listing is made from a less developed market to a more developed market, the effect is better than that in the reverse direction. Furthermore, the effect is worse, when the listing company's home country is the U.S. Third, there is a negative relation between CARs and underlying stock liquidity in the local market, So it implies that a firm, whose underlying stocks are very liquid in the local market should carefully value cross-listing based upon the cost and benefit analysis. Last, but not the least we find that the long-un cross-listing effect is better, when a listing firm's ROE is higher.

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