• Title/Summary/Keyword: Strategy and Direction

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Note on Debate over Relationship Between Business Model and Strategy

  • PARK, Kyoo-Ho
    • 동아시아경상학회지
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    • 제10권4호
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    • pp.39-45
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    • 2022
  • Purpose - This short paper reviews the debate dealing with the relationship between strategy and traditional strategy approach on the one hand, and business models and new business model approach on the other hand and tries to offer useful direction to be more helpful to theoretical discussions. Research design, data, and methodology - This paper makes a theoretical analysis to explain the confusion surrounding the debate, reviewing mainly literature survey papers and finds theoretical conjecture and its limitations in order to present useful direction to the future theoretical work. Result - In order to comprise its diversity, business model studies should consider the characteristics of each firm, sector, and market. Adding further elements which are related to each sector or market, theoretical studies can capture the diverse phenomena related to business model and business model innovation. Conclusion - The traditional strategy perspective can be utilized to the Business model phenomenon in the case of incumbent firms and non-digital sector and existing markets. Meanwhile the new business model perspective can be utilized to business model phenomena in case of start-ups and digital sector and emerging markets. Reconciling two perspectives, the studies dealing with the business model should focus on the characteristics of firms, markets, and knowledge from the perspective of business model innovation.

Development of Pareto strategy multi-objective function method for the optimum design of ship structures

  • Na, Seung-Soo;Karr, Dale G.
    • International Journal of Naval Architecture and Ocean Engineering
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    • 제8권6호
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    • pp.602-614
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    • 2016
  • It is necessary to develop an efficient optimization technique to perform optimum designs which have given design spaces, discrete design values and several design goals. As optimization techniques, direct search method and stochastic search method are widely used in designing of ship structures. The merit of the direct search method is to search the optimum points rapidly by considering the search direction, step size and convergence limit. And the merit of the stochastic search method is to obtain the global optimum points well by spreading points randomly entire the design spaces. In this paper, Pareto Strategy (PS) multi-objective function method is developed by considering the search direction based on Pareto optimal points, the step size, the convergence limit and the random number generation. The success points between just before and current Pareto optimal points are considered. PS method can also apply to the single objective function problems, and can consider the discrete design variables such as plate thickness, longitudinal space, web height and web space. The optimum design results are compared with existing Random Search (RS) multi-objective function method and Evolutionary Strategy (ES) multi-objective function method by performing the optimum designs of double bottom structure and double hull tanker which have discrete design values. Its superiority and effectiveness are shown by comparing the optimum results with those of RS method and ES method.

The Information Content of Option Prices: Evidence from S&P 500 Index Options

  • Ren, Chenghan;Choi, Byungwook
    • Management Science and Financial Engineering
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    • 제21권2호
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    • pp.13-23
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    • 2015
  • This study addresses the question as to whether the option prices have useful predictive information on the direction of stock markets by investigating a forecasting power of volatility curvatures and skewness premiums implicit in S&P 500 index option prices traded in Chicago Board Options Exchange. We begin by estimating implied volatility functions and risk neutral price densities every minute based on non-parametric method and then calculate volatility curvature and skewness premium using them. The rationale is that high volatility curvature or high skewness premium often leads to strong bullish sentiment among market participants. We found that the rate of return on the signal following trading strategy was significantly higher than that on the intraday buy-and-hold strategy, which indicates that the S&P500 index option prices have a strong forecasting power on the direction of stock index market. Another major finding is that the information contents of S&P 500 index option prices disappear within one minute, and so one minute-delayed signal following trading strategy would not lead to any excess return compared to a simple buy-and-hold strategy.

노인여성의 정적직립자세에서 지면반력 주파수 분석 (Analysis of Frequency domain Characteristics of Ground Reaction Forces during Quiet Standing of Elderly Women)

  • 이경순
    • 대한물리치료과학회지
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    • 제19권1호
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    • pp.63-69
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    • 2012
  • Background : The purpose of this study was to investigate the frequency domain characteristics of ground reaction forces during quiet standing on inclined surfaces twenty healthy individuals(10 elderly women $68.78{\pm}3.29$ years and 10 young women $20.90{\pm}0.74$ years) participated. Methods : Subjects stood in quiet stance over a force platform positioned in one of three different fixed positions: flat, down and up. Healthy participants completed with eyes open for 120 s trials. Evaluation of postural control were generally based on the interpretation of center of pressure(COP) time series. The COP have been determined using an experimental setup with 3D kinematic and the ground reaction force system. All the data were expressed means and standard deviation by using SAS package program. Results : SEF 50% were not significant in AP and ML direction according to surface slope of both groups. SEF 95% were showed highest frequency in AP direction on down slope of both groups. MEF were not significant all direction according to surface slopes of elderly women. There was no difference between young and elderly women. Conclusion : Elderly women used to ankle strategy during a quiet stance according to COP perturbation of AP direction showed more expanded than ML direction. SEF 95% were showed highest frequency on down slope in elderly women who showed more used ankle strategy for postural control on down slope.

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BIM 중장기전략 수립을 위한 정책방향 설정 (Direction of Policy on Long-term Strategy Development for BIM)

  • 김홍수;김용준
    • 한국CDE학회논문집
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    • 제20권2호
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    • pp.133-144
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    • 2015
  • Introduction of BIM(Building Information Modeling) was led by public institutions, and all buildings over a certain size were obligated to apply BIM. However, through various attempt to apply BIM to actual practice, people had doubt whether it is a usable technology in reality appeared. Therefore, this study investigated cases about implementation strategies of foreign countries, and conducted survey on BIM performances and preparation in architectural design firms. On the basis of this, it suggests the long-term development strategy of BIM and the basic direction of road map to adopt BIM effectively to domestic architectural design market. After considering the cases abroad and the results of survey, it is identified that incentive policies supporting finance and education should be carried out together with partially obligation method led by government in order to introduce BIM into architectural design market effectively by reflecting current situation of architectural design firms.

산업연관분석을 통한 공간정보산업의 특징 및 정책방향성에 대한 연구 (A Study on Strategy Direction for Promoting the Geo-spatial Information Industry by Input-Output Analysis)

  • 임시영;안종욱;이미숙
    • Spatial Information Research
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    • 제20권6호
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    • pp.69-76
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    • 2012
  • 본 연구에서는 산업연관분석을 통해 공간정보산업의 특징을 도출하였다. 이를 위하여 공간정보산업을 재분류하고 이에 맞게 산업연관표를 수정하여 공간정보산업을 분석하였으며 생산유발계수, 영향력계수, 감응력계수를 도출하였다. 그 결과 공간정보산업은 생산유발효과는 작으나 전방연쇄효과가 매우 큰 산업으로 확인되었다. 이를 기반으로 공간정보산업 육성을 위한 정책의 방향성을 '산업생태계 조성, 고도화와 활용도 향상 병행, 장기적 관점 수립'으로 제시하였다.

기술전략 실행역량 평가 모델과 적용 (A Model for Assessing The Technology Strategy Implementation Competence and Its Application)

  • 김진한;김성홍
    • 경영과학
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    • 제23권2호
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    • pp.109-135
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    • 2006
  • Despite much attention of strategy implementation, there is rarely a study focusing on the ways to evaluate the strategy implementation competence. Therefore, based on broad literature review, we suggested a simple model and procedure to evaluate the technology strategy implementation competence based on importance-Performance Analysis (IPA). The proposed model applied to the case of 'Company A' in order to examine the feasibility. We grasped the importance of strategic direction by surveying the employees in 'Company A', and also measured relative importance and performance of critical technology strategy implementation factor. By analyzing the results of the survey, we can identify the barriers to implementing the technology strategy in 'Company A'.

비즈니스 전략과 서비스혁신 전략의 전략적 적합성에 대한 연구: 실증적 검증과 기업성과의 의미 (The Strategic Alignment between Service Innovation Strategy and Business Strategy: The Empirical Investigation and Implications for Firm Performance)

  • 유현선;이재남
    • 지식경영연구
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    • 제13권5호
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    • pp.113-137
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    • 2012
  • Since service innovation is considered as a new way to gain an advantage in a highly competitive environment, it is imperative for companies to align their service innovation strategy with their business strategy in order to achieve better firm performance. Accordingly, a critical challenge facing firms is how to effectively organize and manage a well-planned service innovation strategy in accordance with the direction of their business strategy. Firms with a good fit between business strategy (i.e., cost leadership, innovative differentiation, and marketing differentiation strategies) and service innovation strategy (service creation-focused, service delivery-focused, and client interface-focused strategies) are expected to have better firm performance than those without such a fit. Based on empirical data from 209 service firms in South Korea, this study aims first to investigate whether a certain service innovation strategy is more effective than others within a particular business strategy. We then examine whether their effective alignment positively affects firm performance. The empirical evidence indicates that the alignment of service innovation strategy with business strategy significantly influences firm performance. The adoption of service innovation strategy was found to have positive effects on firm performance with innovative differentiation and marketing differentiation strategies and negative effects with cost leadership strategy. Lastly, we discuss our study's implications for further research and practice.

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산업 특성을 통한 U-City산업 발전 정책 방향성에 대한 연구 -서울특별시 사례를 중심으로- (A Study on Strategy Direction for Promoting the U-City Industry Through its Characteristics)

  • 임시영;신동빈;안종욱;이미숙
    • 대한공간정보학회지
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    • 제19권1호
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    • pp.37-43
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    • 2011
  • 본 연구에서는 서울특별시 사례를 중심으로 U-City산업을 정의 및 분류하고 이를 바탕으로 산업연관분석을 수행하여 U-City산업의 특성을 파악하였다. U-City산업은 전방연쇄효과가 매우 큰 산업으로 인프라적 특성이 강한 것으로 분석되었으며 이러한 관점에서 우선적으로 육성될 필요가 있는 산업임을 확인하였다. 이 결과를 기반으로 현 시점에서 U-City산업의 육성을 위해 기존 공공의 역할을 유지하면서 시장을 확대할 수 있도록 '기존 사업을 통해 부각된 문제의 해결, 민간과 공공의 역할 구분, 민간참여 확대를 위한 지원방안 마련'을 정책적 방향으로 제시하였다.

시나리오 기반의 정보화전략 계획 수립을 위한 환경 분석 방법 연구 (A Study of Environment Analysis Method for Information Strategy Planning based Scenarios)

  • 홍진우;박구락;김동현
    • 디지털융복합연구
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    • 제14권10호
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    • pp.195-203
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    • 2016
  • 본 논문은 정보화전략계획 수립에서의 환경 분석 단계를 빠르게 수행하여, 결과물에 대한 품질을 향상시킬 수 있는 기반을 마련할 수 있는 방법을 제안한다. 기존의 환경 분석 방법은 외부 환경 분석, 내부 역량 분석, 정보화 방향 도출 활동으로 구성되어 있다. 환경 분석 첫 번째 단계에 현황파악, 주요 프로젝트 이해관계자와 인터뷰 준비, 인터뷰 수행을 통하여 초기 정보화 방향을 획득하기 위한 활동들을 추가하였다. 그리고 외부 환경 분석, 내부 역량 분석을 위한 핵심 질문 중심의 융복합 시나리오 기반 분석 모형을 적용하였다. 분석모형으로 외부 환경 분석, 내부 역량 분석 활동을 수행하여, 도출된 정보화 방향을 초기에 설정한 정보화 방향과 검증할 수 있도록 하였다. 연구 결과는 실제 프로젝트 현장에 적용하여, 빠르게 프로젝트를 수행할 수 있었고, 프로젝트 결과물에 대한 품질을 향상시킬 수 있었다.