• Title/Summary/Keyword: Medium Firms

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A Study on Medium-Sized Enterprises of Japan (일본의 중견기업에 관한 연구 : 현황과 특징, 정책을 중심으로)

  • Kang, Cheol Gu;Kim, Hyun Sung;Kim, Hyun Chul
    • Korean small business review
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    • v.32 no.2
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    • pp.209-223
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    • 2010
  • Korea's business is composed of a few large-sized enterprises (which can be abbreviated as LSE) and a majority of small-sized enterprises (SSE). Although there has been a growing recognition of the need for the development of medium-sized enterprises (MSE) which can serve as a link between SSE and LSE, as yet there has not yet been a consensus on the definition, characteristics and the function of the MSE in Korea. Nowadays, the world is being globalized, and Japan and China are in competition to ne a great economic power. While East Asia is experiencing rapid changes, promoting MSE which can secure flexibility and efficiency through covering up the limitation of LSE and SSE is needed in order to respond the global market which is being specialized. The features of MSE in Japan can be listed as follows. First, the MSE in Japan is developing the company through getting into niche markets which are hard for major companies to enter rather than developing markets in order to compete against major companies directly. While MSEs are endeavoring to build the business firmly in the domestic market, they can possess special and competitive technical skills through trials and errors; so that they can get a chance develop their business through independent business system rather than putting their effort to compete against major companies. Second, from the MSEs with competitive edge in the market, there are many contributions to the national exportation. Those MSEs produce in domestic and maintain the quality of high price products which need cutting-edge technology, while they relocate the low and middle priced goods to the country where manufacturing costs are low, so that they can maintain the price competitiveness. Third, the industrial structure in Japan is formed from dual structure between major companies and small sized companies. In other words, in Japan's industrial structure which are composed of subcontract structure, this dual structure has taken a major role of small sized companies' growth and manufacturing businesses' international competitive power. Forth, MSE in Japan adopt a strategy of putting their value on qualitative scale growth rather than quantitative scale growth. In this paper, the case of Japanese MSE is analyzed. Along with its long history of Industrialization, Japan has a corporate environment where the SSEs can develop as a MSE and later a LSE through a full-support system. Among its SSEs, there are a number of world class corporations equipped with a large domestic market, win-win cooperation with the LSEs and an independent technology development. It can also be observed that these SSEs develop into MSEs with sustainable growth potentials. This study will focus on the condition under which the MSEs of Japan have been developed, and how they have survived the competition between SSEs and LSEs. Through this study, this paper attempts to offer solutions to Korea's polarization between the SSE and LSE, while providing the basis for SSEs revitalization. In general, if both extremities phenomenon deepen between LSE and SSE, there are possible fears of occurring disutility in national economy by the monopolization of LSE. For that reason, enterprise group, which can make SSE or MSE compete LSE in some area and ease the monopoly and oligopoly problem, is needed. This awareness has been shared for ages long. Nevertheless, there is no legal definition for MSE in Japan, and there is no definition about the enterprise size or unified view of MSE between scholars, but it is defined differently by each of academical person or research institution and study meeting. For that reason, this paper will organize the definition of MSE in Japan, and then will propose the characteristics of the background which has made MSE secure competitiveness and sustainable growth in global market. This study focus on that because through this process, the positive change to the awareness of MSE can be proposed in Korea and to seek the policy direction for building institutional framework which can make SSE become MES. Through this way, the fundamentals for SSE to become MSE can be managed and some appropriate suggestions which will be able to make MSE enter the global market in the future can also be proposed. Due to these facts, this study is very important and well timed task. In a sense of this way, this study will examine the definition and role of MSE in Japan. after this examination, this study will deal with the status, special feature, and promotion policy for MSE. Through this analysis of MSE in Japan, the foundation which be able to set the desirable role model for MSE in Korea can be proposed. Also, the political implication which is needed to push ahead to contribute to creating employment and economic growth through sustainable growth of MSEs in economic system of Korea can be offered through this study. It has been found that Japan's MSE functions as an indispensable link among various industrial structures by holding a significant position in employment rate, production and value added. Although the MSEs took up less than 1% of the entire number of businesses with 2700 manufacturing firms and 7000 non-manufacturing firms, its employment ratios are about 15%, while taking about 25% of the manufacturing industry's exports. In industries such as machinery and electronics which is considered Japan's major industry, the MSEs showed a higher than average ratio of manufacturing exports and employment rate. It can be analyzed that behind Japan's advantageous industries, close and deeply knit MSEs exist. Although there are no clearly stated policies geared towards the MSEs by the Japanese government, various political measures exist such as the R&D Project and the inducement of cooperation between enterprises which gives room for MSEs to participate in the SSE policies. In relation to these findings, the following practical measures can be considered in order to revitalize Korea's MSEs: First, there is a need for a legal definition of MSE and the incentives to provide legal support for its growth. Second, if a law to support the MSEs is established, it could provide a powerful inducement for the SSE to grow as a MSE, rather than stay as a SSE. Third, there is a need for a strategy of MSEs to establish a stable base in the domestic market and then advance to the global market with the accumulated trial and error and competitiveness. Fourth, the SSE themselves need the spirit of entrepreneurship in order to make the leap to a MSE. Because if nothing is to be changed about the system on the firms that grew, and the parts of the past custom was left to be managed alone, confusion and absence of management can take place. No matter how much tax favors the government will give and no matter how much incentive there could be through the policies, there are limits for industries to higher the ability to propagate. And because of that it is a period where industries need their own innovative skills to reform their firms.

A study of the actual conditions and development plan of the 6th industrialization policy: In the view of agricultural management organizations of Chungnam region

  • Lee, Do-Kyung;Kim, Sounghun;Park, Jeong-il
    • Korean Journal of Agricultural Science
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    • v.43 no.4
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    • pp.670-677
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    • 2016
  • The $6^{th}$ industrialization of agricultural areas, which is the strategy to combine the 2nd industry and the 3rd industry with the 1st industry, is one of the main policy strategies of the inistry of agriculture, food and rural affairs in Korea. This policy strategy focuses on the promotion of small- and medium-size farmers or business firms including agricultural management organizations. Even though various policy programs have been implemented for the $6^{th}$ industrialization of agricultural areas, many agricultural management organizations still claim problems. The purpose of this paper is to analyze the actual conditions of policy programs for the $6^{th}$ industrialization of agricultural areas and to suggest a development plan for the $6^{th}$ industrialization policy for agricultural producers. Especially, we focus on the point of view of agricultural management organizations in Chungnam region. The results of this study present some findings as follows: first, the $6^{th}$ industrialization policy in the agricultural area needs to aim at improving software systems, including human resource systems. Second, the policy programs should focus on improving resident's welfare through building more public facilities and amenities. Third, a strategy of selection and a focus on long-term programs are required to increase the efficiency of policy programs for the $6^{th}$ industrialization of agricultural areas.

Characteristics and Technology Development Mode of Local Hidden Champions in Korea : How are they different? (지역 강소기업의 특성과 기술개발 방법 : 독일 강소기업과의 비교를 중심으로)

  • Huh, Moon-Goo
    • Journal of Digital Convergence
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    • v.13 no.8
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    • pp.221-234
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    • 2015
  • The purpose of this paper is to investigate the differences between successful SMEs in Korea and German hidden champions, with respect to both strategic importance and performance of major competitive dimensions, and mode of technology development. Data were collected through survey and public databases, and the sample comprises successful SMEs located in regional area in Korea. The results show that Korean hidden champions are relatively low regarding specialization of business domain and globalization while German hidden champions have positioned in global niche market. It is also found that local firms utilize technology alliances actively for technology development while German hidden champions rely heavily on internal R&D as a primary source of innovation. Based upon these results, policy directions for fostering local hidden champions were suggested.

Analysis on Efficiency of Government's R&D investment in Renewable Energy (신재생에너지 분야 정부 R&D 투자 효율성 분석)

  • Baek, Chulwoo
    • Journal of Energy Engineering
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    • v.23 no.3
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    • pp.42-50
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    • 2014
  • Korean government has been investing more than 400 billion KRW in R&D on renewable energy. This paper aims to measure the R&D efficiency of national R&D program in the field of renewable energy, and to identify the sources of inefficiency. 4,213 R&D projects supported by Korean government during 2009-2011 are analyzed by using Data Envelopment Analysis and statistical tests. Results implies as follows. First, hydrogen, bio, fuel cell, photovoltaic have higher R&D efficiency than other renewable energies. Second, universities conducted national R&D program more efficiently than firms did, and small and medium sized enterprises are more efficient than large sized enterprises. Third, R&D inefficiency is mainly caused by the lacks of patent performance rather than excessive R&D investment or academic paper performance.

Changes of Internal Labor Market in Firms and Incentives for Investment in Human Resource Developments (기업 내부노동시장 변화와 인적자원개발 투자 유인)

  • Bai, Jin Han
    • Journal of Labour Economics
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    • v.41 no.1
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    • pp.83-124
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    • 2018
  • In this study, with the data of Human Capital Corporate Panel(HCCP) we find that the explaining power of the new hiring rate of experienced regular workers is very strong and statistically significant as a main causal factor to the decreasing trend of investment on education and training for workers in corporates, which means a sign of weakening of the internal labor market. Possibility of wage penalty from switching jobs has been weakened considerably too. The effective alternative policy measures to the weakening or laxity of the internal labor markets and whereby followed reduction in investment on education and training for workers in corporates are construction of social system outside of individual corporates to upbring field-tailored manpower of high quality for young generations and small and medium sized enterprises.

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The Study on the Effect of the of Consultant Capability on Consulting Performance : Focused on Mediating Effect of CEO Commitment and Moderating Effect of Firm Size (컨설턴트 역량이 컨설팅 성과에 미치는 영향에 대한 연구 : CEO 몰입도의 매개효과와 기업 규모의 조절효과를 중심으로)

  • Hong, Young-Ku;You, Yen-Yoo
    • Journal of the Korea Convergence Society
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    • v.9 no.8
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    • pp.199-209
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    • 2018
  • This paper investigated the impact of consultant capability, CEO commitment, and firm size on consulting performance. And we analyzed whether the CEO commitment factor showed mediated effect in the causal relationship between consultant capability and consulting performance, and analyzed that firm size showed the moderation effect on the relationship of Consultant capability, CEO commitment, and Consulting performance. The results of the analysis showed that the consultant knowledge had a significant effect on the CEO commitment and the CEO commitment had a significant effect on the consulting performance. CEO commitment showed that mediated the influence of consultant capability on the consulting performance. And as a result of the moderation effect test, there were significant differences in the size of firms depending on the path according to the group of large companies and SMEs.

The Financial Support of Regional Bank for SMEs and Regional Financial Policy (지방은행의 지역중소벤처기업지원과 지역금융정책)

  • Ryu, Duk Wi
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.8 no.4
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    • pp.37-47
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    • 2013
  • This study investigates regional financial markets and proposes some policy measures for boosting up the regional financial system. Financial supports for start-ups, small and medium sized enterprises(SMEs) in early stage growth have been constrained due to expanded financial gaps among regions during financial restructuring period. The bank consolidation through M&A is associated with widening financial gaps between Seoul area and others, and between regions where regional banks survives or not. Loans to small firms are associated with relationship lending techniques that may be better supported by smaller regional banks. The loan rate to SMEs in locals where regional banks are activated has tended to be 10%point higher than the locals where regional banks closed, and also drive the greater contribution for preventing local capital outflow and promoting local capital investment by local penetrating strategy. Government should develop regional financial policies to boost up regional financial system, and expand the business area of regional financial institutions for supporting start-ups and SMEs.

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The Comparative Study on Performance Analysis of Windows 7 and Ubuntu Applying Open Source IDS/IPS Suricata (오픈소스 IDS/IPS Suricata를 적용한 Windows7과 Ubuntu 성능 비교 분석)

  • Seok, Jinug;Kim, Jimyung;Choi, Moonseok
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.13 no.4
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    • pp.141-151
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    • 2017
  • Nowadays, It is undeniable that the threat of network security is growing as time flows due to worldwide development of wire/wireless, various Internet platform and sophisticated hacking techniques. The amount of traffics that Network security solution has to handle is increasing and recently many occurrence of explosive traffic attacks from PulseWave are being observed which has many similar characteristics to New DDos. Medium and small sized firms abroad have developed and distributed Snort and Suricata that are based on open-source Intrusion Detection System(IDS) / Intrusion Prevention System (IPS). The goal of this study is to compare between Windows7 by applying suicata 4.0.0 32bit version and Ubuntu 16.04.3 LTS by applying suicata 4.0.0 version which is an open source Intrusion Detection System / Intrusion Protection System that uses multi threads method. This experiment's environment was set as followed C1100 server model of Dell, Intel Xeon CPU L5520 2.27GHz*2 with 8 cores and 16 threads, 72GB of RAM, Samsung SSD 250GB*4 of HDD which was set on RAID0. According to the result, Suricata in Ubuntu is superior to Suricata in Windows7 in performance and this result indicates that Ubuntu's performance is far advanced than Windows7. This meaningful result is derived because Ubuntu that applied Suricata used multi core CPU and RAM more effectively.

A Study on the Noise Reduction of Reciprocating Type Air Compressors

  • Lee Kwang-Kil;Kim Kwang-Jong;Lee Gwan-Hyung;Park Jae-Suk;Son Doo-ik;Kim Bong-Ki;Lee Dong-Ju
    • International Journal of Safety
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    • v.3 no.1
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    • pp.6-9
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    • 2004
  • This paper deals with the noise evaluation technique of a reciprocating air-compressor and its noise reduction. The reciprocating air-compressors are widely used in the small, medium sized industrial firms, and lots of their employees are affected and irritated by their noise in the workplace. Thus, noise control actions should be taken appropriately by considering the hearing loss due to the occupational noise exposure. Lead-wrapping techniques are employed to identify the contribution of principal noise sources which are generally known as motor, belts, suction/discharge valves, moving pistons, and flow-induced noise caused by edges or discontinuities along the flow path e.g. expansions, contractions, junctions and bends etc .. As a result, main noise sources of the air-compressor can be categorized by the suction/discharge noise, valve noise, and compressed-air tank noise. Based on the investigations, mufflers are designed to reduce both the suction/discharge noise and the compressed-air tank noise. Instead of the conventional valve plate, polyethylene resin is used as a new one for the reduction of valve impact noise. In addition, attempts are made to reduce the valve noise propagation to the cylinder head and the compressor tank by using the insulation casings. As a result of the countermeasure plans, it can be achieved that the noise reduction of the air-compress is up to 10dB.

An Analysis on the Firms' Financial Performance of 2005 Coupon-System Management Consulting (2005년 쿠폰제 경영컨설팅 기업의 재무성과)

  • Lee, Sung-Hwan
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.11 no.8
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    • pp.2888-2898
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    • 2010
  • It has been over a decade since the business consulting services by SMBA started in order to build up competitiveness through supporting small and medium enterprises under the business environment of globalization. No matter how there is no post empirical data of evaluation. Therefore, this study is focused on analysing the practical performance of Coupon System Management Consulting(CSMC) by comparing the financial condition for a few years before and behind since the companies have been involving in. As a result, the statistical significances of research hypotheses were rejected for the most part. Moreover, the growth rates of sales and total assets of which each of them is one of the indicators concerning growth and activity, are negatively significant, which means that CSMC the needs comprehensive consideration about its efficiency and in all its aspects.