The Strategy for Korea's Economic Success by HWY-CHANG MOON

The Strategy for Korea's Economic Success

byHWY-CHANG MOON

Hardcover | May 16, 2016

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The success of Korea has inspired numerous studies and research in the past decades. Despite good efforts to analyze the strategy of Korea, earlier studies have not been able to satisfactorily explain the country's "miraculous" growth. After thorough analysis of these earlier studies, a newmodel was developed to show 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 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), and together, they have enabled Korea's economic success and will continue to drive the next level of growth. Anyone can become more competitive with proper management 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 ofgrowth. This book 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 pool of strategic resources.

About The Author

Hwy-Chang Moon received his PhD from the University of Washington and is currently a professor at Seoul National University, where he also served as dean. He has delivered special lectures at various institutions, including the Helsinki School of Economics, Keio University, and Stanford University. Dr. Moon has also consulted for sever...
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Details & Specs

Title:The Strategy for Korea's Economic SuccessFormat:HardcoverDimensions:288 pagesPublished:May 16, 2016Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190228792

ISBN - 13:9780190228798

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Table of Contents

Part ITHE MIRACLE OF KOREA1. Foundations of Korea's Economic Development2. Korean Government Leadership for National Growth3. Korean Business Leadership for Corporate GrowthPart IITHE ABCD MODEL: A NEW FRAMEWORK FOR EXPLAINING KOREA'S ECONOMIC SUCCESS4. The ABCD Model: The Success Factors of Korea's Economic Growth5. The ABCD Model: Theoretical Foundation6. The ABCD Model: Application to Korea's Three Successful FirmsPart IIIINTERNATIONALIZATION: BROADENING THE SCOPE OF STRATEGIC CHOICES7. Internationalization at the National Level8. Internationalization at the Firm Level9. Understanding Internationalization from a Cultural PerspectivePart IVKOREA IN THE FUTURE10. New Challenges in Korea11. Korea's Competitive Advantages in the Future12. The Generalization of the ABCD ModelConclusion