• Asia-Pacific Journal of Business
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• v.15 no.3
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• pp.509-523
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• 2024

Purpose - The purpose of this study was to analyze the impact of the National Space Policy on Korean space-related companies. Design/methodology/approach - This study utilized space sector firm-level data based on the list of the Space Industry Survey (MSIT, 2023). The multiple regression analysis was used to estimate the model. Findings - First, the lagged policy variable of the Master Plan for Promotion of Space Development positively influences the company's sales. However, the establishment of an Action Plan for Utilization of Satellite Information had no significant result. Second, small-sized enterprises were more sensitive to government policy than medium- and large-sized enterprises. Third, lagged policy variables positively impact firms' sales revenue, especially in the satellite manufacturing and the satellite utilization services and equipment sector. Research implications or Originality - First, support for companies with policy effects should be further expanded. Second, a long-term and stable budget procurement plan should be established to secure a firm's sustainable competitiveness. Lastly, given the characteristics of the space industry, which involves long-term development periods and large investments, government investment should continue. Simultaneously, institutional improvement needs to emerge new services in the space sector.

• International Journal of Quality Innovation
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• v.8 no.3
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• pp.35-45
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• 2007

This paper describes the development of a scale for measuring top management commitment towards continual quality performance improvement in small and medium-sized enterprises (SMEs). A set of self-assessment questions of the ISO 9004: 2000 Standard was used to assess the adoption status of quality management practices. This paper investigates the inter-item reliability and the content validity of the Quality Management Principles Scale (QMPS) in an integrated improvement process in SMEs. An empirical study was conducted to acquire senior management views on the use of the QMPS in manufacturing sectors in Trinidad and Tobago. Based on 328 responses from 110 SMEs, statistical software packages were used to analyse the empirical data and determine the reliability and validity of the QMPS. The paper contributes to develop a self-assessment scale that can be used to measure top management commitment. It is anticipated that the findings would provide practical insights for evaluating the levels of maturity on performance improvement in SMEs.

• Journal of the Korea Safety Management & Science
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• v.10 no.1
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• pp.183-190
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• 2008

Measurement is a essential part in all kinds of industry, especially in manufacturing. But until now, measurement hasn't been located to the core of manufacturing in domestic. This study suggests improvement guide line for the multilateral problems of measuring instrument operation based on the investigation of small and medium-sized enterprises. To use measuring instrument correctly, man who treat it must be accustomed with the structure, the performance, the method. The measuring instrument must be corrected periodically. The correcting-schedule is established with environments with considering accuracy, stability, purpose, condition, and frequency.

• The Journal of Information Systems
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• v.31 no.1
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• pp.25-58
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• 2022

Purpose The purpose of this study is to analyzes the RPA fitting processes by the casese of manufacturing SMEs(Small and Medium-sized Enterprises) in an exploraty approach. Based on the findings on the RPA fitting processes, we intend to provide a cornerstone for developing a general-purpose RPA introduction model in the future. Design/methodology/approach In this study, empirical cases of RPA fitting processes were analyzed based on interviews with project managers of specialized IT suppliers in charge of RPA development and managers of IT departments of manufacturing SMEs that actually introduced RPA. In order to explore various RPA fitting process in the manufacturing value chain, a total of 7 manufacturing SMEs were interviewed, ranging from companies using a legacy system to companies without a legacy system. Over the primary and secondary activity processes, the details of RPA processes were analyzed in the steps of 'Frequency Identification, Input Processing, Source Identification, Inquiry and Processing, Information Registration, Result Reporting'. Findings From the analysis, we derived some exploratory results that the processes over 0.25 FTE and related with many suppliers and clients are fitting for RPA introduction in manufacturing SMEs Our results will provide basic data for the development of the future general-purpose RPA introduction model for manufacturing SMEs, providing practical reference for RPA introduction.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.42 no.4
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• pp.76-83
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• 2019

The South Korean government is actively assisting the supply of the smart factory solutions to SMEs (Small & Medium-sized Enterprises) according to its manufacturing innovation 3.0 policy for the smart manufacturing as the 4th industrial revolution era unfolds. This study analyzed the impacts of the smart factory solutions, which have been supplied by the government, on the companies performances. The effects of the level of smart factory and the operation capabilities for the smart factory solutions on company performances, and the mediating effects of manufacturing capabilities have been analyzed using SPSS and AMOS. The data for this survey-based study were collected from the SMEs which implemented the smart factory solutions since 2015. The results show that the level of smart factory solutions adopted and operation capabilities for the smart factories do not have direct effects on the company performances, but their mediating effects on the manufacturing capabilities matter and the manufacturing capabilities effect directly on the company performances. In addition significant factors boosting the operation capability for the smart factory and the levels of the smart factory solutions are identified. Finally, the policy direction for enhancing the smart factory effects is presented, and the future research directions along with the limitations are suggested.

• Journal of Korean Society for Quality Management
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• v.46 no.4
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• pp.843-862
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• 2018

Purpose: The purpose of this study was to develop quality innovation techniques specialized for the small and medium-sized businesses. which account for the majority of Korean companies, were having a hard time utilizing the widely recognized quality innovation techniques due to resource constraints. Methods: First, we do review the existing Single PPM and 6 Sigma. And investigate the utilization of these methods including Toyota Production System. Second, we devised a four-step problem-solving methodology based on recent trends in quality innovation such as Simple, Speedy, and Smart. Third, we do survey on frequently used tools for quality innovation. Many opinion leaders including quality consultants and professors answered and gave us valuable comments about our selected quality tools. Finally, we do specify and map tools to each step of PASS. Results: In 2017, 167 companies participated in the quality innovation support business for small businesses according to the Korea Chamber of Commerce & Industry. We conducted performance checks on 167 companies that had completed the "PASS" projects. For the purpose of evaluating improvement performance, the survey was carried out using a structured questionnaire during the field visit of these companies mentioned above. For the reference, 165 out of 167 companies (98.8 % response rate) responded to the questionnaire and conducted performance analysis based on it. According to the survey, 97.6 percent of the respondents were very satisfied with their overall satisfaction with the quality innovation support projects for small and medium sized enterprises in 2017. Also, 93.3 % of the respondents were satisfied with the results of level of the target achievement. As a result, 160 companies (97.0 % of the participating companies) hope to partic ipate in the quality improvement project using "PASS" once again. Conclusion: In this paper, we introduce the new quality innovation methodology, which is named as 'PASS', It could support the long-range business plan of the small and medium-sized businesses to achieve total customer satisfaction resulting in increased market share and improved profit margin. The most small companies can use this "PASS" technique more easily, quickly and most efficiently than their existing known quality innovation techniques such as Six Sigma and Single PPM, etc.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.14 no.6
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• pp.103-117
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• 2019

Under the uncertainties and the consequent turmoils of the IMF financial crisis in Korea, Hyunsung Techno was founded in 1997 on the basis of automobile press molding which is critical for the quality of automobile. Ever since, Hyunsung Techno has grown rapidly based on the domestic market; however, gradually, it had faced a stalemate in terms of the saturation, on the supply side and the growth limit, on the demand side, of the domestic molding market. Accordingly, Hyunsung pushed for a strategy to localize overseas markets and a new acquisition strategy instead of resting on the domestic mold industry's growth, and the success of these strategies enabled it to leap forward into a global company with five companies including affiliates and 70 billion won in sales. The main reason why Hyunsung Techno evolved from a small and medium-sized manufacturing company into a global businesses is due to the success of Boa Constrictor M&A strategy. Its acquisition strategy is not just a successful case of any acquisition, but a rare, maybe the first domestic case of a successful acquisition of a primary supplier by a secondary supplier. Through the success of this strategy, Hyunsung Techno has achieved a continuous growth of businesses, an increase in sales volume, and expansion into new businesses. And on top of that, this achievements is leading it to be a global conglomerate In this study, Hyunsung Techno's success strategy, which is transformed from a small domestic manufacturing company into a global enterprise, was analyzed in detail with its development stages divided into start-up, overseas expansion, acquisitions, and business diversification. Eventually, this case study is meant to offer strategic implications for other small and medium-sized businesses under the current, gloomy economy of low or zero growth of today.

• Journal of Information Technology Services
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• v.14 no.3
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• pp.147-161
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• 2015

The rapid changes in consumption patterns and the manufacturing industry environment are both a threat and an opportunity for small and medium-sized enterprises in Korea because it lacks innovative capacity compared to large conglomerates. In this new manufacturing environment, social manufacturing is an innovative business model that can create new business opportunities for these companies. However, there are not that many proven models of platforms where products are created jointly with consumers. Some conceptual analysis of the success factors and operation strategy of co-creation platforms have started to be released but there are almost no empirical studies conducted on this matter today. In this study, the social manufacturing platform business concept and its components were studied; various factors that affect the willingness to participate in consumer-led co-creation platforms were considered; the factors were surveyed on potential consumers; a study was carried out to analyze the relationship of these factors; a model of these factors were set up and proven.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.40 no.4
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• pp.55-66
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• 2017

Korean small and medium sized software companies have tried to export their solutions or services to overseas markets. In 2016, exports of the software industry increased by 6.0% from the previous year, and the value added of the industry was 2.2 times higher than that of the manufacturing industry. From a long-term perspective, it is important to secure a global competitive advantage in order to sustain the export high value-added of the software industry. The obstacles to entry into the overseas market of small to medium enterprises are as follows: first, difficulty in product development and localization of marketing; second, lack of investment for overseas expansion; and finally, competitiveness of software technology. In particular, To overcome such obstacles, Korean small and medium sized software companies should increase the technical perfection and secure software export competitiveness. The paper presents a payment settlement framework enabling adaptive reuse and semiautomatic development of global payment settlement services. The quantitative and qualitative evaluation results are presented with domestic and overseas case studies as follows: Firstly, semi-automatic development is realized successfully by applying the framework. Secondly, it is possible to maintain consistent quality of software and to deliver maintenance services without relying on the internal human resources. Thirdly, it is possible to reduce the project duration of the same development cope to less than 50% by applying the framework. Finally, because it is based on BPMN 2.0, which is a high level design diagram, it is expected that it will be easy to implement through components connection and reduce difficulties in technology transfer and localization. Also, at the time of runtime operation, it will be effective to understand the design idea easily and to carry out additional developments without human resource who participated in the initial project.

• Korean Management Science Review
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• v.23 no.2
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• pp.1-16
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• 2006

With the diffusion of the Internet, firms try to electronically collaborate with their partners in order to cut costs and gain profits. This, electronic Partnership, called 'Collaborative IT' is quite popular between large purchase enterprises and small-to-medium sized sub-contractors. This study investigates such relations. This study proposes three groups of research variables-interorganizational relationship, collaborative IT activity, and firm performance. the interorganizational relationship consists of trust, commitment, and asymmetry of commitment. Collaborative IT activity is composed of information sharing and workflow integration. The ultimate dependent variable is firm performance. It is hypothesized that the relationship factors influence the level of collaborative IT activity, while the latter in turn affects the firm performance. The relationship factors nay also directly affect the dependent variable. In addition, collaborative IT motive, as a moderating variable, may influence the causal relationship. By means of survey, ore hundred and eighty-two responses were obtained. Most sample companies are small-sized, in the manufacturing sector. The analysis of data reveals that both trust and commitment positively affects the level of collaborative IT activity, while asymmetry of commitment has negative effects. The workflow integration is significantly related with firm performance. Information sharing, however, has no signific3nt effects. Furthermore, asymmetry of commitment shows reverse relationship with firm performance. Collaborative IT motive works as a moderating variable between information sharing and firm performance. Finally, workflow integration is believed to mediate between relationship factors and firm performance.