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The strategy for Korea's economic success / Hwy-Chang Moon

Author
Mun, Hwi-chʻang
Published
New York : Oxford University Press, 2016.
Physical Description
xviii, 281 pages : illustration ; 24 cm

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Contents
Introduction -- Part I. The Miracle of Korea: 1. Foundations of Korea's economic development ; 2. Korean government leadership for national growth ; 3. Korean business leadership for corporate growth -- Part II. The ABCD Model: A New Framework for Explaining Korea's Economic Success: 4. The ABCD model: the success factors of Korea's economic growth ; 5. The ABCD model: theoretical foundation ; 6. The ABCD model: application to Korea's three successful firms -- Part III. Internationalization: Broadening the Scope of Strategic Choices: 7. Internationalization at the national level ; 8. Internationalization at the firm level ; 9. Understanding internationalization from a cultural perspective -- Part IV. Korea in the Future: 10. New challenges in Korea ; 11. Upgrading Korea's competitive advantages ; 12. The generalization of the ABCD model -- Conclusion.
Summary
"Korea's economic success has inspired numerous studies and research projects in past decades. Despite good efforts to analyze the strategy of Korea, earlier studies have not been able to comprehensively and systematically explain the country's "miraculous" growth. After thorough analysis of these earlier studies, a new model has been developed by showing that a country or firm does not have to be more innovative or possess more resources to have a competitive advantage over others. In The Strategy for Korea's Economic Success, Hwy-Chang Moon details four factors that comprise the ABCD model and illustrates how the Korean government, corporations, and people have exemplified these factors in achieving their current level of success. The four factors are agility (speed + precision), benchmarking (learning + best practices), convergence (mixing + synergy), and dedication (diligence + goal-orientation). Together, these factors have enabled Korea's economic success and will continue to drive the next level of growth. Anyone can become more competitive with proper implementation of the ABCDs. Korea's development strategy holds special value, because it is more practical and appropriate for many developing countries. For more developed countries, on the other hand, the ABCDs can be used to fast-track the next phase of growth. Moon also highlights the role of internationalization in broadening the scope of strategic choices, and shows how the combined implementation of internationalization and the ABCDs deepens the pool of strategic resources."--
"An explanation for Korea's economic success"--
Subject(s)
ISBN
9780190228798 (hardback)
0190228792 (hardback)
Bibliography Note
Includes bibliographical references (pages 253-275) and index.
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