ablished a number of joint ventures with U.S. and European companies. Under the vision 2000 campaign, Daewoo established joint-venture production facilities, invested in foreign facilities, established sales and local subsidiaries, and localized component production and other operations. This campaign is aimed at strengthening Daewoo ‘s international competitiveness.5. After two workers committed suicide, Kim developed a unique program to mend management-labor relations. Manager and company presidents were required to work on the assembly line, and assembly line workers could be promoted to management level. This policy is aimed at improving the management-labor relations as well as help managers understand the difficulties and problems on the assembly line.6. Daewoo increased their R&D expenditure to be more internationally competitive. To boost this effort, Daewoo established a technology R&D team called the Institute for Advanced Engineering. This team used three strategies in technical development: competitiveness, managerial system development, and the use of technology network.RECOMMENDATIONS:Because of the problems associated with developing a profitable industry in Korea, organizational politics with the government is the best strategy to follow. Not to conduct business with the government is certain death such as the fate of the Kukje Group. Korea is not a world pool of opportunities, like in America. People have to adapt to the governments rules to be successful. In Daewoo Groups situation, I would not have done anything different. Bonding with the government was a requirement. Establishing joint ventures in the global market is a survival strategy to remain competitive. Diversifying finances to make money grow is an investment strategy use by all businesses in the industry. Last, I would train my managers and workers to promote understanding just like Kim. He showed his staff and families that he cared ...
