Journal of Information Technology Services (한국IT서비스학회지)

Korea Society of IT Services (한국IT서비스학회)
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Relationship between Value Based Strategy and Industry Competition

산업 내 경쟁강도와 가치기반전략에 따른 기업성과 간의 관계

  • 김철민 (한양대학교 일반대학원 경영컨설팅학과) ;
  • 박광호 (한양대학교 ERICA캠퍼스 경상대학 경영학부)
  • Received : 2019.09.18
  • Accepted : 2020.01.16
  • Published : 2020.02.28
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Abstract

The Korea government has been pursuing various policies to find a new industrial growth engine based on ICT (Industry and Communication Technology). However, ICT industry recently faces a serious crisis due to a lack of fundamental competitiveness and capital and technological gap with other countries. Accordingly, it is necessary for ICT industry to recognize the rapidly changing competitive business environment and to establish appropriate value-based strategies. This paper analyses factors affecting value-based strategy in the Korean ICT industry using 10 years data set. The result shows that the value-based strategy in the Korean ICT companies has a significant influence on their financial performance. In addition, it is confirmed that the competition level in the industry has a significant moderating effect on this relationship. In addition, when the companies are categorized based on performance, it is confirmed that there is a significant difference in competition level and value-based strategy in each categories. The results of this paper are expected to suggest implications for the effective use of balanced value-based strategies in the ICT industry.

Keywords

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