콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology General

Print

The dynamics of institutions, resources and capabilities, and form strategies

Related Document
Frame of Image
  • The dynamics of institutions, resources and capabilities, and form strategies
  • Park, Cheolsoon
  • Seoul National University(College of Business Administration)


link
Title The dynamics of institutions, resources and capabilities, and form strategies
Similar Titles
Material Type Articles
Author(English)

Park, Cheolsoon

Publisher

[Seoul]:Seoul National University(College of Business Administration)

Date 2002-06
Journal Title; Vol./Issue Seoul Journal of Business:vol. 8(no. 1)
Pages 26
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < General
Holding Seoul National University

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. (The rest omitted)