Who have been some influential leaders (Founders, CEOs) in the industry over the past 20 years?
-In the past twenty years the focus of the auto-industry was to make safer but especially more efficient cars. However, there have been a few CEO's that stand out from the others for their focus and innovation on green technology within the auto industry. CEO's like Carlos Ghosn of Nissan have shifted their companies long range futures on green technology.
What workforce trends is the industry experiencing? For example, manufacturing jobs in this industry are moving to Mexico and China at a very fast rate. Or, companies are investing heavily in engineering in order to remain competitive through innovation.
-Many of the auto companies today are shifting their market focus from the United States to developing countries such as Brazil, India, and China. In fact, in a recent survey taken by PwC AutoFacts showed that 64% of the CEO's surveyed that China is the new key market.
Citation: http://www.reuters.com/article/2010/12/22/idUS277994617220101222
http://www.aftermarketnews.com/Item/84754/global_automotive_ceos_show_increasing_confidence_according_to_pwc_survey.aspx
Monday, February 28, 2011
Human Resources and Leadership: Feb. 28
Just like Dennis has mentioned in one of his previous blog, electric cars are on the rising and will someday be the future standard cars. The article that I picked talks about the German auto industry and how it is falling behind on resources and research on electric engines. Unlike the USA and China's governments, the German government is not as generous when it comes to funding the car industry research and innovations. The article predicts that if Germany does not step up to the levels of the USA and China it will fall off the market or at least experience some decrease in customers that are interested in their cars.
The industry is trying to advertise German produced electric cars in order to stimulate the buyers to buy those kind of cars. If that works out they will have more money to fund further research on those kinds of cars.
I think that for our final project we should definitely focus on auto companies that are producing electric cars because that seems to be where the money will be in the future.
Sunday, February 27, 2011
Human Resources and Leaderships: 28 Feb 2011
- What workforce trends is the industry experiencing?
I would like to introduce an intersting story that is happening in Korea nowadays about
labour workforce for Hyundai automobile.
Nowadays in Korea, Hyundai automobile is facing a big issue concerning
strike from the labour force. This is an issue happening along from many many years ago till now on. No clear solutions have been made yet, and trouble seems to be raised more and more.
The basic problem with Hyundai's workforce trend is the temporary workers.
There are currently estimated 19,000 of temporary workers for Hyundai automobile.
From last Friday(Feb 25th), around 200 temp workers of Hyundai automobile gathered
in front of the Hyundai automobile head office in Seoul. They were on strike for more
than 4days without stopping. Their main objective was to guarantee their basic wage and rights
as well as to turn them into a regular.
Being a temp-worker, you will always have to live with a fear that you might loose your job
in one single day. As a matter of a fact, hundreds of people actually loose their job in a day without being pre-noticed. Since there is no regulations set for the temp-workers, Hyundai automobile has no responsibility towards them. This is why temp-workers of Hyundai auto strikes often and also some serious incidents has also happened on this strikes(such as committing suicide).
Like this, the workforce trend in Korea automobile is somewhat serious.
Hyundai company is a very successful and also a global company for sure, however they surely
must settle down the noise inside the company in order to grow further.
http://www.pressian.com/article/article.asp?article_num=60090120104608
http://www.pressian.com/article/article.asp?article_num=30110226194627
http://www.vop.co.kr/A00000367240.html
http://www.nocutnews.co.kr/show.asp?idx=1673112
I would like to introduce an intersting story that is happening in Korea nowadays about
labour workforce for Hyundai automobile.
Nowadays in Korea, Hyundai automobile is facing a big issue concerning
strike from the labour force. This is an issue happening along from many many years ago till now on. No clear solutions have been made yet, and trouble seems to be raised more and more.
The basic problem with Hyundai's workforce trend is the temporary workers.
There are currently estimated 19,000 of temporary workers for Hyundai automobile.
From last Friday(Feb 25th), around 200 temp workers of Hyundai automobile gathered
in front of the Hyundai automobile head office in Seoul. They were on strike for more
than 4days without stopping. Their main objective was to guarantee their basic wage and rights
as well as to turn them into a regular.
Being a temp-worker, you will always have to live with a fear that you might loose your job
in one single day. As a matter of a fact, hundreds of people actually loose their job in a day without being pre-noticed. Since there is no regulations set for the temp-workers, Hyundai automobile has no responsibility towards them. This is why temp-workers of Hyundai auto strikes often and also some serious incidents has also happened on this strikes(such as committing suicide).
Like this, the workforce trend in Korea automobile is somewhat serious.
Hyundai company is a very successful and also a global company for sure, however they surely
must settle down the noise inside the company in order to grow further.
http://www.pressian.com/article/article.asp?article_num=60090120104608
http://www.pressian.com/article/article.asp?article_num=30110226194627
http://www.vop.co.kr/A00000367240.html
http://www.nocutnews.co.kr/show.asp?idx=1673112
Human Resources & Leadership Feb. 28th
There are many CEOs in the auto industry. Many CEOs have been taking crucial steps to save their companies from going under and to promote sales. Some of them make a lot of money and others may not. CEO of chrysler, Sergio Marchionne decided not to receive a salary last year. He felt that since Chrysler wasn't doing to well he would save them some money. Other CEOS are promoting new cars and a new lifestyle. CEO of Lotus Dany Bahar has decided to design a car and a lifestyle similar to that of James Bond with his new car Lotus Esprit S1. He claims that he wants to be like Porsche and hopes to sell 8,000 models year 2013. This CEO is setting goals for his company so that they can make more profit. CEO Stefan Jacoby of Volvo has made a huge prediction for his company. He has stated that "Volvo's plan aims to more than double its world-wide sales to 800,000 cars a year by 2020, from 373,000 last year." They think Volvo may achieve this goal by as early as 2016. Volvo could run into a potential problem. If their sales do not match their predictions they may over spend on building these cars and not make a real profit. This demonstrates that CEOs are real risk takers and every decision they make is crucial.
Saturday, February 26, 2011
Human Resources and Leaderships: 28 Feb 2011
Who have been some influential leaders or CEOs in the industry over the past 20 years? How did they influence the industry? What made them leaders?
There have been a couple of CEOs and leaders in the auto industry who contributed a lot to their companies or firms. An example of this is the CEO of Hyundai-Kia Automotive Group Chairman Chung Mong-koo. He was chosen as the best CEO in Asia. The sales for Hyundai went up dramatically under his control. Because of Chung's management, he improved many segments and sections inside the company. Also, he increased the quality for Kia's cars. These improvements led to $71 billion in revenue and $ 2.3 billion in profits. He also thought about establishing a firm in Alabama in 2005. A new way to think more in the global, especially the US.
I believe that the reasons behind Chung's success is the way he sees the auto market and his desire to compete. The auto market is very competitive and needs innovations. Chung thought that a concrete management will help a lot, and it did. He is focusing on how to hit the targets and to find what attract customers the most. We can see the combination of luxury and affordable prices in Kia's cars. Chung put into his consideration the importance of marketing strategies because they are the keys to the market.
References:
http://www.koreatimes.co.kr/www/news/biz/2010/12/123_69292.html
Sunday, February 20, 2011
Entrepreneurship: Feb. 21st
How has the competitive landscape changed as a result of leading entrepreneurs in the industry?
Although the economy is tough and people are cutting back on their expenses the auto industry is becoming more and more competitive as its leaders and entrepreneurs crank out new ideas. There are so many ways to change an automobile to make it much more of a hot product. There is an automobile for everyone. If you are a person who wants to save the earth and go green there are hybrid or fuel efficient cars. If you are a construction worker and carry large materials, there are all kinds of trucks out there. If you are a soccer mom there is a mini van with your family name stamped on it. There are vehicles for everyone and for everyone's needs there are entrepreneurs thinking of new and innovative ideas to get your attention and to get you to purchase their product. GM and Ford fought over who had the better muscle car. A lot of people love muscle cars and want the best. GM won with its new Chevy Camaro; "Camaro outsold the Ford Mustang for the first time since 1985." I am sure that GM worked hard to accomplish this. Now Ford must try and win their title back for having the best muscle car. In order to stay on top the leaders in this industry are always trying to think of something bigger and better.
Entrepreneurship: Feb. 21, 2011
Who are the emerging companies?
Emerging entrepreneurship could be very risky since the companies are actually
entering to the field where it is very unknown. However, once successfuly
entered to the new field, it can introduce to other companies the new way as well.
While searching for an article, I have found an interesting article about
Electric cars. As mentioned in previous blog, once again the importance of
electric cars seem to be emerging.
It should be somewhat a new trend and a new market for the automobile industry.
Actually we can see more and more hybrid cars or electric cars on streets now.
I think this is the actual evidence of the emerging market for the automobile
industries.
Check the article below for more infomation. Electric cars are actually
ranked top 10 of the emerging market!
http://businessjournalism.org/2010/12/28/electric-cars-the-top-trends-in-an-emerging-market/
Emerging entrepreneurship could be very risky since the companies are actually
entering to the field where it is very unknown. However, once successfuly
entered to the new field, it can introduce to other companies the new way as well.
While searching for an article, I have found an interesting article about
Electric cars. As mentioned in previous blog, once again the importance of
electric cars seem to be emerging.
It should be somewhat a new trend and a new market for the automobile industry.
Actually we can see more and more hybrid cars or electric cars on streets now.
I think this is the actual evidence of the emerging market for the automobile
industries.
Check the article below for more infomation. Electric cars are actually
ranked top 10 of the emerging market!
http://businessjournalism.org/2010/12/28/electric-cars-the-top-trends-in-an-emerging-market/
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