Table of Contents

Handbook of Manufacturing Industries in the World Economy

Handbook of Manufacturing Industries in the World Economy

Research Handbooks in Business and Management series

Edited by John R. Bryson, Jennifer Clark and Vida Vanchan

This interdisciplinary volume provides a critical and multi-disciplinary review of current manufacturing processes, practices, and policies, and broadens our understanding of production and innovation in the world economy. Chapters highlight how firms and industries modify existing processes to produce for established and emerging markets through dynamic and design-driven strategies. This approach allows readers to view transformations in production systems and processes across sectors, technologies and industries. Contributors include scholars ranging from engineering to policy to economic geography. The evidence demonstrates that manufacturing continues to matter in the world economy.

Chapter 23: Samsung: restructuring, innovation, and global networks

Sam Ock Park

Subjects: business and management, strategic management, geography, economic geography, urban and regional studies, regional studies

Extract

During the last two decades, global economic spaces have been significantly reshaped by the progress of global megatrends, such as globalization, the knowledge-based economy, and the information society. Manufacturing firms have pursued diverse strategies and interacted with economic spaces to sustain growth under the diverse environments brought about by global megatrends. Innovations of new products and processes have been critical in sustaining competitiveness. Networking with other firms and stakeholders has become important for the accumulation of intangible assets beyond the tangibles which were emphasized in traditional industrial location theories. Innovation is important for both manufacturing and service firms (Bryson and Daniels, 2007). The boundary between services and manufacturing has been considerably blurred by the importance of intangible assets in manufacturing.

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