Mnc Report Essay

Submitted By alsgh2000
Words: 2222
Pages: 9
Open Document
Minho Choi
Dane Blevins
IMS 3310.003
12.11.2012

Individual MNC Report

Hyundai Motors

Introduction Hyundai Corporation was found in 1976 in South Korea, and it has now become a one of leading companies all over the world. Hyundai Corp. is a general trading company providing international trade and distribution services with such a variety of products as steel, heavy machinery, ships, industrial plants, automobiles, electronic and electrical equipments, chemical products and basic commodities. Of all various sectors in the Corporation, Hyundai Motor Company is most well known out to the world, and recently its international success and expansion has been quite noticeable and become a model to other companies. Especially, in the USA Hyundai and Kia, which is Hyundai’s sister company, gained enormous market share and recognition during the Toyota’s crisis. This paper will be focused mostly on Hyundai Motor Company out of many other sectors of Hyundai Corp., and analyzed in terms of Ethics and International expansion strategy. At the end, the author’s argument regarding his view of the firm is contained.

Ethics Hyundai Group started ethic management in 2004 to be self-sustainable. It was meant to pursue mutual benefit amongst customers, business partners and etc. by prohibiting moral hazard of employees and planting transparency, responsibility, and honesty to the work field. Thus, the company established ethical management department inside the company and also organized the principles of business conduct, the self-review questionnaire, and the code of conduct. The self-review questionnaire is supposed to pop up at every worker’s booting screen of personnel computer when logging into the intranet every day of first week so that they could be mindful of their active participation to the ethic management in work. Also, all the workers in the company are supposed to the pledge to abide by the various ethics codes, and if anyone violates they are to be disciplined according to a proper examination by the ethics management department.
In 2008, on the other hand, Hyundai Motor vowed that “it will pursue ‘Socially Responsible Management’ business schemes based on trust, with shareholders, customers, employees and even regional communities”, promising to focus on main three categories trust management, environmentally-friendly management and social contribution. (Yoo-Chul, Korea times) One good example is Hyundai Motor India Foundation (HMIF) in 2011. The HMIF started a project named ‘Go Green’ in Tamil Nadu, and promoted “environmentally friendly product”. (drivespark.com) They increased the green cover and provided a safe drinking water, cleanliness, hygiene conditions as well as 450 benches and 10 bore wells for the government school.
Besides, on April of 2008, Hyundai Motor started their first environmental project as the company’s social contribution program that they had not ever done before. They began a five year project, named ‘Hyundai Green Zone’, with the Korean Federation for Environmental Movement to make 50 km2 of a hungry soil in China into a grass land by 2012. The project was meant to stop the repetitive dust storm in Beijing and to bar desertification so there ecosystem could remain healthy. In the U.S, Hyundai had schemed to aid Chevron Texaco providing the construction of up to 6 hydrogen fuel stations in California in 2004. They promised to provide up to 32 Tucson fuel cell vehicles.

International expansion strategy According to Myung-Kee in his case study, Hyundai began to make strategies to increase access to overseas market since 1980s. One of strategies for the internationalization the company took was to develop joint ventures like advanced foreign auto makers that could make the company develop a car able to survive in the world market and, even forward, able to bit the other competitive models. It is not too much to say that both the advanced product design
Show More

Related Documents: Mnc Report Essay

Mgmt 302 Final Essay

Lauren Hodge-Clark Prof. McMahon MGMT 302-11 8 December 2014 Final Exam 1. What is the difference between downward communication and upward communication? What is the primary purpose of each? Is lateral communication any different? Downward communication- the transmission of information from manager to subordinate. Purpose-is to convey orders and information managers use to let their people know what it is that needs to be done and how well they are doing. Upward communication- the transfer of information…

Words 1569 - Pages 7

Business Research Management Essay

Introduction This report concentrates on the creation of a research report or model which could be used to find out how effective an expatriate remunerations package is of any specified MNC (Multinational corporations). Before we get in to the research aspect of this report let’s get an understanding of the most important subjects or terms that are to be under stood clearly before research can take place or even the model for research can be created. In the context of this research the two major…

Words 3503 - Pages 15

Globalisation: International Trade and Foreign Direct Investment Essay

be completed by student) STUDENT ID NO. AND INSTITUTE EMAIL ADDRESS: e.g. S1234567@mail.grimsby.ac.uk S0075965@mail.grimsby.ac.uk PROGRAMME TITLE: Fda Business management MODULE TITLE: International Business issues ASSESSMENT TYPE (e.g. report, essay, etc): Essay ANY LEARNING DIFFICULTY OR DISABILITY: EXTENTION GRANTED: EXTENTION DATE HAND IN: 12/11/13 NAME OF TUTOR: Karren Burrows PART TWO: SUMMATIVE ASSESSMENT (To be completed by academic staff) 1st Marker: Date:…

Words 2860 - Pages 12

Essay on Business Ethics Analysis

1. EXECUTIVE SUMMARY 1.1. The Description and Outline of Newmont Nusa Tenggara’s Case Study Newmont Mining Corporation is an American company, which is the second largest gold and copper producer in the world. It started mining in Indonesia at Sumbawa Island, West Nusa Tenggara and Minahasa Raya, Sulawesi. In 1999, Newmont Nusa Tenggara (NNT) was established with 45% share Newmont Mining Corporation, 35% share Sumitomo Corporation from Japan, and 20% share Pukuafu Indah from Indonesia…

Words 4874 - Pages 20

Financial Management In Multinational Organizations

be positives and negatives surrounding the details of a company’s transaction and capital costs while conducting business globally. As for the multinational companies, most of their monies are spent on preparations and audits of their accounting reports for better transparency of their economic stature and maximization of profits. Early in the 20th century showed an integration of national accounting system that were unified within the U.S. but soon incorporation of the standardized principles of…

Words 1889 - Pages 8

International Law In Contemporary World Politics

The report also stated poverty alleviation programs were ineffectual and implied corruption. Albeit, this report was funded by the Ford Foundation to report on its own programs, yet I was under the impression they were given freedom to report accurately. Even though the Ford Foundation was established by Henry Ford’s son, and not the company itself, it still represents the power and influence a MNC can exert. These reports are not controversial, but it does go towards…

Words 1910 - Pages 8

Sanctuary Soft Marketing

the US market or expand overseas. The four potential countries favour by Sanctuary Soft in its expansion plan included China, India, Germany and United Kingdom. In order to select a proper country for Sanctuary Soft’s first foreign expansion, this report will provide a detail explanation regard to the motivation of the first internationalization of Sanctuary Soft; the market opportunity of four…

Words 2388 - Pages 10

Coping with Corruption in Trading with China Essay

China. The most common methods used are trips abroad. Chinese officials, who rarely have a chance to visit overseas, often prefer foreign travel to cash or gifts. (This was especially true when few PRC officials had been abroad.) As a result, traders report that dangling foreign trips in front of their PRC clients has become a regular part of negotiating large trade deals that involve products with a technological component. “Foreign travel is always the first inducement we offer,” said an executive involved…

Words 1042 - Pages 5

Global Economy Essays

Part 1. Identification 1. The “irreconcilable trinity” - also known as the Unholy Trinity; meaning you can have at most two of the three irreconcilable goals which are national autonomy, fixed exchange rates, or free open capital movements (Gilpin, pgs. 122-123). 2. “Chimerica” – Simply put it is a symbiotic relationship between the United States and China. Both parties benefited from this union until the financial crisis (Ferguson, pgs. 335-33). 3. 1934 RTAA (Reciprocal Trade Agreements Act)…

Words 4517 - Pages 19

Financial Management Notes Essay

FINA3326: APPLIED FINANCIAL MANAGEMENT MULTINATIONAL AND EXCHANGE RATES ------------------------------------------------- MULTINATIONAL CORPORATION (MNC) ------------------------------------------------- ↓ ------------------------------------------------- FOREIGN EXCHANGE MARKETS ------------------------------------------------- ↓ ↓…

Words 3760 - Pages 16