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Autoedge internal and external position is precarious at the moment. The company is in an competitive environment that is being influenced by a variety of factors that are forcing the company to consider various organizational changes such as cost cutting moves. Furthermore, other internal issues are also compounding their situation. Recently the company has had some instances of severe quality issues that have made the market skeptical of the company's ability to manufacture products that bring value to the consumer. In fact, these quality problems were so significant that they caused the stock price to be reduced form over fifty dollars a share, to four dollars a share. The company obviously has to make some dramatic changes in order to survive their current situation.
The first thing the company will want to make an objective is to investigate the source of their quality issues. Any further quality issues would likely be the end of the company's ability to mitigate any of the damages that they have incurred relative to their brand... Since the company was able to operate in South Korea for some time, it is unlikely that the country is unable to manage their production facilities in this territory. For example, if the company had issues with the South Korean workers being able to efficiently and effectively manufacture products then they would not have been able to operate in this location for as long as they have. Therefore, the source of the quality issues is likely to be a factor related to human error or possibly a change in the manufacturing process as opposed to a deficit in the capabilities of the South Korean workforce.
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Furthermore, there are other successful operations that are high-tech oriented that are doing well in these country. For example, Hyundai Motors is an automotive manufacturing organization that is based in South Korea and they have experienced tremendous growth throughout the last few decades and have recently overtaken the American icon, Ford Motor Company, for the fourth spot in the industries top producers ranking (The Chose Ilbo, 2009). The East Asian countries in general have shown their ability to use manufacturing to be able to grow their economies at an unbelievable rate. South Korea is also among other countries who have not slowed in their production high-tech power sources like nuclear power and have demonstrated that this is that nuclear power remains a safe, cost-effective method…
Works Cited
Kee, T. (N.d.). Influences of Confucianism on Korean Corporate Culture. Retrieved September 15, 2010. Retrieved from University of Montana: http://portalfsss.um.edu.my/portal/uploadFolder/pdf/Influences%20of%20Confucianism%20on%20Korean%20Corporate%20Culture.pdf
Moniz, E. (2011). Why We Still Need Nuclear Power. Foreign Affairs, 90-96.
The Chose Ilbo. (2009, August 11). Hyundai-Kia Replaces Ford as World's No.4 Automaker. Retrieved from The Chose Ilbo: http://english.chosun.com/site/data/html_dir/2009/08/11/2009081100315.html
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