_Hard to satisfy local responsibility demands
_Highly dependent on suppliers
“Where would IKEA have been today,
if it was not for the problems
faced with Swedish suppliers
in the early 1960s?”
_Sofa weren’t big enough
_Drawers were not deep enough
_Glasses were two small
_Curtains too short
_Kitchen didn’t fit U.S size appliances
had lost more than 14 billion Swiss francs ($14 billion) in foreign currency holdings in the first half of the year, after a fall in the euro’s value ate into the bank’s reserves.
The Swiss franc is also seen by investors as a relative haven and has also strengthened amid global financial unrest. This month, the franc hit a record high against the euro.
“The Japanese authorities nee
The main causes of downturn after 1995 –
A slump in export earning
The weakening of the yen
The end of equipment and infrastructure investment boom
High wages, high interest rate and high land prices
Won appreciation in1994-95 ↑
A loss of international competitiveness
Won devaluation in 1996 ↓
competitiveness improvement
price competitive
Core competition elements are based device on total solution.
Table show short term cash flow
Ideal cash flow is
Cash Flows from operating activities ( + )
Cash flows from investing activities ( - )
Cash flows from financing activities ( - )
Because…
The invest needed to growth. Invest flow(-)
They will pay back the loans and dividend to the stockho
2-3. Rapidly Growing Logistics Market
South Korea boasts an excellent location in Northeast Asia and a superior logistics infrastructure which is linked to various major cities in the region. South Korea's world-class manufacturing companies including Samsung Electronics, Hyundai-Kia Motors, LG Electronics, LG Display, Hynix Semiconductors, Hyundai Heavy Industries, POSCO, and Hyundai MOBIS pro
* M1, M2, M3
통화의 기능 및 정책목표에 따라 규정되는 통화량 지표이다.
M1은 일반적으로 지불수단이 되는 현금통화 및 요구불예금만을 포함하는 협의의 통화지표이며, 여기에 저축성 예금환이 포함되어 광의의 총통화 M2를 구성한다. M1, M2가 화폐의 창출 기능을 갖는 통화금융기관 만의 금융자산만을
ⅱ) Insolvency of enterprise and bank
- Insolvency of enterprise
In 1997, average debt ratio of Korea enterprises was 333%. It was relatively higher than that of USA(159%) and Japan(206%)
It caused insolvency of the enterprises, which lead to major companies went bankrupt.
- Insolvency of bank
at that time, Many Chiefs of financial organizations was sent from above(낙하산 인사).
Korea to Customer Satisfaction stable Raw Materials Advanced New Technology in BRICs and South Africa.
3) Posco Global Strategy
① Investment in Raw Materials : To get stable raw materials, Posco invests in Australia, Brazil, Canada, and South Africa.
② Investment in Steel Business : To be a leader in Asian markets, POSCO invested in emerging Asian markets by
Founded 1926. 6.20
Wide range of product
-Pharmaceuticals, Household products, IT
Export API (Active Pharmaceutical Ingredients)
Levanex - domestically developed new ulcer drug
Price sales to numerous typical consumers through discount outlet in sales market. It described as ‘monopoly or few sellers with numerous purchasers’ that represents imperfect market structure which has characteristic of monophony supplies or oligopoly supplies.
[ Picture - 3. Supply system in agricultural products of big marts]
I. Analyze characteristic of rice sales of big marts.