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A exploratory study on policy for job creation through small and medium sized business
  • - Choonwoo Lee (The University of Seoul)
[Abstract]
This study examined youth employment policies of Korea for job creation using business administration lens. This study analyzed current youth employment policies of Ministry of employment and labor with policy target group and its the limitation focused on labor economics perspective and job applicant. Considering business administration lens is a significant discussion to make alternative ways for job creation.
As solutions of youth employment policies, this study suggest analyzing needs on company about job applicant, job creation through small and medium sized business, labor market segmentation, expanding bridging business and global market, exploring new ind-ustry and market, developing job competency depending on category of business, and building the interministerial cooperative system for making policy.
A research on a company assessment model and support system based on job seekers' preferences
  • - Okhyun Ryou (Korea Polytechnic University)
  • - Choongseok Lee (Korea Polytechnic University)
[Abstract]
This paper proposes a company assesment model and a support system which provides support for company assessment on job seeker's major concerning factors on job ion. The proposed system includes four main modules: (1) personalized support for job seeker, (2) company assessment, (3) occupational choice factors management, and (4) company information management. The assessment results can be used not only for recommending job-opening companies to job seekers but also for leveling up company's job-seeker attractiveness by making up for revealed weak points. In the long term perspective, we expect that the korean small and medium enterprises suffered from the human resource shortage will have more chances to hire a new employees easily and that job seekers will be provided a reasonable index for evaluating job-opening alternatives.
Determinants on the adoption of Management Innovation
  • - Sangmoon Park (Kangwon National University)
  • - Shin Hyung Kang (KAIST Business School)
[Abstract]
Management innovation has played a pivotal role for firms to enhance productivity and chance to survive in competitive and turbulent environment. Despite the importance of management innovation, the empirical studies on its antecedents and consequences are rather scarce. There are competing forces in the adoption of new management practices. Firm age is likely to hinder management innovation, for the accumulation of routines work as organizational inertia. On the contrary, firm size enhances management innovation, for it determines the reference group the firm is exposed to. Hence, the larger the firm size is, the more the firm is likely to introduce management innovation. However, these conflicting forces are moderated by the extent of external knowledge search activities.
Based on the 2010 KIS data, 2,031 firms were extracted and analyzed by ordered logistic regression model. This study investigated the effect of firm age, size and external knowledge search on the adoption level of management innovation. In addition, the interaction effect of external search was researched. As hypothesized, the result shows negative effect of firm age and positive effect of size and external search on the adoption of management innovation. The interaction between firm characteristics (age, size) and external search shows contrasting effects – external search mitigates the age effect and substitutes the size effect. This research concludes with theoretical and practical implications on management innovation.
Entrepreneurship as a creative cognition
  • - CHOI Min Gyeong (Korea Invention Promotion Association)
  • - YOON Sang Suk (Temple University)
[Abstract]
Seminal competence for being a successful entrepreneur is entrepreneurship. The aims of this study are to investigate underlying cognitive processes of entrepreneurial decision making and to introduce methods to measure those underlying processes. Especially, we investigated that what kind of cognitive traits and processes are associated with creativity in entrepreneurship. Based on the findings, we suggested implications for creativity of entrepreneur and entrepreneurship. For these purposes, (1) we introduced the basic concept of entrepreneurial process and entrepreneurship, (2) ed risk-taking and opportunity recognition as key factors of entrepreneurship, and (3) introduced the characteristics of risk-taking and opportunity recognition from cognitive psychology perspective. Lastly, we suggested redefined concept of entrepreneurship based on these findings. The results showed that risk-taking indicates that entrepreneurs use decision biases and heuristics more than general people; Opportunity recognition indicates that entrepreneurs create values by actively making new relations between objects. Implications and further research directions were discussed.
Analyzing the Influence Factors on Efficiency of Government-sponsored R&D Projects for Small and Medium Enterprise
  • - Suh Chang Juck (Sogang University)
  • - Lee Chan Hyoung (Sogang University)
[Abstract]
The purpose of this paper is to investigate the major factors causing technical efficiency of GSP(government-sponsored R&D project) and provide policy directions for improving the efficiency of the R&D investment in small and medium enterprise. This study estimated the efficiency of GSP considering the technological outcomes, using DEA(Data Envelopment Analysis) and used the Mann-Whitney Test to investigate the characteristics of governmental R&D investment. Results shows that firm age and size has no significant relationship with efficiency of the GSP but intellectual property right, R&D intensity and ratio of public subsidy on R&D budget significantly influences the technical efficiency of GSP. We also find that technology novelty has no significant relationship with efficiency of the GSP but type of technology has strong significant relationship. Unlike most previous studies, this study is implemented to assess the efficiency of GSP for small and medium enterprise using post DEA analysis and expected to contribute exploring the more efficient way of GSP management. Additionally, the approach presented in this study could be used as a valuable reference in actual evaluation of GSP.
The influence of negotiator¡¯s illusion of transparency on integrative negotiation outcomes: Negotiator¡¯s social motive as a moderator
  • - Jihye Park (Korea University Business School)
  • - Seungwoo Kwon (Korea University Business School)
[Abstract]
This study investigates effects of illusion of transparency, which means a negotiator overestimates that his or her internal states have already been detected by a negotiation partner in dyadic-negotiation settings. We hypothesize that there is a negative relationship between a negotiator¡¯s illusion of transparency and his or her negotiation outcomes (individual outcomes as well as joint outcomes), and negotiators¡¯ social motives (individualistic or cooperative) can work as a moderator in this relationship. Therefore, experiments were conducted by 118 university students, and they negotiated integratively about integrative, distributive. and compatible issues with others matched in random. As a result, a negotiator¡¯s illusion of transparency is negatively related to individual outcomes as well as joint outcomes. However, the interaction effect between a negotiator¡¯s illusion of transparency and his or her social motive is not shown in the level of statistical significance. Implications and limitations are discussed.
A Study on the Development of SME Export Business Index
  • - Maeng Chul Gue (Deputy Director at Trade Statistics Center)
[Abstract]
The economic contribution by Small and Medium-Sized Enterprises in the Korean economy is enormous as the proportion of the number of and employees in SMEs is over 99% and 87% respectively as of the year 2010. As the Korean economy's dependency on trades is over 90%, the importance of the exporting SME business is never to be overemphasized. Most existing local indicators for SMEs in Korea are mostly survey-based system. This research focuses on developing an alternative index for exporting SMEs based on real trade statistics collected through customs-clearance system, which could be a milestone for developing a brand-new economic indicator for SME¡¯s business cycle.
The Critical Success Factors on a Sharing Economy for SMEs
  • - Hyun Jong Kim (Dong A University)
  • - Hyung Rim Choi (Dong A University)
  • - Soon Goo Hong (Dong A University)
  • - Min Je Cho (Dong A University)
  • - Chang hyun Park (Dong A University)
  • - Kwang Rok Kim (Dong A University)
[Abstract]
The newly emerged sharing economy can be utilized as a measure to solve several problems such as technical competitiveness, capital and human resources faced by SMEs. The sharing economy for companies is to jointly invest or to lend idle resources possessed by individual companies or resources expected to idle if possessed individually. Expected effects include cost reduction, resource saving, improvement of negotiation and reliability through the sharing economy. However, to successfully introduce sharing economy for companies, studies have to be preceded regarding success factors and realization plans of the sharing economy to successfully introduce sharing economy for companies. In this regard, this study aims to deduce the success factors to realize sharing economy and to present the plans to introduce sharing economies for companies based on this. This study carried out researches using Delphi technique on companies and groups who experienced joint projects or cooperation in similar concept as the sharing economy as well as professionals of institutions related to SMEs, in order to deduce success factors. This study is the initial study in this area and is expected to invite subsequent and follow-up studies by deducing the success factors and implementation plans for realization of the sharing economy for SMEs
An Empirical Research on Risk Evaluation Model and Forecasting of SMEs
  • - Kwak Dong Chul (ndustrial Bank of Korea)
[Abstract]
It is not easy to evaluate a risk of SMEs by the same criteria. Because this approach method can be applied to calculate the risk evaluation rating and accuracy of the prediction to the each company, this research is expected to provide useful information to the supervisory authority as well as financial institution. Risk Evaluation Model of this research consists of the elements such as composite rating system, principal component analysis etc and risk evaluation rating is calculated by the company¡¯s financial variables which includes information about the level of risk. The results of an empirical analysis on SME from 2000 to 2011, firm-specific risk evaluation rating seems to be generally increasing in 2002, but it shows decrease 2003 credit card crisis period. It generally increases after 2003, but it starts to decrease due to the sub-prime mortgage crisis at the end of 2007 and the global financial crisis of 2008. It needs to be figured out and monitored with similarity and dissimilarity on global economic trend and the change in risk evaluation level of the company. Also from a accuracy of the prediction point of view, forecasting model shows default prediction power model¥± is higher than that of model¥° as the average 0.6197 0.6043. The model including macroeconomic effects has shown better result, this can help verify whether certain companies exposure to macroeconomic risk shocks. This paper has a valuable meaning because the empirical research of SMEs default frequency which is considering both financial and macroeconomic variable is very rare. To set up the risk evaluation and forecasting level, the model which is recommended in this research is based on several simple assumptions and it is able to improve the suitability of model if sample period is expended.
A Study on the Economic Effects of Supply Chain Finance(SCF) through the Win-Win Payment System
  • - Young S Park (Sogang University)
  • - Jaehyun Lee (Soongsil University)
  • - Dae Sik Kim (Hanyang University)
  • - Kang Baek (Sogang University)
[Abstract]
This study analyzed the economic effects of bringing supply chain
finance(SCF) framework in subcontract transactions using theoretical
modeling and numerical analysis. This is expected to provide implications
for improving efficiency of introducing supply chain finance(SCF) based on
a "win-win" mentality.
Recently the alternative measures of commercial bill like an electronic
account receivable(AR) is limited to buying companies and their tier 1
subcontractors whose credit rating is high, despite the government efforts
to vitalize it. So the rest below tier 2 in supply chain liquidates the account
receivables at a highly discounted price or is forced to an underground
money market.
Therefore we proposed the "win-win payment" system in subcontract
transactions to mitigate the difficulties faced by small and medium sized
companies through extending the reverse factoring mechanism below the
level of tier 2. This granting of credit supports to decrease the cost of
capital and creates new incentive structures for suppliers to improve their
quality. So the buyers expect to increase their sales. This approach is
differentiated from the previous studies which mainly focused on the
optimization of cost of capital at the entire supply chain.
By adopting new payment system, suppliers strengthen their financial
solvency and business continuity. Also buying companies raise the efficiency in supply chain management and increase the expected profits.
And as the probability of a cascade of bankruptcies is reduced, the
economic stabilization will be realized.
CRM adoption and application in furniture industry based on ERP: i-EUC (End User Computing) of Hanssem Interior
  • - JoongHo Ahn (Seoul National University)
  • - Jaehong Lee (Seoul National University)
  • - Charles Kim (Seoul National University)
  • - Jioh Kim (Seoul National University)
[Abstract]
Furniture is a product that has a long usage period and little need for maintenance, so the furniture industry in the past did not consider consumer repurchase behavior in their company management. Moreover, because the replacement cycle is long and customers lack frequent purchase activities, customer loyalty has not been important and customers did not show high preference for specific brands.
Analysis of Entrepreneurship Education Center Operating Status and Survey
  • - Kim Yong Tae (Chung-Ang University)
  • - Lee Woo Jin (Chung-Ang University)
[Abstract]
Recently our new government has presented the realization of 'Creative Economy' as a
primary goal of the state administration through encouraging start-ups and ventures.
Activation of entrepreneurship and entrepreneurship education is an important task for a
national job creation and entrepreneurship activation policy. Since 2012, as a mid and long
term project, the Korea Ministry of Education, Science and Technology has led to activate
creative entrepreneurship, entrepreneurship education and entrepreneurial culture within
university by installing entrepreneurship centers respectively in 61 universities.
In this study, we provide future entrepreneurship improvement subject and policy
implication through the case analysis of entrepreneurship center operation and management.
In order to achieve the research purpose, we will examine the program and condition of
successful entrepreneurship centers in overseas universities and explore the factors that can
enhance domestic entrepreneurship center development and operational effectiveness by
analyzing 61 university-entrepreneurship center survey.
First, primary research was conducted through survey focusing on organization and
operation of centers, entrepreneurship education, startup support for students and
entrepreneurship culture activation to proceed with comparative analysis. Through this case
study, we expect to be able to derive policy implications for the effective operation of
entrepreneurship center and the nurture of creative entrepreneurial young generation.
International Analysis of University Students' Entrepreneurial Intentions : A Four Countries Comparison
  • - Jong woon Kim (Global Business Department Hannam University)
[Abstract]
This paper aims to identify determinants of entrepreneurial intentions among young people in four countries. We have used a revised Entrepreneurial Intention Questionnaire including personal traits, demographic characteristics, the three factors of the Theory of Planned Behavior, and entrepreneurial intentions. The empirical basis is formed by surveys among Chinese, Korean, Israel, and the US university students. The main objective is to compare the impact of different economic and cultural contexts. In the total sample, there are strongly significant and positive relationships between the three TPB factors and entrepreneurial intentions. In individual samples, however, there is one factor in every country which is not significant. Gender, major, and family member's business experience have significant impacts, while academic year and motivation to be an entrepreneur have no significant impact. Generally, the level of entrepreneurial intentions are significantly higher among Israel and Korean students than Chinese and the US students.
RELATIONSHIP AMONG THE EFFECTS OF MOTIVATIONS, THE CRITICAL SUCCESS AND BUSINESS PERFORMANCE ON FEMALE –OWNED BUSINESSES: A STUDY OF MYANMAR FEMALE ENTREPRENEURS
  • - Sang Suk Lee (Kangnam University)
[Abstract]
Myanmar is bordered by India, China and is one of the Buddhist countries in the South East Asia. In comparison with women in East and South Asia, it is known that women in Southeast Asia enjoy high status. Women‟s high status in domestic and public spheres is more likely to be related to the women‟s role of the family culture in societies where they live, even though it is not always. The concept of women‟s status is frequently used interchangeably with some alternative terms such as female autonomy, female dependency, women‟s right, gender inequality, and etc. Some studies have focused on ¡°women‟s power or freedom from control (Mason, 1983)¡± and ¡°women‟s control of resources, either material or nonmaterial (Mason, 1983)¡± within the family and business societies. Therefore, we need to examine whether women in Southeast Asia, especially women in Myanmar, have more power and respect than men in the family and owned business.
Responses to a specially developed survey of 160 randomly ed women business owners from the membership of Myanmar women Entrepreneurs Association and private women businesses. Measures of entrepreneurial motivation were derived from the responses and tested using Amos. Business performance was measured by improvement of sales and profitability by the subjects. Each of two measures of entrepreneurial motivation (personal quality & challenge and competency for achievement) were found to affect the success of business as did the critical success factors (family support and knowledge, personal skills and product & service
competency and Finance & Technological opportunities).
A Study on the Impact of HRM Practices on Organizational Performance in Chinese Enterprises : Focused on Moderating Effects of CEO¡¯s Support
  • - Jaehoon Rhee (Yeungnam University)
  • - XIAOFEI ZHAO (Yeungnam University)
[Abstract]
As there is a growing concentration on investigating the relationship between HR
practices and organizational performance, but limited researches are lack of providing
the abundant evidence to support their relationship with considering of the
moderating effects of CEO¡¯s support. This research demonstrates on whether HR
practices' various of activities positively influence on organizational performance
and whether CEO¡¯s support moderates the relationship between HR practices and
organizational performance by surveying 215 enterprises of those who are located
in China. Research findings indicate a positive association between HR practices
and organizational performance and verified moderating effects of CEO¡¯s support
on the relationship between HR practices and organizational performance. This
research is the first to attempt to discover the role of CEO¡¯s support in moderating
the relationships between HR practices and organizational performance in
China.
Analysis of the Patent Dispute Cases of Korean High-Tech Small Firms
  • - Yoo Jin Han (School of Global Service Sookmyung Women¡¯s Univ)
[Abstract]
Patent disputes among small and medium-sized enterprises (SMEs) have increased
as fiercer competition rises among firms. Generally, these disputes are
categorized either by subject or by content. Based on the former criterion, a
quadripartite classification can be considered: the battle between two SMEs,
between an individual and an SME, between a large domestic firm and an SME,
and between a global firm and an SME. Based on the latter criterion, a bifurcated
categorization is generally adopted: a damage suit for the infringement of
a patent right and an administrative lawsuit claiming the annulment of a patent
right. However, with insufficient exemplary evidence dealing with Korean SMEs
as regards patent disputes, managerial practitioners have had limited access to
obtaining useful strategic implications. Therefore, the purpose of this research
is to present real-world evidence regarding patent disputes among SMEs and
to suggest managerial recommendations for each case. Among the numerous
patent dispute cases, four examples, namely, the litigations between eTomato
vs. Euracle, an individual vs. Edinet, Seo-O Telecom vs. LG Telecom, and
Baeksan OPC vs. Canon are introduced and used as bases for analyzing the
commonalities and idiosyncrasies among the ed cases.