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KMID : 0926620160210030053
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Korean Journal of Hospital Management
2016 Volume.21 No. 3 p.53 ~ p.64
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The Influence of Competitive Advantage on Hospital Performance: Focused on Resource-based View(RBV)
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Lee Ye-Jin
Suh Won-Sik
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Abstract
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The study empirically examines the classic hypothesis on resource-based view(RBV) theory, which is the possible relationship between competitive advantage and performance. For the study, we have surveyed 198 hospital administrators in Korea. By testing the hypotheses at conceptual level, a more robust approach, we found that (1) if a hospital possesses and exploits resources and capabilities that are both valuable and rare, it will attain a competitive advantage, and (2) the attaintment of such advantage will enable the hospital to improve its performance. The results may be interest to both academics and practitioners. From an academic standpoint, the study more accurately captures the dynamics of the theory by pairing resources-capabilities as opposed to individual resources or capabilities. From a practitioner perspective, it is suggested that hospital managers need no necessarily seek out novel resources and capabilities, but rather develop novel ways in which to combine those resources and capabilities to which they do have access.
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KEYWORD
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Competitive advantage, Performance, Rareness, Resource-based view(RBV), Value
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