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http://dx.doi.org/10.14400/JDC.2014.12.7.159

A study on domestic small-medium sized company's case of assimilation with global value chain  

Lee, Joon-Ho (Korea Small Business Institute)
Choi, Jeong-Il (Dept. of Business, Sung Kyul University)
Lee, Ok-Dong (Dept. of Business, Sung Kyul University)
Publication Information
Journal of Digital Convergence / v.12, no.7, 2014 , pp. 159-175 More about this Journal
Abstract
The proliferation of GVC(Global Value Chain) requires the changes of paradigm on national industrial strategy and trade. It also provides multiple implications on business strategy. The business itself is the main agent which recognizes environmental change and establishes counterstrategy. This study is based on the necessity of support for small-medium sized companies in governmental level, since they are personally and materially vulnerable. This study is emphasize on deriving matching tasks of supporting globalization of companies at governmental level. The spread of GVC requires policy makers' comprehensive view and inspires us that we should focus and provide strategic supports on not only manufacturing business but also high valued service industry as well. The government should provide supporting policies for expansion of globalization of companies. The proliferation of GVC means to enter into the chain which creates high values. This is exactly the same as the paradigm of creative economy which our government pursues constantly.
Keywords
Small-Medium Sized Companies; Global Value Chain; Supporting Policy; Internationalization; Globalization;
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Times Cited By KSCI : 1  (Citation Analysis)
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