Korean Business & Management: Establishment of Korean Companies I. Week 2

Содержание

Слайд 2

1.The Purpose What are the foundations of the Korean companies? -

1.The Purpose

What are the foundations of the Korean companies?
-

Understanding some of the seeds and backbone of Korean companies
- Understanding the sources of Korean capitalism and her management
- Understanding the role of Confucianism, Japanese influence, American influence and military-led industrialization to the foundation of Korean companies
Слайд 3

Contents Understanding the foundation of the Korean companies Confucianism Influence of

Contents

Understanding the foundation of the Korean companies
Confucianism
Influence of Japan
Influence of US
Military

led industrialization
Слайд 4

Public statement by Korean business leaders “My dream is to develop

Public statement by Korean business leaders

“My dream is to develop

a company and contribute to building national wealth. It is a businessman’s social responsibility and obligation to make a company profitable”
Lee Byung Chull, Late founder of Samsung Group
“Some men live without thinking. Other men with positive thinking achieve ten or one hundred times as much as ordinary people”
Chung Ju-Yung, Late founder of Hyundai Group
Слайд 5

Public statement by Korean business leaders (cont.) “The incentive system is

Public statement by Korean business leaders (cont.)

“The incentive system is

the greatest invention of the century, turning the tide favorable for capitalism”
Lee Kun-Hee, Chairman of Samsung Group
Слайд 6

The Foundations of Korean Capitalism & Companies Some of the foundations

The Foundations of Korean Capitalism & Companies

Some of the foundations

are..
- Confucianism
- Influence of Japan
- Influence of US
- Military-led industrialization
Слайд 7

1.Confucianism Confucianism is one aspect of Chinese culture and philosophy -Confucianism

1.Confucianism

Confucianism is one aspect of Chinese culture and philosophy
-Confucianism

is the idea and Philosophy of Confucius, who is a Chinese scholar lived in China around 500BC
- It was introduced in Korea about 1,000 years ago
- It had a strong shaping influence on Korean society during the past 1,000 years
- During its settlement, Korea developed its own interpretation much stricter way than in China itself.
Слайд 8

1.Confucianism(cont.) Five cardinal relationships - The relationship between farther & son

1.Confucianism(cont.)

Five cardinal relationships
- The relationship between farther & son

- The relationship between monarch & subject
- The relationship between husband & wife
- The relationship between elder brother & younger brother
- The relationship between friend & friend
Слайд 9

1.Confucianism(cont.) Confucianism emphasizes the strict observance of human relationships in order

1.Confucianism(cont.)

Confucianism emphasizes the strict observance of human relationships in order

to maintain order and harmony within a society
It is strictly hierarchical in nature
Everybody has a well-defined position and has to obey to individuals who are ranked higher
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1.Confucianism(cont.) Determinants of culture

1.Confucianism(cont.)

Determinants of culture

Слайд 11

1.Confucianism(cont.) Dominant religions

1.Confucianism(cont.)

Dominant religions

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1.Confucianism(cont.) Religious & Ethical systems -Religion: a system of shared beliefs

1.Confucianism(cont.)

Religious & Ethical systems

-Religion: a system of shared beliefs

and rituals that are concerned with the realm of the sacred
-Religions with the greatest following are
Christianity (1.7 billion adherents)
Islam (1 billion adherents)
Hinduism (750 million adherents)
Buddhism (350 million adherents)
Confucianism also influences behavior and shapes culture in many parts of Asia
Слайд 13

1.Confucianism(cont.) Christianity & work ethics Christianity is the most widely practiced

1.Confucianism(cont.)

Christianity & work ethics

Christianity is the most widely practiced religion


common throughout Europe, the Americas, and other countries settled by Europeans
Question: What are the economic implications of Christianity?
Answer:
In 1904, Max Weber suggested that it was the Protestant work ethic (focus on hard work, wealth creation, and frugality) that was the driving force of capitalism
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1.Confucianism(cont.) Islam & work ethics Islam is an all-embracing way of

1.Confucianism(cont.)

Islam & work ethics

Islam is an all-embracing way of life

that governs one's being
Muslims believe that there is one true omnipotent God
Question: What is Islamic fundamentalism?
Answer:
Islamic fundamentalism is associated in the Western media with militants, terrorists, and violent upheavals,
the vast majority of Muslims claim that Islam teaches peace, justice, and tolerance
fundamentalists have gained political power in many Muslim countries, and have tried to make Islamic law the law of the land
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1.Confucianism(cont.) Islam & work ethics Question: What are the economic implications

1.Confucianism(cont.)

Islam & work ethics

Question: What are the economic implications of

Islam?
Answer:
Under Islam, people do not own property, but only act as stewards for God and thus must take care of that which they have been entrusted with
Islam is supportive of business, but the way business is practiced is prescribed
businesses that are perceived to be making a profit through the exploitation of others, by deception, or by breaking contractual obligations are unwelcome
Слайд 16

1.Confucianism(cont.) Hinduism & work ethics Hinduism - focuses on the importance

1.Confucianism(cont.)

Hinduism & work ethics

Hinduism - focuses on the importance of

achieving spiritual growth and development, which may require material and physical self-denial
practiced primarily on the Indian sub-continent
Question: What are the economic implications of Hinduism?
Answer:
Hindus are valued by their spiritual rather than material achievements
Promotion and adding new responsibilities may not be the goal of an employee, or may be infeasible due to the employee's caste
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1.Confucianism(cont.) Hinduism & work ethics Hinduism - focuses on the importance

1.Confucianism(cont.)

Hinduism & work ethics

Hinduism - focuses on the importance of

achieving spiritual growth and development, which may require material and physical self-denial
practiced primarily on the Indian sub-continent
Question: What are the economic implications of Hinduism?
Answer:
Hindus are valued by their spiritual rather than material achievements
Promotion and adding new responsibilities may not be the goal of an employee, or may be infeasible due to the employee's caste
Слайд 18

1.Confucianism(cont.) Buddhism & work ethics Buddhists - stress spiritual growth and

1.Confucianism(cont.)

Buddhism & work ethics

Buddhists - stress spiritual growth and the

afterlife, rather than achievement while in this world
found mainly in Central and Southeast Asia, China, Korea, and Japan
Question: What are the economic implications of Buddhism?
Answer:
Buddhism does not support the caste system, so individuals do have some mobility and can work with individuals from different classes
entrepreneurial activity is acceptable
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1.Confucianism(cont.) Confucianism & work ethics Confucianism - teaches the importance of

1.Confucianism(cont.)

Confucianism & work ethics

Confucianism - teaches the importance of attaining

personal salvation through right action
the need for high moral and ethical conduct and loyalty to others is central
practiced mainly in China
Question:What are the economic implications of Confucianism?
Answer:
Three key teachings of Confucianism - loyalty, reciprocal obligations, and honesty - may all lead to a lowering of the cost of doing business in Confucian societies
Слайд 20

1.Confucianism(cont.) - The importance of relative ages of individuals - Strong

1.Confucianism(cont.)
- The importance of relative ages of individuals
-

Strong family orientation
- Strong emphasis on the value of education
- “Chung”

The Nature of Confucianism in Korea

- Предыдущая
Спорт. Индивидуальный выбор видов спорта или систем физического воспитания
Следующая -
Сайты. Введение в сайтосторение. Лекция 1-2

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