This research explores the dynamic capabilities required for firms to implement environmental, social, and governance (ESG) strategies, and investigates sustainable management performance that can be created based on them. By using dynamic capabilities theory, we integrate sustainable management and the ESG literature to suggest a research model and identify the factors that act as the catalysts achieving sustainability. The data used for the analysis were collected from 78 firms listed on the Korea Exchange (KRX) with assets totaling more than 2 trillion Korean won. In this study, the partial least squares structural equation model (PLS-SEM) is applied. We found that absorptive capability and adaptive capability significantly affect sustainable management performance through implementation of the ESG strategy as a mediating variable. In particular, a firm’s implementation of an ESG strategy is a significant determinant that impacts sustainable management performance. We also believe our model contributes to the current knowledge by filling several research gaps, and our findings offer valuable and practical implications not only for achieving sustainable growth but also for creation of competitive advantage.

Purpose - In this study, we aim to explore new distribution strategies for sustainable growth in the era of the 4th industrial revolution, focusing on...

The advent of the Fourth Industry Revolution calls for companies to radically rethink existing business models and innovate business models through detailed and consistent strategies. In this study, three types of business model frameworks are presented as methods to cope with the Fourth Industrial Revolution at the enterprise level. We also have designed business model frameworks that utilizes four axes; hyperconnectivity, hyper-intelligence, hyper-convergence, and hyper-predictability. And then, we finally suggest a framework of smart connected business model. This model uses information and communication technology to create an online and offline platform, enhances the connectivity of human beings, objects and markets, and analyzes and utilizes the data generated here. It is a circulation structure that develops existing products (or services), market, and business models, which create prediction, customization, and innovation.

Purpose - This paper presented strategies for successful market entry into new northern countries. Design/Methodology/Approach - We analyzed...

Strategy for the Cultural Contents Industry to Secure Competitive Advantage Using Fourth Industrial Revolution Technology