Sustainable Competitive Advantage of Cultural Heritage Sites: Three Destinations in East Asia

Wai-Kit Ng, Fu-Tien Hsu, Cheng-Fu Chao and Chun-Liang Chen ()
Additional contact information
Wai-Kit Ng: Graduate School of Creative Industry Design, National Taiwan University of Arts, New Taipei City 22058, Taiwan
Fu-Tien Hsu: Department of International Business, National Taiwan University, Taipei City 10617, Taiwan
Cheng-Fu Chao: National Association of Small and Medium Enterprises, Taipei City 10646, Taiwan
Chun-Liang Chen: Graduate School of Creative Industry Design, National Taiwan University of Arts, New Taipei City 22058, Taiwan

Sustainability, 2023, vol. 15, issue 11, 1-25

Abstract: Cultural heritage plays an important role in the creation of creative cities, giving them a new lease of life and generating employment opportunities and local economies in the process. The revitalisation and development of cultural heritage and intangible cultural heritage have become a major part of national development policies worldwide. This study adopts a multiple case analysis approach. Four cultural heritages of three destinations in East Asia (Hong Kong, Macau and Taiwan) were selected as case studies because they have all adopted a public–private partnership approach to the conservation and reuse of historic buildings. In this study, semi-structured interviews were conducted and secondary data collected from a variety of sources to bring the findings of this study closer to the practical development of cultural heritage. Base on Five Forces analysis, we propose an “Extended Five Forces” model of cultural heritage. The new component, i.e., historical landscapes and cultural sustainability, is proposed to expand the theoretical foundations of the sustainable management of cultural heritage. The findings show how they can collaborate with communities to create value and gain a sustainable competitive advantage on a global scale and contribute to the sustainable management of cultural heritage in Asia.

Keywords: cultural heritage; sustainable competitive advantage; East Asia; five forces analysis; case studies (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/11/8593/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/11/8593/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:11:p:8593-:d:1155621

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().