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The purpose of this paper is to study how people use texts and languages to interpret or make sense of the COVID-19 pandemic. We draw on the theoretical literature of framing perspectives to formulate our arguments that consider the virus a socially constructed reality. We use Taiwan as an empirical case study, using topic modeling analysis of newspaper articles. Our findings show that the language of the COVID-19 coverage combines the four frames of political evaluation, economic impact, biomedical science and social life in varying proportions. These frames are subject to changes in pandemic conditions. Implications for theory and practice are presented.

Mathews (Asia Pacific Journal of Management, 23(1): 5–27, 2006) argues for the importance of latecomer firms undertaking international expansion through the three pillars of resource linkage, leverage, and learning (LLL). We argue that these pillars can be discussed in terms of an institutional framework that explains how institutions shape resource access and economic actions. Despite their lack of capabilities vis-a-vis established multinationals, latecomers are not passive observers or recipients, but can be institutional entrepreneurs who are potentially reflexive enough to leverage their institutional linkages to acquire resources and develop learning activities for innovation, transformation, and internationalization. To illustrate our idea, we study the Taiwan-based dragon multinational, Acer, from 1976 to 2014. Three institutional blocks that underlie Acer’s engagement with institutional linkage, leverage, and learning are emphasized: the cultural system built around the norms of the Chinese family business; the political system defined by the distinct pattern of state-business relations in Taiwan; and a technological system constructed by multiple global players in the computer industry.

The study investigates Taiwan's sectoral system of innovation in the pharmaceutical industry, which has failed to achieve international competitiveness, despite strong state support. Our investigations were designed and carried out in two stages. In the first stage, we developed a statistical method to measure the institutional drivers in Taiwan's pharmaceutical industry. This finding received strong support in our second stage of analysis, which involved the use of both: (1) inductive processes (through the use of interviews) and (2) deductive (i.e., mathematical) approaches to analyze the innovation performance in Taiwan's pharmaceutical industry. In particular, we compared patenting and publication activities in Taiwan versus those of India. The results of our study demonstrate that the intellectual property regime (i.e., patents and publications) is playing a critical role in linking actors and institutions and is highly associated with the effectiveness of the innovation system in the pharmaceutical sector.

Understanding the correlation between the crystal cycle and the business cycle is important, because it can help managers to anticipate change, reduce environmental uncertainty, and formulate operational objectives. To this end, we focused on China and the U.S. in our analysis. We found that the economic indicators that were the most relevant in the characterization of China's huge and burgeoning TFT-LCD market are gross domestic production and industrial production. We complemented this finding by conducting similar analyses in the U.S. market using a more comprehensive list of economic indicators.

In this paper, we draw upon the concepts of chaos theory to examine technological change as a pattern of punctuated equilibrium through the alternation of continuity and discontinuity across time. We advocate the application of the chaos mathematical technique of time-varying local Lyapunov exponents to estimate the rates of change, timing of technological transitions and the continuity–discontinuity loop time periods. To illustrate our framework of ideas, we investigated and compared the development of four technologies – semiconductor, display, software, and biotechnology – from 1976 to 2005, using time series patent data. Implications for theory, method, and practice are discussed.

The existing research contributes to our understanding about the value of social capital in a wide range of social science disciplines; however, it does not well address the role of social capital in creativity for research and development (R&D) project teams in a given context. Using a sample of 54 R&D project teams in high-technology firms of Taiwan, we examined the impacts of social capital on creativity of R&D project teams from an intra-team perspective. Results of factor analysis revealed four factors extracted from the concept of social capital, namely social interaction, network ties, mutual trust, and shared goals. Findings suggested that social interaction and network ties had significant and positive impacts on creativity of R&D project teams, but mutual trust and shared goals did not. Managerial implications for managing social capital in R&D project teams are discussed.

This paper draws on a single longitudinal case study of Trend Micro, a leading anti-virus company, to examine its entrepreneurial, value-creating trajectory. Applying and extending an entrepreneurship perspective, the paper manifests positive effect, rather than negative effect, of environmental jolt on entrepreneurial actions including opportunity identification and opportunity exploitation. We find that environmental jolt is likely to shift customers' cognition, which is an important source of opportunity and, in turn, catalyzes opportunity exploitation through innovations for value creation. The paper concludes with a model of the value-creating trajectory of Trend Micro. Implications for research and practices are discussed.

This study examines the determinants of the timing of Taiwanese firms' entry into China. Our empirical findings suggest that this strategic decision is influenced by both economic and institutional concerns. In particular, we found that Taiwanese firms that expected greater benefits from early entry tended to be early entrants in China, while those that were more sensitive to uncertainty chose to defer their entry. We also found a curvilinear relationship between firm size and timing of entry into China. Our findings further indicate that the negative relationship between investment irreversibility and early entry is weaker in the presence of substantial perceived first mover advantages.

The purpose of this paper is to discuss and examine how two Taiwanese firms–TSMC and UMC–who compete in the highly dynamic global semiconductor industry, are able to use their unique strategies to create a new wafer foundry sector. The birth of foundry business gave rise to the vertical disintegration of the IC industry. As the foundry industry evolved along its life cycle of embryonic, growth to shake-out stage, the focus of the foundry business migrated from manufacturing-centric to technology-centric and now to customer-centric. Various strategies were adopted at each stage by the incumbents to cope with the changes in the industry environment to sustain business growth.

In this paper, we examine the different evolutionary processes and outcomes of the hard disk drive and liquid crystal display industries in Taiwan. To this end, we make two general theoretical claims. First, that an appreciation of the globalization of technology is as important as national institutions in understanding industry development in catch–up economies such as Taiwan. Second, in addressing both industrial survival and failure, that national institutions can have either a positive or a negative impact on sectoral activities. Empirically, we show that, in Taiwan, rigid social institutions conflict with the hard disk drive technology. This conflict, in turn, produces obstacles to Taiwanese firms’ search for new markets and skills in hard disk drives. On the other hand, Taiwan’s institutional structures provide a source of technical efficiency and market opportunity for the emerging liquid crystal display trajectory. This, in turn, drives Taiwanese industry towards adopting new practices in the manufacture of liquid crystal displays.

Emerging technologies have significant implications and profound consequences for firms, markets, government policy, and society as a whole. In emerging markets, however, social uncertainties are as important as technological and market uncertainties, and moreover are somewhat more complex. The papers in this special section offer views of how these important social uncertainties can be considered concurrently with technological and market uncertainties, particularly because they play a relatively larger role in emerging markets than in more advanced markets.

By connecting institutions within industrial evolution, this paper develops a set of systems of innovation to explain the innovative performance of Taiwan's personal computer industry. Three major institutional blocks are identified: technology as a paradigm; organizational routines that are historically rooted in the structure of economic dominance; and the state's governance as an institution of policy style. The paper explores how each of these institutions is important for innovation, and then identifies methods associated with creating and sustaining innovative performance. The analysis is focused at the level of industry segments, that is, one level below sectoral analysis. While institutional co-evolution in technology and society often results in improved performance of an industry segment, institutional conflicts are likely to produce obstacles to the search for new markets by national firms as well as hinder adaptation to a changing environment. This explains why Taiwan's personal computer industry is competitive and innovative in hardware, but lagging in distribution and software development. The paper concludes with several strategic and policy implications.

Drawing on institutional analysis of politics, this paper proposes a concept of policy system that is then applied empirically to Taiwan's industrial context of 1986–95. Contemporary political sciences now identify the institutionalization of state-business relations. Accounts differ, but generally they retain a strong sense of conventional rules in the formulation and implementation of industry policy. While taking this idea of rules seriously, we extend institutional perspectives on politics from the familiar confines of structural constraints to the institutional context of resources. Thus, a policy system is socially constructed with a variety of rules and resources, appreciable in the Taiwanese context.

This paper examines how geographically inter-organisational networks affect innovative performance of firms located in industrial clusters, especially the Hsinchu Science-based Industrial Park (HSIP) in Taiwan. Based on an exhaustive manual search of the United Daily News Group database, 1445 inter-organisational alliances were identified in the period from 1991 to 2002. This research revealed that the innovation performances of firms in industrial clusters may benefit not only from networking in industrial clusters but also from national and international networking. Policies should encourage industrial clusters to establish symbiotic innovation networks between local, national and global partners.