{"id":2223,"date":"2020-05-28T18:32:58","date_gmt":"2020-05-28T09:32:58","guid":{"rendered":"https:\/\/bcgblog.kr\/?p=2223"},"modified":"2020-06-04T16:30:41","modified_gmt":"2020-06-04T07:30:41","slug":"how-vital-companies-think-act-and-thrive","status":"publish","type":"post","link":"https:\/\/bcgblog.kr\/how-vital-companies-think-act-and-thrive\/","title":{"rendered":"\ud65c\ub825\uc801 \uae30\uc5c5\uc774 \uc0dd\uac01\ud558\uace0 \ud589\ub3d9\ud558\uba70 \uc131\uacf5\ud558\ub294 \ubc95"},"content":{"rendered":"
\u201c\ud65c\ub825\uc740 \uc9c0\uc18d\ud558\ub294 \ub2a5\ub825\ubfd0\ub9cc \uc544\ub2c8\ub77c \ub2e4\uc2dc \uc2dc\uc791\ud558\ub294 \ub2a5\ub825\uc5d0\uc11c\ub3c4 \ub098\ud0c0\ub09c\ub2e4.\u201d <\/em> \u201c\ub300\uaddc\ubaa8 \uc870\uc9c1\uc5d0\uc11c\ub3c4 \ucd08\ucc3d\uae30\uc758 \ud65c\ub825\uc744 \uc720\uc9c0\ud558\ub824\uba74 \uc5b4\ub5bb\uac8c \ud574\uc57c \ud560\uae4c?\u201d <\/em> \uc120\ub3c4 \uae30\uc5c5\ub4e4\uc740 \uaddc\ubaa8, \uc9c0\uc2dd, \uc601\ud5a5\ub825, \uc7ac\uc815\uc801 \uc548\uc815 \ub4f1 \ub098\ub984\uc758 \uc7a5\uc810\uc744 \uac00\uc9c0\uace0 \uc788\ub2e4. \uadf8\ub7ec\ub098, \uc6b0\ub9ac\uc758 \uc5f0\uad6c\uc5d0 \ub530\ub974\uba74, \uc2dc\uac04\uc774 \uc9c0\ub098\uace0 \uc131\uc7a5\ud560\uc218\ub85d \uae30\uc874\uc758 \uae30\uc5c5\ub4e4\uc740 \uc810\uc810 \ub354 \ub0b4\ubd80\uc801 \ubb38\uc81c\uc5d0 \uc8fc\ub825\ud558\uac8c \ub418\uace0 \uae30\uc874 \uc0ac\uc5c5\uacfc \uc811\uadfc\ubc29\uc2dd\uc5d0\uc11c \ubc97\uc5b4\ub098\uae30 \uc5b4\ub824\uc6cc\uc9c0\uba70 \uc810\uc9c4\uc801\uc73c\ub85c \ube44\uc988\ub2c8\uc2a4\uc758 \uc7ac\ucc3d\uc870\ubcf4\ub2e4\ub294 \uc6b4\uc601\uc5d0 \uc6b0\uc120\uc21c\uc704\ub97c \ub450\uac8c \ub41c\ub2e4. \ube44\uc804\ud1b5\uc801 \uacbd\uc7c1\uc0ac, \uc640\ud574\uc801 \uae30\uc220, \uc0c8\ub85c\uc6b4 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\ub4e4\uc740 \uae30\uc5c5\uc758 \uc7ac\ucc3d\uc870\ub97c \ud575\uc2ec \uc6b0\uc120\uc21c\uc704\ub85c \uc0bc\uace0 \uc788\ub2e4.<\/p>\n \uae30\uc874\uc758 \uc120\ub3c4 \uae30\uc5c5\ub4e4\uc740 \uc5b4\ub5bb\uac8c \ud558\uba74 \ud65c\ub825\uc744 \uc720\uc9c0\ud558\uc5ec \uc131\uc7a5, \ub9ac\uc2a4\ud06c \ud14c\uc774\ud0b9, \ud601\uc2e0, \uc7a5\uae30\uc801 \uc131\uacf5\uc744 \uc704\ud55c \uc5ed\ub7c9\uc744 \uc720\uc9c0\ud558\uace0 \uac1c\ubc1c\ud560 \uc218 \uc788\uc744\uae4c? \uae30\uc5c5 \ud65c\ub825\uacfc \uae30\uc800 \ub3d9\uc778\uc5d0 \ub300\ud55c \uc815\ub7c9\uc801 \ucc99\ub3c4\ub97c \ucc3d\ucd9c\ud568\uc5d0 \uc788\uc5b4, \uc6b0\ub9ac\ub294 \ub2e8\uae30\uc801 \uc131\uacfc \uc2e4\ud604\uacfc \ubbf8\ub798\uc5d0 \ub300\ud55c \ud22c\uc790 \uc0ac\uc774\uc758 \uade0\ud615\uc744 \uad00\ub9ac\ud558\uae30 \uc704\ud55c \uc8fc\uc694 \uc694\uc18c\ub4e4\uc744 \ub2e4\ub8e8\ub294 \uc2e4\ubb34\uc801 \ud2c0\uc744 \uc81c\uacf5\ud558\uace0\uc790 \ud55c\ub2e4. \uae30\uc5c5\uc758 \ud65c\ub825\uc744 \uc720\uc9c0\ud558\ub294 \uc694\uc778\uc5d0\ub294 \uc870\uc9c1, \uc7ac\ubb34, \ubb38\ud654\uc801 \uc694\uc18c\ub4e4\uc774 \uc788\uc73c\uba70 \uc774\ub4e4\uc740 \uc11c\ub85c\ub97c \uac15\ud654\uc2dc\ud0a8\ub2e4.<\/p>\n \ub3c4\uc804\uacfc\uc81c\ub294 \uac04\ub2e8\ud558\ub2e4. \uc131\uc7a5\uc740 \uc9c0\uc18d\uc801\uc778 \uac00\uce58 \ucc3d\ucd9c\uc5d0 \ud544\uc218\uc801\uc774\ub77c\ub294 \uac83\uc774\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c, \uae30\uc5c5\uc740 \ube44\uc6a9\uc774\ub098 \uc790\uc0b0\uc744 \ucd5c\uc801\ud654\ud558\uac70\ub098 \ud22c\uc790\uc790\uc758 \uae30\ub300\ub97c \ub192\uc784\uc73c\ub85c\uc368 \uac00\uce58\ub97c \ucc3d\ucd9c\ud560 \uc218 \uc788\ub2e4. \uadf8\ub7ec\ub098, \uc7a5\uae30\uc801\uc73c\ub85c \uac00\uc7a5 \ud070 \uac00\uce58\ucc3d\ucd9c\uc740 \ub9e4\ucd9c \uc131\uc7a5\uc5d0 \uae30\uc778\ud558\uba70, \uc774\ub294 \uc9c0\ub09c 10\ub144 \uac04 S&P 500\uc758 Top Quartile(\uc0c1\uc704 25%) \uc131\uacfc \uae30\uc5c5 \ucd1d\uc8fc\uc8fc\uc218\uc775\ub960\uc758 74%\ub97c \ucc28\uc9c0\ud55c\ub2e4. (\ubcf4\uae30 1 \ucc38\uc870.)<\/p>\n \uc815\uce58\uc801, \uc0ac\ud68c\uc801, \uae30\uc220\uc801 \ubd88\ud655\uc2e4\uc131\uc774 \uc99d\uac00\ud558\uace0 \uc788\ub294 \uc624\ub298\ub0a0\uc758 \uae09\ubcc0\ud558\ub294 \ud658\uacbd\uc5d0\uc11c, \ubbf8\ub798\uc758 \uae30\uc5c5 \uc131\uacf5\uc694\uc778\uc740 \ud604\uc7ac\uc758 \uc131\uacf5\uc694\uc778\uacfc\ub294 \ub2e4\ub97c \uac83\uc774\ub2e4. \ud604\uc7ac\uc758 \uc131\uacfc\ub294 \uc810\uc810 \ub354 \uc608\uce21\ud558\uae30 \uc5b4\ub824\uc6cc\uc9c0\uace0 \uacfc\uac70\uae30\ubc18 \ucc99\ub3c4\uc5d0 \ub300\ud55c \uacfc\ub3c4\ud55c \uc758\uc874\uc740 \uae30\ub9cc\uc801\uc77c \uc218 \uc788\ub2e4. \uc624\ub298\ub0a0 \ub2e4\uc218\uc758 \uae30\uc874 \ub300\uae30\uc5c5\ub4e4\uc740 \uacfc\uac70\uc5d0\ub294 \uacac\uc2e4\ud55c \ub192\uc740 \uc131\uacfc\ub97c \uac70\ub450\uc5c8\uc744\uc9c0 \ubab0\ub77c\ub3c4 \ud604\uc7ac\ub294 \ucde8\uc57d\ud55c \uc0c1\ud669\uc5d0 \ub193\uc5ec \uc788\ub2e4.<\/p>\n \ubfd0\ub9cc \uc544\ub2c8\ub77c, \uae09\uc791\uc2a4\ub7ec\uc6b4 \uc2e4\ud328\uac00 \uac08\uc218\ub85d \ub354 \uc790\uc8fc \ubc1c\uc0dd\ud558\uace0 \uc788\ub2e4 \u2013 \ucf54\ub2e5\uc774\ub098 \ube14\ub85d\ubc84\uc2a4\ud130\uc758 \uc0ac\ub840\ub97c \uc0dd\uac01\ud574 \ubcf4\ub77c \u2013 \uc774\ub294 \uc801\uc9c0 \uc54a\uc740 \ubd80\ubd84\uc774 \ub514\uc9c0\ud138 \uc640\ud574 \ub9ac\uc2a4\ud06c \ub54c\ubb38\uc774\ub2e4. \uae30\uc874 \uae30\uc5c5\ub4e4\uc740 \uc790\uc0ac\uc758 \uc785\uc9c0\uac00 \uc548\uc804\ud574 \ubcf4\uc77c \ub54c\uc870\ucc28\ub3c4 \uc704\uae30\uac10\uc744 \uc870\uc131\ud558\uc5ec \uc120\uc81c\uc801\uc73c\ub85c \uc9c0\uc18d\uc801\uc778 \uc131\uacf5\uc758 \uc694\uac74\ub4e4\uc744 \uc0b4\ud3b4\ubcf4\uc544\uc57c \ud55c\ub2e4. \ubc18\ub4dc\uc2dc \uc131\uc7a5\uacfc \uc7ac\ucc3d\uc870 \uc5ed\ub7c9\uc744 \uac1c\ubc1c\ud574\uc57c \ud55c\ub2e4. \ubc14\ub85c \uc774\uac83\uc774 \uc6b0\ub9ac\uac00 \uae30\uc5c5\uc758 \ud65c\ub825\uc774\ub77c\uace0 \ubd80\ub974\ub294 \uac83\uc774\ub2e4.<\/p>\n \uc6b0\ub9ac\ub294 BCG\uc640 \ud3ec\ucd98\uc9c0\uc758 2\ub144 \uc5f0\uad6c \ud30c\ud2b8\ub108\uc2ed\uc758 \uacb0\uacfc\uc778 \ud3ec\ucd98 \ud4e8\uccd0 50\uc758 \uae30\ubc18\uc774 \ub418\ub294 BCG \uace0\uc720\uc758 \ubc29\ubc95\ub860\uc744 \uc774\uc6a9\ud558\uc5ec \uae30\uc5c5 \ud65c\ub825\uc744 \uce21\uc815\ud560 \uc218 \uc788\ub2e4. \uc774 \uc9c0\uc218\ub294 \uac00\uc7a5 \ud65c\ub825\uc801\uc778 \ubbf8\uad6d \uc0c1\uc7a5\uc0ac\ub4e4\uc758 \uc21c\uc704\ub97c \ub9e4\uae34\ub2e4. \uc774\ub97c \uc704\ud574 \uc6b0\ub9ac\ub294 \uae30\uc5c5 \uc131\uc7a5 \uc5ed\ub7c9\uc744 \uc124\uba85\ud558\ub294 \ubaa8\ub4e0 \uc774\ub860\ub4e4\uc744 \ucde8\ud569\ud558\uc5ec \uce21\uc815\uac00\ub2a5\ud55c \ubcc0\uc218\ub4e4\uacfc \uc5f0\uacb0\uc2dc\ucf30\ub2e4. \uadf8\ub7f0 \ub2e4\uc74c, \uc774\uc804 \ub370\uc774\ud130\uc5d0 \ub300\ud574 \uc774\ub4e4 \uc774\ub860\uc744 \ud14c\uc2a4\ud2b8\ud55c \ub4a4 \uc7a5\uae30\uc801\uc778 \ub9e4\ucd9c \uc131\uc7a5\uc5d0 \uce21\uc815\uac00\ub2a5\ud55c \uacac\uc2e4\ud55c \uc601\ud5a5\uc744 \ubbf8\uce5c \ubcc0\uc218\ub4e4\ub9cc\uc744 \uc120\ud0dd\ud588\ub2e4. \uc608\uc0c1\ub300\ub85c, \uae30\uc5c5\uc758 \ub098\uc774\uc640 \uaddc\ubaa8\ub294 \uc131\uc7a5\uc5d0 \ubd80\uc815\uc801\uc778 \uc601\ud5a5\uc744 \ubbf8\ucce4\uc73c\uba70 \uc774\ub294 \uae30\uc5c5\uc774 \uc624\ub798\ub420\uc218\ub85d \ud65c\ub825\uc744 \uc720\uc9c0\ud558\uae30 \uc5b4\ub835\ub2e4\ub294 \uac83\uc744 \ud655\uc778\ud574\uc8fc\uc5c8\ub2e4.<\/p>\n \ub610\ud55c, \uc6b0\ub9ac\ub294 \ud65c\ub825\uc801\uc778 \uae30\uc5c5\uc758 \uc8fc\uc694 \uad6c\uc131\uc694\uc18c\ub4e4\uc744 \ud30c\uc545\ud560 \uc218 \uc788\uc5c8\ub2e4. (\ubcf4\uae30 3 \ucc38\uc870):<\/p>\n \ubfd0\ub9cc \uc544\ub2c8\ub77c, \ub9ac\ub354\ub4e4\uc740 \u201c\uccab\uc9f8 \ub0a0\u201d\uc758 \uc815\uc2e0\uc790\uc138\ub97c \uc7a5\ub824\ud558\uace0 \uc0ac\uc5c5 \uae30\ud68c\uc758 \ud30c\uc545 \ubc0f \uac1c\ubc1c\uc5d0 \ucda9\ubd84\ud55c \uc790\uc6d0\uc744 \ud560\ub2f9\ud568\uc73c\ub85c\uc368 \uc870\uc9c1 \ub0b4\uc5d0 \ubc18\ub4dc\uc2dc \uc774\ub7ec\ud55c \uc7a5\uae30\uc801\uc778 \ubc29\ud5a5\uc744 \uc124\uc815\ud574\uc57c \ud55c\ub2e4. \uc8fc\uc694 \uc5d4\uc9c0\ub2c8\uc5b4\ub9c1 \uae30\uc5c5\uc778 \uc190\ud1a4 \ud1a0\ub9c8\uc138\ud2f0\ub294 5\uac1c\ub144 \uc804\ub7b5 \ube44\uc804\uc5d0 \uc774\ub7ec\ud55c \ud0dc\ub3c4\ub97c \uc801\uadf9 \uc218\uc6a9\ud588\ub2e4: \u201c\uc6b0\ub9ac\ub294 \ub208\uacfc \ub9c8\uc74c\uc744 \uc5f4\uc5b4\ub193\uace0 \uc0c8\ub85c\uc6b4 \uc544\uc774\ub514\uc5b4\ub97c \ucca0\uc800\ud788 \ud14c\uc2a4\ud2b8\ud558\uba70 \uc120\ubcc4\uc801\uc774\uace0 \uc2e0\uc18d\ud55c \ud22c\uc790\ub97c \uc2e4\uc2dc\ud55c\ub2e4.\u201d<\/p>\n \ubfd0\ub9cc \uc544\ub2c8\ub77c, \uac00\uc7a5 \ud65c\ub825\uc801\uc778 \uae30\uc5c5\ub4e4\uc740 \uc0c8\ub85c\uc6b4 \uc778\uc7ac\uc5d0\uac8c \ub9ac\ub354\uc2ed \uae30\ud68c\ub97c \uc81c\uacf5\ud568\uc73c\ub85c\uc368 \uc774\uc0ac\ud68c\ub97c \ud3ec\ud568\ud55c \ubaa8\ub4e0 \uc9c1\uae09\uc5d0\uc11c \ub2e4\uac01\ud654\ub41c \uc80a\uc740 \uc870\uc9c1\uc744 \uc720\uc9c0\ud55c\ub2e4. \uc6b0\ub9ac\uc758 \uc5f0\uad6c\uc5d0 \ub530\ub974\uba74 \ud601\uc2e0\uacfc \ub2e4\uc591\uc131\uc740 \ub9ce\uc740 \uce21\uba74\uc5d0\uc11c \ud1b5\uacc4\uc801\uc73c\ub85c \uc720\uc758\ubbf8\ud55c \uad00\uacc4\uc5d0 \uc788\ub2e4.<\/p>\n \uae30\uc874 \uae30\uc5c5\uc774 \uc9c0\uc18d\uac00\ub2a5\ud55c \ubc29\uc2dd\uc73c\ub85c \ubc88\uc601\ud558\uace0 \uc131\uc7a5\ud558\uae30 \uc704\ud574\uc11c\ub294 \ud65c\ub825 \ud558\ub098\ub9cc\uc73c\ub85c\ub294 \ubd80\uc871\ud558\ub2e4. \uae30\uc5c5\uc758 \ud65c\ub825\uc744 \uc720\uc9c0\ud558\uae30 \uc704\ud55c \uc790\uae08\ub9c8\ub828\uc744 \uc704\ud574\uc11c\ub294 \ud575\uc2ec \ube44\uc988\ub2c8\uc2a4\uc758 \ucd08\uacfc \uc131\uacfc \ub2ec\uc131\ub3c4 \ud544\uc694\ud558\ub2e4. \ub354 \ud48d\ubd80\ud55c \uc790\uae08\uc744 \ud655\ubcf4\ud558\ub294 \uac83\uc774 \uae30\uc874 \uae30\uc5c5\uc5d0\uac8c \uc7a0\uc7ac\uc801\uc778 \uc774\ub4dd\uc774 \ub418\uae34 \ud558\ub098, \ub450 \uac00\uc9c0 \uce21\uba74, \uc989 \uae30\uc5c5\uc744 \uc6b4\uc601\ud558\ub294 \ub3d9\uc2dc\uc5d0 \uc7ac\ucc3d\uc870\ud558\ub294 \ub3c4\uc804\uacfc\uc81c\ub97c \uc2e4\ud604\ud558\uae30 \uc704\ud55c \ub178\ub825\ub3c4 \uac8c\uc744\ub9ac \ud574\uc120 \uc548 \ub41c\ub2e4. (\ubcf4\uae30 4 \ucc38\uc870.)<\/p>\n \ud604\uc7ac \uc131\uacfc\uc758 \ucd5c\uc801\ud654\uc640 \uc7a5\uae30\uc801 \uc131\uc7a5 \uc7a0\uc7ac\ub825 \uad6c\ucd95\uc744 \ub3d9\uc2dc\uc5d0 \uc2e4\ud604\ud55c\ub2e4\ub294 \ub3c4\uc804\uacfc\uc81c\uc758 \ubaa8\uc21c\uc744 \ubc1b\uc544\ub4e4\uc774\ub294 \uac83\uc740 \uc5b4\ub290 \uae30\uc5c5\uc5d0\ub098 \uc5b4\ub824\uc6b4 \uc77c\uc774\ub2e4. \ub610\ud55c, \uc774\ub294 \ud604 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc774 \uc790\uc6d0, \uc778\uc7ac, \uc0ac\uace0\ubc29\uc2dd\uc744 \uc27d\uac8c \uc88c\uc6b0\ud560 \uc218 \uc788\ub294 \uae30\uc874 \uae30\uc5c5\uc758 \uacbd\uc6b0\uc5d0\ub294 \ud2b9\ud788 \uadf8\ub7ec\ud558\ub2e4. \uae30\uc874 \uae30\uc5c5\uc774 \uc774 \ub450 \uac00\uc9c0\ub97c \uc2e4\ud604\ud558\ub294 \ub370 \uc788\uc5b4 \uac00\uc7a5 \ubd84\uba85\ud55c \uc7a5\uc560\ubb3c\uc740 \uac70\ub300\ud55c \uaddc\ubaa8\uc774\uba70, \ub2e4\uc74c\uc758 \uba87 \uac00\uc9c0 \uc694\uc778\ub4e4\uc740 \uaddc\ubaa8\ub85c \uc778\ud55c \uc7a5\uc810\uc744 \ubb34\uae30\ub825\uc774\ub77c\ub294 \ubb38\uc81c\ub85c \ubc14\uafb8\uc5b4\ub193\uc744 \uc218 \uc788\ub2e4.<\/p>\n \uccab\uc9f8, \uae30\uc5c5\uc774 \uc624\ub798\ub420\uc218\ub85d \uacfc\uac70\uc758 \uc131\uacf5\uc801\uc778 \ud589\ub3d9\ub4e4\uc740 \uc804\ubb38 \uc778\uc7ac\ubfd0\ub9cc \uc544\ub2c8\ub77c \uace0\uc815\uad00\ub150\uacfc \ud504\ub85c\uc138\uc2a4 \ub0b4\uc5d0\uc11c \uacbd\uc9c1\ud654\ub418\ub294 \uacbd\ud5a5\uc774 \uc788\ub2e4. \ub9ac\ub354\ub4e4\ub3c4 \ubb38\uc81c\uc758 \uc77c\ubd80\uac00 \ub420 \uc218 \uc788\ub294 \uc774\uc720\ub294 \uc774\ub4e4\uc774 \ud604\uc7ac\uc758 \uc131\uacf5\ubaa8\ub378\uc5d0 \uc5f0\uad00\ub420 \ubfd0 \uc544\ub2c8\ub77c \uac1c\uc778\uc801\uc73c\ub85c\ub3c4 \ud22c\uc790\ub418\uc5b4 \uc788\uc744 \uac00\ub2a5\uc131\uc774 \ud06c\uae30 \ub54c\ubb38\uc774\ub2e4.<\/p>\n \ub458\uc9f8, \ub290\ub9b0 \uc758\uc0ac\uacb0\uc815\uacfc \ub9ac\uc2a4\ud06c\uc5d0 \ub300\ud55c \uac70\ubd80\uac10\uc740 \uadf8 \uc790\uccb4\ub85c\ub3c4 \uc704\ud5d8\ud560 \uc218 \uc788\uc744 \ubfd0 \uc544\ub2c8\ub77c \uae30\uc5c5\uac00 \uc815\uc2e0\uc744 \uac16\ucd98 \uc778\uc7ac\ub97c \uc601\uc785\ud558\uace0 \uc720\uc9c0\ud558\uae30 \uc5b4\ub835\uac8c \ub9cc\ub4e4 \uc218 \uc788\ub2e4.<\/p>\n \uc14b\uc9f8, \uc774\uc724\ud68d\ub4dd, \uc989 \ud604 \uc131\uacfc\uc5d0\ub9cc \uc9d1\uc911\ud558\ub294 \uae30\uc5c5\ub4e4\uc740 \uc7ac\ubb34\ud654(financialization) \uacbd\ud5a5\uc774 \uc788\ub2e4: \uc758\uc0ac\uacb0\uc815\uc740 \uc8fc\ub85c \uc218\uc775\uc131\uc774\ub098 \uc8fc\ub2f9\uc21c\uc774\uc775 \ub4f1 \uc7ac\ubb34\uc801 \ucc99\ub3c4\uc5d0 \uae30\ubc18\ud55c\ub2e4. \uc131\uc219\ud55c \ube44\uc988\ub2c8\uc2a4\uc5d0\uc11c \uac00\ub2a5\ud55c \uba85\ub8cc\ud55c \uc7ac\ubb34 \ucc99\ub3c4\ub85c \ud310\ub2e8\ud560 \ub54c \ud0d0\uc0c9 \uc791\uc5c5\uc740 \ub9e4\ub825\uc801\uc774\uc9c0 \uc54a\uac70\ub098 \uc81c\ub300\ub85c \uc815\uc758\ub418\uc9c0 \uc54a\uc744 \uc218\ub3c4 \uc788\ub2e4. \uac1c\ubcc4 \ud0d0\uc0c9\uc801 \ud22c\uc790\uc5d0 \ub300\ud55c \uc704\ud5d8 \uac00\uc911 \uc218\uc775\ub960\uc740 \ub0ae\uac70\ub098 \uc815\ub7c9\ud654\ud558\uae30 \uc5b4\ub824\uc6b8 \uc218\ub3c4 \uc788\uc9c0\ub9cc \uc885\ud569\uc801\uc73c\ub85c \uace0\ub824\ud560 \uacbd\uc6b0\uc5d0\ub294 \uae30\uc5c5\uc758 \uc9c0\uc18d\uc801\uc778 \uc874\uc7ac\uc5d0 \uc788\uc5b4 \ud544\uc218\uc801 \uc694\uc18c\uc77c \uc218 \uc788\ub2e4. \uc5b4\ub5a4 \uc0ac\uc5c5\uae30\ud68c\uac00 \ub9ac\uc2a4\ud06c\ub97c \uac10\uc218\ud560 \uac00\uce58\uac00 \uc788\ub294\uc9c0 \uc5ec\ubd80\ub97c \ud3c9\uac00\ud558\ub294 \ucd5c\uc0c1\uc758 \ubc29\ubc95\uc740 \uce90\uc2dc\uce74\uc6b0 \uc0ac\uc5c5\uc758 \uc2e4\ud328 \uc2dc\ub098\ub9ac\uc624\uc640 \ube44\uad50\ud558\ub294 \uac83\uc774 \ub420 \uc218\ub3c4 \uc788\ub2e4.<\/p>\n \ub9c8\uc9c0\ub9c9\uc73c\ub85c, \uac15\ub825\ud55c TSR \uae30\ub85d\uacfc \uad00\ub300\ud55c \ubc30\ub2f9 \uc815\ucc45\ub3c4 \uc9c0\uc18d\uc801\uc778 \ub2e8\uae30 \ud604\uae08\uc218\uc775\uc5d0 \ub300\ud55c \ud22c\uc790\uc790\uc758 \uae30\ub300\ub97c \uc0c1\uc2b9\uc2dc\ud0ac \uc218 \uc788\ub2e4. \uc774\ub294 \uacbd\uc601\uc9c4\uc758 \uc2dc\uc57c\ub97c \uc7a5\uae30\uc801\uc778 \ud22c\uc790\ubcf4\ub2e4\ub294 \ub2e8\uae30\uc801\uc778 \uc7ac\ubb34 \uc131\uacfc\uc758 \ucd5c\uc801\ud654, \uc989 \ud65c\ub825\ubcf4\ub2e4\ub294 \uc131\uacfc\ub85c \uc881\ud790 \uc218 \uc788\ub2e4.<\/p>\n \ud65c\ub825 \uc99d\uc9c4\uc740 \uc0dd\uc874\uacfc \uc131\uacf5\uc744 \uc6d0\ud558\ub294 \uae30\uc874 \uae30\uc5c5\uc5d0 \uc788\uc5b4 \ud544\uc218\uc801\uc774\ub2e4. \ub2e8\uae30 \uac74\uc804\uc131 \uce21\uc815 \uc2dc\uc5d0\ub3c4 \ud65c\ub825\uc801\uc778 \uae30\uc5c5\uc740 \uc120\ub450\uc5d0 \uc788\ub2e4. 2011\ub144\ubd80\ud130 2016\ub144\uae4c\uc9c0 \ud3ec\ucd98 \ud4e8\uccd0 50\uc758 \uc0c1\uc704 10% \ud65c\ub825\uc801 \uae30\uc874 \uae30\uc5c5\ub4e4\uc740 \ub3d9\uc885 \uae30\uc5c5\uc5d0 \ube44\ud574 \uc131\uc7a5 \uce21\uba74\uc5d0\uc11c \uc5f0 5%, TSR \uce21\uba74\uc5d0\uc11c \uc5f0 10% \uc55e\uc130\ub2e4. (\ubcf4\uae30 5 \ucc38\uc870.)<\/p>\n
\n\u2014 F. \uc2a4\ucf67 \ud53c\uce20\uc81c\ub7f4\ub4dc<\/em><\/p>\n
\n\u2014 \uc81c\ud504 \ubca0\uc870\uc2a4<\/em><\/p>\n\uae30\uc5c5\uc758 \ud65c\ub825: \uc7a5\uae30\uc801 \uc131\uc7a5\uc744 \uc704\ud55c \ud544\uc218 \uc694\uc18c<\/strong><\/h3>\n
<\/a>\uc88b\uc740 \uc18c\uc2dd\uc740 \uc9c0\uc18d\uac00\ub2a5\ud55c \uc131\uc7a5\uc744 \ub2ec\uc131\ud558\ub294 \uac83\uc774 \uc624\ub298\ub0a0\uc758 \uae30\uc874 \uae30\uc5c5\ub4e4\uc5d0\uac8c\ub3c4 \uc5ec\uc804\ud788 \uac00\ub2a5\ud558\ub2e4\ub294 \uc810\uc774\ub2e4. \ubbf8\uad6d \ub300\uae30\uc5c5\uc758 \uc57d 10%\ub294 \ub450 \uc790\ub9ac\uc218\uc758 \uc131\uc7a5\ub960\uc744 \uae30\ub85d\ud558\uace0 \uc788\ub2e4. (\ubcf4\uae30 2 \ucc38\uc870.) \uadf8 10% \uc911 \ube44\uc790\uc640 \ub9c8\uc2a4\ud130\uce74\ub4dc(\uc2e0\uc6a9\uce74\ub4dc\uc0ac), \ud790\ud2bc(\ud638\ud154\uc5c5), \ucee8\uc2a4\ud138\ub808\uc774\uc158 \ube0c\ub79c\uc988(\uc54c\ucf5c \uc74c\ub8cc), \uc624\ub808\uc77c\ub9ac(\uc790\ub3d9\ucc28 \ubd80\ud488\uc5c5) \ub4f1 \ub2e4\uc218\uc758 \uae30\uc5c5\ub4e4\uc740 \ube44\uae30\uc220 \uc0b0\uc5c5\uc5d0 \uc18d\ud55c\ub2e4. \uc774\ub4e4\uc758 \ube44\ubc95\uc740 \ubb34\uc5c7\uc77c\uae4c?<\/p>\n
<\/a><\/p>\n
<\/a><\/p>\n
\n
\n
\ub450 \uac00\uc9c0\ub97c \ub3d9\uc2dc \uc2e4\ud604\ud574\uc57c \ud558\ub294 \ub3c4\uc804\uacfc\uc81c<\/strong><\/h3>\n
<\/a><\/p>\n
\ud65c\ub825 \uc99d\uc9c4\uc744 \uc704\ud55c \uc138 \ub2e8\uacc4<\/strong><\/h3>\n