Hyundai Motor Group Fast Follower to Game Changer Mooweon Rhee JaeGu Kim William P Barnett 2022
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Fast Follower to Game Changer: A New GM Model As Hyundai Motor Group (HMG) moves on the road to becoming a “game changer”, the Korean car-maker has been paying attention to and embracing new technologies. In May 2021, HMG acquired the car-making company VF Corp (VFC) and the car-parts maker Visteon Corp (VIS). This move allowed HMG to accelerate the transformation of its business portfolio and focus on its
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In 2007, Hyundai Motor Group became the top auto manufacturer in the world — a “fast follower” to GM. Two years later, “hybrid cars” revolutionized the auto industry. Four years later, Hyundai Motor Group introduced electric and plug-in hybrid cars. here are the findings This is not a simple process; the success story of a “fast follower” to a “game changer” is a unique and interesting example. The reason why Hyundai Motor Group became “fast follower” was not because it “f
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My contribution to the Hyundai Motor Group’s ‘Future of Mobility’ report (March 2022) was to highlight how automotive supplier partnerships are becoming the next big thing for the automotive industry. It is no secret that for nearly two decades, automotive suppliers have played a relatively smaller role in the automotive ecosystem. In the early days, suppliers made cars and engines but only for Toyota and other major automotive OEMs. However, over the past few years,
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Hyundai Motor Group (HMG) is a Korean multinational automotive conglomerate company with headquartered in Seoul, South Korea. Founded in 1967 by five family members, HMG is one of the world’s largest automakers, with operations in the fields of automotive and parts. The company’s major activities are vehicle manufacturing, distribution, and marketing, and they currently have a market capitalization of around $55 billion. click to find out more HMG’s fast follower strategy to
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Hyundai Motor Group is a major automobile manufacturer in South Korea and the largest Korean automobile manufacturer by market share. Hyundai is a subsidiary of the South Korean multinational conglomerate, the Hyundai-Kia Group. The company is known for its value-oriented brand approach, known as “Made for the People,” which has helped to build an image as a more socially responsible and family-oriented brand, leading to a shift in customer values. The group has made some bold decisions in recent years, such
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Topic: Hyundai Motor Group Fast Follower to Game Changer Mooweon Rhee JaeGu Kim William P Barnett 2022 This was a fascinating piece, I found myself losing myself in the detail. Could you please paraphrase the first three paragraphs and summarize the main ideas of the case study?
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I’ve known the company Hyundai Motor Group (HMG) for quite some time, from its initial days to this day. From a small family-owned automobile manufacturer, HMG has become a global automotive giant that today competes with top automotive brands of the world, including Tesla, BMW, and Ford. In this paper, I’m going to describe how the HMG emerged as a “game changer” and what brought them to their current state. The following case study will focus on
 
								