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Strategy for Korea's Economic Success

By Hwy-Chang Moon

Strategy for Korea's Economic Success Law

Strategy for Korea's Economic Success

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Description
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.
Product details
Edition:
illustrated
Number of Pages:
302
Release Date:
2016-05-02
Publication Date:
2016-05-02
Publisher:
OXFORD UNIV PR
Languages:
Original: English
ISBN10:
0190228792
ISBN13:
9780190228798
GPSR Manufacturer Reference:
[email protected]
Weight:
619 g
Height:
161 cm
Width:
240 cm
Thickness:
21 cm
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