THE ROAD TO THE SELF-RELIANCE NEW PRODUCT DEVELOPMENT OF HYUNDAI MOTOR COMPANY June 1995 Young-suk Hyun Ph.D Professor‚ Business Administration Han Nam University Taejon KOREA 133 Ojung-dong Taejon 300-791‚ KOREA Tel : 82-42-629-7588 Fax : 82-42-672-7183 1 THE ROAD TO THE SELF-RELIANCE NEW PRODUCT DEVELOPMENT OF HYUNDAI MOTOR COMPANY 1. Introduction 2. Hyundai ’s Philosophy in New Product Development (NPD): The Road to the Technological Self-reliance 3 Key Role Persons
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known global brands‚ new tecnoloy and advanced market distribution channels to thetata motrs portfolio High debt / equity levels So grounded in India Maintain the character of the company versus realizing synergies Risk averse managmenet Tata Motors is the staple of Indian transportation and the company has grounded itself within the Indian culture for its life-span. As the company contemplates its next moves for internationalization going forward‚ it is important to think about the way it will
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Case 2 Tata Motors 1. Describe the economic characteristics of the global motor vehicle industry. The 2008 financial crisis began in the American subprime mortgage crisis‚ eventually evolved into a global financial crisis. Most countries because of the impact of the financial crisis‚ leading to a sharp slowdown in consumer’s vehicle demand. Also‚ because of the financial crisis‚ the global motor vehicle industry experienced a full-scale market competition. Some small car companies to be phased
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INTRODUCTION Tata Motors limited was established under the parent company Tata Group in 1945. When Tata Motors was established it first started producing locomotives and engineering products. In 1954 Tata motors started to produce medium-sized commercial vehicles‚ when it reached a collaborative agreement with Daimler Benz AG. Tata motors produced its first independently designed light vehicle in 1986‚ which was called Tata 407. In 1994 Tata Motors first started manufacturing passenger cars when
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General Motors was founded in September of 1908 by William Durant during a time that there were less than 8‚000 in the United States. Durant was already known in Flint‚ Michigan for his horse drawn vehicles. “At its inception GM held only the Buick Motor Company‚ but in a matter of years would acquire more than 20 companies including Oldsmobile‚ Cadillac‚ and Oakland‚ today known as Pontiac.”(History & Heritage-Creation‚” 2014) General Motors set the tone in the automobile industry with design
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Malaysia with a population roughly 30 million in 2013(Trading Economics‚2014) is one of the fastest growing countries in the East. This results from unavoidable phenomena of globalization that bring together global companies becoming one market including in Malaysia. Consumers are presented with a variety of international brands such as Apple‚ Mercedes-Benz‚ and Rolex watches. Therefore‚ it increases the degree competition between domestic and foreign product. Generally‚ the competition involves
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since its founding as a motorcycle manufacturer on July 1‚ 1955‚ Yamaha Motor Company has worked to build products which stand among the very best in the world through its constant pursuit of quality; and at the same time‚ through these products‚ it has sought to contribute to the quality of life of people all over the world. Following on the success of our motorcycles‚ Yamaha began manufacturing powerboats and outboard motors in 1960. Since then‚ we have used our engine and FRP technology as a base
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Korea motor industry Dahl Ochola Owino 2nd Year George Onyango 24‚ 12‚ 2012 Executive summary The motor car industry has experienced expansion as result of the government support and the management strategies of the particular firms. This report analyses the motor industry in Korea especially the evolutionary learning of two companies‚ the firms’ strategies and the industry policy of the country‚ the report further looks at the various phases that the firms in the industry undergone for
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1. What factors accounted for GM’s return to profitability? Explain and provide a rationale for the prospects of continuing this rise. The first thing GM did to help them return to profitability was the revamping of product development. GM had too much focus on the engineering process of development. This led to the difficulty of getting a bold design off the drawing board and through the lengthy development process. Under the lead of CTO John Lauckner‚ GM came up with a streamlined process that
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company over time (e.g.‚ critical incidents) General Motors (GM) was founded in 1908. William C. Durant brought together 25 independent car companies to form one large corporation. Each company held its own identity as GM operated as central administration office for the 25 divisions. Due to high cost in manufacturing of automobiles‚ GM was only able to target wealthy customers who could afford cars. Then Henry Ford‚ owner and founder of Ford Motor Company‚ revolutionizes the production process of manufacturing
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