This paper is published in Volume-4, Issue-1, 2018
Area
Management
Author
Hardik Jain
Co-authors
Shantanu Kaushik
Org/Univ
Christ University, Bangalore, Karnataka, India
Pub. Date
15 January, 2018
Paper ID
V4I1-1210
Publisher
Keywords
South Korea, Management Transition, Western Style

Citationsacebook

IEEE
Hardik Jain , Shantanu Kaushik . Making of Two South Korean Chaebols: Samsung and Hyundai, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Hardik Jain , Shantanu Kaushik (2018). Making of Two South Korean Chaebols: Samsung and Hyundai. International Journal of Advance Research, Ideas and Innovations in Technology, 4(1) www.IJARIIT.com.

MLA
Hardik Jain , Shantanu Kaushik . "Making of Two South Korean Chaebols: Samsung and Hyundai." International Journal of Advance Research, Ideas and Innovations in Technology 4.1 (2018). www.IJARIIT.com.

Abstract

The management system of South Korean companies has been influenced by their traditional beliefs and values of Confucianism bought up by Chinese in the 15th century. Yet, this Confucius management style was shifted to western style after the Asian financial crisis of 1997. Few prominent conglomerate led to the growth of South Korea from developing the country to one the wealthiest country in the world. This paper aims to evaluate this management transition in two major South Korean companies i.e. Samsung and Hyundai. This paper shows how management system changed in South Korea in five main major vectors: (A) Decision-making style, (B) shift to corporate governance, (c) change in performance management, (D) corporate social responsibility, (E) government intervention and support
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