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Evolution of Samsung group and its central office: Imperfect market and capacity-building

Philip PilSoo Choi ()
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Philip PilSoo Choi: Sejong University

Asian Business & Management, 2016, vol. 15, issue 5, 370-398

Abstract: Abstract The history of Samsung and its central office shows the influence of exogenous social and economic change on business-group structures and the endogenous development of capacity in a business group. This paper investigates how transaction cost operates in regard to group size and the functions retained or otherwise, centralized or decentralized, by central office. In relation to business-group development, the effectiveness of transaction cost and active capacity-building are examined and weighed. Entrepreneurs reacting to external changes have raised group capabilities and sought to maintain group integrity. The central-office activities of allocation, ratification, nurturing, and sharing are also discussed and conceptualized.

Keywords: business group; transaction cost; resource-based theory; group capability; central office (search for similar items in EconPapers)
Date: 2016
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