Hyunji Kwon and Seong-Jae Cho
- Published in print:
- 2015
- Published Online:
- November 2015
- ISBN:
- 9780198729433
- eISBN:
- 9780191796340
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198729433.003.0006
- Subject:
- Economics and Finance, South and East Asia, Development, Growth, and Environmental
This chapter explores the strategic internationalization process through the transfer of production and employment practices abroad by examining Hyundai’s operations in Beijing. It explores the ...
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This chapter explores the strategic internationalization process through the transfer of production and employment practices abroad by examining Hyundai’s operations in Beijing. It explores the distinctive characteristics of transferring employment practices in latecomer MNCs from established ones and whether these practices are different from the home country. Since latecomer firms adapt international best practices, the question is whether these firms are better placed to adapt their practices when they face different local conditions. This chapter offers an opportunity to observe how adaptable Hyundai is in foreign operations by using Hyundai’s experience of successful growth with a unique hybrid mode of flexible production. This case study of Beijing, Hyundai shows how the firm’s experience at home has affected their choices of employment relations and production strategies in China and thus Korea’s increasing engagement with Asia.Less
This chapter explores the strategic internationalization process through the transfer of production and employment practices abroad by examining Hyundai’s operations in Beijing. It explores the distinctive characteristics of transferring employment practices in latecomer MNCs from established ones and whether these practices are different from the home country. Since latecomer firms adapt international best practices, the question is whether these firms are better placed to adapt their practices when they face different local conditions. This chapter offers an opportunity to observe how adaptable Hyundai is in foreign operations by using Hyundai’s experience of successful growth with a unique hybrid mode of flexible production. This case study of Beijing, Hyundai shows how the firm’s experience at home has affected their choices of employment relations and production strategies in China and thus Korea’s increasing engagement with Asia.
