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Hyundai and Kia Motors: The Early Years and Product Development by Donald G Southerton provides deep insights into the rise of the Korean car industry.From the 1960s to early 2000s, political and economic forces impacted the growth and development of the South Korean carmakers, including Hyundai and Kia Motors. In addition, the brands at times partnered for technology with Ford, Mazda, and Mitsubishi, along with world class designers like Giorgetto Giugiaro. Expanding rapidly the Korean brands soon looked to new international markets, including the U.S.Despite the failure of Kia Motors to survive the IMF Crisis, the merger with Hyundai led to integrated technology research, development, and manufacturing-- not to mention the economies of scale needed for the Korean automaker to compete globally with industry heavyweights such as Toyota, Ford, GM, and VW. Car models discussed including the Kia's Brisa, Pride, Sephia, Sportage, and Rio along with Hyundai's Pony, Excel and Santa Fe.
Korea 101: The Book Shares an In-depth Look at Korean Business Don Southerton reflects on 20 years of insights and experiences from a Cultural Perspective. Korean global business advisor and strategist Don Southerton has released his latest publication, Korea 101: The Book—20 Years of Insights and Anecdotes. Southerton notes, “For over 20 years, I have presented Korea 101 programs to more than 10,000 participants across the globe. For the first time, Korea 101: The Book shares insights and experiences with my ‘boots on the ground’ in the classroom, boardroom, and, more recently, remotely.” Southerton adds, “Topics include an in depth look at Korea with milestones, interviews, case studies, articles, and writing—all based on my research, consultancy experiences, and observations. This practice continues today.”
Colorado's Henry Collbran and the Roots of Early Korean Entrepreneurialism explores the business efforts of British-born Henry Collbran who brought modern technology and innovation to the Korean peninsula. Stepping back in time Southerton's latest work tells the fascinating story of Henry Collbran who left Colorado in 1896 and traveled to Korea with hopes of a lucrative gold mining opportunity. Seeing little potential in mining, Collbran successfully constructed the nation's first railway from Incheon to Seoul. Collbran then secured the franchise from the Korean monarch Kojong to build a modern electric streetcar system. Over the next several years, the entrepreneur added additional business ventures, including the first telephone system, a modern waterworks, a bank, a coin mint, and even a movie theater. During his later years in Korea and with financial support of Colorado beer baron Adolph Coors and other investors, Collbran turned his effort to highly lucrative gold and copper mining operations before eventually retiring to a life of leisure in London.Author Don Southerton points out, "Westerners like Collbran provided Korea with capital, technology, and know-how. These efforts contributed to the early development and economic growth of the region, which in turn provided the foundation for Korea's impressive late twentieth century industrial accomplishments."
In the closing years of the nineteenth century, East Asia saw traditional institutions erode under the weight of modernization, westernization, and imperialism. Unlike Japan, which by the late 1860s boldly embraced western thought and technology, Korea's orthodox Neo-Confucian elites resisted change. Trade agreements signed in the 1880s led to some reforms and the "opening" of Korea to the West. Soon China, Japan, Russia, France, Germany, and Great Britain vied for economic opportunity. Significantly, American missionaries and traders formed a core cadre among the foreigners who ventured to what the West called the Hermit Kingdom. Meanwhile, open conflict erupted on the peninsula between rival Japanese and Chinese forces. The outcome was substantial socio-economic transformation. By 1895, the Korean monarch King Kojong looked to align with the West to thwart ever-growing Japanese imperialism. King Kojong pursued a strategy of granting trade concessions to westerners in hopes that the investors would pressure their governments to support the monarchy and contain Japanese imperialism.The most successful of these concessions were granted to several Americans. By the early 1900s, the American-run Northern Frontier mines were among the richest in Asia. It is here, in what is today North Korea, that Connecticut-born Josh Gillet ventures and Book Three of A Yankee in the Land of the Morning Calm saga continues....
As strategic business models are important to understand the transformative operations of an enterprise system, for present and future competitiveness, Betz's exploration into both manufacturing and financial firms, along with retailing firms and conglomerates, broadens the business literature.
In the wake of the recent accomplishments of the Hyundai Motor Group and respectively the Hyundai Motor and Kia Motors brands a question is often raised, “What makes Hyundai so successful?” My objective for Hyundai Way: Hyundai Speed is to share insights into the Hyundai Motor Group—a unique inside view of a unique corporate culture.
This book's intended audience and focus is the ever-growing number of Westerners employed by Korean-based companies outside South Korea. This book provides greater awareness into the Korean workplace and mindset. We also share a strategy and the skills to succeed. Likewise, if your firm provides services or products to a South Korean overseas subsidiary or operation, this book will be beneficial and offers tactics to strengthen and maintain the relationship. Finally, if your company has significant business in Korea, but leadership and headquarters are located in the West, we offer suggestions to key management on how best to deal with pressing issues and challenges that surface.
Author Southerton notes, “We see a radical change underway within the leading companies in Korea. In fact, in the Korean workplace, once known for conformity and protocols, is undergoing substantial change.” Exploring this change is at the core of this new book. Southerton adds, “Topics include restructuring of age-old corporate norms such as more casual dress, a simplification of workplace titles leading to flatter organizations, and the pushback against workplace bullying and gender discrimination. It also drills deeper and provides readers with workarounds, work through, and insights.” This publication embraces new participatory communications practices and encourages the participation of its readers to share their thoughts and inputs.
The automotive industry is still one of the world's largest manufacturing sectors, but it suffers from being very technology-focused as well as being relatively short-term focused. There is little emphasis within the industry and its consultancy and analyst supply network on the broader social and economic impacts of automobility and of the sector that provides it. The Global Automotive Industry addresses this need and is a first port of call for any academic, official or consultant wanting an overview of the state of the industry. An international team of specialist researchers, both from academia and business, review and analyse the key issues that make vehicle manufacturing still the world’s premier manufacturing sector, closely tied in with the fortunes of both established and newly emerging economies. In doing so, it covers issues related to manufacturing, both established practices as well as new developments; issues relating to distribution, marketing and retail, vehicle technologies and regulatory trends; and, crucially, labour practices and the people who build cars. In all this it explains both how the current situation arose and also likely future trajectories both in terms of social and regulatory trends, as the technological, marketing and labour practice responses to those, leading in many cases to the development of new business models. Key features Provides a global overview of the automotive industry, covering its current state and considering future challenges Contains contributions from international specialists in the automotive sector Presents current research and sets this in an historical and broader industry context Covers threats to the industry, including globalization, economic and environmental sustainability The Global Automotive Industry is a must-have reference for researchers and practitioners in the automotive industry and is an excellent source of information for business schools, governments, and graduate and undergraduate students in automotive engineering.
This book challenges the widely accepted notion that globalization encourages economic convergence--and, by extension, cultural homogenization--across national borders. A systematic comparison of organizational change in Argentina, South Korea, and Spain since 1950 finds that global competition forces countries to exploit their distinctive strengths, resulting in unique development trajectories. Analyzing the social, political, and economic conditions underpinning the rise of various organizational forms, Guillén shows that business groups, small enterprises, and foreign multinationals play different economic roles depending on a country's path to development. Business groups thrive when there is foreign-trade and investment protectionism and are best suited to undertake large-scale, capital-intensive activities such as automobile assembly and construction. Their growth and diversification come at the expense of smaller firms and foreign multinationals. In contrast, small and medium enterprises are best fitted to compete in knowledge-intensive activities such as component manufacturing and branded consumer goods. They prosper in the absence of restrictions on export-oriented multinationals. The book ends on an optimistic note by presenting evidence that it is possible--though not easy--for countries to break through the glass ceiling separating poor from rich. It concludes that globalization encourages economic diversity and that democracy is the form of government best suited to deal with globalization's contingencies. Against those who contend that the transition to markets must come before the transition to ballots, Guillén argues that democratization can and should precede economic modernization. This is applied economic sociology at its best--broad, topical, full of interesting political implications, and critical of the conventional wisdom.