• Title/Summary/Keyword: Small & Medium-sized Company

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Empirical Analysis on the Relationship between R&D Inputs and Performance Using Successive Binary Logistic Regression Models (연속적 이항 로지스틱 회귀모형을 이용한 R&D 투입 및 성과 관계에 대한 실증분석)

  • Park, Sungmin
    • Journal of Korean Institute of Industrial Engineers
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    • v.40 no.3
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    • pp.342-357
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    • 2014
  • The present study analyzes the relationship between research and development (R&D) inputs and performance of a national technology innovation R&D program using successive binary Logistic regression models based on a typical R&D logic model. In particular, this study focuses on to answer the following three main questions; (1) "To what extent, do the R&D inputs have an effect on the performance creation?"; (2) "Is an obvious relationship verified between the immediate predecessor and its successor performance?"; and (3) "Is there a difference in the performance creation between R&D government subsidy recipient types and between R&D collaboration types?" Methodologically, binary Logistic regression models are established successively considering the "Success-Failure" binary data characteristic regarding the performance creation. An empirical analysis is presented analyzing the sample n = 2,178 R&D projects completed. This study's major findings are as follows. First, the R&D inputs have a statistically significant relationship only with the short-term, technical output, "Patent Registration." Second, strong dependencies are identified between the immediate predecessor and its successor performance. Third, the success probability of the performance creation is statistically significantly different between the R&D types aforementioned. Specifically, compared with "Large Company", "Small and Medium-Sized Enterprise (SMS)" shows a greater success probability of "Sales" and "New Employment." Meanwhile, "R&D Collaboration" achieves a larger success probability of "Patent Registration" and "Sales."

An analysis on problem of the safety educational system for supervisor in Medium and Small-sized Manufacturing industry (중소규모 제조업의 관리감독자 교육제도 문제점 분석)

  • Gwon, O-Jin;Kim, Byeong-Seok
    • Proceedings of the Safety Management and Science Conference
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    • 2013.11a
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    • pp.221-230
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    • 2013
  • This paper is written following an analysis of occurrence trend of industrial disaster in manufacturing industry. One of major reason of industrial accident is unsafe action caused by lack of work supervision. so we have surveyed the understanding level of supervisors for industrial safety and their education of industrial safety which is forced by industrial law. We have got the result that the supervisor's education is necessary to prevent industrial disaster but it's not fit for their own workplace for various reasons from the survey and analysis. I would like to suggest effective solutions. The institute of education should train that they can execute safety and health works themselves by classification of the industrial category, company scale and located region. Also, government should endow supervisors with authority and responsibility for the activation of education system. Finally, government should support the expense of education to medium and small-sized enterprises especially, and they should be interested in the attendance and execution of education. They will achieve the goal to prevent industrial disasters in manufacturing industry through the enforcement of effective supervisor system as per the remark mentioned above.

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Correlation between the Profitability and Working Capital Practices: A Case Study in the Gulf Cooperation Council

  • KHAN, Mohammed Abdul Imran;ALAM, Md. Shabbir;SYED, Ahsan Jamil
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.229-235
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    • 2021
  • The ability of entrepreneurs to arrange working capital is the key to maximizing the profitability of small- and medium-sized enterprises and the wealth of entrepreneurs. The study investigates the correlation between entrepreneurs' working capital management and the profitability of SMEs listed on six Gulf Cooperation Council (GCC) stock exchanges between 2019 and 2020. The secondary data is collected from the financial statements of SMEs listed on the six GCC stock exchanges. Actual sample for the research study was a total of 136 small- and medium-sized enterprises selected using purposive sampling methods. Four research models were considered in this analysis, all ending up affecting gross profits. The selected entrepreneurial SMEs were listed on six different Gulf Cooperation Council stock exchanges during 2019-2020. The fixed financial assets ratio, financial debt ratio, and company size are used as control variables and data were analyzed using multiple regression. The research results demonstrate that there is a statistically significant negative correlation between profitability measured by gross profit and cash cycle and the components of the cash cycle (including days of accounts receivable and days of inventory). The study further reveals that there is no significant correlation between gross profit and days of accounts payable.

Improved Approach to ISO 9002 Certification for Small and Medium Construction Company (중소건설업체 ISO 9002 인증추진 절차 개선방안)

  • 이재훈;강창욱
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.19 no.40
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    • pp.351-360
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    • 1996
  • Korean construction companies are now in very difficult situation due to the recent construction accident, opening of domestic market, the advent of boundless competition period in WTO, etc .Introduction of quality management system is quite urgent in order to strengthen our international competitiveness through the superiority of quality and foster the long term growth of organization. Substantially, many companies are proceeding with or completed the introduction of quality management system but small and medium sized construction companies have difficulties due to lack of money and man power. In this paper, five stage procedures, which can be efficiently applied to introduction and operation of qualify management system, have been suggested to help the minor construction companies which want to adopt the quality management system. This study is considered to be helpful for the companies which will introduce quality management system.

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Growth Strategy of PASECO as a Global Electronic Company: Focusing on the Middle East Market

  • KIM, Byoung-Goo;LEE, Chun-Su
    • East Asian Journal of Business Economics (EAJBE)
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    • v.7 no.4
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    • pp.27-40
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    • 2019
  • Purpose - This study aims to analyze PASECO's environment and strategies during its advance into the Middle East to find out the success factors of the kerosene heater market and provide strategic implications for small and medium enterprises' growth based on these factors. Research design and methodology - This study analyzes the success factors of companies operating in the Middle East. As a case analysis study, the method of research analyzes case enterprises through existing literature, newspaper articles, and corporate interview materials. Results - PASECO's success was shown by its high technological power in kerosene heater products, understanding customers' needs, understanding the Middle East market and localization strategy. Conclusions - PASECO has been constantly developing R&D capability to secure competitive products and has released localized products to enhance the satisfaction of its customers in the Middle East and has also been successful by constantly creating new opportunities. The firm's success strategies provide implications for small and medium-sized businesses for greater growth.

A Study on the Application and Service Factors Confidence of e-Trade (전자무역 활용 및 서비스요인에 관한 연구)

  • Lim, Cheon-Hyeok;Park, Nam-Kyu
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.43
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    • pp.397-422
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    • 2009
  • Electronic trade reduces additional costs generated from the issuing and management of paper documents, and overcomes the physical limitations of commercial transactions as well as the geographical and time limitations resulting from trading with foreign countries. These characteristics of electronic trade guarantees better and more effective global marketing for companies. In addition, by expanding relative superiority of large corporations to medium-small sized companies, many medium-small companies have shown great interest in electronic trade to promote its exporting businesses, and implementing changes to facilitate electronic trade into their business system. Therefore, it is expected that the electronic trade will be more widely distributed and utilized by businesses of all sizes in the future. The adaptation and implementation of the electronic trade system can only have prosperous effects when there is a high efficiency in the utilization and service process of the concerned company. Under this premise, this research first examined electronic trade, characteristics of the company and information utilization as the key elements to determine the effectiveness of the utility aspect. Then it examines confirmation of product demand, registration of revenues, and authorization as the key elements to determine the level of service process.

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Impact of CEO's transformational leadership on empowerment, self-efficacy and job satisfaction in IT company (IT기업 경영자의 변혁적 리더십이 임파워먼트, 자기효능감, 직무만족에 미치는 영향)

  • Jeong, Giho
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.11 no.2
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    • pp.167-179
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    • 2015
  • Recently the small and medium sized companies are more difficult to find people than large companies. So it is natural that having a great interest in leadership and its effects in organizations. This study examines how transformational leaders influence on empowerment, self-efficacy and job satisfaction in IT company. Investigating the effect between transformational leadership and job satisfaction in IT company may also be a tip of an understanding of how to manage employee turnover. Samples of 387 employees in IT companies were analyzed by structural equation modeling using Lisrel 8.7 and it showed acceptable data-fit of proposed model and supported all of research hypotheses. The empirical results indicated that transformational leadership significantly influences empowerment, self-efficacy and job satisfaction and also it confirmed that empowerment and self-efficacy are effective mediators linking job satisfaction. That is the findings reveal that transformational leaders boost employee's job satisfaction indirectly.

A Comparative Study on Productivity of the Single PPM Quality Certification Company by using the Bootstrapped Malmquist Productivity Indices (부트스트랩 맘퀴스트 생산성지수를 이용한 Single PPM 인증기업의 생산성 비교 연구)

  • Song, Gwang-Seok;Yoo, Han-Joo
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2010.04a
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    • pp.33-48
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    • 2010
  • The purpose of this study is to empirically analyze the productivity change of the 10 Single PPM Certification Company in the 3 Industry(Electronics, Motor-Parts, Machines). In this study, Productivity change over the time in Korean small and medium sized firms in the 3 industries by the bootstrapped Malmquist Productivity Index(MPI). The traditional Malmquist Productivity Index(MPI) and Data Envelopment they could lead to wrong evaluations of the efficiency and productivity scores. In this paper, DEA and a MPI are combined with a bootstrap method in order to provide statistical inferences that analyze the performance of the Single PPM Certification Company. The data cover the period between 2004 and 2007. The result of this paper reveals : 1) The electronic industries(Motor-Parts, Machines). 2) average productivity Progress of the 7DMU(Electronics), 1DMU(Motor-Parts) and none(Machines).

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A Case Study on Activity of Industrial safety Work Environments for Auto-part Company using Thinking Process of TOC (TOC의 TP를 활용한 자동차부품제조업체의 산업안전활동에 관한 사례 연구)

  • Kim, Tai-Chul;Lee, Jun-Soo;Jeong, Byung-Ho
    • Journal of the Korea Safety Management & Science
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    • v.8 no.3
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    • pp.87-101
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    • 2006
  • This paper was concerned about case study for preventing WMDSs(Work-related Musculoskeletal Disorders) by using Thinking Process of TOC(Theory Of Constraints), Unfortunately, the number of WMDSs are rising steadily in auto-part manufacturer. These WMDSs have on worse and worse influence not only on the competition of enterprise but on the life quality of a worker. The research results are helpful to establish the preventing WMDSs and improvement of workplace environments for small-medium sized auto-part company.

Design of Performance Measurement Indicators for the Small and Medium Sized Manufacturing Company (중소(中小)제조업의 성과평가를 위한 성과측정지표 설계 방법)

  • Hong, Hyun-Gi;Oh, Sang-Young
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.4
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    • pp.887-894
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    • 2009
  • Recently many companies has implied the measurement system to measure the organizational and personal performance. For that purpose the measurement system based on Balanced Scorecard(BSC) is broadly implemented. For the successful and effective measurement of performance measurement the design of measurement methodology and indicators should be carried out by experts in this field, and "the objectivity" should be kept in the whole process. But due to the financial difficulties many of the companies have relied on the standard (performance measurement) software, which is avaliable in the market. In this paper the performance measurement. Indicators has been presented for the small and medium sized manufacturing company. As the result of this research the presented performance measurement indicators for administration, operation and R&D part are statistically verified as it is effective.