scholarly journals IT Adoption and Sustainable Growth of Firms in Different Industries—Are the Benefits Still Expected?

2020 ◽  
Vol 12 (22) ◽  
pp. 9689
Author(s):  
Inha Oh ◽  
Dongnyok Shim
Keyword(s):  
Manufacturing Industry ◽  
Service Industry ◽  
Information Service ◽  
Sustainable Growth ◽  
Female Employment ◽  
It Adoption ◽  
Industrial Sectors ◽  
Service Sectors ◽  
It Applications ◽  
Activity Survey

This study uses data from the Korea business activity survey panel from 2008 to 2016 to examine the effects on the sustainable growth of firms that initially adopted Information Technology (IT) applications during 2010 to 2012 compared to those that did not. The effects are examined for four years after adoption and divided into areas such as sales, labor productivity, profitability, increases in male and female employment, wages, and exports. Because the effects of IT adoption are known to vary greatly depending on the industry, the manufacturing industry is divided into traditional, medium-tech, and hi-tech manufacturing, and the service industry is divided into the materials service and information service sectors; the effects on each sector are then observed. In addition, the propensity score matching methodology is used to overcome selection bias arising from a simple comparison between firms that began using IT and firms that did not. The results show that, although there was little impact on productivity, there were impacts on sales and employment and large differences were found between the industrial sectors.

scholarly journals A systematic literature review of implementation six sigma in manufacturing industries

2020 ◽  
Vol 12 (3) ◽  
pp. 319
Author(s):  
Indra Setiawan ◽  
Humiras Hardi Purba ◽  
Fransisca Debora
Keyword(s):  
Literature Review ◽  
Six Sigma ◽  
Manufacturing Industry ◽  
Service Industry ◽  
Manufacturing Industries ◽  
Industrial Sectors ◽  
Long Time ◽  
Training And Research ◽  
And Control ◽  
Six Sigma Approach

The Six Sigma approach has received a lot of attention in various industrial sectors from the manufacturing industry to the service industry. More specific knowledge about Six Sigma has grown rapidly. Much of the training and research on Six Sigma is carried out in various industries and university. This literature review related to Six Sigma purpose to provide an overview of Six Sigma implementation in the manufacturing industries.  The Six Sigma approach that has been introduced and implemented for a long time is DMAIC (Define, Measure, Analyze, Improve, and Control). This paper discusses the published literature related to Six Sigma ranging from 2015 to 2020. This paper involves the study review of 50 papers related to the implementation of Six Sigma of known database search including Elsevier, Science Direct, Emerald Insight and Google Scholars. This literature review contains results from a variety of different perspectives. The perspective includes the focus of the industry, the focus of the number of distribution by country, the focus of the year of publication and the focus of the number of publishers. In fact, this is useful for all types of manufacturing industries to find solutions to problems. The paper also provides advantages for researchers next to add to the literature.

scholarly journals FDI and Economic Performance of Firms in India

2020 ◽  
Vol 8 (1) ◽  
pp. 44-74
Author(s):  
Keshab Bhattarai ◽  
Vipin Negi
Keyword(s):  
Economic Performance ◽  
Manufacturing Industry ◽  
Foreign Capital ◽  
Sustainable Growth ◽  
Jel Codes ◽  
Industrial Sectors ◽  
Doing Business ◽  
Domestic Capital ◽  
Ease Of Doing Business ◽  
Per Capita

FDI contributed positively to sales, profit, employment and wages of firms in India from 2004 to 2018. Foreign capital is complementing domestic capital well embodying technology and innovations required for expansion of domestic firms in it. Foreign promoters have played quite significant economic roles among firms across production sectors in manufacturing industry in India. Besides sales, total expenses, managerial remunerations and corporation taxes, involvement of foreign promoters are statistically significant determinants of profits, employment and wages among firms across all seven sectors of the manufacturing industry is clear from analysis of the Prowess database for years 2004, 2008, 2012 and 2014. These effects were even stronger in each of Modi–I years between 2015-2019 that followed the Make in India initiative in 2014. Reforms including the outright 100 per cent ownership provision in the automatic route in most industrial sectors have produced good outcomes that have not only raised the volume of FDI per capita from around 16 dollars in 2000 to 285 dollars in 2018 but also raised the global ranking of India to 63 out of 190 economies in 2019 on the ease of doing business, putting India 79 places above now than in 2014. Based on theoretical and empirical analysis it can be concluded that good sentiments of FDI in India in Modi–II years started in 2019 will prevent diminishing returns on capital and contribute towards sustainable growth in coming years. JEL Codes: F21, F23, F14, J31, O53

scholarly journals Impact of Innovation Culture, Organization Size and Technological Capability on the Performance of SMEs: The Case of China

2020 ◽  
Vol 12 (4) ◽  
pp. 1355
Author(s):  
GuoXiang Tang ◽  
Kwangtae Park ◽  
Anurag Agarwal ◽  
Feng Liu
Keyword(s):  
Firm Performance ◽  
Manufacturing Industry ◽  
Service Industry ◽  
Technological Capability ◽  
Service Industries ◽  
Organization Size ◽  
Innovation Culture ◽  
Rapid Economic Growth ◽  
Service Sectors ◽  
Apply Regression Analysis

Small and medium-sized enterprises (SMEs) in both the manufacturing and service sectors have been viewed as an important driving force behind the rapid economic growth in China. There are multiple factors that drive the success of SMEs. In this paper, we study the effect of innovation culture, technological capability, and organization size on the performance of SMEs in China. We hypothesize that firm performance is positively affected by each of these factors. We use data from 1124 SMEs in China and apply regression analysis to test our hypotheses. We find that technological capability and organization size have a statistically positive effect on the performance of SMEs. Because manufacturing and service industries have distinct characteristics, we also compare the effects of these factors on firm performance within these industries. We find that technological capability is positively and statistically significantly related to firm performance in the manufacturing industry but not in the service industry, while innovation culture is positively and statistically significantly related to firm performance in the service industry but not in the manufacturing industry.

scholarly journals Prospects of competitive process innovation business in Brazil: critical factors for competitiveness, productivity and growth

2017 ◽  
Vol 8 (3) ◽  
pp. 976 ◽  
Author(s):  
Kátia Keiko Kitaguti ◽  
Fábio De Resende Shimura ◽  
José Carlos Jacintho
Keyword(s):  
Critical Factor ◽  
Economic Thought ◽  
Sustainable Growth ◽  
Critical Factors ◽  
Economic Sectors ◽  
Global Context ◽  
Industrial Sectors ◽  
Service Sectors ◽  
Unique Factor ◽  
The Difference

The economic conditions of recent times require a structural changing and, mainly, behavioral ones of Brazilian business. The scenario created by big economic powers shows the difference between Brazilian industries and service sectors when it is compared business issues, for example, competitiveness, productivity and innovation, with others countries. The technological innovation consists in a critical factor for competitiveness and for the global economic development; moreover, it can be found in industrial sectors (responsible for materialization and organization of operational system of production process) and in service sectors (which make planning of the contracted activity). Innovation should not be included only in these two economic sectors; however, it has to be included in the economic thought of countries. It has to be highlighted the fact that innovation is not the unique factor of competitiveness, but, productivity and knowledge make the same impact in competitiveness as innovation does. Besides, external and internal demands predict trends in terms of searching products, process an strategies, which can promote a better interaction between market and productivity control. In a global context, Brazil, specially, has a lot of techniques to learn in terms of how to use its resources in a adequate way, independently if they are natural or not. That is why studies about critical factors for competitiveness are determined for the Brazil's sustainable growth.

Sectoral Analysis of Foreign Direct Investment in India During First Generation Reform Period

2015 ◽  
Vol 4 (2) ◽  
Author(s):  
Manoj Kumar Sinha
Keyword(s):  
First Generation ◽  
Correlation Matrices ◽  
Foreign Investors ◽  
Industrial Policies ◽  
Sectoral Analysis ◽  
Industrial Sectors ◽  
Reform Period ◽  
Service Sectors ◽  
Almost All ◽  
Rank Dominance

Since 1991, India has cautiously and slowly opened almost all the sectors, except a few related to strategic importance, for foreign investors. Degree of openness of various industrial sectors for FDI has been increased to the extent of 100 percent by consistently liberalizing industrial policies of the sectors. The purpose of the paper is to study pattern and trends of sectoral distribution of FDI within the background of the first generation reforms and liberalized industrial policies during 1991-2001. The paper has used series of the dynamics and stylistic indices and statistical tools such as three level indices, index of rank dominance, and correlation matrices for explaining the pattern of FDI distribution across sectors during 1991-2001. The results show that electrical, transportation, chemical, telecommunication, and service sectors are most dominating sectors and represent almost 75 percent of total FDI received during 1991-2001. Index of rank dominance indicates distribution of FDI across the sectors is top heavy.

scholarly journals A Bayesian Control Chart for Monitoring Process Variance

2021 ◽  
Vol 11 (6) ◽  
pp. 2729
Author(s):  
Chien-Hua Lin ◽  
Ming-Che Lu ◽  
Su-Fen Yang ◽  
Ming-Yung Lee
Keyword(s):  
Service Quality ◽  
Control Chart ◽  
Manufacturing Industry ◽  
Industrial Revolution ◽  
Service Industry ◽  
Service Process ◽  
Time Varying ◽  
Exponential Process ◽  
Free Process ◽  
Process Variance

Automation in the service industry is emerging as a new wave of industrial revolution. Standardization and consistency of service quality is an important part of the automation process. The quality control methods widely used in the manufacturing industry can provide service quality measurement and service process monitoring. In particular, the control chart as an online monitoring technique can be used to quickly detect whether a service process is out of control. However, the control of the service process is more difficult than that of the manufacturing process because the variability of the service process comes from widespread and complex factors. First of all, the distribution of the service process is usually non-normal or unknown. Moreover, the skewness of the process distribution can be time-varying, even if the process is in control. In this study, a Bayesian procedure is applied to construct a Phase II exponential weighted moving average (EWMA) control chart for monitoring the variance of a distribution-free process. We explore the sampling properties of the new monitoring statistic, which is suitable for monitoring the time-varying process distribution. The average run lengths (ARLs) of the proposed Bayesian EWMA variance chart are calculated, and they show that the chart performs well. The simulation studies for a normal process, exponential process, and the mixed process of normal and exponential distribution prove that our chart can quickly detect any shift of a process variance. Finally, a numerical example of bank service time is used to illustrate the application of the proposed Bayesian EWMA variance chart and confirm the performance of the process control.

New product and emerging business growth in Kwara State

2016 ◽  
Vol 12 (3) ◽  
pp. 207-227 ◽  
Author(s):  
Seun Oladele ◽  
Femi Oladele
Keyword(s):  
Market Share ◽  
Manufacturing Industry ◽  
Service Industry ◽  
New Product ◽  
Sales Volume ◽  
Test Results ◽  
Business Growth ◽  
Content Type ◽  
Product Service ◽  
Service Portfolio

Purpose – The purpose of this paper is to examine the effect of new product on growth of emerging businesses (EBs) through sales volume and market share. Design/methodology/approach – The study surveyed 137 EBs in Kwara State. Two hypotheses were formulated and tested using correlation and regression analyses. Findings – Results show that service industry is dominant among EBs while the manufacturing industry trails. Many EBs are aware of the complexities of new product, its development and contribution to increasing sales volume, market share and ensuring competitive advantage with apparent infrastructural deficiencies. Test results show that there is a significant positive relationship and effect on sales volume and market share. Originality/value – Encouraging EBs to step up and focus on improving product/service portfolio to transform their fortune is explored giving focus to the benefits of increasing sales volume and market share.

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