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The Strategy for Korea's Economic Success$
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Hwy-Chang Moon

Print publication date: 2016

Print ISBN-13: 9780190228798

Published to Oxford Scholarship Online: May 2016

DOI: 10.1093/acprof:oso/9780190228798.001.0001

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The ABCD Model

The ABCD Model

Theoretical Foundation

(p.95) Chapter 5 The ABCD Model
The Strategy for Korea's Economic Success

Hwy-Chang Moon

Oxford University Press

The ABCD model provides a more complete and detailed analysis when compared to existing studies of Korea’s economic growth. Scholars point to unique aspects of Korea, such as Confucian ethics and strong government intervention, to explain the unusually fast pace of Korea’s development. Michael Porter’s diamond model provides a more holistic view of Korea’s success factors and neatly organizes the various factors posited by other major scholars. At the firm or industry level, Korea’s development can be analyzed under business theories like the industry-structure view, resource-based view, dynamic-capabilities view, and institution-based view. However, all of these theories are insufficient for holistically explaining the competitive advantages of Korean firms. The ABCD model is compared with these theories and demonstrates its strong theoretical basis to be established as a more comprehensive alternative.

Keywords:   ABCD model, agility, benchmarking, convergence, dedication, diamond model, industry-structure view, resource-based view, dynamic-capabilities view, institution-based view

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