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International Journal of Business Policy and Strategy Management

Volume 5, No. 2, 2018, pp 7-12
http://dx.doi.org/10.21742/ijbpsm.2018.5.2.02

Abstract



Comparative Analysis of Strategic Requirements of Domestic and Foreign Furniture Companies in South Korea



    Chul Young Ahn1, Youn Sung Kim2, Kyung Mi Bae3* (Corresponding Author)
    1Graduate School of Business Administration, INHA University
    2College of Business Administration, INHA University
    3Department of International Trade & Regional Studies, College of Business Administration, INHA University
    1cyahn63@naver.com,2keziah@inha.ac.kr,3gracebae@inha.ac.kr

    Abstract

    This study differentiates strategic requirements and analyzes stages of the strategic comparative advantages in relation to situation for the practical use of the furniture industry in South Korea. Its domestic home furnishing market has shown continuous growth with the national income increment and steady economic growth, and it is expected to increase from 12.5 trillion Korean won (USD 11.6 billion) to 18 trillion Korean won (USD 16.7 billion)[1]. The furniture industry in Korea is competitive due to the expansion of Korean furniture companies to global market and the global companies’ entrance to the domestic market. Qualitative method is used to conduct this study focusing on the punditariat’s strategic evaluation attribute in the furniture industry and identifying order winning factors for the customers. Findings present the influencing relationship of each factor based on the strategic evaluation attribute.


 

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