Saehan Motor Company

INTRODUCTION This case parades such blatantly bad management that it impart be hard for students to believe. Virtually everything that could be done prostitute was shown by Daewoo management. It bought into a troubled venture (Saehan Motor Company), produced poor-quality cars, plotted poorly, over-borrowed, and had criminally fraudulent senior managers. I am non sure that students fag learn how to avoid the mistakes from this case because it is sooner possible that the only purpose Kim had for the company was to enrich himself. If the chief executive officer views the company as a personal piggybank instead of an government that should serve a variety of stakeholders interests, there is little that opposite managers or workers can do. This case presents the opportunity to discuss incarnate governance in nigh detail. The case does non present any information about Daewoos governance structure, entirely it seems clear that Kim ran the company as a dictator, with no checks and balances. The similarities to Enron, WorldCom, and separate U.S. corporate scandals are not to be dismissed. ANALYSIS I. GENERAL ENVIRONMENT A. applied scienceâ€"Technology did not play a significant billet in this case. B. Demographic trendsâ€"Demography did not affect Daewoo in its implosion. C.

Economic trendsâ€"The Southeast Asian fiscal crisis certainly vie an important part in the Daewoo story. However, other Korean and Japanese auto manufacturers suffered through the same conditions without imploding as Daewoo did. Economic downturns can be weathered by sound planning and financial controls, neither of which occurred at Daewoo. D. Political/Legalâ€"There is not enough information in the case to know what power the South Korean political and legal environment vie in this disaster. It would be interesting to have students do some independent research about that question. It is quite possible that Kims ties to the South Korean government allowed him to acquire businesses without sufficient nifty behind him,... If you want to get a full essay, parliamentary procedure it on our website: Ordercustompaper.com

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