CASE STUDY HYUNDAI: LEADING THE WAY IN THE GLOBAL AUTO INDUSTRY DARI KASUS HYUNDAI‚ JAWABLAH PERTANYAAN DIBAWAH INI: 1. What are the roles of comparative and competitive advantages in Hyundai’s success? Illustrate your answers by providing specific examples of natural and acquired advantages that Hyundai employs to succeed in the global car industry. 2. In terms of Factor Proportions Theory‚ what abundant factors does Hyundai leverage in its worldwide operations? Provide examples and
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Introduction Hyundai automotive distributors were established in 1967. The company has displayed a high level of commitment to southern Africa’s future from both an economic and political point of view. There are many different types of market entry strategies that may be implemented by a foreign firm in an emerging country. Amongst the most popular are: 1. Portfolio Investment; 2. Export 3. Franchising 4. Licensing 5. Shared Equity/ Joint Venture The initial market entry strategy implemented
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Hyundai communication in business This report contains our recommendations with regards to compliance with principle eight which states “businesses should undertake initiatives to promote greater environmental responsibility” and principle ten which states “businesses should work against corruption in all its forms‚ including extortion and bribery.” We believe these two terms are of great importance in Australia‚ so both of them should be emphasized in the local network. Hyundai has long been
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About HMC The Hyundai Motor Company (HMC) is the largest South Korean automobile manufacturer‚ which is the fifth largest automaker in the world. In 2006 and occupied the 10th place in the world ranking of OICA. In 2007 Hyundai again have excellent grades in initial quality survey by JD Power‚ one of the indicators of the industry most respected and that measures the performance of cars and customer satisfaction during the first 3 months of use. In Korean‚ the word Hyundai means "modernity”
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CASE: SM-122 DATE: 11/14/03 HYUNDAI MOTOR COMPANY We are disappointed when what we did is undervalued. But that’s the time we feel the need to do something. —Mong-Koo Chung‚ Chairman and CEO of Hyundai Motor Company Hyundai Motor Company (HMC)‚ the largest automobile company in Korea‚ went through some tumultuous events since it entered the U.S. auto market in 1986. After a promising beginning‚ a “Hyundai Car” became a synonym for a cheap car‚ suitable only for the lower class or a cheapskate
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to which the globalization strategies of Hyundai must adjust. Then‚ I will explore the transition of globalization strategy from transplants in the core market to set-up the KD production site in periphery regions from 1985 through 1995. There was a clear change in Hyundai’s globalization strategy at the end of the 1990s that has been primarily built by Global Top- 10 strategy. The closing reflections deal with the multi-regional strategy of Hyundai. GLOBALIZATION‚ FIRM ORGANIZATION
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this company? In consumer markets‚ one of the key forces is demographics. Difference in the size of commercial‚ industrial or residential customer with respect to both employees and sales are likely to contribute to differences in customer needs. Hyundai Elantra is best described as an affordable transportation. The ideal location for the market is educational and industrial communities. The age group that prefers to buy is normally low to medium income individuals and households such as college students
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Marketing Strategies - HYUNDAI The case discusses the marketing strategies of Korea based Hyundai Motor Company (HMC) in India. HMC entered India by establishing its wholly owned subsidiary Hyundai Motors India Limited (HMIL) in 1996. Within a year of launch of its first product - Santro‚ HMIL had emerged as the second largest car company in India. The case describes in detail the entry‚ product‚ pricing‚ distribution and promotional strategies of HMIL. The case briefs the challenges faced
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1) What are the roles of comparative and competitive advantages in Hyundai’s success? Illustrate your answer by providing specific examples of natural and acquired advantages that Hyundai employs to succeed in the global car industry. ANS: Demand in South Korea is too low to sustain indigenous automakers like HMC and Kia‚ thus exporting is a necessity to attain the economies of scale needed to remain competitive in a tough industry. South Korea enjoys various national competitive advantages
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first strategies Hyundai should consider is the development of luxury vehicles which could then be heavily marketed toward the upper and middle class cultural societies in United States‚ China‚ Japan‚ Europe‚ etc. While Hyundai has come a long way since it first began‚ the automobile manufacturer has a long path of growth and expansion to meet the consumer recognition of the competition. There are both pros and cons of this type of strategic plan. The greatest advantage presents Hyundai the opportunity
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