An Empirical Research on the Effect of the Environmental Adaptation and the Implementation of Strategies on the Business Performance in Korean Shipping Companies

Kim, Myung-Jae; Nam, Jin Hyun; Ki-Myung, Ahn

doi:10.5394/kinpr.2010.34.8.659

Journal of Korean navigation and port research

2010

DOI: 10.5394/kinpr.2010.34.8.659

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An Empirical Research on the Effect of the Environmental Adaptation and the Implementation of Strategies on the Business Performance in Korean Shipping Companies

Myung-Jae Kim¹,

Jin Hyun Nam²,

Ahn Ki-Myung³

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Cited by 3 publications

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A Study on the Rational Decision-Making Process of Vessel Organization—Focusing on Cases of Vessel Accidents

Kim,

Lee

2024

Sustainability

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Vessel organizations are exposed to the risk of accidents due to the limited experience and intuition of the top decision makers in the organization in the special environment of the sea. This study aims to provide a direction for sustainable and rational decision-making in vessel organization through decision making process theory and case studies of actual vessel accidents. The results obtained from the actual case studies show that all three vessel accidents were caused by the arbitrary decision of the decision maker based on the Garbage Can model. This can be attributed to the closed nature of the vessel’s organization, which requires a decision-making process that is a hybrid of the Carnegie Decision model and Management Science model. Implications include the introduction of a ‘My Ship’ system, the de-subjectivization of top decision makers, situational awareness, and the need to provide top decision makers with the context and information relevant to their decisions. Limitations of this study include the fact that the case study was conducted only on Korean-flagged vessels and the study was limited to vessel accidents that occurred in the waters off Korea, China, and Japan, which limits the generalizability of the findings. In order to overcome these limitations, it would be interesting to conduct a follow-up study to include vessel accidents of different nationalities or to further investigate the characteristics of the decision-making process in vessel accidents by country.

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A Study on the Rational Decision-Making Process of Vessel Organization—Focusing on Cases of Vessel Accidents

Kim,

Lee

2024

Sustainability

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A Study on the Factors Influencing Cargo Volume of Small & Medium Container Port in Korea

Park¹,

Nam²,

Kang³

2015

Journal of Navigation and Port Research

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: Port is responsible for the important role that creates a lot of value-added export and import-intensive countries, critical infrastructure, and in the national economy. Despite being an important facility for the past, awareness of the port is insufficient; In 2000s, increasing the world container traffic volumes, China's economic development, and trade volume in the Northeast Asia to generate a lot of are changing the perception of the role and importance of the port. According to the review of the master plan and the port recognition in Korean Port, this study examines determining factors which affects the port cargo volume. The target of the study is domestic small and medium-sized container port that receives a large hinterland cargo volume, excluding the impact of the Global Hub Port like Busan and Gwangyang port. Factors that affect the multiple regression analysis result of the port cargo volume are berthing capacity, degree of activation, connection number of countries, GRDP and number of manufacturers.

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An Empirical Study on the Effect of Business Environment and Competitive Strategy on Business Performance in Shipping Company

Lee¹,

Kim²

2016

Journal of Navigation and Port Research

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An Empirical Research on the Effect of the Environmental Adaptation and the Implementation of Strategies on the Business Performance in Korean Shipping Companies

Cited by 3 publications

References 3 publications

A Study on the Rational Decision-Making Process of Vessel Organization—Focusing on Cases of Vessel Accidents

A Study on the Rational Decision-Making Process of Vessel Organization—Focusing on Cases of Vessel Accidents

A Study on the Factors Influencing Cargo Volume of Small & Medium Container Port in Korea

An Empirical Study on the Effect of Business Environment and Competitive Strategy on Business Performance in Shipping Company

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