Is there innovation in the K-pop industry? A theoretical perspective

Jangwoo Lee and Lynn Pyun

Asia Pacific Business Review, 2023, vol. 29, issue 5, 1425-1447

Abstract: This paper proposes a novel theoretical perspective which views the K-pop industry through the lens of M-ies model. To date, the innovative aspects of K-pop have been largely neglected by business scholarship, in part due to the inadequacies of the existing theories to capture the dynamic nature of its development. To fill this gap, M-ies model is devised. It posits that innovators (i) were critical in creating a sustained level of innovative momentum (M), as they implemented strategies (s) to respond to the external environment (e). Using the M-ies model, we also explain how an intriguing parallel can be drawn between a seemingly unlikely pair, the K-pop and the semiconductor industry. In so doing, we point to the significance of producer-innovators, and how private sector – in particular, SM Entertainment as the first mover – was the main agent of creative destruction.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13602381.2023.2264042 (text/html)
Access to full text is restricted to subscribers.

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:taf:apbizr:v:29:y:2023:i:5:p:1425-1447

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/FAPB20

DOI: 10.1080/13602381.2023.2264042

Access Statistics for this article

Asia Pacific Business Review is currently edited by Professor Chris Rowley and Malcolm Warner

More articles in Asia Pacific Business Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().