1). Management Philosophy
Hyundai Motors philosophy is to realize the dream of mankind by creating a new future through ingenious thinking and continuously challenging new frontiers. The concept consists of three frames; 1) Realization of Possibilities, 2) Unlimited Sense of Responsibility, and 3) Respect for Mankind.
2). Core Values
HMC defined their new corporate philosophy based on their ex
Ⅰ. Introduction
A car accident in San Diego occurred in August 28th 2009, which cost four people’s lives became a hot issue in USA. The phone call from the driver just before the car, Rexus, crashed into to guardrail was the reason; the driver shouted through the phone that the accelerator pedal was broken. After the accident, Toyota officially announced that the incident was not because o
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Back ground
Past: good quality, price, supply
Current: stakeholders, the need for corporate ethics
Definition
The obligations of companies that while striving for Corporate profits and sustainable development through complying charitable and ethical responsibility to contribute to society.
6 types of CSR
Public service campaign
Public service mar
of working circumstance for employees by giving them opportunities to share responsibility and make decisions.
2) Hyundai Motor's Plan
As written at this report before, the original organizational structure, functional structure has long response time to environmental change. The world economy changes drastically, therefore Hyundai motor decided to change the organizational structure.
. Different Types of knowledge
1. Procedural or Declarative Knowledge
The first distinction is that between declarative knowledge and procedural knowledge. Declarative knowledge focuses on beliefs about relationship among variables. For example, greater price charged for a product would cause reduction in number of sales. Declarative knowledge can be stated in the expected corr