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Hyundai Management Style

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Kwon il Han

on 15 July 2014

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Transcript of Hyundai Management Style

Customer, Challenge, Collaboration, People, Globality
Major business of Hyundai Group
Core Values
Introduction of Hyundai corporation
Hyundai Motors
Largest automobile manufacture in South Korea

Second largest automaker in Asia

World's fourth largest automaker
Tuesday, July 15, 2014
Kwon il Han, Young hyeon Oh
Structure of management philosophy
Disagreement between management and workers
Management Failures
-significant lost production at their Ulsan production lines because of disagreement between the labor and management

-After 8 years of denial, Hyundai finally admitted to using illegal use of dispatch workers

-Hyundai is now promising to re-sort employees at locations where illegal dispatches were found to have taken place and in-house subcontractor employees are employed and to regularize workers.

Hyundai Management Style
Hyundai Management Philosophy
Realize the dream of mankind by creating a new future through ingenious thinking and continuously challenging new frontiers

Realization of Possibilities + Unlimited Sense of Responsibility + Respect for Mankind

1947 - Hyundai Togun (Hyundai Engineering and Construction), is the initial company of the Hyundai Group, was established by Choi Ju Yung.

1967 - Hyundai Motors was established. In 1975, the group begins construction on an intergrated car factory and launches a new Korean vehicle.

1976 - Hyundai Corporation is established as a trading arm. The same year, Asia Merchant Marine Co. established, later renamed Hyundai Merchant Marine.
Continuous Problem

More requests from workers

Raised salary, extra grant, their children's college tuition, 10 million won even if they do not intend to go to college, better working environment, less working time...

-but keep going on strike while getting paid almost 200 million won annually (highest 5% in Korea as engineers)
-loss 2 trillion won of company profit
-more than 10 million man hour of lost production

Why not thinking of the company's profit first?

Management Achievement or not(?)
For the aspect of Globalization
Tuesday, July 15, 2014
page 2
Labor union still on strike

The union leadership needs to really consider what is in the best interests of their members and the future of company.

And the management and labor union should communicate together and try to run their company as their philosophy.

Full transcript