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National and Industrial Strategies for Value Creation in a Global Context

Author

Listed:
  • Chung-Shing Lee

    (School of Business, Pacific Lutheran University, Tacoma, Washington, USA)

  • Jonathan C. Ho

    (College of Management, Yuan Ze University, Chungli, Taiwan)

Abstract

The development and growth of Taiwan's industries, especially the semiconductor and electronics industries, has been emphasizing overwhelmingly on cost-leadership innovation and strategy. Although such capital-intensive, volume-driven and cost-down strategies have been successfully measured by industrial and economic growth, the amounts of value created and captured in global value chain and innovation networks are insignificant. We apply the framework of creation and capture of value to analyze the industrial value creation strategy in newly industrialized countries for the last four decades. We examine their past industrial policy and business strategy, and argue that the transformation of policy and strategy must gear toward creating and capturing higher value in the global innovation network. Several managerial and policy implications are also discussed.

Suggested Citation

  • Chung-Shing Lee & Jonathan C. Ho, 2014. "National and Industrial Strategies for Value Creation in a Global Context," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 11(03), pages 1-6.
    • Handle: RePEc:wsi:ijitmx:v:11:y:2014:i:03:n:s0219877014400100
    DOI: 10.1142/S0219877014400100
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    References listed on IDEAS

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    1. Richard Baldwin, 2011. "Trade And Industrialisation After Globalisation's 2nd Unbundling: How Building And Joining A Supply Chain Are Different And Why It Matters," NBER Working Papers 17716, National Bureau of Economic Research, Inc.
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