The Competitive Advantage of the Indian and Korean Film Industries: An Empirical Analysis Using Natural Language Processing Methods

Abstract

India has a longstanding reputation in the film industry, whereas South Korean films have only recently achieved notable success globally. Despite their significant positions in the global film market, there are very few studies that compare and analyze the competitive advantage of the two countries in the film industry. This paper adopts the ABCD model as a complementary framework to the two mainstream theories of strategic management (i.e., industry-based view and resource-based view) to analyze and compare the competitiveness of the industrial success of emerging countries. For the empirical test, this paper uses natural language processing methods to operationalize the theoretical model. After collecting text data from news articles in English related to the Korean and Indian film industries, this study analyzes how many keywords with regards to the 8 sub-factors of the ABCD model are mentioned in the articles using the document similarity measurement. The results reveal the different but complementary areas of strengths. India has higher competitiveness in the factor of Agility while Korea has higher competitiveness in Convergence. This study also highlights the areas for further development and potential partnership between the two countries by leveraging each other’s strengths.

Analyzing and Visualizing Text Information in Corporate Sustainability Reports Using Natural Language Processing Methods

“…Regarding sustainability reports, this study analyzes not only changes across companies within a specific industry, but also the impact of the COVID-19 pandemic across industries. Additionally, the composite use of different types of data sources such as news articles [48] or social media data [22] is another future research topic to validate our findings.…”

Unlocking Monetization Potential in the Age of YouTube Algorithmic Bias: An Analysis of Botswana Filmmaking

“…For example, studies conducted by [18,19] revealed that several countries in sub-Saharan Africa still face the challenge of the lack of proper infrastructure, technical equipment, and intensive training required to produce their film content. In addition, the far-fetched access to creative industries and arts funding remains a significant hiccup to many filmmakers from these countries, which emanates from the limited resources, while at the same time having to compete for equal funding opportunities with those that already have enough access to resources [20]. Within these complex and interconnected challenges, scholars continue to suggest a manifold approach to addressing them.…”