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The Dynamics of Institutions, Resources and Capabilities, and form strategies
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Park, Cheolsoon | - |
dc.date.accessioned | 2009-02-26 | - |
dc.date.available | 2009-02-26 | - |
dc.date.issued | 2002-06 | - |
dc.identifier.citation | Seoul Journal of Business, Vol.8 No.1, pp. 39-64 | - |
dc.identifier.issn | 1226-9816 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1653 | - |
dc.description.abstract | This article is concerned with strategic challenges facing firms in the economy that has experienced a dramatic shift in its institutional environment. As a research setting, this article chose Korea since Korea has experienced significant changes in its institutional context for the last decade. This article suggests that the effectiveness of a firm's strategy depends on how effective the strategy is in building resources and capabilities (R&Cs) that are critically important to its businesses, which are in turn determined by the institutional context. Therefore, the institutional context determines the effectiveness of a particular strategy by specifying the types of R&Cs. This article provides evidence that prior to the late-1980s, most strategies for building general R&Cs, such as government support, financial resources, managerial resources and capabilities to secure those resources, were highly effective. However, strategies for building more industry-specific R&Cs, such as technologies and marketing capabilities, were not so critical. This article also anticipated that due to the changes in the institutional context, strategies for developing the general R&Cs are not so crucial after the mid-1990s whereas strategies for developing the industry-specific R&Cs are. Contrary to what was initially predicted, however, the results of this article showed that strategies both for the general R&Cs and industry-specific R&Cs were effective after the mid-1990s. Some implications of this study are also discussed. | - |
dc.language.iso | en | - |
dc.publisher | College of Business Administration (경영대학) | - |
dc.subject | R&Cs | - |
dc.subject | dramatic shift | - |
dc.subject | resource-based view | - |
dc.title | The Dynamics of Institutions, Resources and Capabilities, and form strategies | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 박철순 | - |
dc.citation.journaltitle | Seoul Journal of Business | - |
dc.citation.endpage | 64 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 39-64 | - |
dc.citation.startpage | 39 | - |
dc.citation.volume | 8 | - |
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