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An Analytic Study on the Value Chain Integration and Investment Model for TFT-LCD IndustryChen, Ching-Chien 22 August 2011 (has links)
This thesis presented an empirical study exploring the performance of TFT-LCD industry through vertical integration in value chain. Statistical analysis methods were adopted to examine the performance of TFT-LCD industry. The following theories of the profit pool and DuPont financial analysis approach, supplemented by competitive strategies, vertical integration, value chain and profit pool theory literature, from the industry overview and key aspects of the value chain Profit distribution and changes in the degree of value chain integration impact on the profitability of panel makers.
In this research, we focused on the different segment of the TFT-LCD value chain (color filters, polarizers, backlight module, driver IC and panel manufacturing). We used three financial performance indices of these companies between 2005 and 2009,namely ROE (Return on Equity; ROE), return on total assets (Return on Asset; ROA), operating margin (Return on Sales; ROS) such as most scholars commonly used financial indicators as measurement tools observe all aspects of the value chain profit changes. Finally from the perspective of profit pool and vertical integration strategies to examine whether TFT-LCD panel manufacturers could use an integration strategy as a way to improve their performance on operating profit margin and lower the risk.
The results are as follows: the value of different levels of vertical integration, panel makers will do the performance of the operating profit margin have different effects, with the active dwell Taiwan¡¦s TFT-LCD industry up the value chain integration, is indeed closer to or exceed the Korea TFT-LCD maker, but with the TV panel sales with a gradual increase in the proportion of the panel sales , sales channel became a key factor in whether or not profitable. Therefore, the panel makers may be able to consider more closer cooperation with the player of home appliance industry and downstream continuing down the value chain to make the direction of integration efforts.
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The Digital Subcontractor : Leveraging Digital Technology by Strategic Adoption / Den digitala maskinentreprenören : Strategiskt införande av digitala verktyg för en stärkt position i värdekedjanKling, Alexander, Virta, Daniel January 2019 (has links)
Many industries are today facing the possibilities and challenges arising with an increasingly digitalised world. One such is the scantily studied industry of earth-moving contractors that today stands in front of an increasing amount of digital technologies, which may have the possibility to assist firms in their earthwork operations. However, there are indications that many firms tend to experience difficulties to beneficially adopt or see the potential of utilising these digital technologies. Hence, many firms tend to undertake an adoption approach that is associated with high client dependency and a less beneficial unsustainable subordinated position within the industry’s value chain. The purpose of this study has thus been to explore how the technological, organisational and external elements affect earth-moving contractors’ opportunity to adopt and utilise digital technologies in their operations. Moreover, the study has aimed to contribute with the understanding and knowledge of how the adoption of digital technology can be used to strengthen Swedish contractors’ position in the earth-moving industry’s value chain and in the end, aid the country’s sociotechnical development. The findings of the study are based on an explorative multiple case study approach and extensive review of literature. The results suggest that the extent to which adoption and utilisation of digital technologies differs among different earth-moving firms. Three of the five studied companies are considered as digital forerunners which have been able to leverage digital technologies to increase efficiency in their operations. In the case of two of these firms, the adoption of digital technology has enabled them to transform their whole businesses and partake in an increased and more beneficial role within the value chain. Further, the analysis of the findings indicates that the difference in adoption is affected by several factors related to a continuous interaction between (1) the internal aspects of the organisations, (2) the external context of the firms and (3) if the technical features of the digital technologies are perceived as compatible and beneficial for, the current business process and strategy. The thesis contributes to academia with explorative findings within a scarcely studied industry in general and, regarding digital technology adoption in particular. Additionally, the study provides examples of the previously unrecognised industry-dynamic phenomena of value chain integration by earth-moving contractors. These findings could have implications for the whole construction sector in Sweden. Lastly, the study exemplifies opportunities and barriers crucial for the adoption and implementation of digital technologies within smaller project-based organisations. / Många branscher och industrier idag står inför utmaningarna och möjligheterna som uppstår i en allt mer digitaliserad värld. Ett tydligt exempel är maskinentreprenadsbranschen som idag ställs inför valet att införa nya och alltmer avancerade digitala verktyg som har möjlighet att främja deras operativa verksamheter. Dock finns indikationer att många företag har svårigheter att tillämpa och anamma dessa verktyg på ett gynnsamt sätt och är beroende av deras kunders agerande för aktivering av dessa. Studiens syfte har således varit att undersöka hur relationen mellan teknologiska, organisatoriska och externa faktorer påverkar maskinentreprenörernas möjligheter att aktivera och nyttja digitala teknologier i deras operativa verksamheter. Vidare har studien varit ämnad åt att bidra till en ökad förståelse och kunskap för hur digitala teknologier kan användas för att stärka maskinentreprenörernas position i värdekedjan för att slutändan främja Sveriges sociotekniska samhällsutveckling. Rapportens resultat bygger på en explorativ flerfallsstudie samt en gedigen litteratursökning. Resultaten visar på skillnader i hur digitala tekniker har tillämpats och används bland olika maskinentreprenörer. Tre av studiens fem fallföretag är digitalt framstående och har strategiskt tillämpat digital teknik som gett upphov till kraftig effektivitetsökning. Två av dessa företag har dessutom lyckats med en gynnsam ompositionering i värdekedjan som dessa befinner sig i, som ett resultat av anammandet av ny digital teknik. Vidare påvisar studiens analys av resultaten att möjligheten för aktivering av digitala teknologiska innovationer påverkas av ett kontinuerligt förändrande samspel mellan (1) maskinentreprenörernas organisatoriska egenskaper, (2) externa omständigheter samt (3) huruvida den digitala teknologins tekniska attribut uppfattas som kompatibla och fördelaktiga med nuvarande affärsverksamhet och strategi. Rapporten bidrar akademiskt med värdefull och explorativ empiri till en industri med en bristande mängd av forskning generellt, och i synnerhet gällande utnyttjandet samt tillämpandet av nya digitala teknologier. Dessutom bidrar studien med exempel och insikter om ett industridynamiskt fenomen, som tidigare ej uppmärksammats, i form av maskinentreprenörers förmåga att förflytta sig i värdekedjan. Dessa strukturella förändringar kan få konsekvenser för den svenska byggindustrin. Slutligen exemplifierar studien avgörande möjligheter och barriärer för införandet av digitala teknologier i mindre projektbaserade organisationer.
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