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.
