View : 575 Download: 0
Corporate glocalization strategy of nongshim in america: The “pendulum theory” of globalized localization
- Title
- Corporate glocalization strategy of nongshim in america: The “pendulum theory” of globalized localization
- Authors
- Lee S.; Kim H.; Choi S.
- Ewha Authors
- 최승호
- SCOPUS Author ID
- 최승호
- Issue Date
- 2021
- Journal Title
- Journal of Open Innovation: Technology, Market, and Complexity
- ISSN
- 2199-8531
- Citation
- Journal of Open Innovation: Technology, Market, and Complexity vol. 7, no. 4
- Keywords
- Case study; Corporate glocalization; Globalization; Glocal strategy; Instant noodles; Nongshim; Open innovation; Pendulum theory; US market
- Publisher
- MDPI
- Indexed
- SCOPUS
- Document Type
- Article
- Abstract
- This study examines how Nongshim, a Korean instant noodle manufacturer, has expanded its operation globally within the concept of “open innovation” through its glocalization strategy, and how this strategy differs from the existing glocalization method enforced by global companies. The study shows how Nongshim used its unique glocalization strategy of “globalized localization”, outlining the three stages by which the company switched its “glocalization focus”, starting with “localizing”, moving through “globalizing”, then back to “localizing”, while retaining its ultimate purpose of globalization. From the basis of the case analysis, the study proposes a “pendulum theory” that can be applied to local companies that are planning to expand their business in a global market. © 2021 by the authors.
- DOI
- 10.3390/joitmc7040205
- Appears in Collections:
- 경영대학 > 경영학전공 > Journal papers
- Files in This Item:
There are no files associated with this item.
- Export
- RIS (EndNote)
- XLS (Excel)
- XML