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The strategic management of Korean and Japanese big business group : A comparison study between Korean general trading companies and Japanese Sogo Shoshas

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  • The strategic management of Korean and Japanese big business group
  • Jun, In Woo
  • The University of Birmingham


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Title The strategic management of Korean and Japanese big business group
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Sub Title

A comparison study between Korean general trading companies and Japanese Sogo Shoshas

Material Type Articles
Author(English)

Jun, In Woo

Publisher

[Birmingham]:The University of Birmingham

Date 2009-08
Pages 489
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Industry and Technology < Entrepreneurship
Holding The University of Birmingham

Abstract

This research is an in-depth study of Korean GTCs (General Trading Companies) and Japanese Sogo Shoshas (the Japanese version of General Trading Companies), which are unique big business conglomerates but not well-known in Western countries. It investigates and compares several of their features, such as their history, characteristics, functions, organisational structure, corporate culture, human resource management, their impact on national economic development, strategic management and decision-making process. First, it examines a wide range of literature to show the functions of Korean GTCs and Japanese Sogo Shoshas as transaction intermediaries, information gatherers, project organisers, international marketers, financial providers, etc. With these varied functions, they have played significant roles not only from the macro aspect, but also the micro aspect. To rationalise their theoretical existence, they are approached from four perspectives: transaction cost economics, informational economics of scale, international marketing, and as financial intermediaries. (The rest omitted)