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This book attempts to pry open the 'black box' of compressed growth for Hyundai Motor since the 1997 Asian Financial Crisis, with the company's being on the verge of falling in the 'middle-ranked carmaker's trap in the 1990s, and critically examines the dual and contradictory nature of this leapfrogging catch-up instead of simply focusing on the company's success story. This book presents the novel theoretical and empirical characteristics of Hyundai Motor's 'agile' production system based on 'authoritarian experimentalism' characterized by the ability of engineers to solve problems in an improvisational manner, skill-saving work organization and segmented labor, and extended quasi-vertical suppliers' relationships under the chaebol corporate governance.
This book attempts to pry open the 'black box' of compressed growth for Hyundai Motor since the 1997 Asian Financial Crisis, with the company's being on the verge of falling in the 'middle-ranked carmaker's trap in the 1990s, and critically examines the dual and contradictory nature of this leapfrogging catch-up instead of simply focusing on the company's success story. This book presents the novel theoretical and empirical characteristics of Hyundai Motor's 'agile' production system based on 'authoritarian experimentalism' characterized by the ability of engineers to solve problems in an improvisational manner, skill-saving work organization and segmented labor, and extended quasi-vertical suppliers' relationships under the chaebol corporate governance.
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