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Слайд 2: Phases of Growth by Ichak Adizes Courtship. In 1937-1940 the founder of Hyundai Motor Corporation was working in his rice plant. However, in 1939, the Japanese Governor-General appointed to govern Korea amended the legislation, recognizing rice as a product necessary for military purposes, and introduced a rationing system. As a result, Jung Joo-Young was forced to close the business. At the same time, he had an idea of creating a new business. But in order to reopen the case, it was necessary to understand in which areas the Japanese authorities would allow him to operate without much regulation. Infancy. In 1940, Jung Joo-young was able to open a tiny car repair shop, although he did not know how to drive himself and did not know much about mechanics. To protect the business, he found a partner in Japan. The clients of the workshop were captivated by the schedule - it worked 17 hours a day without weekends and holidays. In addition, Jung Joo Young understood the importance of good service, so the workshop served quickly and efficiently, and regular customers were treated to Korean cuisine. Infant Mortality. In 1943, the Japanese authorities took away the auto repair shop. The entrepreneur returned to his native village, where he owned a small business. He lived there until the end of World War II. In 1946, Jung Joo Young returned to Seoul, where he relaunched his own company, Hyundai Motor Industrial. He correctly chose a niche, engaged in the repair of US military transport. In 1947, he founded another company, Hyundai Civil Industries (now called Hyundai Engineering and Construction), which was engaged in construction. This is considered the official beginning of the history of the Hyundai holding. Go-go. In 1946, Jung Joo Young returned to Seoul, where he relaunched his own company, Hyundai Motor Industrial. He correctly chose a niche, engaged in the repair of US military transport. In 1947, he founded another company, Hyundai Civil Industries (now called Hyundai Engineering and Construction), which was engaged in construction. This is considered the official beginning of the history of the Hyundai holding. At first, it was a small brigade: the entire staff consisted of the owner and 11 workers. However, soon his younger brother, who spoke good English, came to the rescue. This turned out to be decisive: during the Korean War, the company had no equal in obtaining contracts from the American military. The Americans paid well. This circumstance, combined with the luck and hard work of the owner, helped the company survive the Korean War and get back on its feet. By the end of the 50s, the brainchild of Jung Joo Young was already a large company by Korean standards. In the spring of 1961, a military coup took place, organized by General Park Chung-hee. At first, the general focused on the construction of Korea, devastated by strife, and the Hyundai corporation distinguished itself in the eyes of the country's leadership, successfully fulfilling several government orders, in particular, for the restoration of the bridge in Seoul blown up during the Korean War. In 1967, Hyundai Motor Company was founded. The company began with the small-scale production of the first licensed cars - Ford Cortina sedans, Ford Granada and Ford D-750 trucks. But already in the early 70s, Hyundai conceived the idea of entering the world car market with its own brand. Through the efforts of former car mechanic Jung Joo-young, by 1990, Korea became one of the world's leading car manufacturers. In 1975, the MIPO shipyard was acquired, which gradually turned into one of the world's largest shipbuilding companies - Hyundai Mipo Doyard. In 1975, the steel company Hyundai Pipe was added to the conglomerate. Later, this company began to work in other countries of the world, including China, the USA, Brazil, the Czech Republic, India and Russia. Now it is known as Hyundai Hysco. In 1976, Hyundai Machine Tools, now known as Hyundai Wia, was established, which manufactures lathes and milling machines. In 1977, an agreement was signed with the German Siemens, which marked the beginning of the manufacturer of electrical equipment Hyundai Electrical Engineering. In 1987, the holding included 34 subsidiaries, the enterprises of which employed 159 thousand people. In the early 1990s, the Hyundai Group was South Korea's second-largest conglomerate. By the mid-90s, it had more than 60 subsidiaries and more than 200 thousand employees. The concern produced ships, cars, electronics, locomotives, machine tools, electrical equipment, steel, was engaged in petrochemistry, construction and insurance. A complex system of cross-ownership of shares meant that all companies of the concern were under the firm control of the board of directors of the holding, in which the decisive role was played by Jung Joo-young himself and his numerous relatives - brothers, nephews, cousins. Adolescence. The main blow to Hyundai's position was dealt by the Asian crisis of 1997. Hyundai avoided outright bankruptcy, but it fared noticeably worse than the other two super-chaebols, LG and Samsung. The rash steps taken by Jung Joo-young in the 90s, and the unfavorable market situation and the general sluggishness of the company's management also had an effect. The crisis began to subside in 1999 after the IMF injected money into the economies of a number of Asian countries, including South Korea. Jung Joo Young, taking advantage of the situation, made another major purchase, acquiring LG Semicon, which turned Hyundai Electronics Industries into the second largest chip manufacturer in the world. In April 1999 Hyundai has announced a major restructuring, as well as a plan to split the conglomerate into five independent business groups. After the restructuring, the company's main businesses were shipbuilding, automotive, construction, retail, finance, and electronics. In 2000, Jung Joo-young officially resigned as chairman, handing over the post to his son Jung Mong-hun. But in 2003, Jung Mong-hong committed suicide because of a scandal sparked by illegal investments in North Korea. After that, the corporation was divided into independent divisions: Hyundai Group, Hyundai Motor Group, Hyundai Development Group, Hyundai Department Store Group and Hyundai Electronics ("Hynix"). Prime. Hyundai Motor Group was headed by one of Jung Joo Young's sons, Jung Mong-gu. He has been in charge of this business to this day, turning it into one of the largest concerns in South Korea. Hyundai Motor Group is engaged in the production of cars, trains, parts for various industries, from military to aerospace, military equipment and factory equipment.
Слайд 3: Phases of Growth by Ichak Adizes
Слайд 4: Courtship
Слайд 5: Infancy
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