• Title/Summary/Keyword: SMBs

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SMB Work Innovation and Ripple Effect Analysis: Focusing on Smart Working Case (중소기업의 업무혁신과 파급효과 분석: 스마트워킹 사례를 중심으로)

  • Lee, Jung-Hwan;Seoung, Jeong-Eun;Han, Yeong-Do
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.36 no.4B
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    • pp.322-331
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    • 2011
  • Recently, the social issues such as low birth rate, an aging population has brought about decreasing labor productivity and productive population. To relieve these problems, the government has planned to set up smart working infrastructure and will raise the number of smart worker to around 30 percent of the total working population by 2015. This study scrutinizes to the meaning of smart working with the concepts of new work pattern and open innovation. The empirical analysis result shows 56.9% of SMBs thought a need for such system and 60.1% of them answered to adopt it. And the market related to smart working of SMBs will increase to 17.5% every year to the point that by 2014. It will be worth 1.54 trillion won and create up to 38,000 job positions. While prior researches on SMB suggested key drivers and guideline for innovation, this study gives some implications of impact and ripple effect of smart working as an innovation factor based on empirical analysis.

Micro-hardness and Young's modulus of a thermo-mechanically processed biomedical titanium alloy

  • Mohammed, Mohsin Talib;Khan, Zahid A.;M., Geetha;Siddiquee, Arshad N.
    • Biomaterials and Biomechanics in Bioengineering
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    • v.1 no.3
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    • pp.117-130
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    • 2014
  • This paper presents a study on the influence of different thermo-mechanical processing (TMP) parameters on some required properties such as micro-hardness and Young's modulus of a novel near ${\beta}$ alloy Ti-20.6Nb-13.6Zr-0.5V (TNZV). The TMP scheme comprises of hot working above and below ${\beta}$ phase, solutionizing treatment above and below ${\beta}$ phase coupled with different cooling rates. Factorial design of experiment is used to systematically collect data for micro-hardness and Young's modulus. Validity of assumptions related to the collected data is checked through several diagnostic tests. The analysis of variance (ANOVA) is used to determine the significance of the main and interaction effects. Finally, optimization of the TMP process parameters is also done to achieve optimum values of the micro-hardness and Young's modulus.

The Impact of Entrepreneurship on Corporate Performance: Focusing on the Effects of Technological Innovation and Marketing Competence (기업가정신과 기업성과간 관계에서 기술혁신성과 마케팅역량의 영향)

  • Jeon, In-oh
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.12 no.3
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    • pp.87-105
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    • 2017
  • This study investigates the effect of entrepreneurship on corporate performance highlighting the mediating role of technological innovation and the moderating role of marketing competence. By identifying the role of technological innovation and marketing competence within the relationship between the entrepreneurship and corporate's business performance, this study aims to improve SMBs' competence. Special attention was given to the fact that while there are some technology-based SMBs which have achieved positive outcomes through innovation, there are some other firms which have not been able to deliver expected outcomes despite of their technological competence. The data used in this study came from CEO or chief research executives of SMBs. Results of the data analysis show that the innovative sprit which is an important factor of entrepreneurship has an positive effect on technological performance, financial performance and non-financial performance. However, risk- taking tendency has an positive effect on technological performance but negative effects on financial and non- financial performance of the firms. This study also has examined the mediating effect of technological innovation on the relationship between entrepreneurship and corporate's performance and the result reveals that technological innovation plays a mediating role within the relationship. Specially, innovative spirit plays a full mediating role within the relationship between technological commercialization capacity and financial and non-financial performances of SMEs'. Also, risk taking tendency has a full mediating effect on the positive relationship between strategic planning capability and both financial and non-financial performance. Regarding the moderating role of marketing capability within the relationship between the entrepreneurship and the performance of the firms, results of data analysis shows as follows. Marketing professional capability plays a moderating role between risk taking tendency and performance of the firm and marketing structural capability plays a moderating role between innovative spirit and the performance of the firms. Based on these results, this study confirms that SMEs' business performance is effected by entrepreneurship. Innovative spirit plays a mediating role within the relationship entrepreneurship and business performance. However, Marketing capability has a partial moderating effect on the relationship between the entrepreneurship and the business performance.

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A study on the ecosystem activation of mobile sector: focused on small and medium businesses (모바일 분야 생태계 활성화 방안 연구 : 중소기업을 중심으로)

  • Ahn, Jong-Chang;Lim, Chae-Young;Joe, Moon-Jeung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.11
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    • pp.390-398
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    • 2017
  • In this study, we conducted a questionnaire survey for the purpose of finding a method of mobile sector ecosystem activation targeted at small and medium businesses (SMBs). Through the total of 204 responders consisting of business employees from each mobile sector, we analyzed the factors inhibiting the development of the mobile ecosystem and preventing the activation the mobile market, as well as conducting a diagnosis of the digital potential. This paper presented suggestions for searching for a systematic supporting strategy considering the short-term inhibitory factors (market structure improvement, financial support, etc.) and long-term orientation factors (personnel nurturing, strengthening of supporting role by governmental initiative) for the activation of the domestic mobile market. After measuring the digital potential, we found that domestic mobile SMBs have perceived the importance of the digital potential and have considered and readied themselves for the future market. The present survey found that if suitable digitalization can be accomplished for their firms' products and services, they have the ability and willingness to succeed in the market. However, they have a hard task ahead of them from adigital delivery perspective given the potential for digital disruptions.

Synthesis of Surface Crosslinked Poly(sodium acrylate) for Delayed Absorption in Cement Solution (시멘트 수용액에서 흡수 지연을 위한 Crosslinked Poly(sodium acrylate)의 표면 가교)

  • Hwang, Ki-Seob;Jang, Seok-Soo;Jung, Yong-Wook;Lee, Seung-Han;Ha, Ki-Ryong
    • Polymer(Korea)
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    • v.35 no.4
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    • pp.363-369
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    • 2011
  • To study the effect of incorporation of a surface crosslinking layer on a crosslinked poly (sodium acrylate) (cPSA) absorbent with ethylene glycol dimethacrylate CEGDMA), we synthesized several surface crosslinked cPSAs with EGDMA by an inverse emulsion polymerization method to delay the absorption of excess water in concrete, Liquid paraffin was used as a continuous phase. cPSA was synthesized with acrylic acid (AA) neutralized with aqueous 8 M sodium hydroxide solution as a monomer, N,N-methylene bisacrylamide (MBA) as crosslinking agent and ammonium persulfate (APS) and sodium metabisulfite (SMBS) as a redox initiator system by inverse emulsion polymerization. FTIR spectroscopy was used to characterize $Ca^{2+}$ ion interaction with cPSA and cPSA-EGDMAs. The swelling ratios of synthesized absorbents were evaluated from the absorption in deionized water, cement saturated aqueous solution and aqueous solution of calcium hydroxide (pH 12). Equilibrium swelling times for cPSA and surface crosslinked cPSA with EGDMA were 2 and 3 hrs, respectively. We also observed an increase in setting time of the cement and an increase in the compressive strength of mortar by addition of the synthesized cPSA-EGDMA.

What Prompted Shadow Banking in China? Wealth Management Products and Regulatory Arbitrage

  • SHAH, Syed Mehmood Raza;LI, Jianjun;FU, Qiang
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.63-72
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    • 2020
  • Shadow banking in China has been growing rapidly; banks use wealth management products aggressively to evade regulatory constraints. The loan-to-deposit ratio or LDR targets both sides of the balance sheet; loans in terms of asset-side, and deposits in terms of liabilities-side; banks needed to control and maintain both sides. Regulators restricted Chinese banks to maintain a 75% limit for their loan-depositratio. Banks' needed to either lower their loans or increase the deposits; WMPs helped banks to evade this limit. Banks issue more WMPs to control and manage a 75% statutory ceiling LDR. This WMPs-LDR positive association disappeared post-2015 period. This study empirically examined how Chinese banks use WMPs issuance to avoid regulatory constraints. Quarterly panel data for 30 top Chinese banks were used by analyzing pre-2015 (during the 75% LDR limit) and post-2015 (after removal of the LDR limit). This study also performed fixed-effects model as recommended by the Hausman specification test, with feasible generalized least squares FGLS estimation technique. The results of this study show that for the pre-2015 period, Chinese banks use issuance of WMPs aggressively to manage their LDR limit; this WMPs-LDR relationship disappeared post-2015 period. Moreover, SMBs use WMPs more eagerly as compare to Big4 banks.

Analysis of flexural fatigue failure of concrete made with 100% coarse recycled and natural aggregates

  • Murali, G.;Indhumathi, T.;Karthikeyan, K.;Ramkumar, V.R.
    • Computers and Concrete
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    • v.21 no.3
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    • pp.291-298
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    • 2018
  • In this study, the flexural fatigue performance of concrete beams made with 100% Coarse Recycled Concrete Aggregates (RCA) and 100% Coarse Natural Aggregates (NA) were statistically commanded. For this purpose, the experimental fatigue test results of earlier researcher were investigated using two parameter Weibull distribution. The shape and scale parameters of Weibull distribution function was evaluated using seven numerical methods namely, Graphical method (GM), Least-Squares (LS) regression of Y on X, Least-Squares (LS) regression of X on Y, Empherical Method of Lysen (EML), Mean Standard Deviation Method (MSDM), Energy Pattern Factor Method (EPFM) and Method of Moments (MOM). The average of Weibull parameters was used to incorporate survival probability into stress (S)-fatigue life (N) relationships. Based on the Weibull theory, as single and double logarithm fatigue equations for RCA and NA under different survival probability were provided. The results revealed that, by considering 0.9 level survival probability, the theoretical stress level corresponding to a fatigue failure number equal to one million cycle, decreases by 8.77% (calculated using single-logarithm fatigue equation) and 6.62% (calculated using double logarithm fatigue equation) in RCA when compared to NA concrete.

Study on Financing and Liquidity in Early-Stage SMBs (창업초기 투자자금조달과 유동성에 대한 연구)

  • Kang, Won
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.5
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    • pp.1-11
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    • 2014
  • This article studies the types of financing and the liquidity of small and medium size firms in their early-stage. The sample firms distinguish themselves from the established firms in the second year after foundation in that they rely heavily on external equity financing. However, they use the internal financing the most in the fourth year and do not show distinguishing feature any more. In the mean while, they do not show any serious liquidity problem either in the second year or in the fourth year. The empirical results imply that early-stage lasts rather short after the foundation for successful Korean firms, and that a distinguishing feature of early-stage firm can be found only in financing, not in liquidity. They also allow us to assert that Government-lead financial aid programs should be limited to two- or three-year-old firms and focused on helping their financing investments rather than easing their liquidity problem.

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A User Privacy Protection Scheme based on Password through User Information Virtuality in Cloud Computing (클라우드 컴퓨팅에서 패스워드기반의 사용자 정보 가상화를 통한 사용자 프라이버시 보장 기법)

  • Jeong, Yoon-Su;Lee, Sang-Ho
    • Journal of Convergence Society for SMB
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    • v.1 no.1
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    • pp.29-37
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    • 2011
  • As the area of informatization has been expanding followed by the development of information communication technology, cloud computing which can use infra sources like server, storage, and network in IT area as an efficient service whenever and wherever skyrockets. But users who use cloud computing technology may have some problems like exposure personal data, surveillance on person, and process on commercial purpose on their personal data. This paper proposes a security technique which protect user's privacy by creating imaginary user information not to be used by other people. The proposed technique virtualizes user's information as an anonymity value not to let other people know user's identity by combining PIN code with it and guarantees user's anonymity. Also it can manage and certificate personal information that is important in cloud computing, so that it can solve security problem of cloud computing which centers all informations. Therefore this paper can assist upgrading of the level of information of poor SMBs through safe use of cloud computing.

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A Study of the Determination of the Priority of Strategies for the Activation of the Business Ecosystem of Big Science: With a Focus on Nuclear Fusion and Accelerator Devices (거대과학 산업생태계 활성화 전략의 우선순위 결정에 관한 연구: 핵융합과 가속기 장치를 중심으로)

  • Cho, Wonjae;Kim, Youbean;Tho, Hyunsoo;Chang, Hansoo
    • Journal of Korea Technology Innovation Society
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    • v.16 no.4
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    • pp.1163-1186
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    • 2013
  • Big science such as nuclear fusion accelerators shares the characteristic of requiring long-term and massive budget input, human power, and related state-of-the-art technology. Because big science, by nature, thus requires large-scale budgets and facilities yet harbors the possibility of failure, most projects are led by the government. When the actual circumstances are examined, however, such projects are often implemented through the formation of cooperative relations with small and medium businesses (SMBs) possessing outstanding technological capacity. On the other hand, the reality is that the entry of corporations into the business ecosystem of big science is not easy and that even those that have once entered big science likewise fail to find sales outlets for technology that they have developed following the supply of single items, thus leading their technological capacity to lie idle. Consequently, based on an awareness of the problem, the present study seeks to propose strategies for activating the business ecosystem of nuclear fusion and accelerators and to present alternatives regarding which policy tasks must be pursued first by using the analytic hierarchy process (AHP) technique. The present study derived the four policy alternatives of approach, care, expansion, and infrastructures in accordance with the results of empirical analysis to activate the business ecosystem of nuclear fusion and accelerators and analyzed their priority in terms of urgency and effectiveness, the results of which were, in this order: care-approach-expansion-infrastructures. The significance of such research results lie in presenting the policy direction when the government determines which policy task must be pursued first and implements strategies for the activation of the business ecosystem of nuclear fusion and accelerators with limited financial resources in the future.

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