understanding korean workplace: imitation to innovation school of business admin knu rieba...
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Understanding Korean Workplace:
Imitation to Innovation
SCHOOL OF BUSINESS ADMINKNU RIEBA INNOVATION CENTER
[email protected], GYEWAN
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Korean Economy
GNP per Capita ($)
Population
Year
1960 1965 1970 1975 1980 1985
GNP per Capita ($)
79 3 253 594 1,597 2,242
Population26,51
328,70
532,24
135,28
138,12
440,80
6
1990 1995 1997 1998 2000 2005 2006
5,88311,47
211,23
77,477
10,888
16,438
18,374
42,869
45,093
45,954
46,287
47,008
48,138
48,297
Korean Economy
Critical Variables for Successful Enter-prises
1) Reliability2) Economies of Scale3) Quality & Design
Number 1 items in the world
• SAMSUNG ELECTRONICS (SEMI-CONDUCTOR – D-ram)-21%
• LG-DiSPLAY, SAMSUNG ELEC-TRONICS TFT-LCD)-46.5%
• HUMAX(SETOP -BOX)-11%• SAMSUNG SDI, LG
ELECTRONICS(PDP)-54%• HYUNDAI HEAVY
INDUSTRY,SAMSUNG HEAVY IN-DUSTRY(CARGO SHIP)-63%
• SAMSUNG ELECTRONICS,LG ELECTRONICS(AIR CONDITIONER)-22.3%
Emergent Action Rational Action Constrained Action
1
Winning Strategy
8Creative network
7Choice
6Entrepreneurial action
5
Visionary leadership
4Confusion
3Crisis
2Conservation
CURRENT STATUS OF KOREAN CORPORATION
(Data : Hurst (1995), Crisis & Renewal revised
IMF
Restructuring
Core Comp.
CoP(Innovative Culture)
BusinessGrowth
Govt. & Industrial Policy
HardworkingKorean/ KoreanCulture
TechnologicalLearning
DirectionSetting
Key agents
Tools
Korean Company Growth MODEL
(Chaebol)
Industrial Policy• Direction Setting : Centralized Planning &
Effective Govt. Intervention• Selection of Strategic Industries : Heavy & Chemical Industry (1970’s), Electronic Industry (1980’s)• Special Industry Promotion Act :1969• Establishing Industrial Complex : Gumi Industrial Complex – Gumi Innovation Clus-
ter • Financing : German Loans – Divided countries, Compensation money from Japanese Occupa-
tion (600 million $), Vietnam War• Provision of Human Resources : Scholars
studied in the States, Japan, & Europe
Hardworking Korean & Korean Culture
• Neo-Confucianism 1) Education emphasized, 2) The clan in social & economic relations 3) Harmonious interpersonal relations 4) The pursuit of the highest good 5) Discipline
• Hardworking Koreans 1) the national trait of tenacity 2) “han” psyche = resentment 3) conditioning during school days 4) physical environment 5) “beat Japan” spirit 6) experience of deprivation
Protestant work ethic
Confucian Culture
Hard-workingKorean(90’s)
Entrepreneurship
Personal drive for achievement
SmartKorean(00’s)
Knowledge-basedEconomy
GlobalCompetition
TRANSFORMING KOREAN
Technological Learning
Integration Of Two Technological Trajectories
Time
Fluid(emergency)
ProcessInnovation
ProductInnovation
GenerationImprovement
Assimilation
AcquisitionAssimilation
Improvement
Acquisition
Technology Transfer
Catching
Catching- upCountries
Technological Capability
IndustriallyAdvanced Countries
Rate Of Innovation
Time
Technology Transfer
Transition(Consolidation)
TechnologyTransfer
Specific(maturity)
Technological Learning
Existing Knowledge Base
Intensity of Efforts
Low
High
Reverse engineering
Low High
A chaebol is a business group consisting of varied corporate enterprises engaged in diversified business areas and typically owned and managed by one or two interrelated family groups.