Success and Challenges of a Korean Hidden Champion: Dynamic Capabilities Perspective

Abstract

This study analyzed the relationship between dynamic capabilities and continuous competitive advantage of JVM, a small and medium-sized enterprise (SME) in the Korean ATDPS industry. The major findings are as follows: first is the capability to detect new opportunities. Second, aggressive investments could develop the capability to capture opportunities, which contributes to securing competitive advantage. Third, restructuring capabilities contribute to retain ability of firms.