• Title/Summary/Keyword: New Economy

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Entrepreneurial Ecosystem Developments in Malaysia - Existing Actors Moving from a Cluster to a Countrywide Role and the Emergence of New Actors

  • Mohan, Avvari V.
    • World Technopolis Review
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    • v.8 no.1
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    • pp.43-58
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    • 2019
  • This paper examine the changing ecosystems in Malaysia, starting with the government policy driven greenfield cluster of Cyberjaya, which is part of the Multimedia Super Corridor (MSC) mega project. In this context of an emerging economy, predominantly production oriented, the role of the government was crucial with respect to implementing policies and building infrastructure for the ecosystems. First, the roles played by the cluster development agency, universities, and industry are explained. As the cluster developed, this paper, taking an entrepreneurial ecosystem approach, explores how some actors evolved and changed their roles to become catalyst organisations established for the cluster now serving nationwide. This was followed by the emergence of new actors in the ecosystems, for example, knowledge intermediaries, and new roles for universities. In addition to actors such as universities and industry, this paper recognizes the emergence of media organisations as new actors in the entrepreneurial ecosystems in Malaysia.

An Experimental Study on Improved Fuel Economy and Lower Exhaust Emissions of New Automotive Engine adopting Split Cooling System

  • Oh, C.S.;Lee, J.H.;Shin, S.Y.;Kim, W.T.
    • Proceedings of the Korean Society of Tribologists and Lubrication Engineers Conference
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    • 2002.10b
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    • pp.407-408
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    • 2002
  • This paper presents a split cooling system for a new inline 4-cylinder automotive engine. The split cooling system circulates coolant to the cylinder head and cylinder block separately. The coolant flow in the cylinder block is controlled by a $2^{nd}$ Thermostat installed at the outlet of cylinder block. The $2^{nd}$ thermostat closes when the coolant temperature is low. And this makes the coolant flow in cylinder block nearly stagnant, thereby reducing the coolant-side heat transfer coefficient and raising cylinder bore temperature. The $2^{nd}$ thermostat starts to open when the coolant temperature reaches a specified temperature. The test results on engine dynamometer show improved fuel economy and lower exhaust emission which result from the decrease in friction works and cooling loss. Also, several vehicle tests, with application of the new engine have been performed. Fuel economy improvement of 0.5{\sim}2.0%$ yields from different test modes and details are discussed in this paper.

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Analysis of Seismic Performance of Slim Flat Plate System in High-rise Hybrid Structural System (슬림형 바닥시스템을 이용한 고층 복합구조의 내진성능에 관한 해석적 연구)

  • Ha Gee Joo;Park Hyo Sun;Park Joung Hyen;Choi Kyung Ryeol;Kim Dae Joung;Jung Jea Kwang
    • Proceedings of the Korea Concrete Institute Conference
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    • 2005.11a
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    • pp.77-80
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    • 2005
  • Recently the construction of high-rise hybrid type building is progressively increased as the social demands. It is significantly important factors such as economy, the safety of structure, and the flexibility of internal space. Therefore new hybrid structural system, using slim flat plate system, is also required to be attained the reduction of story height, the flexibility and efficient use of space. The most suitable structural system is ,with the economy and flexibility, flat plate system in high-rise hybrid type building. But it was focused in the seismic performance for high performance flat plate system in high-rise hybrid type building. Therefore, in the study, to develop the new flat-plate system with high ductile, durable, good performance for the applications. It was evaluated the seismic performance in the critical region of slab-column connection. And then high performance flat plate system, designed by the economy and safety, was developed as a new technique in the application of high-rise hybrid type building.

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Analysis on the Stress and Economy of Feeder Supporting Metal Designed a Steel Pipe (강관을 이용한 급전선금구의 응력해석 및 경제성 분석)

  • Na, Hyun;Ahn, Young-Hoon;Lee, Ki-Won
    • Journal of the Korean Society for Railway
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    • v.11 no.5
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    • pp.499-503
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    • 2008
  • The catenary line and feeder line installed on same electrical pole in opened place of AC electrical rail-road. The Electrical pole has receive a different weight from the catenary line and feeder line. So we have designed the Feeder supporting metal with new shape and material based on this fact. And then we have examined the stability of Feeder supporting metal designed a steel pipe by FEM program. New steel pipe compared with existing steel pipe on a economy respect. That result give proof the stability and economy as feeder supporting steel. There-fore this device have a basic of Value Engineering, so we have the need of reflection to design as a device of new electrical pole.

The Sharing Economy Business Model per the Analysis of Value Attributes (공유경제 비즈니스 모델의 가치 요인 분석)

  • Lee, Junmin;Hwang, Junseok;Kim, Jonglip
    • Journal of Information Technology Services
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    • v.15 no.4
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    • pp.153-174
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    • 2016
  • On account of multiple causes, including prolonged global economic crisis, addressing environmental pollution and the advent of hyper-connected society, a new paradigm called 'sharing economy' has rapidly emerged. Many startups have attempted to build promising business model based on the sharing economy concept. Nevertheless, successful cases are still very rare in the global level, except for Uber and Airbnb cases. Therefore, this study analyzes necessary causes and sufficient causes for successful settlements in the market through a comparative case analysis on digital matching firms in the sharing economy businesses. For the case study, we compare five successful cases (Uber, Airbnb, Kickstarter, TaskRabbit and DogVacay), three failure cases (Homejoy, Ridejoy and Tuterspree) and a platform cooperativism case (Juno) in accordance with six value attributes of business model including value proposition, market segment, value chain, cost structure and profit potential, value network and competitive strategy. We apply Boolean method to support controlled comparison and eliminate unnecessary attributes. The Boolean analysis result shows that value proposition, cost structure and profit potential, value network and competitive strategy are the essential attributes. Furthermore, the result indicates that each attribute is a necessary condition, where all four conditions should be met simultaneously in order to be successful. With this result, we discuss essential consideration for those who are planning startup based on the sharing economy business model.

Developing High-Quality Human Resources in a Knowledge-Based Economy: A Study in Ho Chi Minh City, Vietnam

  • NGUYEN, Nam
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.9
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    • pp.121-129
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    • 2022
  • For decades, Vietnam has been concerned about the need to improve human capital to meet the demands of a knowledge-based economy. The analysis of the country's current situation of human resources in terms of structure, quantity, and the quality shows that Vietnam's human resources are under-qualified compared with other countries in Southeast Asia, such as Thailand, Malaysia, and Singapore. This poses significant challenges to the economy because the development of human resources is always an urgent requirement for a new economy with fast growth, like in the Vietnamese economy. To attract foreign investment capital and develop more strongly, human resources in Vietnam must have progressed in both quality and quantity. Therefore, the author conducts this study to find out the factors that directly affect the quality of human resources, thereby evaluating and offering appropriate solutions to improve the quality of current human resources in Vietnam. More specifically, through quantitative analysis and survey with data about 4000 employees in Ho Chi Minh City, the author has discovered that there are four important factors that make the difference in labor quality, which are age, gender, marital status, and education level of the workers.

Strategic Characteristics of Technologization for Circular Fashion System (순환 패션 시스템을 위한 테크놀로지제이션의 전략적 특성)

  • Mikyung Kim;Eunhyuk Yim
    • Journal of the Korean Society of Clothing and Textiles
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    • v.46 no.6
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    • pp.1039-1057
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    • 2022
  • The fashion system has been criticized for relying on a linear economy to reduce short-term costs and increase profits. Meanwhile, the circular economy strives to expand the value chain through a closed loop for companies, society, and the environment by separating consumption from resources. This study aims to elucidate the strategic characteristics of the technological measures that fashion companies and brands are trying to innovate into a sustainable fashion system on the basis of the circular economy concept. Thus, we conducted case studies by dividing the value chain of the fashion system into design, production, and consumption to identify the technological development of the circular fashion system from a technologization perspective that incorporates technological values. First, design appeared to strengthen emotional durability, design and process with circulation in mind, and fashion product digitalization. Second, production manifested itself as material development for the new fiber economy, improvement of non-environmental processes, and customization of demand-driven, responsive production. Third, consumption was the spread of the environmental consumption culture through the sharing economy platform, the realization of a virtual wearing experience to prevent rapid disposal, and the provision of information on sustainable consumption.

The Growth of Korean Farming in New Zealand Agricultural Environment (뉴질랜드 농업환경속에서 한인 농업의 성장)

  • Cho, Sung-Ho;Lee, Sang-Yool
    • Journal of the Korean association of regional geographers
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    • v.6 no.2
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    • pp.41-55
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    • 2000
  • This study attempts to explore the relationships of Korean Immigrants with New Zealand agricultural environment, their choice of agricultural occupations and adjustments. New Zealand, based on agricultural products in its economy, was one of the richest countries during the 1950s and 1960s because of its dependency in market to United Kingdom Since 1971 when U.K joined the European Community, its economy was no more strong enough to support the living conditions in the 1950's and 1960's. Therefore, New Zealand Government initiated some programme to assist its farmers. Such supports resulted in severe financial problems of the country. Thus, reforms removing almost all support programmes has been proceeded after 1984. Though horticulture is still lower in New Zealand's exports of agricultural products, its growth has been remarkable. This was results due to the contribution of smallholdings, along with migration from city to urban fringe occurred during the 1970's and 1980's. In the 1900's it has been known that horticulture in the smallholding takes a hard works for old ages, who required further partitions their lands. Meanwhile, the rapid growth of Korean immigrants to New Zealand in the 1900's has been occurred, and this study shows one or two years periods in the search of job in case of Korean farmers. The most attractiveness in agriculture for them was that it provides simultaneously both jobs and housing. Korean farmers' land use succeeds previous owner's land use, and concentrates on green house agriculture cultivating mainly tomato and cucumber. The size of land is quite small and not comparable to New Zealand's average size, but a satisfactory levels are rather high and successful in evaluating themselves concerning current occupations, even though they have rarely experienced about agriculture before. Korean farmers attributes a high satisfaction to agricultural techniques learned from previous owners and a related support authority. The results of this study showed that Korean farmers has been absorbed into New Zealand economy rather than Korean economy. Finally, it has been pointed that the growth of Korean farmers and agriculture in New Zealand is the results of complex factors such as occupations, children's educational opportunity, and the access to the city.

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The Creative Economy for People's Happiness: characteristics and policy implications (국민행복을 위한 창조경제: 특성과 함의)

  • Kim, Wangdong;Song, Wichin;Seong, Jieun
    • Journal of Korea Technology Innovation Society
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    • v.16 no.3
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    • pp.672-693
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    • 2013
  • The "Economy" is one of the hottest issues in Korean society these days, but there are still mixed views on the definition and approach to the creative economy, which is the catch phrase of the new government. Under these circumstances, this study assumes the current perspective of the domestic science and technology community on the creative economy fails to properly reflect the spirit of the times and so aims to suggest the "creative economy for people's happiness" as an alternative perspective along with a set of policy implications. To that end, this paper looks through the theory of the creative economy and examines existing perspectives on the creative economy from a critical point of view. And then, it explores the characteristics of the creative economy for people's happiness and related examples. Lastly, policy implications are drawn up for the Park Geun-hye government.

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The Effects of International New Ventures' Social Responsibility Engagement on Local Customer Loyalty: A Perspective of Relationship Marketing in Emerging Economies

  • An, Sang-Bong;Oh, Han-Mo;Kim, Sung-Kwon
    • Asia-Pacific Journal of Business
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    • v.9 no.3
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    • pp.25-35
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    • 2018
  • Research addressing international new ventures' social responsibility activities is scarce. Specifically, researchers have little account for the effects of an international new venture's social responsibility efforts on the outcomes of relationships with local customers in emerging economies. Against this background, we attempt to extend the boundaries of an understanding of the effects of international new ventures' social responsibility engagement on local customers' loyalty through customer trust and customer identification in emerging economies. Based mainly on the stakeholder theory and the relationship marketing theory, our study conceptualize two facets of international new ventures' social responsibility efforts: ethical and philanthropic corporate social responsibility engagement. In addition, we identify positive customer relationship-building mechanisms for each facet. Furthermore, our study presents an empirically testable propositions that would explain how international new ventures' social responsibility efforts influence the outcomes of relationships with local customers in emerging economies. Finally, this manuscript provides a discussion of the present study' implications for theory and practice and limitations that naturally lead to future research on international new ventures' social responsibility activities in developing economies.