LGE is one of the leading
global companies in the industry. It is composed of five divisions: air
conditioning, business solutions, home appliances, home entertainment, and
mobile communication. LGE has 114 subsidiaries worldwide and employs around
82,000 people. LGE is a South Korean company and as such has some unique
characteristics derived from the South Korean culture and economic structure.
Directions
In this assignment, you will read several peer-reviewed articles.
·
First, read three peer-reviewed
articles related to the South Korean economy, chaebols, and culture.
·
Then, search for at least one
peer-reviewed article related to the strategic alliances.
·
Next, read at least one
article on human resource strategies for Multinational Corporations (MNCs).
·
In addition, read a few
articles related to the local and global operations of LGE.
Then, respond to the
following:
1.
Explain the organization and
purpose of chaebols.
2.
Identify the positive and
negative characteristics of chaebols for both local and global economy. Also,
explain the role they play in the South Korean economy.
3.
Identify the characteristics
of LGE’s human resources strategy.
4.
Identify how this HR strategy
is helping the company to deal with the diversity.
5.
LGE has established a number
of strategic alliances with partners from all over the world. Select one of
these alliances and analyze and evaluate its outcome.
Write a six-to-eight-page
paper in Word format. Utilize at least five to six scholarly sources in your
research. Apply APA standards to citation of sources.
