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From Adam Smith to Michael Porter : Evolution of Competitiveness Theory

Author: Tong-sŏng Cho; Hwi-chʻang Mun
Publisher: Singapore : World Scientific Publishing Company, 2013.
Series: Asia-Pacific business series, v. 7.
Edition/Format:   eBook : Document : English : Extended edView all editions and formats
Summary:
With Foreword by Michael PorterThis book deals with important theories of international competitiveness and their strategic implications and practical applications. The theories range from classical theories such as Adam Smith's absolute advantage to new theories such as Michael Porter's diamond model. It also incorporates the latest theoretical advances, including the nine-factor model, the generalized double  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Cho, Tong-sŏng.
From Adam Smith to Michael Porter.
Singapore : World Scientific Publishing Company, 2013
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Tong-sŏng Cho; Hwi-chʻang Mun
ISBN: 9789814401661 9814401668
OCLC Number: 841913822
Description: 1 online resource (347 pages).
Contents: Part I. From Adam Smith to Michael Porter --
1. Traditional Model: Theory --
2. Traditional Model: Debate --
3. New Model: Theory --
4. New Model: Debate --
Part II. Michael Porter and Theoretical Extensions --
5. Extended Model (1): The Generalized Double Diamond Model --
6. Extended Model (2): The Nine-Factor Model --
7. Extended Model (3): Double Diamond-Based Nine-Factor Model --
8. Methodology for National Competitiveness Analysis --
Part III. Michael Porter and Practical Extensions --
9. Application: Firm Level --
10. Application: Industry Level --
11. Application: National Level --
12. Application: Other Areas. Introduction --
Part I. From Adam Smith to Michael Porter --
1. Traditional Model: Theory --
Summary And Key Points --
Mercantilism --
Absolute Advantage --
Comparative Advantage --
Factor Endowments --
The Factor Price Equalization Theorem --
The Stolper-Samuelson Theorem --
The Rybczynski Theorem --
Leontief Paradox --
Labor Skills --
Natural Resources --
Factor Intensity Reversals --
Product Cycle --
Country Similarity --
Economies Of Scale --
Conclusion --
References --
2. Traditional Model: Debate --
Summary And Key Points --
COMPETITIVENESS: A DANGEROUS OBSESSION Paul Krugman --
The Hypothesis Is Wrong --
Mindless Competition --
Careless Arithmetic --
The Thrill Of Competition --
The Dangers Of Obsession --
Advisers With No Clothes --
RESPONSE 1: PLAYING TO WIN Clyde V. Prestowitz, Jr. --
It's Living Standards, Stupid --
Splitting Hairs --
RESPONSE 2: MICROCHIPS, NOT POTATO CHIPS Lester C. Thurow --
Welcome to the Realworld --
Putting People First --
RESPONSE 3: SPEAKING FREELY Stephen S. Cohen --
Beggar-Thy-Question --
COUNTER-RESPONSE: PROVING MY POINT Paul Krugman --
Moving Target --
Sloppy Math: Part II --
Things Add Up --
References --
3. New Model: Theory --
Summary And Key Points --
The Competitive Advantage Of Nations --
How Companies Succeed In International Markets --
The Diamond Of National Advantage --
The Diamond As A System --
The Role Of Government --
The Company Agenda --
The Role Of Leadership --
Appendix A: Patterns Of National Competitive Success --
Appendix B: What Is National Competitiveness? --
Appendix C: Howthe Diamondworks:the Italian Ceramic Tile Industry* --
The Origins of the Italian Industry --
The Emerging Italian Tile Cluster --
Sophisticated Home Demand --
Sassuolo Rivalry --
Pressures to Upgrade --
Internationalization --
4. New Model: Debate --
Summary And Key Points --
Conflicting Perspectives --
Critic 1: Diamond In The Rough --
The Economic Size --
Foreign Direct Investment --
The Economic Stage --
Two Outside Forces --
Critic 2: Porter Takes The Wrongturn --
Incompatible Policy Recommendations --
Old-Fashioned Policy Recommendations --
Misleading Policy Recommendations --
Response By Porter And Armstrong --
Geographic Scope And Geographic Locus --
Different Levels Of Analysis --
Building Domestically Or Outsourcing Abroad --
Counter-Response By Rugman --
Geographic Scope And Geographic Locus --
Different Levels Of Analysis --
Building Domestically Or Outsourcing Abroad --
Evaluation Onthe Debates --
References --
Part II. Michael Porter and Theoretical Extensions --
5. Extended Model (1): The Generalized Double Diamond Model --
Summary And Key Points --
Introduction --
Single Or Double Diamonds? --
Diamond Variables And Data --
Dependent Variables --
Independent Variables --
Factor conditions --
Demand conditions --
Related and supporting industries --
Firm strategy, structure, and rivalry --
Empirical Results Of The Diamond Tests --
Conclusion --
References --
6. Extended Model (2): The Nine-Factor Model --
Summary And Key Points --
Introduction --
The Theoretical Background To International Competitiveness --
A Definition of International Competitiveness --
Existing Studies on Determinants of International Competitiveness --
A New Model Of International Competitiveness For Less Developed Countries --
The Nine-Factor Model --
Physical factors --
Human factors --
The external factor: Chance events --
The Life Cycle Of National Competitiveness --
Less Developed Stage. Developing Stage --
Semi-Developed Stage --
Developed Stage --
The Life Cycle Of Industrial Competitiveness --
Early Stage --
Growth Stage --
Maturing Stage --
Declining Stage --
Case Studies: Korea's Major Industries --
The Semiconductor Industry --
The Automobile Industry --
The Steel Industry --
The Apparel Industry --
Conclusion --
A Comparison of Four Industries --
Implications for the Korean Economy --
Implications for Other Nations --
Limitations of the Study and Suggestions for Future Research --
References --
7. Extended Model (3): Double Diamond-Based Nine-Factor Model --
Summary And Key Points --
Introduction --
Previous Literature On National Competitiveness --
The Dual Double Diamond Model --
Shortcomings in Existing Models --
The Dual Double Diamond Model --
Modeling --
Hypotheses --
Porter's Diamond Model Versus the Generalized Double Diamond Model --
Porter's Diamond Model Versus the Nine-Factor Model --
The Generalized Double Diamond Model Versus the Dual Double Diamond Model --
The Nine-Factor Model Versus the Dual Double Diamond Model --
Research Design --
The Model --
Data --
Measures and Method --
Results --
Discussion --
Conclusion --
References --
Appendix --
8. Methodology for National Competitiveness Analysis --
Summary And Key Points --
Introduction --
Theoretical Development --
Measure:What is National Competitiveness? --
Previous studies on national competitiveness --
A new model: The dual double diamond (DDD) model --
Analyze: Classifying Nations --
Simulate: Applying Business Models to the National Level --
Implement: Optimal Strategic Mix --
Data And Application --
Data --
Application --
Measure: the validity of the DDD model --
Analyze: 3 x 3 country groups --
Simulate: changing landscape of competition and competitive structure --
Implement: toward higher competitiveness --
Discussion --
Conclusions --
References --
Part III. Michael Porter and Practical Extensions --
9. Application: Firm Level --
Summary And Key Points --
Introduction --
Company Profile --
Importance of Research and Conceptual Framework --
Diamond Variables And Descriptive Data --
Factor Conditions --
Domestic factor conditions --
International factor conditions --
Demand Conditions --
Domestic demand conditions --
International demand conditions --
Related and Supporting Industries --
Domestic related and supporting industries --
International Related and Supporting Industries --
Firm Strategy, Structure, and Rivalry --
Domestic firm strategy, structure, and rivalry --
International firm strategy, structure and rivalry --
Empirical Results Of The Diamond Tests --
Calculating Scores and Drawing the Diamond --
The Global Diamond --
Conclusion --
Implications --
Limitations of the Study and Suggestions for Further Studies --
References --
10. Application: Industry Level --
Summary And Key Points --
Introduction --
Porter's Four Determinants And New Competitive Advantages --
Factor Conditions --
Demand Conditions --
Related and Supporting Industries --
Firm Strategy, Structure, and Rivalry --
Extending Porter's Determinants Through Internationalization --
Korean Factor Conditions --
Korean Demand Conditions --
Korean Related and Supporting Industries --
Korean Firm Strategy, Structure, and Rivalry --
Conclusion --
References --
11. Application: National Level --
Summary And Key Points --
Application Of Masi:the Korea Case --
MASI Methodology --
Measurement --
Analysis --
Simulation --
Implementation: Optimal Strategic Mix (Macro Level) --
Implementation: Term-Priority Matrix (Micro Level) --
Identification of weak criteria --
Constructing term-priority matrix --
Cooperative Strategy:a Case Of Korea And China --
Overall Ranking --
Structure of National Competitiveness (Main Factor Level) --
Operationalization Of Inherited And Created Advantages --
Theoretical Background and Conceptualization --
Empirical Test --
Methodology and data --
Results --
Conclusion --
References --
12. Application: Other Areas --
Summary And Key Points --
Introduction --
Expansion Of Cluster --
Analytical Tools And Case Studies --
The Growth Triangle: Korea with China, Japan, and Russia --
Cooperative Cases between Korea and other Countries --
Cooperation between Korea and China --
Cooperation between Korea and Japan --
Cooperation between Korea and Russia --
Empirical Analysis --
Hypothesis --
Analysis --
Analytical model --
Data and Methodology9 --
Results and Discussions --
A Further Consideration: Cultural Differences --
An Analytical Model --
Data and Methodology12 --
Results and Discussions --
Conclusion.
Series Title: Asia-Pacific business series, v. 7.
Responsibility: Dong-Sung Cho & Hwy-Chang Moon.

Abstract:

Suitable for policy makers and corporate managers, this title deals with important theories of international competitiveness and their strategic implications and practical applications. It covers the  Read more...

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