• Title/Summary/Keyword: Small industry

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Development and Policy of Proper Management Estimation of Domestic Service Industry in Comparison with OECD Countries for Advancement of Korean Service Industry

  • Suh, Geun-Ha;Yoon, Sung-Wook
    • Journal of Distribution Science
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    • v.12 no.11
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    • pp.25-34
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    • 2014
  • Purpose - Considering that the governments' official statistics on the optimum scale of the domestic service industry will be crucial in future, this study's results will be used as an important benchmark to develop and verify the parameters in the government's official statistics. Research design, data, and methodology - To identify the appropriate scale of Korea's service industry and its adequacy, I have determined them through estimation using a regression method involving panel data analysis on the panel data of 30 OECD countries. Results - The regression coefficient provided indications of being non-linear. This means that a U-shaped curve relationship exists-that is, the level of the economic growth leverage decreases along with the service industry's growth up to the level of 70.9% in terms of the Korean service industry's adequacy; it increases along with the service industry's growth at a level higher than 70.9%. Conclusions - While the current proportion of the size of the service industry among all industries in Korea stands at 50.7%, its proper proportion estimated by a regression analysis was 70.9%.

A Development on Assessment Criteria for Safety Management of Small Steel Works (소규모 철강사업장의 안전관리 활동 평가항목 개발)

  • Park, Il-Seop;Gal, Won-Mo;Son, Ki-Sang
    • Journal of the Korea Safety Management & Science
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    • v.14 no.3
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    • pp.59-66
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    • 2012
  • Steel industry in Korea is a key national industry that has led economic growth for a long time. And accidents occurred from a variety of causes has endlessly made as much as remarkable achievements of steel industry. It is a fact that research achievements of disaster prevention in steel industry has not been significantly, compared to production technique achievements. And the level of interest on safety management in the steel industry is conspicuously low. Although support activity for a various safety management are provided reasonably to prevent disasters occurring with subcontractors. A method capable of quantitative evaluation, applied to subcontractors in most business places are relatively rare except parent firms-leading places. This study is to make and show safety management activities to purcue in advance in conjunction with a parent firm through development of a more systematic and quantitative evaluation model for disaster prevention with steel industry subcontractors, and to contribute to disaster prevention in domestic steel industry through advanced safety management method, by applying a proposed evaluation model of safety management activities as subcontractors in steel industry.

Degree of Internationalization and Performance of High-tech Small and Medium-sized Enterprises: Evidence from Korea

  • Shin, Joon-Ho;Kim, Chang-Bong
    • Journal of Korea Trade
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    • v.25 no.7
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    • pp.1-18
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    • 2021
  • Purpose - In this study, we explore the relationship between the degree of internationalization (DOI) and firm performance (DOI-P) of small and medium-sized enterprises (SMEs) in the manufacturing sector. Specifically, we investigate whether the costs and benefits dynamics concerning the internationalization of SMEs differ between high-tech and non-high-tech industries. Design/methodology - We extend the prior literature on this relationship by employing 5-year data on 589 Korean SMEs in the manufacturing sector and examining the moderating impact of the industry characteristics. Our findings reveal a U-shaped relationship between the DOI and SME performance. High-tech SMEs demonstrate an inverted U-shaped relationship, whereas non-hightech SMEs exhibit a U-shaped relationship. Findings - Our findings illustrate the importance of the industry factor in testing the performance impact of the internationalization of Korean SMEs. By incorporating industry dynamics, our results indicate that the DOI-P relationship depends on the context of the industry in which an SME operates. High-tech SMEs also display a higher DOI but are outperformed by non-high-tech SMEs for the entire internationalization path, which implies that high-tech SMEs face more challenges than non-high-tech SMEs while seeking internationalization. Originality/value - The findings strongly validate that significant benefits exist for SMEs undertaking internationalization. We also employ the contextual framework contributing to increasing the understanding of the intrinsic value of internationalization and resolving the mixed results issue on the DOI-P relationship, by illustrating that the industry factor leads to different dynamics of costs and benefits of SME internationalization; it also determines the shape and direction of the relationship.

Cultural Tunneling Effect: Conceptual adoption & Application in movie industry

  • Roh, Seungkook
    • Asia Marketing Journal
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    • v.16 no.3
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    • pp.77-100
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    • 2014
  • Many researchers have analyzed the relationship between the financial success patterns of a motion picture and many other factors, such as the production cost, marketing, stars, awards, reviews, genre, and rating. Through these studies, many researchers and investors concluded that big budgets to make a blockbuster movie can serve as an insurance policy to meet their ROI; thus the box office is dominated by blockbuster movies. High-budget blockbuster movies are more likely to receive attention because these movies are more recognizable given their high expenses for production and casting. Therefore, audiences choose blockbusters in an effort to reduce the searching cost and to mitigate the possibility of a regrettable choice. This behavior of consumers, in turn, causes distributors to allocate screens for blockbusters, resulting in "concentration of blockbuster consumption." As such, low-budget films cannot easily become popular due to the lack of distribution. Indeed, low-budget films released on a small number of screens often end up becoming dismal failures. However, there are exceptional examples which are contrary to the general idea in the movie industry that a big budget and showings on a large number of screens can guarantee the success of a movie. Although researchers have attempted to analyze the performances of movies with small budgets, such movies are likely to be regarded as outliers and then be entirely discarded, as they are far from the 'three-sigma' range, especially given that previous research methodologies could not explain the financial success of such unique examples. This study attempts to explain the financial success at the box office of low-budget movies by applying the concept of the tunnel effect in quantum mechanics, as the phenomenon found in the movie industry is similar to a particle's movement in quantum physics. The tunneling effect is a phenomenon by which a particle without enough energy to pass over a potential barrier tunnels through it. Adopting the analogy, this study draws a tunneling probability function and cultural constant to forecast other outliers using the Schrödinger equation. Moreover, the study finds that word-of-mouth creates in the movie industry this phenomenon of finding outliers.

Development of Quality Management in Small and Medium Construction Company (중 · 소규모 건설회사의 품질관리 방법 개선)

  • Lee, Geu-Sun;Yun, Yer-Wan;Yang, Keek-young
    • Journal of the Korea Institute of Building Construction
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    • v.5 no.3 s.17
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    • pp.117-124
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    • 2005
  • Quality management in construction industry becomes more significant under the existing conditions such as, increasing higher demand caused by the high value of real estate and extension of the warranty period. Therefore, this study presents the alternative idea related to the current quality management conditions of small and medium construction companies, including the difficulties and problems in qualify management, in order to develop the systematical method for the quality management in small and medium construction company.

Allowable Stress Calculation of Domestic Japanese Larch Small Diameter Lumbers (국내산 낙엽송 소경각재의 허용응력 산출)

  • Kim, Yun-Hui;Shin, Il-Joong;Yang, Jung-Mo;Jang, Sang-Sik
    • Journal of the Korea Furniture Society
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    • v.23 no.2
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    • pp.214-221
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    • 2012
  • Sustainable energy consumption and increasing $CO_2$ emissions stimulate Eco-friendly industry. Wood has positive various properties as alternative energy such as solar, wind and water. Wood provide lumber, pallet, paper, pulp and fuel through production process. Even Korea republic has 63.7% of forest rates, weather condition makes low forestry production capacity. For utilization of domestic small diameter log needs study mechanical properties. In this study, various properties tested on domestic Japanese Larch small diameter lumbers and make mechanical properties table for allowable stress calculation. Result of compressive test, allowable compressive stress is 13 MPa. Allowable bending stress is 12 MPa.

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A Study on the Development of a Compact Gun Drill Machine (소형 Gun Drill Machine 개발에 관한 연구)

  • Oh, Jin-Soo;Kang, Dong-Myeong;Park, Kwang-Hoon;Namkoong, Chai-Kwan;Woo, Chang-Ki
    • Transactions of the Korean Society of Machine Tool Engineers
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    • v.16 no.4
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    • pp.58-63
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    • 2007
  • A compact gun drill machine was developed to improve productivity and economical efficiency for small and medium enterprise tool makers. Gun drilling works are mainly using at molding, automobile, aircraft industry and special tool makers to make deep holes. As gun drill machines are very expensive and big burden for small tool makers, so that works used to execute through outside orders but it was required lot of cost too. Most of gun drill machines are providing for high volume and large capacity enterprises. In order to use for small and medium enterprises that compact gun drill machine was designed and developed. It could be improved product quality, productivity and manufacturing cost for small and medium enterprises by using this machine.