Essays on Hyundai Motor Company

Figure 1 Generated and Projected Revenue from global automobile industry 6 Figure 2 Total Revenue and Net Profit after Tax of Toyota in Australia during 2008-2013 7 Figure 3 Total Revenue and Net Profit after Tax of Mitsubishi in Australia during 2009-2014 9 Figure 4 Total Revenue and Net Profit after Tax of Hyundai in Australia during 2008-2013 10

International Business Management: Global Operation of Toyota, Mitsubishi and Hyundai

Forewords International business management refers to the strategies and approaches adopted to further the cause of business development on a global basis. Strategies may encompass the corporate strategy, organizational design, and supply chain structure of the industry. ...

Abstract

Supply chain activities require proper coordination and a good network of logistics that ensure prompt acquisition of materials, good control of manufacturing processes and distribution of products to dealers or retail consumers. It is important for the management of Hyundai to adopt total quality management, quality improvement, and strategic planning among other models of leadership to ensure production of quality items that meet customers’ satisfaction. Besides, having a good sales and marketing strategy is essential for sustainability of Hyundai operations. Lean Six Sigma is a concept that can be adopted and implemented in the company as an approach to ensure sustainability. This ...

Hyundai Motor Company (HMC), a South Korean automobile manufacturer is the fifth largest automobile company that was founded in 1967, and entered the US market in 1986. In just a few decades Hyundai Motor proved to be the most reliable, trustworthy, robust and technically sound company in the automobile sector. During the initial days of setup Hyundai Motor faced financial problems that led to cut the workforce and offer two years compensation and several retirement options for the laid off labors. Hyundai executives who were charged with solving the labor problem while holding down costs and improving efficiency cited “the Hyundai ...

- Introduction Hyundai Motor Company is the Korea’s largest automotive manufacturer that established its direct investment in United States on April 2, 2002. The company invested $1 billion to establish an automotive assembly and manufacturing plant in Montgomery, Alabama. Hyundai Motor Manufacturing Alabama (HMMA) was later incorporated on April 12, the same year. However, the grand opening of the HMMA was initiated by the Hyundai KIA Automotive Group’s chairman and chief executive, Chung Mong-koo, and Alabama governor, Bob Riley on May 20, 2005. The HMMA plant consumed $1.7 billion to be established making it the ...