Business Failure-Daewoo

Running head: BUSINESS FAILURE-DAEWOO Business Failure-Daewoo University of Phoenix-Online Business Failure-Daewoo Although Daewoo factor great universe in the Korean language, Daewoo Group, only lasted 32 years. The company did achieve some success, but it has been largely deemed a failure. Daewoo Group was a major South Korean assemble or chaebol, and was incorporated in March, 1967 by Kim Woo-Jung. The company was level by the Korean regime in 1999. As a leader Kim Woo-Jung was well educated, possessing a degree in political economy from Yonsei University in Seoul. He was the son of the Provincial Governor of Daegu. Daewoo became nonpareil of the Big Four conglomerates in South Korea, in industrial and multi-faceted service. The prominence of Daewoo was in expanding its global market through critical point ventures worldwide. Kim Woo-Jung was an entrepreneur. He started Daewoo Group with $18,000 in initial capital, and grew the company to $25 billion in annual sales. Government policy in Korea was how Kim Woo-Jung got his capital. It provided him with huge subsidies, unlimited cheap credit, and protection against foreign competition. In return for this, loyalty to the government was required, and the government was involved with his business.

The government forced Daewoo into the shipbuilding business. There were about 20 divisions below the Daewoo Group. Among those were Daewoo Motor, Daewoo Motor Sales, Daewoo Electronics, Daewoo precision Industries, Daewoo Textile CO, Ltd, Daewoo Heavy Industries (DHI), Daewoo shipbuilding & oceanic engineering, Daewoo Securities, Daewoo Telecom Ltd, Daewoo Corporation, Daewoo International, Daewoo emergence Co. Ltd, IAE or Institute for Advanced Engineering, and Daewoo Development Company. Some of these companies have survived as independent companies. In magnitude to expand and achieve success in business expansion, Kim Woo-Jung had a company vision. His vision consisted of using organizational politics to go away with the... If you want to get a full essay, order it on our website: Ordercustompaper.com

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