• Title/Summary/Keyword: strategies of growth

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New Distribution Strategies of Korean SMEs in Post COVID-19 Pandemic Era: Focusing on the Innovation of Official Distribution Channels

  • Lee, Min-Jae;Jung, Jin-Sup
    • Journal of Korea Trade
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    • v.25 no.3
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    • pp.153-168
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    • 2021
  • Purpose - In this study, we aim to explore new distribution strategies for sustainable growth in the era of the 4th industrial revolution, focusing on SMEs (small and medium-sized enterprises) in Korea, and suggest ways to upgrade the government's official distribution channel to the next level. Design/methodology - First of all, this paper explored the prior research, the current status of sales support for SMEs, and the changes in the distribution industry due to COVID-19 pandemic. Based on Moon (2016)'s ABCD strategic model - Agility, Benchmarking, Convergence, and Dedication, the study then derived directions in which official distribution channels should move and the new distribution strategy for Korean SMEs to secure competitive advantage. Findings - First, in terms of 'Agility', in order to upgrade official distribution channels, which are currently at some competitive disadvantages compared to private distribution companies, we must quickly introduce technologies for the 4th industrial revolution, such as AI, Big Data, etc., and establish precise strategies to strengthen the capabilities of SMEs. Second, in terms of 'Benchmarking', the use of "Chamelezones" has been increasing to enhance the competitiveness of offline stores in line with recent ontact trends. Therefore, official distribution channels should also benchmark such cases, strengthening their competitiveness by utilizing offline spaces more efficiently and effectively. Third, in terms of 'Convergence', in line with the rapidly changing trend of the times, official distribution channels should also promote active partnerships with media commerce, e-commerce and ICT platforms, as well as cooperation with private retailers, and focus on creating synergy effects through them. Finally, from the perspective of 'Dedication', digitalization should be promoted step by step, finding the sector that can accelerate digital among the value chains of official distribution channels, and continuing to discuss how to digitize it realistically. Originality/value - Based on this analysis, we have presented strategies and implications for innovating official distribution channels for SMEs, which will contribute to enhancing the competitive advantage of official distribution channels in the post COVID-19 pandemic era.

A Study on Countermeasures of Electronic Component Industry according to Korean Emission Trading Scheme Enforcement (국내 배출권거래제 시행에 따른 전자부품산업 대응방안 연구)

  • Choi, Eun Kyung;Lim, Hoseon;Lee, Min Young;Shin, Seung-chol
    • Journal of Climate Change Research
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    • v.5 no.4
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    • pp.331-338
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    • 2014
  • The continued efforts to reduce GHG emission by international cooperation and each country are in progress. As part of these efforts, Korea's ETS is enforced in 2015. This was the time to make strategies for each company to respond Korea's ETS. This study was performed to suggest a draft of basic strategies for electronic component industry in current Korea's ETS stage are as follows; - Analyzing the nature of electronic component industry - Identifying needs for corresponding ETS of electronic component industry - Analyzing basic countermeasures for each stage of ETS - Suggesting drafts of basic strategies for electronic component industry in current Korea's ETS stage The result of this study, the current stage of Korea's ETS is moving from implementation of the scheme become determined and prepare the minimum corresponding to direct corresponding to the regulation and market change. Electronic component industry has many GHG emission growth(or change) factor, and it will be make electronic component industry as a buyer when Korea's ETS is enforced. Korea's ETS will be clearly act as a regulation rather than new business for electronic component industry. Therefore, identifying the Korea's ETS as a regulation is resonable strategy for corresponding the scheme. The basic strategies of electronic component industry th responding Korea's ETS are as follows; - Building internal organization and decision-making system before enforcement the Korea's ETS - Establishing internal basic corresponding strategies according to carbon price forecast scenarios - Considering the energy consumption and GHG emissions in design phase and preparing the global ETS market in mid or long term.

Strategic Communication for Establishing Collectivity for UN International Day of Clean Air for Blue Skies

  • Song, Jaeryoung;Yoo, Sunwook;Lim, Jung Yun;Ko, Yealim
    • Asian Journal of Innovation and Policy
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    • v.9 no.1
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    • pp.95-105
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    • 2020
  • Air pollution is a global challenge that not only threatens public health, but also takes away lives. Strategic communication, in other words, public relations, is an essential way of tackling air pollution and managing the risks involved. Engaging global citizens into the public sphere requires the building of a sense of collectivity and duty on achieving clean air. Strategies and policies on an international scale that are based on the theoretical framework (Behavior Procedure Model) and focus on leading citizens into the mature and unified Collectivity during the observance of the 'International Day of Clean Air for blue skies' are crucial. Notably, the Asian continent has inevitably found itself at the crossroad between economic growth and environmental protection, and has even been observed to be pursuing a passive response to air pollution. The key communication strategies are supported by the three goals, which include: expanding existing communities and building a new Collectivity, supporting international solidarity and individual member state activities, and implementing systems and structures. The key goals can be further specified into six strategies. This paper has analyzed global problems and discussed possible communication strategies to increase public engagement for the observation of the 'International Day of Clean Air for blue skies.' It will be the responsibility of all nations to implement the aforementioned strategies and policies as well as promoting global action.

Shape Control of Gold Nanocrystal: Synthesis of Faceted Gold Nanoparticles and Construction of Morphology Diagram

  • Ahn, Hyo-Yong;Lee, Hye-Eun;Nam, Ki Tae
    • Proceedings of the Korean Vacuum Society Conference
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    • 2013.08a
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    • pp.281.1-281.1
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    • 2013
  • Shape control of gold nanocrystal is still one of the most important challenges remaining to achieve geometry dependent properties. Thus far, several strategies have been developed to control the shape of nanoparticles, such as adding capping agents and diverse additives or adjusting the temperature and pH. Here, we used an already established seed-mediated method that allowed us to focus on controlling the growth stage. Cetyltrimethylammonium bromide (CTAB) and ascorbic acid (AA) were used as the ligand and the reducing agent, respectively, without using any additional additives during the growth stage. We investigated how the relative ratio of CTAB and AA concentrations could be a major determinant of nanoparticle shape over a wide concentration range of CTAB and AA. As a result, a morphology diagram was constructed experimentally that covered the growth conditions of rods, cuboctahedra, cubes, and rhombic dodecahedra. The trends in the morphology diagram emphasize the importance of the interplay between CTAB and AA. Furthermore, high-index faceted gold nanocrystal was obtained by two step seeded growth. Already synthesized cubic particles developed into hexoctahedral nanocrystal consisting of 48 identical {321} facets, which indicates that the growth of gold nanocrystal is affected by initial morphology of seed particles. The hexoctahedral gold nanoparticles can be used in catalysis and optical applications which exploiting their unique geometry. Our research can provide useful guidelines for designing various facetted geometries.

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The Impact of Financial Inclusion on Economic Growth, Poverty, Income Inequality, and Financial Stability in Asia

  • RATNAWATI, Kusuma
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.73-85
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    • 2020
  • As an effort to achieve sustainable development and increase people's welfare, financial inclusion has become the policy agenda of many countries. Therefore, the effect of financial inclusion on economic growth, poverty, income inequality, and financial stability in several countries in Asia has become the goal and this is the subject of this study. Financial inclusion is measured by 3 dimensions, namely banking penetration, access to banking services, and use of banking services. Poverty ratio below the national poverty line and the Gini coefficient are used as indicators of poverty and income inequality. Financial stability is measured by Bank Z-Score and bank nonperforming loans. The results from the hypothesis test shows that all dimensions of financial stability simultaneously have significant influence on economic growth, poverty, income inequality, and financial stability. On the other hand, the partial impact of financial inclusion dimension on economic growth, poverty alleviation, income inequality, and financial stability in ten countries of Asia has not been optimal. The derived results of this study is required to be interpreted and considered by the Governments of each country in developing strategies for increasing financial inclusion, so that the policy to achieve sustainable development and enhancement of people's welfare can be achieved.

Selection of Frontier Green Construction Product

  • Hyounseung Jang;Seokin Choi;Boknam Lee;Wooyoung Kim;Chulki Chang;Younghwan Lee
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1426-1432
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    • 2009
  • Green growth is summarized as the national growth strategies to enhance the quality of life as a whole by converting not only the lifestyle but the economic and industrial structures into the low carbon and eco-friendly environments with the green growth industries with low carbon as the momentum for new growth, based on green technologies including renewable energy technologies, energy and resource efficient technologies, converging technologies related to technologies to reduce the environmental pollution. Roles of the construction industry along with other industries are very important in securing justifications for the cooperation between our government and industries for challenges to this green growth as well. The national effects of economy are very large from leading the construction industry to the green construction from the national level. Accordingly, this study suggested responsive plans for both government and companies for the activation of green construction by selecting 15 frontier green construction products and analyzing them by the type of strategy in Korea, as well as analyzing recent trends of overseas green construction.

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E-commerce Readiness, Micro, Small, and Medium-Sized Enterprises (MSMEs), and Economic Growth: An Empirical Investigation

  • Anasuya Barik;Sidheswar Panda
    • Asian Journal of Innovation and Policy
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    • v.12 no.2
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    • pp.246-260
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    • 2023
  • With the advent of COVID-19, the world economy has undergone enormous losses and unprecedented crises. Moreover, this pandemic has put a significant effect on all business organizations, comprising the micro, small and medium enterprises (MSMEs) sector. MSMEs have been continuing to develop business strategies and are eager to compete in the market. The COVID-19 pandemic has shifted the full focus of MSMEs from 'business growth' to 'business survival' worldwide. E-commerce readiness plays a crucial role in a time of uncertainty and crisis during COVID-19 and affects the durability and sustainability of the business. This study attempts to study the readiness of online business and "E-commerce" adoption of MSMEs and its contribution to economic growth by utilizing both qualitative and quantitative techniques in the case of India. We use content analysis to determine the readiness of online business and Ecommerce in the post COVID-19 period. The result highlights the specific issues of this sector such as the shortage of resources and disruptions in the supply chain & logistical issues during the COVID-19 pandemic. Qualitative analysis discloses that almost half of the respondents adopt online platforms along with additional challenges to sustain their business during the pandemic. This study utilizes annual time series data for the period from 1973-74 to 2017-18 to understand the long-run relationship between India's GDP and MSMEs units. By utilizing the co-integration technique, this study reveals that there is a long-run relationship between MSME units and the economic growth of this country.

A Foresight Study on Strategy of Semiconductor Memory Industry by Performance Analysis of Semiconductor Industry (반도체 산업의 성과 분석을 통한 메모리 산업의 미래 전략 도출)

  • Chung, Euiyoung
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.11 no.4
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    • pp.1-12
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    • 2015
  • This research analyzes the current state of the semiconductor industry delivering the prediction for the future development of the semiconductor industry along with some semiconductor memory's responsive strategies. In the 2014, top 10 semiconductor companies were targeted and studied its growth based on its profitability and growth indications in perspective during three years. The system semiconductor industry with the increase in Hyper-scale customers, proactive actions in the technology consortium, is polarizing caused by increased R&D expense to ensure process scaling limits and high performance, and some results have shown: PC and Mobile slowdown and growth recession phenomenon due to IoT's unclear direction. The leading company is to secure new growth engines through 'Acquiring'. While as the subordinated companies following this consecutive survival through the 'Acquired', the future of system semiconductor industry is to strengthen the market dominance and its techniques by concentrating on the reorganization of the market by few large companies. Accordingly, the semiconductor memory industry is expected to reach the limit of its expansion to domain of system semiconductor, and it is highly suggesting the need of the 'Memory Life Extension' growth strategy.

Effects of environmental factors on the growth response of above- and below-ground parts of Mankyua chejuense, endangered endemic plant to Jeju province, in Korea

  • Kim, Hae-Ran;Shin, Jeong-Hoon;Jeong, Heon-Mo;You, Young-Han
    • Journal of Ecology and Environment
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    • v.37 no.2
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    • pp.61-67
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    • 2014
  • Mankyua chejuense is a native endangered plant distributed only in Gotzawal, a forested wetland, in Jeju Province, Korea. In order to determine the optimal environmental conditions for the growth and development of M. chejuense, we investigated the above- and below-ground growth responses and survival rate to various soil texture (sand and clay), water regimes (flooding and non-flooding), and $CO_2+T$ (ambient and elevated) conditions. All of the treatments had significant effects on aboveground growth parameters, while only the water regime and $CO_2+T$ treatments influenced belowground growth. The survival rate of M. chejuense was about twice higher under the sand, non-flooding and elevated $CO_2+T$ conditions than clay, flooding and ambient $CO_2+T$ conditions. These results indicate that M. chejuense grows in well-drained sandy soil conditions and elevated $CO_2$ concentration and temperature situations. Thus, there is a need to maintain M. chejuense under constant non-flooding soil conditions by implementing appropriate soil drainage strategies.

A study of joint development strategies of recognition and collaboration about green growth between local government and company in Dae-gu and Kyoung-buk Area (저탄소 녹색성장에 대한 인지도 향상 및 협업에 관한 연구 - 대구.경북지역을 중심으로)

  • Ahn, Sang-Hun;Kang, Eun-Gu;Lee, Sun-Kyu;Bae, Jung-Mi
    • Journal of Digital Convergence
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    • v.10 no.1
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    • pp.39-48
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    • 2012
  • Under the effectuation of Green growth from last year, It was surveyed in this study that how recognize of local government and companies in Dae-gu and Kyoung-buk Area. For this purpose, in order to see the present situation, the perception and influence to the Green growth was surveyed and analyzed. The result was that local government and companies were big differences in many items between the compared companies which are different. On the basis of this analysis, It was suggested what and how the companies and the government have to do in order to improve the perception of Green growth and make a new business chances.