• Title/Summary/Keyword: Small and Medium-sized Business

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A Study on BSC development and Strategy execution plan for Private education service field (사교육서비스 분야에서의 BSC 모델 개발 및 전략실행방안에 관한 연구)

  • Jeong, Min-Eui;Yu, Song-Jin
    • Journal of Korean Society for Quality Management
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    • v.42 no.3
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    • pp.425-444
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    • 2014
  • Purpose: This study aims to overcome the problem of private education market environment which is polarized into commercialized large private education institutions and small and medium sized private education institutions in a poor business environment, and develop systematic performance measurement model applicable for small and medium sized private education institutions. Methods: To develop the BSC which measures financial and non-financial indicator in a balanced manner and introduce the BSC into private education institutions that contain conflicting goals "EDUCATION" and "PROFIT". In particular, Utilizing the methodology of AHP, the priority of strategies and execution assignments are derived. Results: BSC model was developed and introduced by cooperating with executives of the private education institution. Moreover, the study permits to achieve the strategy, enterprise-wide vision and mission by deriving strategy map and applying it to the private education institution. To measure the performance of BSC model instruction, KPI corresponding to the strategic objectives of each perspective was derived. Conclusion: BSC model generally introduces to large-sized companies and public institutions. In this study, BSC model is developed by focusing on small and medium sized private institution. Furthermore, this study is more than simple model development, it makes a connection with achievement of strategic objectives, enterprise-wide vision and mission through strategy map and strategy execution method. Through the developed BSC model and strategy execution method, utilization plan in practice and customized model for private education institutions coexisting profit and non-profit objectives were developed, and academic implications were presented.

A Study among Uncertainty of Technological Environment, Relationship Characteristics in Technology Cooperation Network, and Relationship Tie - Focused on Small and Medium Sized Firms Located in Daegu-Gyeongbuk Regions - (기술환경의 불확실성, 기술협력 네트워크의 관계특성 및 관계결속에 관한 연구 - 대구경북지역의 중소기업을 중심으로 -)

  • Kang, Seok-Min
    • Management & Information Systems Review
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    • v.37 no.4
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    • pp.125-140
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    • 2018
  • Technology cooperation is a necessary factor for small and medium sized firms to be survived and developed because small and medium sized firms can make economy scale and economy scope by new advanced technologies obtained from technology cooperation. Therefore, the technology cooperation of small and medium sized firms can be thought as their specific resource. Due to the importance of technology cooperation, many previous studies paid an attention on its positive effect. Unlike the related studies, this study examined the link among uncertainty of technology environment, relationship characteristics(such as degree of technology cooperation and influential strategy), and relationship tie. The empirical results are reported as follows: Firstly, uncertainty of technology environment positively affected on degree of technology cooperation. Secondly, degree of technology cooperation positively affected on uncoercive influential strategies of both own firm and partner firm. Thirdly, degree of technology cooperation and uncoercive influential strategy of own firm have positive effects on relationship tie while uncoercive influential strategy of partner firm does not. The positive effect of uncoercive influential strategy of own firm means the importance of strategic countermeasures to promote relationship tie in technology cooperation of both own firm and partner firm.

A Case Study of Manufacturing Execution System Implementation in a Medium-sized Enterprises (중소기업의 생산정보화시스템(MES) 구축 방안에 관한 연구)

  • Kim, Joo-Wan;Lee, Wook-Gee;Kim, Pan-Soo
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.31 no.1
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    • pp.59-65
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    • 2008
  • Manufacturing Execution System (MES) is a system that companies can use to measure and control critical production activities. This paper shows case study of implementation of MES (Manufacturing Execution System) and its methodology in a medium sized production company. This study focused on two important things in MES implementation. First, it provides critical success factors (CSFs) and construction method for success of MES implementation. Second, it presents guidelines for MES implementation in small and medium-size company. Some of the benefits with regards to MES implementation and its results are introduced in the end of this paper.

Factors Affecting the Outsourcing of Accounting Activities in Small and Medium Transport Enterprises in Vietnam

  • DANG, Thuy Anh;HO, My Hanh;HO, Thi Dieu Anh;NGUYEN, Thi Thanh Hoa
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.10
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    • pp.265-275
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    • 2022
  • In the current fast-growing market economy, the accounting-outsourcing trend of small and medium-sized enterprises is on the increase. Studies from both foreign and domestic sources have shown that many factors influence this decision. However, each country has different economic and political characteristics, so these factors and their degree of impact on accounting outsourcing also vary. This study aimed to determine the factors affecting the decision to outsource accounting activities of small and medium transport enterprises in Vietnam. A survey of 384 transport SMEs was conducted using the convenience sampling method. A personal interview with owners/managers/CFOs in 3 major cities of Vietnam based on a research review was conducted. The model examines the influence of many independent variables on accounting outsourcing. The multilinear regression analysis shows that the higher the Assets Specificity, the lower the degree of accounting outsourcing. In addition, the degree of outsourcing is positively and significantly related to frequency and trust in accountants. Besides, when we include control variables such as gender, administrative level, firm size, company age, education, and experience into the model. The results show that small and medium enterprises with limited resources should switch from the traditional internal accounting method to a professional accountant with external knowledge. Based on this study, the author proposes several implications for the accounting outsourcing of small and medium-sized transport enterprises in Vietnam to be more effective. Finally, this study also contributes to the basic knowledge of accounting outsourcing.

Technological Capability Building and Changes in R&D Networks in the Korean Automotive Industry (한국 자동차부품산업의 기술능력 형성과 연구개발 네트워크의 변화)

  • 심상완;이공래
    • Journal of Technology Innovation
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    • v.8 no.1
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    • pp.49-71
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    • 2000
  • This paper looks at "network" aspects of research and development (R'||'&'||'D) with a special focus on small and medium (S'||'&'||'M) automotive part makers in Korea. It throws light on recent changes in the technological capability building mechanism of Korean automotive firms. The Korean automotive firms have mostly built up technological capability from scratch. It is widely acknowledged that they have benefited from two cooperative relations: namely (1) the close cooperative relationship with their own assemblers and (2) technical assistance from auto parts makers abroad. Too much emphasis on these two links can, however, keep us from understanding new developments. This paper argues that auto parts firms have diversified their networks for technological development. It is based on the analysis of the data drawn from the survey on technological development activities of small and medium sized firms, which was carried out by the Korea Federation of Small and Medium Business. Many automotive firms have recently increased joint R'||'&'||'D links with university and/or research institution while their reliance on foreign sources have decreased.

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A Study on the Influence of Job Characteristics and Organizational Justice on the Job Satisfaction - Focusing on the Small- and Medium- Sized Firms in Namdong und Banwool Area - (중소제조업 종업원의 직무특성과 조직 공정성이 직무만족에 미치는 영향 - 남동 및 반월 공단을 중심으로 -)

  • Chang, Sug-In
    • Korean Business Review
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    • v.19 no.2
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    • pp.23-46
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    • 2006
  • In modern economic societies, individuals are governed by organizations and they managed their daily lives in one way or another. through such organizations. All activities of the organizations are carried out by the job performance of individuals. Job is a very important factor for both individuals and organizations. The study is the explore. the effect of job characteristics and organizational characteristics on the job satisfaction in the small- and medium- sized firms in Namdong und Banwool Area. Job characteristics and organizational justice were hypothesized to be positively related to job satisfaction. To examine the influence of job characteristics and organizational justice on job satisfactions, data were collected from 320 employees of the small- and medium- sized manufacturing companies in Namdong und Banwool Area. This research took independent variables as the core job characteristics of the job characteristic theory such as skill variety, job stagnation, job importance, autonomy, feed back, and organizational justice as distributive and procedural justice. As a result, I can make the following suggestions. First, The Results show that job characteristics and organizational justice were significant and important predictors of job satisfaction. Secondarily, to raise the job desire of organizational members, job must be designed in such a way that the members can highly recognize their job characteristics.

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Study on Management Strategies of Small and Medium Distribution and Logistics Centers (중소유통물류센터의 경영전략에 대한 연구)

  • Rim, Yong Jae;Lee, Minjung
    • Proceedings of the Korean Society of Computer Information Conference
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    • 2021.01a
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    • pp.331-332
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    • 2021
  • 1990년 중반 이후 외국계 기업과 국내 대기업의 적극적인 유통산업진출은 중소 소매업을 어렵게 하고 있다. 또한 대기업 편의점의 급속한 확장 역시 골목상권 환경을 열악하게 하여, 중소 소매업 점포수의 폐점을 가속화하고 있다. 2003년 중소 소매업의 경쟁력 강화 및 자생력을 확보하고자 정부는 중소유통공동도매물류센터(이하, 중소유통물류센터)를 건립하였다. 하지만 급변하는 유통환경과 온라인 쇼핑의 급속한 발전 속에서 중소유통물류센터는 갈수록 점점 어려워지는 현상에서 중소유통물류센터의 역량강화를 위한 현상분석 및 문제점 도출을 통하여 경쟁력 강화 및 효율적 운영방안을 위한 전략을 제시하고자 한다.

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A Study on the Mutual Effect between Small & Medium-sized Enterprises and Economic Growth: Evidence from Alibaba Group and City of Hangzhou

  • He, Yugang
    • Asian Journal of Business Environment
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    • v.9 no.2
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    • pp.27-34
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    • 2019
  • Purpose - From the advanced path of development and current situation, the development of enterprises plays a tremendous role in promoting national economic growth and raising the overall national strength. Therefore, this paper aims at examining the mutual effect between small & medium enterprises and economic growth. Research design, data, and methodology - In order to address the operating mutual effect between the small & medium enterprises and economic growth more clearly, this paper sets Alibaba Group and Hangzhou as an example. Meanwhile, the annual data from 2000 to 2017 will be employed, and an empirical analysis will be performed under the vector error correction model. Results - The findings display that the total revenue of Alibaba Group has a positive effect on economic growth in city of Hangzhou. However, the Granger Causality test implies that there is only a unidirectional causality between total revenue of Alibaba Group and economic growth in Hangzhou. More specifically, 1% increase in total revenue of Alibaba Group can result in 0.272% in economic growth of Hangzhou in the long run. Conclusions - In summary, for the long run, the local governments should promulgate a series of policies to assist the small & medium enterprises like Alibaba Group to improve the local economic growth as seen in the city of Hangzhou.

An Empirical Study on R&D Effectiveness of IT SMEs (IT중소기업의 R&D시스템 효과성에 관한 실증연구 : 대구경북지역을 중심으로)

  • Shin, Jin-Kyo;Hwang, Su-Jung
    • Management & Information Systems Review
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    • v.28 no.4
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    • pp.109-129
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    • 2009
  • This study aims at investigating the effectiveness of SME's R&D system empirically. Specifically, this study analyze the relationships among R&D inputs(R&D investment, R&D human resource management), process(R&D planning, external network, internal cooperation), and output(technological innovation). A questionnaire was developed to measure the above variables. To test these relations, data were collected from the small and medium-sized IT firms located in Daegu-Kyungbuk region. The survey data of 154 firms were integrated as the empirical base for testing the relations. Most respondents were from the managers. Structural equation modeling analyses were used to examine the relations. Major results are as follows: Firstly, R&D HRM was positively and significantly influenced on the R&D planning. Secondly, R&D planning was positively and significantly affected on the external network, internal cooperation, and technological innovation. Thirdly, the both relations between R&D investment and R&D planning, and external network and technological innovation were not significant statistically. These results suggest the following implications. First, R&D human resource management is very important for IT SMEs. Secondly, internal cooperation mediates R&D inputs and technological innovation by approaching the other department's unique resources and by sharing the cost of new resource development. Several future researches need to overcome the limitations of this research. First, this study's sample was based on the small and medium-sized IT firms just located in Daegu-Kyungbuk region. This limitation may imply that empirical results can not represent overall small and medium-sized firm's situations. Therefore, future research needs to include different samples. Secondly, this study depends on the latitudinal study.

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Effect SCM Capacity Factor of Small and Medium-Sized Supplier on Operational Performance: Focused on Moderating Effect of Demand Uncertainty (중소 공급업체의 SCM역량요인이 운영성과에 미치는 영향: 수요불확실성의 조절효과를 중심으로)

  • Kim, Jung-dae
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.12 no.5
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    • pp.117-126
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    • 2017
  • This study analyzed both the effect small and medium-sized suppliers' SCM capacity on the performance and how the moderating effect of demand uncertainty as an environmental factor affects this relation. The study is based on the data collected from the survey of small and medium-sized suppliers operating in electronics, metal, machinery, automobile, and textile. It analyzed the results of survey targeting suppliers of these areas by using structure equation modeling. According to the analyzed result, the relation capital of small and medium-sized supplier affects the performance, but there is no relation between coordination capability and the performance. In case of the moderating effect of demand uncertainty, while there is a positive moderating effect of demand uncertainty between relation capital and performance, there is no any moderating effect between coordination capability and performance. It turns out that the relation capital keep having a positive effect on the performance even if there is a demand uncertainty.

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