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result(s) for
"Cha, Hongryol"
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The Vulnerability Problem of Business Ecosystems under Global Decoupling
2021
[...]the post-Cold War global economic growth era saw the establishment of various regional trading blocs, such as the European Union, the North American Free Trade Agreement, and the Association of Southeast Asian Nations, creating a decentralized network structure (see Figure 1b). [...]since the dawn of the 21st century, we have started seeing free trade agreements extended beyond regions, such as the EU-Japan Economic Partnership Agreement, the US-Korea Free Trade Agreement, and the Regional Comprehensive Economic Partnership (RCEP), characterizing a more distributed network structure (see Figure 1c). According to the World Bank's (2020) analysis on world economies based on purchasing power parity (PPP), the PPP-based GDP's regional portions have become similar to each other (see Figure 2). [...]these populistic programs can be reinforced by social identity like cultural and racial attitudes. [...]the appeals of the populists to the working class that wants to recover their low-skilled jobs in developed countries have provoked global decoupling like Brexit and protectionism.
Journal Article
Reshaping Internationalization Strategy and Control for Global E-Commerce and Digital Transactions: A Hayekian Perspective
2023
As the sharing economy has grown rapidly and replaced the traditional businesses, new rules and norms for data and digital trade have emerged divergently in many countries. Such divergence in global e-commerce policies may be a major barrier to the internationalization of the sharing economy business. This paper aims to develop an internationalization theory that addresses how the sharing economy firms can internationalize under the condition of the divergence of global e-commerce policies. Drawing on Hayek’s knowledge economy approach, we build a new internationalization theory for the sharing economy firms that facilitate autonomously self-organized business ecosystems and adapt to the lack of harmonized rules and norms for the sharing economy. We first theorize on the attributes of the digital platform-based transactions for the internationalization of the sharing economy firms and then provide some insights into the current international debates of e-commerce policies. Our theory offers two main insights: (1) the competitive advantages of the sharing economy firms stem mainly from digital platform algorithms to catalyze digital platform-based transactions between autonomous actors; (2) the divergence of global e-commerce policies and different internet regimes in different countries may affect the internationalization of business models based on such digital platform-based transactions.
Journal Article
Organizational Agility and Communicative Actions for Responsible Innovation: Evidence from manufacturing firms in South Korea
2024
Responsible Innovation (RI) has increasingly attracted attention in academic research and business practice for UN Sustainable Development Goals (SDGs). Especially, the UN Economic and Social Commission for Asia and the Pacific (UNESCAP) highlights RI as a key concept to address how to institutionalize and organize action programs to solve grand challenges. However, we know little about the determinants of organizing RI in business. By applying agile management and stakeholder theory, this study proposes the critical organizational factors to implement RI, namely: Organizational Agility and Communicative Actions. Based on the large-scale data analysis of 13,234 South Korean manufacturing firms during the period between 1999 and 2019, this paper investigates whether and how organizational factors can affect RI in the Asian context, using the zero-inflated negative binomial regression model. Findings show that well-organized agile management and communicative actions with stakeholders are essential to enhance RI performance in a holistic view. This study contributes to the recently emerging field of RI and offers novel theoretical and practical implications for academics and practitioners regarding the underlying mechanism of organizing RI.
Journal Article
Self-organization for Strategic Adaptation Under Disequilibrium
2019
This dissertation is a primarily theoretical study of self-organization, through which a constellation of organizations can control the process of strategic adaptation in the paradigm shift. Curiously, existing theories about the control mechanism seem to be insufficient to address the problems of control seriously in the pre-paradigmatic state. The dissertation includes three main chapters of literature review, theoretical analysis, and case study. The extensive literature review provides a fertile foundation to support this study. The chapter of theoretical analysis aims to theorize about self-organization as a new control mechanism. The case study chapter seeks to address the new conceptual model and its application to the phenomenon. Consequently, the dissertation not only presents a detailed comparison of existing theories but also elaborates the new model of control mechanism. This study considers the phenomenon of manufacturing without a factory as the evidence of the controlled system without governance structure in the paradigm shift. Through the content analysis method, the case study analyzes how differently IBM and Apple, Inc. have controlled manufacturing processes entirely outsourced to external partners and why IBM failed the challenges while Apple could succeed. The theoretical analysis addresses why firms must manage external adjustment processes and be agile with the high capacity of information processing as a constellation of organizations grows. This study will shed lights on uncovering the management of postmodern organizations in the twenty-first century.
Dissertation