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

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A Model Design for Enhancing the Efficiency of Smart Factory for Small and Medium-Sized Businesses Based on Artificial Intelligence (인공지능 기반의 중소기업 스마트팩토리 효율성 강화 모델 설계)

  • Jeong, Yoon-Su
    • Journal of Convergence for Information Technology
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    • v.9 no.3
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    • pp.16-21
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    • 2019
  • Small and medium-sized Korean companies are currently changing their industrial structure faster than in the past due to various environmental factors (such as securing competitiveness and developing excellent products). In particular, the importance of collecting and utilizing data produced in smart factory environments is increasing as diverse devices related to artificial intelligence are put into manufacturing sites. This paper proposes an artificial intelligence-based smart factory model to improve the process of products produced at the manufacturing site with the recent smart factory. The proposed model aims to ensure the increasingly competitive manufacturing environment and minimize production costs. The proposed model is managed by considering not only information on products produced at the site of smart factory based on artificial intelligence, but also labour force consumed in the production of products, working hours and operating plant machinery. In addition, data produced in the proposed model can be linked with similar companies and share information, enabling strategic cooperation between enterprises in manufacturing site operations.

The Shifting of Business Activities during the COVID-19 Pandemic: Does Social Media Marketing Matter?

  • PATMA, Tundung Subali;WARDANA, Ludi Wishnu;WIBOWO, Agus;NARMADITYA, Bagus Shandy
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.283-292
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    • 2020
  • The implementation of physical or social distancing during the Covid-19 pandemic has an implication on the shifting of conventional to online business activities. This study aims to explore how financial support, perceived benefits, external pressure determine social media marketing as well as understanding the role of internet and e-business technology (IEBT) that occurs in this relationship. This study adopted a quantitative study with Structural Equation Modeling (SEM)-based variance Partial Least Square (PLS), which aims to enhance understanding of the relationship between variables. The surveyed population of this study came from 123 small- and medium-sized enterprise (SME) owners in East Java of Indonesia, using an online survey and selected with the convenience random sampling method. The findings of this study indicated that the perceived benefits and external pressure have a positive effect on the adoption of IEBT. However, financial support failed in explaining SMEs' adoption of IEBT. This study confirmed that the adoption of IEBT has successfully mediated the influence of financial support, perceived benefits, and external pressure on social media marketing. Despite the samples solely collected from East Java, this study is the first step in research related to the social media marketing in SMEs in Indonesia.

A Study on the Effects of Recommendation Intention of Small and Medium-sized Enterprise Consulting: Focused on the Comparison between Korean and Chinese Small Business Startups (중소기업 컨설팅 추천의도에 미치는 영향에 관한 연구: 한·중 창업 초기 소상공인 간 비교를 중심으로)

  • Cho, Mi-Young;You, Yen-Yoo
    • Journal of Digital Contents Society
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    • v.18 no.7
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    • pp.1347-1356
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    • 2017
  • In order to strengthen the competitiveness of small business startups with insufficient internal and external resources, the government has implemented SMEs consulting support projects. However, as an intangible knowledge service, consulting services also have their own shortcomings such as the risk of time, effort and quality uncertainty. And all kinds of risks will be borne by the companies which receive consulting services. Therefore, many companies which receive consulting services in Korea are questioning the reliability of the consulting results and have a negative attitude on this industry. In addition, they consider the cost-effectiveness of consulting is relatively low. Finally, this study performed an empirical study on recommendation intention of small business startups which received consulting and also focused on the comparison between Korean and Chinese startups.

The Effect of the Vocational Training Satisfaction of Youth on their Career Adaptability to the Small Business (청소년의 직업훈련만족도가 중소기업 진로적응에 미치는 영향)

  • Kim, San-Yong
    • Journal of Convergence for Information Technology
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    • v.7 no.2
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    • pp.131-136
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    • 2017
  • The purpose of this study is to verify the effect of the vocational training satisfaction of youth on their career adaptability to small and medium-sized enterprises (SMEs). The questionnaires were distributed and answered by 1128 students enrolled in six vocational schools located in Seoul. Convenience sampling was used for this study. The results of this study are as follows: The satisfaction of vocational training positively influenced career adaptability; more specifically, the satisfaction of vocational training had a positive effect on the Initiative and Goal-Orientation of career adaptability. These results provide theoretical and practical implications that various vocational education programs and job experience programs are needed for the SMEs in the future.

The impact of CSR activities in Domestic SMEs on their financial performances: analysis of the difference between B2B and B2C (국내 중소기업CSR 활동이 재무적성과에 미치는 영향: B2B, B2C 중소기업의 차이분석을 중심)

  • Na, Do-Sung;Leem, Wook-Bin;Kang, Yong-Soo
    • Journal of Digital Convergence
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    • v.9 no.6
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    • pp.325-341
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    • 2011
  • Environmental regulations in the world has been strengthened. International Organization for Standardization (ISO) that international standard for social responsibility in the ISO26000 was published on November 01, 2010. CSR is rapidly changing in global environment. In the meantime, domestic companies such as donations to the required activities ought to be stayed. Strengthening the competitiveness of enterprises in the management tools that should be taken as the movement is taking place. The domestic small and medium-sized corporate social responsibility (SMEs CSR) activities have also taken many changes. In particular, multinational corporations and large companies within the supply chain, B2B companies in partnership appears to have a significant impact on business. In this study, in changing environment for domestic SMEs CEO survey results are based. CSR activities of SMEs and its impact on the financial competence, B2B businesses and B2C business activities of corporate social responsibility has been to analyzed the differences factor. This allows the small and medium-sized companies effectively promote socially responsible business activities, to spread the government, corporate, NGO, and local stakeholder's CSR was to provide a new perspective.

A Study on the Analysis of IT Usage and Improvement Strategy for IT Utilization in Service Industry (서비스산업 IT활용 실태분석 및 활용율 제고방안에 관한 연구)

  • Kim, Jin Soo;Ka, Hoi Kwang
    • Informatization Policy
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    • v.18 no.4
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    • pp.22-41
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    • 2011
  • Current socioeconomic condition in South Korea is characterized by growing country with highly unemployment rate. Enhancing service industry, therefore, is one of the important government policy issues. In addition to quantitative growth of service industries, OECD comparisons between countries as shown in the competitiveness of the domestic service industry, followed by a very low-level, enhancing the competitiveness of service industries are also important issues of national policy. In particular, finance, education, insurance industry, such as relatively large enterprises have entered the service industry to remain competitive and comparable, but the case of small service industries, has shown a very low level of competitiveness. Thus, the world's leading technology and IT infrastructure can be applied to small and medium-sized service industry in order to improve productivity, customer satisfaction, and service infrastructure, resulting in improving competitiveness. The purpose of this study is to develop government supporting policy issues by analyzing the current usage of IT, problems and requirement analysis, and critical success factors for applying IT to small and medium-sized service industries. For a survey 2,000 samples are collected from service companies. The results show that IT usage is very important to improve competitiveness in small and medium sized service industry. In addition, customized it solutions are needed to satisfy different characteristics of service industry depends on types of business. Finally, government supporting programs of IT has to be improved. The results would be able to provide directions and guide lines of IT utilization in service industries.

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Operational Problem Analysis and Improvement Plan in the Smart Factory Promotion Process

  • Lee, Seong-Hoon;Lee, Dong-Woo
    • International journal of advanced smart convergence
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    • v.11 no.4
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    • pp.273-278
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    • 2022
  • Uncertainty is increasing around the world due to COVID-19 and Ukraine crisis. In this situation, each company is making countless efforts to survive. In Korea, smart factory projects targeting small and medium-sized businesses with difficulties have been continuously promoted. As for the smart factory business that has been promoted so far, the base expansion of the smart factory is also steadily increasing as the number of companies carrying out the project is increasing. It was also found that it contributed to productivity improvement and quality improvement. Despite these positive aspects, difficulties and operational problems are also appearing in the process of promoting smart factories. In this study, we investigated and analyzed operational problems and difficulties in the process of promoting smart factories. In addition, improvement plans for problems were presented according to the contents of this analysis, and improvement plans were presented by classifying them into introduction and supply companies, considering that the smart factory business is formed in the form of a consortium between introduction and supply companies.

How to cope with the Spaghetti Trap of multiple FTAs effectively (다양한 형태의 FTA 체결에 따른 Spaghetti Trap에 대한 효율적 대응방안)

  • Choi, Chang-Hwan
    • International Commerce and Information Review
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    • v.12 no.4
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    • pp.509-535
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    • 2010
  • This paper examines the Spaghetti bowl effect that different tariffs and rules of origin in multiple FTAs have resulted in increasing the significantly additional burden for business when it comes to apply for the use of FTA preference. The wide spread of FTAs in the several years, from 2003 to 2010, has been the most important trade policy development in economically important Korea. Korea presently has 5 FTAs in effect, and made 3 additional agreements which will be expected to take effect in next year. With the study result and expecting a growing number of FTAs in Korea in a next decade, the international trading firms will face rise of transaction costs for enterprises, particularly small- and medium-sized enterprises(SMEs) to cope with multiple tariffs and rule of origins in FTAs. To help mitigate negative effects and facilitate a more SEMs to use the FTA preference, providing new computer programs system, increasing the awareness of FTA provisions, improving business participation in FTA consultations, and SME support in light of education, and financial support are needed.

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A study on the Quality Management System of Medium and Small-sized Enterprises under Product Liability Law (제조물책임법 시행에 따른 중소기업 품질경영시스템에 관한 연구)

  • 배성아;김복만
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2001.10a
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    • pp.362-365
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    • 2001
  • Human, physical damage is happened frequently to consumer's safety accident by product defect on modern industrial society. Accordingly, advanced nation including the United States of America enforce product liability law and is protecting consumer more actively from danger of product defect. Our country(Korea) may enforce product liability law since July, 2002, and if business does not grope effective confrontation way about PL, capital strength weak smaller enterprise and venture business corporation's competitive power may affect much corporation's competitive power enfeeblement and survival. This research supplement based on induction and operating QMS in smaller enterprise essential factor that corporations must equip according to product liability law enforcement. And we present integration quality management system model of Product liability to do so that smaller enterprises may can cope effectively at force of Product liability law.

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The Relationship between Organizational Capability, Organizational Learning and Financial Performance

  • HINDASAH, Lela;NURYAKIN, Nuryakin
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.8
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    • pp.625-633
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    • 2020
  • This study aims to empirically investigate the influence of organizational capability and organizational learning on the financial performance of family-business type small- and medium-sized enterprises (SMEs). In addition, this study examines the moderating role of SMEs' ages and the managers' experiences in the relationship between organizational capability and organizational learning on the SMEs financial performance. This study is a basic exploratory research conducted by using an empirical survey, i.e., sampling of the businessman (the owner) of family-business type SMEs cross-functional in the area of DIY. The study uses purposive sampling. The respondents are the SME businessmen from the various business sectors in Yogyakarta, Indonesia. The number of respondents is 150. Hypothesis testing used SPSS program's moderation regression approach; validity and reliability testing used confirmatory factor analysis and Cronbach's alpha. The result of this study shows that organizational capability positively and significantly affects the financial performance. Also, organizational learning significantly affects the financial performance. The organization's age factor does not moderate the relationship between organizational capability and the financial performance, but it is significant on the organizational learning. The factor of manager's experience moderates insignificantly on the relationship between organizational capability and financial performance. However, it is significant to the organizational learning.