Business Failure

Business Failure Juliana Moxley LDR/531 February 7, 2011 Dr. Bill Thallemer Business Failure Daewoo Group was a major(ip) South Korean conglomerate and was incorporated in March, 1967 by Kim Woo-Jung. The accompany was dismantled by the Korean government in 1999. As a leader Kim Woo-Jung was well educated, possessing a spot in Economics from Yonsei University in Seoul. Kim Woo-Jung had a background in political life being the son of the Provincial regulator of Daegu. Daewoo became one of the Big Four conglomerates in South Korea, in industrial and multi-faceted service. The prominence of Daewoo was acquired by expanding its global market through and through joint ventures worldwide. Kim Woo-Jung was an entrepreneur. He started Daewoo Group with $18,000 in initial capital, and grew the company to $25 billion in annual sales. Curtain plausive government policies in Korea eased and facilitated Kim Woo-Jung in obtaining his capital. Government controlled agencies provided him with massive subsidies, unlimited cheap credit, and provided protection against foreign competition. In precipitate for these business amenities, absolute loyalty to the government was required, and the government was really involved with his business. The government forced Daewoo into the shipbuilding business.

There were astir(predicate) 20 divisions under the Daewoo Group umbrella. Among those were Daewoo Motor, Daewoo Motor Sales, Daewoo Electronics, Daewoo precision Industries, Daewoo stuff CO, Ltd, Daewoo Heavy Industries (DHI), Daewoo shipbuilding & Marine engineering, Daewoo Securities, Daewoo Telecom Ltd, Daewoo Corporation, Daewoo International, Daewoo Development Co. Ltd, IAE or Institute for Advanced Engineering, and Daewoo Development Company. By 2000 it was bankrupt. The cause of the better was partly due to economical conditions such as the Asian Financial Crisis of the late 1990s. The other reason was caused by corruption within Daewoo Motors management. Despite Asias economic collapse,... If you want to get a full essay, order it on our website: Ordercustompaper.com

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