Strategizing of the creative economy youth innovation ecosystem national brands (South Korean experience)

National strategic brands are an indisputable competitive advantage for the reputation formation and attraction of investments within the whole country. Taking into account the geopolitical transformations, the departure of Western brands opens up unlimited strategic opportunities for the creation a...

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Main Author: A. S. Khvorostyanaya
Format: Article
Language:English
Published: North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2023-05-01
Series:Управленческое консультирование
Subjects:
Online Access:https://www.acjournal.ru/jour/article/view/2221
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author A. S. Khvorostyanaya
author_facet A. S. Khvorostyanaya
author_sort A. S. Khvorostyanaya
collection DOAJ
description National strategic brands are an indisputable competitive advantage for the reputation formation and attraction of investments within the whole country. Taking into account the geopolitical transformations, the departure of Western brands opens up unlimited strategic opportunities for the creation and popularization of domestic national brands.Main goal of the artickle is to identify the best foreign practice for creating a national brand on the South Korea example. In case of that K-pop cultural phenomenon and experience in the strategic development and the youth innovation ecosystem of the creative economy support strategic analysis is conducted. Based on the identified practice, a domestic national creative economy brand strategic priority was established. The article is based on the theory and methodology of strategizing developed under the scientific supervision of leadership of Foreign Member of the Russian Academy of Sciences, professor V.Kvint. The strategic success of the South Korean K-pop phenomenon (the experience of creative economy development) was partly made possible according to a stimulating state policyN — such a policy should include issues of stimulating entrepreneurship and innovation, reducing legislative barriers and improving the conditions for running business in the field of technology, cultural and creative industries. South Korea’s experience as a leader in the creative economy development expresses serious economic and social efficiency. The formed national brand has the power to influence not only the national market, but also the foreign one.
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publishDate 2023-05-01
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spelling doaj-art-6efea10c8e6545a192ae4540af7c0dc32025-08-20T02:01:29ZengNorth-West institute of management of the Russian Presidential Academy of National Economy and Public AdministrationУправленческое консультирование1726-11391816-85902023-05-0103465610.22394/1726-1139-2023-3-46-561783Strategizing of the creative economy youth innovation ecosystem national brands (South Korean experience)A. S. Khvorostyanaya0Lomonosov Moscow State UniversityNational strategic brands are an indisputable competitive advantage for the reputation formation and attraction of investments within the whole country. Taking into account the geopolitical transformations, the departure of Western brands opens up unlimited strategic opportunities for the creation and popularization of domestic national brands.Main goal of the artickle is to identify the best foreign practice for creating a national brand on the South Korea example. In case of that K-pop cultural phenomenon and experience in the strategic development and the youth innovation ecosystem of the creative economy support strategic analysis is conducted. Based on the identified practice, a domestic national creative economy brand strategic priority was established. The article is based on the theory and methodology of strategizing developed under the scientific supervision of leadership of Foreign Member of the Russian Academy of Sciences, professor V.Kvint. The strategic success of the South Korean K-pop phenomenon (the experience of creative economy development) was partly made possible according to a stimulating state policyN — such a policy should include issues of stimulating entrepreneurship and innovation, reducing legislative barriers and improving the conditions for running business in the field of technology, cultural and creative industries. South Korea’s experience as a leader in the creative economy development expresses serious economic and social efficiency. The formed national brand has the power to influence not only the national market, but also the foreign one.https://www.acjournal.ru/jour/article/view/2221creative economyfashion industrystrategic prioritybrandecosystem
spellingShingle A. S. Khvorostyanaya
Strategizing of the creative economy youth innovation ecosystem national brands (South Korean experience)
Управленческое консультирование
creative economy
fashion industry
strategic priority
brand
ecosystem
title Strategizing of the creative economy youth innovation ecosystem national brands (South Korean experience)
title_full Strategizing of the creative economy youth innovation ecosystem national brands (South Korean experience)
title_fullStr Strategizing of the creative economy youth innovation ecosystem national brands (South Korean experience)
title_full_unstemmed Strategizing of the creative economy youth innovation ecosystem national brands (South Korean experience)
title_short Strategizing of the creative economy youth innovation ecosystem national brands (South Korean experience)
title_sort strategizing of the creative economy youth innovation ecosystem national brands south korean experience
topic creative economy
fashion industry
strategic priority
brand
ecosystem
url https://www.acjournal.ru/jour/article/view/2221
work_keys_str_mv AT askhvorostyanaya strategizingofthecreativeeconomyyouthinnovationecosystemnationalbrandssouthkoreanexperience