in an industry with an increasing number of players‚ companies have to be able to stay on top of their costs‚ as well as that of their competitors. Costing is a very tricky business in itself. Companies are wont to making costing mistakes by going with the wrong assumptions. The case of Tork versus LG shows how Tork conducts its breakdown of competitor costs in order to come up with strategies that will eliminate the costing advantage of LG. Tork is also burdened by an additional dilemma of continuing
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but will also generate new revenue streams for future growth. The company also continued to invest in infrastructure development and addition of network capacity with a view to enhance services and to expand its reach across the country. SWOT ANALYSIS Strengths •Largest operational network and infrastructure within ICT (Information & Communication Technologies) segment. •An integrated Monopoly. • Market leadership in Local loop‚ Wireless local loop (WLL) and fixed telephony
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OneSource One-Stop Report LG Corp. 5 February 2013 OneSource One-Stop Reports for LG Corp. LG Corp. LG Twin Tower 20‚ Yeouido-Dong‚ Yeongdeungpo-Gu Seoul‚ 150721 Korea‚ Republic of Tel: Fax: 82-2-37771114 82-2-37732292 Employees: Company Type: Corporate Family: Traded: Incorporation Date: Auditor: 92 Public Parent 212 Companies Korea Stock Exchange: 05-Jan-1947 Deloitte & Touche LLP Financials in: GBP (000) 003550 Fiscal Year End: 31-Dec-2011 Reporting Currency: South Korean Won
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COMPANY BACKGROUND The company was originally established in 1958 as GoldStar‚ producing radios‚ TVs‚ refrigerators‚ washing machines‚ and air conditioners. The LG Group was a merger of two Korean companies‚ Lucky and GoldStar‚ from which the abbreviation of LG was derived. The current "Life’s Good" slogan is a backronym*. Before the corporate name change to LG‚ household products were sold under the brand name of Lucky‚ while electronic products were sold under the brand name of GoldStar (Hangul:금성)
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impossible to predict. The LG Corp is South Korea’s second largest conglomerate that produces electronics‚ chemicals‚ and telecommunications products and operates subsidiaries like LG Electronics‚ LG Display‚ LG Telecom and LG Chem in over 80 countries. Since its founding in 1958‚ LG Electronics has led the way to an ever-more advanced digital era. Along the way‚ its constantly evolving technological expertise has lent itself to many new products and applied technologies. Pre 2008 lg electronics marketed
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Vision (orginal avail in website) LG Electronics continues to pursue its 21st century vision of becoming a worldwide leader in digital—ensuring customer satisfaction through innovative products and superior service while aiming to rank among the world’s top three electronics‚ information‚ and telecommunications firms by 2010. Mission The mission of LG is to provide the customers with utmost satisfaction through leadership. The fundamental policy of development is to secure product leadership
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and will flash its expiry date on the panel‚" LG Electronics Executive Vice President and CEO‚ Home Appliances Co‚ Moon B. Shin http://www.authorstream.com/Presentation/vikasindian001-643284-refrigerator/ Dios - capacity of about 800 liters. - luxurious refrigerators- price that lies between Rs. 80‚000 to Rs. 2‚ 50‚000 – 2006 – high end product Frost Free - capacity of about 600 liters - between Rs. 20‚000 to Rs.60‚ 000. Direct Cool - The first LG Direct cool refrigerator was put on in the year
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P (political) E (economical) S (social) T (technological) ANALYSIS -is used to identify the external forces affecting an organization. * Political Factors * The basic understanding is when the government implement’s laws and or regulations which affect the way a business operate. * Is used to identify the external forces affecting an organization. It can create advantages and opportunities for organizations. Conversely they can place obligations and duties on organizations
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HRM Human resource management is a strategic and coherent approach to the management of an organization’s most valued assets – the people working there‚ who individually and collectively contribute to the achievement of its objectives. Boxall et al(2007) describe HRM as ‘the management of work and people towards desired ends’. John Storey (1989) believes that HRM can be regarded as a ‘set of interrelated policies with an ideological and philosophical underpinning’. He suggests four aspects that
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customer/end-user drivers interest/ exchange rates international trade and monetary issues criteria examples lifestyle trends demographics consumer attitudes and opinions media views law changes affecting social factors brand‚ company‚ technology image consumer buying patterns fashion and role models major events and influences buying access and trends ethnic/religious factors advertising and publicity ethical issues Social 1. Parents availability for transplant
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