Towards Integrated Business Resilience Model Against Business Crisis in China, Japan, and South Korea-Comparative Case Study on Sanlu, Toyota, and Samsung

No matter how big companies emphasize their business transparency and business ethics, scandals never stopped showing up in the business world, including in East Asia. Business is the footstone of the economy; hence, it is critical for firms to avoid corporate scandal to escape from breakdown by look deep into the technical details of the mechanism of formation of business scandals in the dominant economy entities in the region, which are China, Japan, and South Korea. This paper examines the reasons for the risen of massive corporate public scandals of the key business players in each countries' in respective industries via deploying the Stage Model proposed by Turner and Kayes (2015). With offering the timeline of business scandals of Sanlu, Toyota, and Samsung, a detailed comparative analysis focused on the similarities and differences originated from the views of business strategy, business resilience, and corporate social responsibility (CSR). This paper introduces the relative academic implication and empirical implications in the later section as well for highlighting the advantages and disadvantages of the existing theory and the lessons learned from the three cases.