• Title/Summary/Keyword: Practical Management

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An empirical analysis based on organizational members' perceptions about the effects of antecedents to the external knowledge network on product and service innovations : on the basis of the open innovation perspective (조직 구성원들이 인식하는 자사의 외부 지식 네트워크 구축의 선행요인들이 제품 및 서비스 혁신에 미치는 영향에 관한 실증분석 : 개방형 혁신의 관점을 기반으로)

  • Hau, Yong Sauk;Kang, Minhyung
    • Knowledge Management Research
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    • v.14 no.3
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    • pp.87-100
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    • 2013
  • As the external knowledge networks of firms have become more and more important to their product and service innovations, many global leading companies such as P & G, IBM, and Samsung Electronics have formulated and implemented their open innovation strategy. This study attempts to empirically analyze the effects of CEOs' supports for external knowledge networks, external knowledge network-oriented cultures and inter-organizational knowledge management systems as the major antecedents to external knowledge networks by using the data based on organizational members' perceptions about them. Based on 847 samples collected from employees in three companies in the medical, the construction and the IT service industries, this study performed a structural equation modeling (SEM) analysis about the effects of the antecedents to the external knowledge networks on product and service innovations through Partial Least Squares (PLS). The empirical findings of this study show that CEOs' supports for external knowledge network positively influence product and service innovations, partially mediated by external knowledge network-oriented cultures and inter-organizational knowledge management systems. And they also show that external knowledge network-oriented cultures and inter-organizational knowledge management systems have a positive effect on product and service innovations, respectively, partially mediated by external knowledge networks. With these new findings, academic and practical implications are discussed.

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Some Observations for Portfolio Management Applications of Modern Machine Learning Methods

  • Park, Jooyoung;Heo, Seongman;Kim, Taehwan;Park, Jeongho;Kim, Jaein;Park, Kyungwook
    • International Journal of Fuzzy Logic and Intelligent Systems
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    • v.16 no.1
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    • pp.44-51
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    • 2016
  • Recently, artificial intelligence has reached the level of top information technologies that will have significant influence over many aspects of our future lifestyles. In particular, in the fields of machine learning technologies for classification and decision-making, there have been a lot of research efforts for solving estimation and control problems that appear in the various kinds of portfolio management problems via data-driven approaches. Note that these modern data-driven approaches, which try to find solutions to the problems based on relevant empirical data rather than mathematical analyses, are useful particularly in practical application domains. In this paper, we consider some applications of modern data-driven machine learning methods for portfolio management problems. More precisely, we apply a simplified version of the sparse Gaussian process (GP) classification method for classifying users' sensitivity with respect to financial risk, and then present two portfolio management issues in which the GP application results can be useful. Experimental results show that the GP applications work well in handling simulated data sets.

Talent Conceptualization and Talent Management Approaches in the Vietnamese Banking Sector

  • DANG, Nhan Truong Thanh;NGUYEN, Quynh Thi;HABARADAS, Raymund;HA, Van Dung;NGUYEN, Van Thuy
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.453-462
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    • 2020
  • The research postulates the conceptualization of talent in the Vietnamese banking sector via examining the factors pertaining to the concept of talent and talent management (TM) in the sector. This study applied qualitative research methods. A total of 20 managers and directors of ten banks (three public, four private and three foreign banks) were recruited for semi-structured interviews. The findings revealed that a combination of interconnected soft skills, learning ability, flexibility, technology adaptability, integrity and risk management skills contributes to talent identification. Managers in some private banks construed talent to be commensurate with high performance and high potential, whereas managers in public banks and foreign banks mainly relied on performance results in talent recognition. Moreover, talented employees holding sales-related jobs are given the most attention by management in the studied banks. Regarding practical implications, the banking community and practitioners' focus should be imparted to soft skills development and integrity control in order to foster employee performance and attitudes. Attention should be paid not only to sales positions, but also to other positions within the bank. This study is one of a few which explores talent concepts and TM approaches in the banking sector in general and Vietnamese banking field in particular.

Optimization Methodology Integrated Data Mining and Statistical Method (데이터 마이닝과 통계적 기법을 통합한 최적화 기법)

  • Song, Suh-Ill;Shin, Sang-Mun;Jung, Hey-Jin
    • Journal of Korean Society for Quality Management
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    • v.34 no.4
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    • pp.33-39
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    • 2006
  • These days manufacture technology and manufacture environment are changing rapidly. By development of computer and enlargement of technique, most of manufacture field are computerized. In order to win international competition, it is important for companies how fast get the useful information from vast data. Statistical process control(SPC) techniques have been used as a problem solution tool at manufacturing process until present. However, these statistical methods are not applied more extensively because it has much restrictions in realistic problems. These statistical techniques have lots of problems when much data and factors are analyzed. In this paper, we proposed more practical and efficient a new statistical design technique which integrated data mining (DM) and statistical methods as alternative of problems. First step is selecting significant factor using DM feature selection algorithm from data of manufacturing process including many factors. Second step is finding optimum of process after estimating response function through response surface methodology(RSM) that is a statistical techniques

Achievement and Future Tasks of Healthcare Industry Globalization Policies (보건의료산업 글로벌화 정책의 성과 및 향후 과제)

  • Jung, Kee Taig;Choi, Hun Hwa
    • Health Policy and Management
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    • v.28 no.3
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    • pp.288-293
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    • 2018
  • In 1994 Korea government began to develop the healthcare industry, since then the government has tried to create opportunities to promote the industry through various political efforts and policies. The biggest achievement was attracting foreign patients from 2009 to 2016 with a cumulative 1.56 million and total revenue of 3 trillion won. But Korea still loses the opportunity to become a global leader in the health care industry due to regulations and various ideological disputes. Accordingly, it is necessary to facilitate policy understanding and present a practical road map so that Korea's healthcare industry become a new growth engine that will lead the trend of global market in the future. It also suggests a national economic development paradigm, the health economy as health and economic value are rotated through a shift in view of health care. At this point, 20 years after the beginning of the healthcare industry development, it is necessary to evaluate the related policies and discuss effective future directions. In this sense, the purpose of this study is to examine the policies and limitations of the healthcare industry by each government division, and based on it, to propose political tasks for the future.

Analysis of Performance Requirement for Long-term Care Workers of Home Visit Care and Home Visit Bathing based on Korean Long-term Care Insurance System (방문요양.방문목욕 장기요양기관의 요양보호사 업무수행 요구도 분석)

  • Chang, Hyun-Sook
    • The Korean Journal of Health Service Management
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    • v.5 no.3
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    • pp.77-88
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    • 2011
  • As same time of starting on the Korean Long-term Care Insurance System, the government developed a program to train new qualification of long-term care workers. The number of enrolled long-term care workers are 950,000 persons in 2010. Mostly they are working in home based care work places such as home visit care centers and home visit bathing centers covered insurance. The purpose of this study is to understand the difference of task performance requirement according to long-term care workers' responsibilities which divided into home visiting care and home visiting bathing. The comparison analysis was conducted to task performance requirement in basic management, safety management, administration management, practical services. Key result was found that task performance requirement of long-term care workers whose responsibilities are home visiting care were more higher than the home visiting bathing. Finally, To improve quality of home visiting care and home visiting bathing, it is necessary to provide the fields based continuing education and reflect new reimburse system.

Investigation on the Management Status of Incentive Pay System in Hospital and Strategy to Invigorate (병원의 성과급제 운영실태 및 활성화 전략)

  • Moon, Young-Jeon;Park, Jae-San;Ahn, In-Whan
    • The Korean Journal of Health Service Management
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    • v.5 no.1
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    • pp.31-44
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    • 2011
  • The objectives of this study were first to inspect the background information of an incentive pay system in hospitals, which provide specialized services for the public, the current status of hospitals with the system, as well as effects produced by introducing it, and then to come up with measures to invigorate the system. According to the findings of a survey, a total of 123 out of 150 hospitals responded that they applied the system to their HR management, some fully or some partially, which accounts for 82.0 percent. This study suggested that the following strategies to invigorate the incentive pay system: having a clear objective when adopting the system; concerted performance targets; practical yet worth challenging business objectives; transparent information disclosure; and establishing a confidence-building system between labor and management. Mutual trust between labor and capital should be a key factor for the successful implementation of the incentive pay system.

Development of Fuzzy Model for Analyzing Construction Risk Factors (건설공사의 리스크분석을 위한 퍼지평가모형 개발)

  • Park Seo-Young;Kang Leen-Seok;Kim Chang-Hak;Son Chang-Bak
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.519-524
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    • 2001
  • Recently, our construction market recognizes the necessity of risk management, however the application of practical system is still limited on the construction site because the methodology for analyzing and quantifying construction risk and for building actual risk factors is not easy. This study suggests a risk management method by fuzzy theory, which is using subjective knowledge of an expert and linguistic value, to analyze and Quantify risk. The result of study is expected to improve the accuracy of risk analysis because three factors, such as probability, impact and frequency, for estimating membership function are introduced to quantify each risk factor.

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An Empirical Study on the Management Performance of National Quality Award Winners (국가품질상(國家品質賞) 수상기업(受賞企業)의 경영성과(經營成果)에 관(關)한 실증적(實證的) 연구(硏究))

  • Kim, Woo-Jung;Yoo, Ji-Chul;Kim, Kwang-Soo
    • Proceedings of the Safety Management and Science Conference
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    • 2009.11a
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    • pp.251-268
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    • 2009
  • This study aimed at working out a practical plan in order that National Quality Award may be helpful to develop enterprises. In line with this aim, this study investigated the cases of foreign countries that evaluate the quality managements of enterprises on the basis of the standard model, and the aftereffect of winning the award, and its influence on management performance. Investigation was focused on the companies that won Quality National Award as a result of quality innovation activities and met with good results since then and finally won Korea Quality Grand Prix 3 years after winning the award, and questionnaire was performed to the directors of the competent authorities. The questionnaire was sent by e-mail, and its questions were made with a help from the advisers of National Quality Award. Questions were mostly focused on four parts, the general states of enterprises, the operation system of National Quality Award, the after effect of winning the award, and management performance shown after winning the award.

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Analytic Model on the Success/Failure Structure of New Product Development by Product Characteristic Grill (제품속성별 신제품개발의 성패구조 분석모형)

  • Gwon Cheol Sin;Lee Jae Ha
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2002.05a
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    • pp.205-211
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    • 2002
  • The purpose of this paper is 1) to extract managerial factor into each cell which is classified by the characteristic grill of new products 2) to construct a management model of new product development for korean companies. For this purpose, the characteristic grill of new products is classified by which is market/technology sphere. Moreover the focus of this analysis is on examination of success/failure factors, which have an important effect upon new product success or failure. The variables for this study were selected from literature survey and pre-interview was implemented specially. The subject of study was project leaders of electronics industry where have taken the leading part in product development activities in Korean manufacturing industries. Enquete survey was conducted in each firm and project managers were asked to respond. Conclusion of this study based on many significant results gained by the various multi-variate analysis are summarized as follows. First, it can he noted that success/failure factors are different by each classified model and characteristic grill of a new product. Second, it has been identified that the important factors of success products were technical & management support and market ability, the important factor of failure product were lacking in ability of technical development and R&D management system construction. This paper presents some useful guidelines in strategic and managerial aspects for development of new products. Concurrently, the model of this study should be a great practical approach for application of actual affairs.

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