• 제목/요약/키워드: Small-Medium Sized Enterprises(SMEs)

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The Passion Pay: Exploring Practices of Talent Exploitation

  • JANG, Yongseok;LEE, Woo Jin
    • The Journal of Asian Finance, Economics and Business
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    • 제7권10호
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    • pp.1015-1024
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    • 2020
  • This inductive study seeks to establish a conceptual background for theoretical development regarding talent misuse in the context of small and medium-sized enterprises (SME). The two objectives for the goal were (1) to explore and build a list of unethical treatment practiced on young talents; (2) to establish new framework for the special context or refining the existing framework on employee mistreatment. For the first goal, an attempt was made to develop a list of mistreating behavior by collecting and analyzing cases of ethical disputes. Analyses on 64 cases of talent mistreatment, namely 'passion pay', was conducted to present a conceptual ground for further investigation. Then, for the second objective, this study has proposed an integrative approach for assessing these ethical elements. The ethical implications were discussed based on an assessment conducted using three theories of ethics. Finally, a cluster analysis further shows the emergence of three groups based on the mistreating behaviors. We observed seven different mistreatment behaviors under four categories of mistreatment practices. Additionally, the cluster analysis results imply that talent mistreatment may be rooted in work characteristics. Organizational size may provide some contextual reasoning, but the extent to which this factor interacts with work characteristics left unclear.

Transformational Leadership and Financial Performance: The Mediating Roles of Learning Orientation and Firm Innovativeness

  • KITTIKUNCHOTIWUT, Ploychompoo
    • The Journal of Asian Finance, Economics and Business
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    • 제7권10호
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    • pp.769-781
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    • 2020
  • This study attempts to examine the relationships between transformational leadership, learning orientation, firm innovativeness, and financial performance. Specifically, the moderating effect of learning orientation and firm innovativeness. The data collected from 606 SMEs in Thailand were evaluated using the structural equation modeling, typifying that quantitative research. The results revealed that transformational leadership had a positive effect on learning orientation. Similarly, transformational leadership had a positive effect on firm innovativeness. Further, the study found that transformational leadership had a positive indirect effect on financial performance through the mediation of learning orientation. The results of the study found that transformational leadership had a positive indirect effect on financial performance through the mediation of firm innovativeness. Transformational leadership and learning orientation to improve innovation within the organization, including organizations and leaders among themselves. Especially, innovative firms inculcate ideals of promise to learning, open-mindedness, and shared vision. Furthermore, practitioners can use the findings of this study when they perform their role of leaders to challenge creativity and innovation among followers. Finally, those developments would influence a procedure of evidence procurement, evidence distribution and shared explanation that escalations equally individual and administrative effectiveness owing to its influence going on products.

상생형 스마트팩토리 교육이 중소기업 직무만족에 미치는 요인분석 (Factor Analysis on the Effect of Win-win Smart Factory Education on Job Satisfaction of Medium and Small-sized Enterprises)

  • 서홍일;김태성
    • 대한안전경영과학회지
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    • 제23권3호
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    • pp.47-55
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    • 2021
  • Developed countries that have experienced decline in productivity due to the economic crisis in the past have come to recognize the smart factory as an important means to strengthen the competitiveness of the manufacturing industry due to the increase in labor costs, the avoidance of the manufacturing industry, and the resolution of the shortage of skilled manpower. The necessity of nurturing manpower for self-maintenance was felt through identifying factors for successful smart factory introduction by companies and providing smart factory education. Therefore, the effects of educational satisfaction and operational competency on self-efficacy as a parameter and self-efficacy as a parameter were analyzed using research models and hypotheses to determine whether there was an effect between job satisfaction as a dependent variable. As a result of the analysis, it was found that the mediating effect of self-efficacy and self-efficacy on job satisfaction was found to have significant effects on operational competency and self-efficacy as parameters, as well as educational satisfaction and operational competency. The implication of this study is that continuous education and innovation activities are important in order to increase the business performance of companies, and through this, the manufacturing competitiveness of SMEs can be improved.

Influences of Job Demands, Job Resources, Personal Resources, and Coworkers Support on Work Engagement and Creativity

  • TRUONG, Thuy Van Thi;NGUYEN, Hoang Vinh;PHAN, My Ca Thi
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.1041-1050
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    • 2021
  • Employee engagement plays an important role in the development as well as the success of a company. The manner in which employees are committed to their work and be more innovative seems to drive people's curiosity. This study aims to analyze the impacts of job demands-resources, personal resources, and coworker support on work engagement. Also, whether there is a relationship between work engagement and creativity of employees is tested through this research. The data served for the research was collected in the context of Vietnamese small- and medium-sized enterprises (SMEs). The authors used structural equation modeling (SEM) (software Smart PLS), to test the proposed hypotheses by using the data of 602 employees. Results of the study point out that proposed antecedents influence work engagement and creativity. Such findings have shed light on both theory and practice implications. In theory, it supports the social exchange theory and the job demands and resources model. In practice, leaders should assist subordinates in various aspects and build and promote a corporate culture where employees help others with great enthusiasm to increase the level of work engagement and spirit of innovation of employees.

The Role of Corporate Social Responsibility on the Relationship of Competitive Pressure and Business Performance of Batik Industry in Central Java, Indonesia

  • SOEWARNO, Noorlailie;TJAHJADI, Bambang;FITRIYAH, Mawar
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.863-871
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    • 2021
  • This study aims to document empirically the mediating role of corporate social responsibility (CSR) on the influence of competitive pressure toward business performance on the batik industry in Central Java, Indonesia. This study also examined the effect of competitive pressure and CSR on business performance of small- and medium-sized enterprises (SMEs) in the batik industry in Central Java. This study used an explanatory quantitative approach. Samples of 254 MSEs in the batik industry have been successfully collected. Hypothesis testing uses SEM-PLS. The results of this study indicate that competitive pressure has a positive and significant effect on the batik MSEs business performance in Central Java. Competitive pressure also has positive direct effect on corporate social responsibility, and CSR has a significant and positive direct effect on business performance. The results of this study have successfully documented empirically that CSR has a mediating role on the relationship of competitive pressure toward business performance in the batik MSEs in Central Java, Indonesia. This study provides a comprehensive understanding of the owners of the batik MSMEs in coping with competitive pressure by using CSR as a strategy to create uniqueness that is difficult to imitate and can create an organizational reputation that eventually can increase business performance.

The Effect of Branding Capability on Business Performance: An Empirical Study in Indonesia

  • HANDINI, Yuslinda Dwi;NOTOSUBROTO, Suharyono;SUNARTI, Sunarti;PANGESTUTI, Edriana
    • The Journal of Asian Finance, Economics and Business
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    • 제8권7호
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    • pp.591-601
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    • 2021
  • This study examined the effect of branding capability on business performance moderated by learning capability. This study was conducted with small- and medium-sized enterprises (SMEs) of coffee cafes in the ex-Besuki region, East Java, Indonesia, covering four regencies located around coffee-producing areas with geographical indication (GI) certification. 150 managers of coffee cafe were sampled using the census technique. Data were collected by questionnaires distributed to the coffee cafe managers. The data were then analyzed by using simple regression analysis, Moderation Regression Analysis (MRA) and Moderated MultiGroup Analysis (MMA). The results showed that learning capability positively and significantly affect business performance, and learning capability moderated/enhanced the effect of branding capability on business performance. The findings of this study suggest that branding capability and learning capability play a crucial role in the performance of coffee cafe business especially in the dynamic environment. Coffee cafe managers need to take concrete steps to improve their branding capability and learning capability and they also need to improve their ability to interact with their environment and be committed in managing the coffee cafe. Therefore, it is imperative that the role of branding capability and learning capability be optimized in order to improve the business performance of the coffee cafe.

LMX, 임파워먼트 그리고 혁신행동 간의 상황적 인과모형: 내국인과 외국인 근로자의 비교분석을 중심으로 (Situational Causal Model Between LMX, Empowerment and Innovation Behavior)

  • 유병남
    • 대한안전경영과학회지
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    • 제23권4호
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    • pp.121-133
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    • 2021
  • The composition of human resources in industrial sites is becoming global. In Korea, too, the proportion of foreign members in all industrial fields and production sites is increasing. This is the reason why an approach that reflects this reality is needed in the basic unit of competitive sources. Competitiveness starts with value creation, and this progresses through field innovation. Through empirical analysis of this study, it was analyzed that South Korea members showed active actions and attitudes in developing, promoting, and realizing ideas when they strongly recognized the real meaning of empowerment given by leaders. On the other hand, it was found that foreign members do not know the meaning of empowerment itself, so they are often unable to play an active role in the development, promotion, and realization of ideas. In fact, it was analyzed that foreign members generally did not experience positive interactions with LMX and were exposed to simple tasks and controls. In other words, they are being discriminated against in terms of communication problems, compensation system, and work environment. In particular, this phenomenon is exacerbated in the case of small and medium-sized enterprises (SMEs). Situational response to foreign workers through improvement of LMX and empowerment should be evaluated as a key management task in a situation where productivity improvement and job unit innovation are urgently needed.

소재부품 중소기업 수출성과의 선행요인 경로 및 사회적 자본의 조절효과 분석 (An Analysis on Antecedents Path of Export Performance and Moderating Effects of Social Capital in Materials and Components SMEs)

  • 원동환
    • 유통과학연구
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    • 제14권2호
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    • pp.135-144
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    • 2016
  • Purpose - The purpose of this paper is to empirically investigate the moderating effects of social capital on antecedents factors path of export performance in the materials and components SMEs(Small and Medium-sized Enterprises) of Busan and Kyungnam region. In case of materials and components SMEs, they are always trying to achieve business performance including export sales and market share, but it is difficult for them to increase performance due to the limitation of inner & tangible resources. Therefore intangible asset such as technology capability and its antecedents factors which are technology innovation and learning orientation are getting more important to SMEs. In addition, it is supposed that social capital such as local network including distribution channel in overseas market plays an essential role to enhance export performance. Accordingly, the main goal of this study is to find out the relationship between export performance and antecedents factors and the validity of social capital as a moderating valuable. Research design, data, and methodology - Technology innovation, learning orientation and technology capability have been used as antecedents factors for export performance and social capital such as network diversity and intensity has been used for moderating effects analysis. In order to select these valuables mentioned above, this study examined the existing researches on a basis of Resources Based View, Organizational Learning Theory and Social Capital theory. To achieve the objective of this paper, 7 hypotheses including the moderating effects have been proposed with 6 potential variables measured by 24 questions. The survey was carried out from December 2014 to March 2015 and 137 samples out of total 175 were selected for the analysis. PLS(Partial Least Squares) has been used for the methodology of empirical analysis for both antecedents factors path and moderating effects. Results - Research findings are as follows. First, technology innovation has a significant impact on learning orientation, learning orientation has a positive effect on the technology capability and technology capability also has a significant impact on export performance. Therefore 3 valuables are proved as antecedents factors of export performance. Second, the social capital(both network diversity and intensity) plays a moderating role with learning orientation to technology capability. However, there is no moderating effects between both of social capital and technology capability regarding export performance. Conclusions - According to path analysis results, it is suggested that the materials and components SMEs should raise technology innovation and learning orientation in order to improve technology capability and export performance. Meantime, the moderating effect analysis shows that SMEs should consider local network diversity and intensity along with learning orientation to add up technology capability. But local network diversity and intensity does not work systematically with technology capability for export performance and it means that SMEs should find the appropriate local partners for the purpose of establishing concrete distribution channels based on marketing perspective, not for improving technology capability.

한국 수출중소기업 롤 모델로서 독일 미텔슈탄트의 성공요인 분석 (Success Factors of German Mittelstand as a Role Model for Korean Exporting SMEs)

  • 홍성헌
    • 통상정보연구
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    • 제15권4호
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    • pp.341-366
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    • 2013
  • 글로벌 경제불황과 유로존의 재정위기에도 2012년 경이적인 무역흑자로 인하여 독일경제를 재조명하는 분위기가 고조되면서 이러한 성장을 이끈 주역으로서 독일 중소기업에 대한 관심이 증대하고 있다. 각국에서 국가경제를 회복시키기 위한 방법으로서 독일 미텔슈탄트를 모방하려는 시도가 나타나고 있다. 세계 제조업의 절대강자인 독일 중소기업의 수출경쟁력은 독일경제와 유사하게 수출의존적 경제구조를 갖고 있는 한국의 중소기업들에게 시사하는 바가 클 것이다. 따라서 본고에서는 독일 미텔슈탄트를 글로벌 강소기업을 목표로 하는 한국 중소수출기업들의 롤 모델로서 상정하고, 독일 제조업 경쟁력의 주역이라 평가받는 미텔슈탄트(Mittelstand) 성장의 역사적 고찰과 함께 수출경쟁력 구축 성공요인을 조명한다. 성공요인 분석의 결과는 한국 수출중소기업을 위한 비즈니스 전략 시사점으로 제공될수 있을 것이다. 독일 미텔슈탄트의 수출경쟁력은 기업 스스로의 기술 혁신성, 경영전략의 장기지향성을 보증하는 가족경영의 전통, 핵심역량을 작은 목표시장에 집중하는 니치전략과 함께 적극적인 글로벌화에서 그 성공요인을 찾을 수 있다. 이와 함께 미래지향적이고 효율적인 직업교육제도, 중소기업을 겨냥한 금융프로그램 그리고 정교하게 설계되고 운영되는 산업클러스터 및 산학연 네트워크 등이 미텔슈탄트의 내부적인 경쟁적 자산과 유기적으로 조합되면서 수출경쟁력에 시너지가 나타났다고 본다.

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중국 중소기업의 글로벌 성과에 미치는 영향요인에 관한 연구 (A Study on the Factors Affecting the Global Performance in Chinese Small and Medium Sized Enterprises)

  • 이준건;김태인
    • 통상정보연구
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    • 제14권3호
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    • pp.3-30
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    • 2012
  • 중국 중소기업은 그 발전과정에 있어서 국가상황 및 경제적 상황과 밀접하게 관련된 독특한 특성과 규칙성을 보이고 있다. 2008년 미국에서 시작된 글로벌 금융위기를 계기로 중국의 수출비중과 경제성장이 감소하고 있다. 특히 중국의 중소기업은 자금부족, 수출감소, 위엔화 절상, 잠재적 성장요인 부족으로 파산에 직면해 있다. 본 연구의 목적은 중국 중소기업의 글로벌 성과요인으로서 국내외 시장환경, 해외시장진입을 위한 정부의 수출지원, 기업가 특성을 조사하는 것이다. 중국 중소기업을 대상으로 한 317개의 유효한 설문지를 기초로 다중회귀분석을 실시하여 연구모형과 가설검증을 실시하였으며, 그 결과는 다음과 같다. 첫째, 중국의 국내외 시장환경 요인이 높을수록 기업의 재무적 성과에 유의한 정(+)의 영향을 미치는 것으로 나타났다. 중국내시장환경과 국외시장환경 요인은 모두 재무적 성과에만 유의한 정(+)의 영향을 미치는 것으로 나타났다. 둘째, 중국정부의 수출지원정책 측면에서 해외시장개발지원은 기업의 재무적 성과와 비재무적 성과에 모두 유의한 정(+)의 영향을 미치는 것으로 나타났다. 특히 해외시장개발지원은 수출기업으로 하여금 진출국에서의 점유율, 개척현황, 유통현황, 시장적응 등 비재무적 성과에 더 높은 영향을 미치는 것으로 분석되었다. 대체적으로 중국정부의 수출지원정책은 글로벌 성과에 영향을 미치고 있지만 수출활동지원과 금융지원분야에 있어서는 아직 제도적인 지원책이 부족한 것으로 나타났다. 셋째, 기업가 정신 측면에서 기업가의 혁신성과 기업가의 진취성은 재무적 성과와 비재무성과 모두에 유의한 정(+)의 영향을 미치는 것으로 나타났다. 이러한 결과는 중국 중소수출기업의 재무적성과 및 비재무적 성과에 기업가의 자질 및 특성이 중요한 영향요인임을 알 수 있었다. 그리고 기업가 위험감수성은 비재무적 성과에만 유의한 부의 (-)영향을 미쳤다. 이는 기업가 위험감수성이 낮을수록 중소기업의 해외시장 점유율, 개척현황, 유통현황, 시장적응 등 비재무적인 글로벌성과에 도움이 됨을 의미하는 것으로 파악되었다. 본 연구의 결과를 통해 실무적 측면에서는 우선 중국 중소기업의 글로벌 성과를 높이기 위한 중국의 국내외 시장환경의 구조적인 영향요인, 중국정부의 수출지원정책 그리고 기업가 정신이 중소기업의 다차원적인 해외진출 성향 및 실절적인 성과에 유의적인 영향을 미치고 있음을 확인할 수 있었다.

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