Strategic Types and Peformances of Small Firms in Korea

Youngbae Kim is an assistant professor of management and policy in the Korea Advanced Institute of Science and Technology, Taejon, South Korea and Youngrok Choi is a researcher in the nuclear policy division of the Korea Atomic Energy Research Institute, Taejon, Korea. This study attempts to identif...

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Main Authors: Choi, Young Rok, Kim, Y.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1994
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/2295
https://doi.org/10.1177/0266242694131001
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spelling sg-smu-ink.lkcsb_research-32942011-01-22T03:14:53Z Strategic Types and Peformances of Small Firms in Korea Choi, Young Rok Kim, Y. Youngbae Kim is an assistant professor of management and policy in the Korea Advanced Institute of Science and Technology, Taejon, South Korea and Youngrok Choi is a researcher in the nuclear policy division of the Korea Atomic Energy Research Institute, Taejon, Korea. This study attempts to identify the patterns of strategic behaviour of small firms in Korea in conjunction with their performance. Based on the data from 79 small firms across four industries, the results reveal that there appear to be four common strategic attributes cost efficiency, innovative differentiation, marketing differentiation, and asset parsimony and five strategic types of firms which have distinct combinations of these strategic attributes innovative, versatile, marginal, and reactive types. Each type of firm was also found to have different organisational characteristics and performance level. Finally, this study discusses the comparative management issue in the field of strategic management and offers some practical implications for managers of small firms. 1994-01-01T08:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/2295 info:doi/10.1177/0266242694131001 https://doi.org/10.1177/0266242694131001 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Business
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Business
spellingShingle Business
Choi, Young Rok
Kim, Y.
Strategic Types and Peformances of Small Firms in Korea
description Youngbae Kim is an assistant professor of management and policy in the Korea Advanced Institute of Science and Technology, Taejon, South Korea and Youngrok Choi is a researcher in the nuclear policy division of the Korea Atomic Energy Research Institute, Taejon, Korea. This study attempts to identify the patterns of strategic behaviour of small firms in Korea in conjunction with their performance. Based on the data from 79 small firms across four industries, the results reveal that there appear to be four common strategic attributes cost efficiency, innovative differentiation, marketing differentiation, and asset parsimony and five strategic types of firms which have distinct combinations of these strategic attributes innovative, versatile, marginal, and reactive types. Each type of firm was also found to have different organisational characteristics and performance level. Finally, this study discusses the comparative management issue in the field of strategic management and offers some practical implications for managers of small firms.
format text
author Choi, Young Rok
Kim, Y.
author_facet Choi, Young Rok
Kim, Y.
author_sort Choi, Young Rok
title Strategic Types and Peformances of Small Firms in Korea
title_short Strategic Types and Peformances of Small Firms in Korea
title_full Strategic Types and Peformances of Small Firms in Korea
title_fullStr Strategic Types and Peformances of Small Firms in Korea
title_full_unstemmed Strategic Types and Peformances of Small Firms in Korea
title_sort strategic types and peformances of small firms in korea
publisher Institutional Knowledge at Singapore Management University
publishDate 1994
url https://ink.library.smu.edu.sg/lkcsb_research/2295
https://doi.org/10.1177/0266242694131001
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