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The K-Strategy: strategic social capital for urban competitiveness

The K-Strategy: strategic social capital for urban competitiveness Social capital is a key factor of knowledge-based processes, contributing in particular to urban competitiveness, which globalization has put in focus. In spite of this, such fundamental aspects of social capital as norms and values have largely escaped the focus of strategic management. This paper aims to show that the K-Strategy framework encapsulates social norms and personal values strategically engineered by South Korea in order to industrialize successfully. We draw on the existing literature on the engineering of norms and values in South Korea and their contribution to that country's economic success. We find that the Speed, Diligence, and Goal-orientation sub-dimensions of K-Strategy capture important components of South Korean social capital. Particularly, Diligence was the object of strategic implementation by the South Korean government and directly contributed to South Korea's economic success. Our findings do not cover all the dimensions of the K-Strategy, are limited to a single country, and do not provide specifically urban linkages. However, they support the K-Strategy framework as a valid strategic approach to social capital, generally viewed in the business literature as the outcome of exogenous processes. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Geographer Taylor & Francis

The K-Strategy: strategic social capital for urban competitiveness

Remy, Sylvain; Moon, Hwy-Chang
Asian Geographer , Volume 32 (1): 18 – Jan 2, 2015
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18 pages

The K-Strategy: strategic social capital for urban competitiveness

Abstract

Social capital is a key factor of knowledge-based processes, contributing in particular to urban competitiveness, which globalization has put in focus. In spite of this, such fundamental aspects of social capital as norms and values have largely escaped the focus of strategic management. This paper aims to show that the K-Strategy framework encapsulates social norms and personal values strategically engineered by South Korea in order to industrialize successfully. We draw on the existing...
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Publisher
Taylor & Francis
Copyright
© 2015 Hong Kong Geographical Association
ISSN
2158-1762
eISSN
1022-5706
DOI
10.1080/10225706.2014.996853
Publisher site
See Article on Publisher Site

Abstract

Social capital is a key factor of knowledge-based processes, contributing in particular to urban competitiveness, which globalization has put in focus. In spite of this, such fundamental aspects of social capital as norms and values have largely escaped the focus of strategic management. This paper aims to show that the K-Strategy framework encapsulates social norms and personal values strategically engineered by South Korea in order to industrialize successfully. We draw on the existing literature on the engineering of norms and values in South Korea and their contribution to that country's economic success. We find that the Speed, Diligence, and Goal-orientation sub-dimensions of K-Strategy capture important components of South Korean social capital. Particularly, Diligence was the object of strategic implementation by the South Korean government and directly contributed to South Korea's economic success. Our findings do not cover all the dimensions of the K-Strategy, are limited to a single country, and do not provide specifically urban linkages. However, they support the K-Strategy framework as a valid strategic approach to social capital, generally viewed in the business literature as the outcome of exogenous processes.

Journal

Asian Geographer – Taylor & Francis

Published: Jan 2, 2015

Keywords: strategy; K-Strategy; urban competitiveness; social capital; South Korea

References

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