• Title/Summary/Keyword: Sales strategy

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Born Global Strategies and the Corporate Performance of Korean Firms

  • Che-Yung Kang;Min-Ho Kim
    • Journal of Korea Trade
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    • 제27권1호
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    • pp.159-175
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    • 2023
  • Purpose - This paper empirically investigates the relationship between born global strategy and the accounting- and market- based financial performance of Korean firms. Further, this study identifies the characteristics of born global firms (BGs) in comparison with non-BG counterparts in terms of size, R&D, and liability. Design/methodology - Using a database of listed Korean SMEs in the manufacturing sector from 2010 to 2020, this study applies panel generalized least squares (GLS) estimation and logistic regression techniques. Findings - This study finds that BG strategy is negatively related to the firm's accounting-based financial performance, while it is positively related to the market-based financial performance. This study also finds that BGs have higher sales volume and more total assets compared to their non-BG counterparts. In addition, Korean BGs spend more on R&D, and at the same time have higher liability. Originality/value - BGs, by definition, are firms that are actively penetrating foreign markets from the early stages of their establishment. Previous studies of Korean BGs have tried to identify the determinants of BGs' rapid internationalization and their superior performance. However, most of these studies have utilized either qualitative case- or survey-based analyses with relatively limited numbers of observations. From a different perspective, this study provides more objective evidence by investigating how the BG strategy affects the financial and market performance of firms, and by characterizing BGs in terms of financial data.

스포츠웨어 브랜드웹사이트의 마케팅 믹스전략 (A Study on Marketing Mix Strategy in Website of Sportswear Brands)

  • 나수임;이민경
    • 한국의상디자인학회지
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    • 제9권2호
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    • pp.155-166
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    • 2007
  • The purpose of the research is to provide the operation plans of internet marketing for effective application as marketing tools by analyzing the application status of marketing mix through the 30 websites of sportswear brands. Firstly, a study on the marketing mix strategy of sportswear brands presents that most brands put a high priority on promotion strategy by achieving online marketing. Secondly, compared with the other company brands which have online shopping mall, the website of sportswear brands consists of centered brand image. Therefore, based on the analysis about the variety of products and merchandise picture in each item and detailed information offer of neo-products introduction, marketing mix is insufficient in the website of sportswear and the price strategy has the least information. After website of sportswear brands is connected with online-shopping mall, guidance for its price and product is performed mainly. Consequently the sales promotion strategy of price needs development through the incentive and discount price. Promotion strategy occupies more parts than any other strategy. Especially, it allows a high proportion of the variety of events and information for the customer services. Also it needs to improve its bulletin board and Q&A board on the website for better communication with customers. Furthermore distribution strategy focuses on information such as location, contact numbers and address of the online shopping mall. Although online shopping mall has its own advantage which is marketing on the internet, it is not yet in progress.

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RFM 기반 SOM을 이용한 매장관리 전략 도출 (Strategy for Store Management Using SOM Based on RFM)

  • 정윤정;최일영;김재경;최주철
    • 지능정보연구
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    • 제21권2호
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    • pp.93-112
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    • 2015
  • 소비자의 소비성향이 필요 품목을 중심으로 근거리에서 구매하는 근린형으로 변화함에 기존의 소매점은 식료품, 생활용품을 위주로 제공하는 슈퍼마켓, 하이퍼마켓 또는 편의점으로 진화하고 있다. 따라서 소매점이 한정된 공간에서 효율적으로 공간을 활용하고 매출을 증대하기 위해서는 소비자의 구매욕을 충족시킬 수 있는 상품배치와 적정한 재고수준을 유지하는 것이 매우 중요하다. 본 연구에서는 소매점의 판매 상품에 대하여 RFM 기반 SOM 군집화를 하여 효율적으로 매장을 관리할 수 있는 상품 배치전략 및 재고전략을 제안하였다. 실제 M마트의 판매데이터를 이용하여 RFM모델을 상품에 적용한 후, 기존 문헌 연구뿐만 아니라 해석 가능성, 응용 가능성 등을 고려하여 3X3 총 9개의 군집으로 분류하여 분석한 결과, 주요 군집으로 R값, F값, M값이 모두 높은 군집, R값, F값, M값 모두 낮은 군집, R값만 높은 군집, F값만 높은 군집이 도출되었다. 본 논문에서는 다른 군집과 비교시 R값, F값, M값이 차이를 보이는 주요 4개의 군집의 상품 배치 및 재고 전략을 제시하였다. R값, F값, M값이 모두 높은 군집의 상품은 소비자 동선을 늘림으로써 상품 노출을 확대시킬 수 있는 장소에 배치하여야 할 뿐만 아니라 높은 수준의 재고를 보유할 필요가 있다. 반면에 R값, F값, M값이 모두 낮은 군집의 상품은 가시성이 낮은 곳에 배치하고 최소한의 안전재고만 보유할 필요가 있다. 또한 R값이 높은 군집은 신상품으로 매장 입구에 배치하여 상품의 판매를 유도할 필요가 있다. 그리고 F값만 높은 군집의 경우, R값과 M값이 평균 값 보다 작은 상품들의 군집이므로 최근에는 판매가 저조하며 빈도 수에 비해 총 판매액이 낮다는 것을 유추할 수 있다. 따라서 현재보다 과거에 많이 판매된 저가의 상품군집으로 재고 수준을 점차 감소시킬 필요가 있다. 본 연구에서 제시한 방법은 POS 시스템의 보유한 소매점에서 상품배치 및 재고관리 방법으로 활용되어 매장의 수익성 증대에 기여할 수 있을 것으로 기대된다.

여주, 이천 지역의 도자기 산업의 실태 조사 분석 (Research It Analysis for the Status of Chinaware Industry of Yeoju and Icheon)

  • 김태호;윤영도;강경식
    • 대한안전경영과학회:학술대회논문집
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    • 대한안전경영과학회 2000년도 춘계학술대회
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    • pp.393-410
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    • 2000
  • For the development of chinaware having korea culture, using marketing survey and questionnaire to analysis of the preference and attitude of customer, and expends marketing share by market segmentation and price differentiation. This study is present to marketing strategy by making the plan of sales promotion for the development of industry chinaware of Yeoju and Icheon area.

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제조기업의 제조물책임(PL)법에 대한 준비 및 대처방안 (Protection and Defence of Manufacturing Company for Production Liability Law)

  • 이상복
    • 품질경영학회지
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    • 제25권4호
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    • pp.140-153
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    • 1997
  • In this paper, we explain Production Liability(PL) law and research Protection and Deference of Manufacturing Company for Production Liability Law. As Protection of Manufacturing company for PL law, we suggest company wide strategy and check list of organization of PL, design, manufacturing field, explanatory note, warning and instruct passage, sales and after service etc as TQM(total quality management) strategic. TQM of protect management of PL, which are all systematic manage of company. We also suggest defence of PL law as inside of company and insure PL insurance as outside of company.

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전자상거래상에서의 소비자 성격유형 분석기법의 적용을 위한 탐색적 연구 : 고객지향 판매장치(COSD)의 설계를 중심으로 (An exploratory study for adjust ing the analysis techniqul of consumer character type - Focused on the Customer Oriented Sale Device(COSD) -)

  • 고정혁;조남준;이종호
    • 한국전자거래학회:학술대회논문집
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    • 한국전자거래학회 2003년도 종합학술대회 논문집
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    • pp.184-189
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    • 2003
  • Usually offline sales depend on the promotion strategy to the consumer-type. But e-commerce has some difficulties in analysing the consumer-type. And providing products and services with differential approaches to the type. Therefore, this study is a kind of explore information to the consumer character-type.

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CRM 시스템 구축의 성공요인에 관한 연구 (A Study on Critical factors of CRM System Construction)

  • 윤성필;양정희
    • 산업융합연구
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    • 제1권2호
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    • pp.205-216
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    • 2003
  • CRM(Customer Relationship Management) is now moving to the center of corporate strategy because acquiring customers is usually much more expensive than keeping them. Some successful CRM cases of leading companies are surveyed and their critical success factors are discussed in this paper. For successful construction of CRM system, It must be considered some critical factors as follows (i) improvement of customer loyalty, (ii) higher customer profitability, (iii) reduced cost of sales.

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Innovative Marketing Channel in the South Korean Retail Banking Industry: The Case of KB Rockstar

  • Chung, Hwan;Kim, Sang Yong;Yoo, Changjo
    • Asia Marketing Journal
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    • 제15권1호
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    • pp.23-42
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    • 2013
  • To overcome the profitability challenge these days, many global banks are increasingly focusing on cost efficiency through more efficient banking processes, such as online and mobile banking, whereas a number of other banks choose to differentiate their services for retaining and attracting the most valuable customer segment (Deloitte, 2011). While global banks in the retail banking industry are adopting either of these two business models as a strategic choice for their long-term growth, KB Kookmin Bank, one of the leading retail banks in South Korea, has begun to operate 'KB Rockstar' as a strategic channel, particularly designed to target college students in the youth market. The new marketing strategy has resulted in a positive impact on its brand image in customers' perception as well as a drastic increase in the number of youth customers. In this study, we analyze the case of 'KB Rockstar' and summarize the key factors for its success from a marketing perspective. First, 'KB Rockstar' is not simply a good channel strategy, but an innovative marketing strategy that aligns place, product and promotion together in order to create a synergy effect, resulting in the successful implementation of the bank's targeting strategy. Second, the strategy effectively establishes 'KB Rockstar' as a brand targeted to youth customers while also competently strengthening the image of the corporate brand, KB Kookmin Bank. The skillful implementation of organically combined marketing mix strategies has enabled the successful launch of the bank's sub-brand. Third, the strategy considers a retail bank branch as not only the place that makes sales transactions in order to generate short-term profits, but also the place that builds a long-term relationship with customers in order to maximize their lifetime values in the long run.

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동북아시대 광양항의 운영실태와 장기 발전방안 -물류거점화를 중심으로- (The Operation, Problems and Long-term Development Policy of Gwangyang Port in Northeast Asia - With Regard to Logistics Hub Strategy -)

  • 정봉현;최정우
    • 한국항만경제학회지
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    • 제20권1호
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    • pp.21-42
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    • 2004
  • This paper addresses the operation, problems, and development policy of Gwangyang Port, Korea. This paper aims to analyze the operation condition and problems of Gwangyang Port and suggest long-term policies for developing Gwangyang Port as a logistic hub in northeast period. It is made up of three main sections: the operation, problems, and forecast of freight volumes; analysis of operational results of Gwangyang Port; development strategies of Gwangyang Port as a Logistics Hub. This paper was mainly based on a review of current papers/reports, an analysis of secondary data, and questionnaire survey. The major development strategies identified consisted of expansion regular service sea-route, formation of inter-modal transportation system, strengthening of port sales for Gwangyang port's recognition, securing operation-profits by fixed cargo volume, and promotion of free tread zone.

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우루과이 라운드협상에 대비한 우리나라 해운기업의 국제마아케팅전략에 관한 연구 (A Study on the International Marketing Strategy of Korean Shipping Firms for Uruguy Round)

  • 신한원
    • 한국항해학회지
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    • 제17권4호
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    • pp.31-42
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    • 1993
  • The purpose of this study was to find out the most approriate international marketing strategy of Korean shipping firms for Uruguy Round expected to be agreed among GATT members in 1993. In literature sur-vey, the service marketing philosophy was reviewed to clarify the functions and roles of marketing concept in setting up the international marketing strategies for shipping firms. The marketing concepts are characterized as follows ; 1) production-oriented stage, 2) sales-oriented stage, 3) marketing-oriented stage in the order of historical development. An comparative analysis was car-ried out to examine the differences in marketing strategies among Korean shipping firms and U.K. ship-ping firms.

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