Lg Group Developing Tomorrows Global Leaders Management Essay

Lg Group Developing Tomorrows Global Leaders Management Essay Based on the basic management philosophy of: Competition from a global perspective Pursuit of best value for customer, employees and shareholders Become the worlds best business group through management by principle And contribute to social development as a good corporate citizen, Bon Moo Koo as a chairman of the LG Group, one of the three largest Korean chaebols, announced LEAP 2005 as vision of the future. It has a goal of increasing revenue to US$380 billion by 2005 with 50% coming from international sales. Leap 2005 centered on employees and this new vision would lead LG to develop the most rewarding workplace for employees. Mr. Y.K. Kim as the head of the LG Human Resource (HR) team was charged with the task of identifying and developing high potential individual and the global leaders that LG would need in the future. He worked closely with Dr. Michael Lee, Managing director of LG Academy (LGA). They estimated that LG would need approximately 1,400 new global leaders by 2005 with about half would be Korean and the rest would be non-Korean. By 1987, LG had businesses and industries in chemicals, communications, energy, electronics, finance, insurance, machinery, metals, sports and trade. Even though LG was strong in Korea, it was not an international technology or quality leader in any of its business segments, especially relative to world-class foreign competitors. A new corporate identity program was launched in 1995, Lucky-Goldstar Group officially changed its name to the LG Group. The logo was designed to symbolize five key concepts: The world, The Future, Youth, Humans and Technology. Top management and HR team needed to create global working environments that include both Korean and non-Korean leaders in order to achieve the objectives of Leap 2005. Strategic analysis using 7s framework Strategy: Low cost strategy (1947 1987) Focused on competing through low cost manufacturing but also strongly emphasized high production volumes Under pricing competitors with products of acceptable, although not superior, quality It established Lucky-Goldstar brand as a low cost and acceptable quality products manufacturer Value strategy (1987 1995) Korean consumers were increasingly aware of and demanding higher quality products because of the standard of living increased the ability to afford higher quality products and services Korean government began to relax trade barriers that made it easier for foreign companies to compete with LG in Korea The cost competitiveness of Korean began to slip Strategic orientation of LEAP 2005 Focused on strategic markets that expected with economic growth and size, also the extent of business opportunity in that market Technological revolution through innovation to be produced faster or more cost efficiently Investment for the greatest possible return Customer satisfaction as a key measure of success Structure: Centralized decision making and a top-down management process In 1987, LGs various affiliated companies were divided into 21Cultural Units consists of multiple Strategic Business Unit (SBUs) Systems: Departments were separated and sequentially handing off projects from product research to product design to engineering to manufacturing to marketing to sales Managers had to develop a new perspective on time based competition thus speed had to be a central value that permeated the groups culture Shared Values: Focused on valuing employees and contributing to social development through good corporate citizenship In 1987, focused on creating customer value Valuable components from old culture: stability, harmony and respect Established and reinforce four new cultural elements: challenge, speed, simplicity and boundarylessness Style: In 1980s, the new management approach management by self-control for greater decision making autonomy Cultural value of respect, translated into a top down management style and emphasis on hierarchy Leap 2005 required LG to change course to a global setting, leadership development emerged as one of the biggest challenges Staff: Managers focused on producing high volumes and getting per unit as low as possible rather than finding out what customer wanted, developing high quality products or expanding marketing capabilities. SBU heads were given full profit and loss responsibility for their units Within SBUs, middle managers were charged with reviewing and reengineering business processes to ensure efficiency and effectiveness Cultural Unit presidents focused on integration and coordination across SBUs Need more global leaders because LG had a domestic orientation in the past included both Korean and non-Korean People from different disciplines and geographies increasingly needed to work together to analyze problems and figure out solutions Skills: Many managers were lack experience with decision autonomy Need hundred of world class managers to achieve its target with more sophisticated knowledge in finance Recommendations: Characteristics of the human organization that would help LG achieve Chairman Koos LEAP2005 vision of the future First, HR should be held responsible for defining an organizational structure. It should identify the model of the companys way of doing business. The well known 7s framework distinguishes seven components in a companys architecture. LG Human resources Team should also used a change model to guide a transformation process at the company began by asking Who, Why, What and How. This model helps an organization identify the key success factors for change and assess the organizations strengths and weaknesses regarding each factor. As change agent, HR professionals do not themselves execute change, but they make sure that it is carried out. The hardest and most important challenge facing LG in that era was changing their culture. In helping to bring about a new culture, HR must follow a four steps process: It must define and clarify the concept of culture change It must articulate why culture change is central to business success It must define a process for assessing the current culture and the desired new culture, as well as for measuring the gap between the two It must identify alternative approaches to creating culture change HR strategies, policies, programs or practices translating the Chairmans vision into reality Key needed capabilities of LGs future global leaders Managers had to change their mindset from flawlessly executing orders to determining strategic direction Managers are required to have a clear idea of what customer needs, values and preferences World class managers that have capabilities for success and growth strategies LG needed a cadre of managers with more sophisticated knowledge of finance To challenge and think differently and to come up with breakthrough innovations Globalization: they must be more literate in the ways of international customers, commerce, and competition than ever before therefore LG should increase their ability to learn and collaborate and to manage diversity, complexity and ambiguity. Profitability through growth: they must also become more focus, more in touch with the fast changing and disparate needs of their customers. Technology: the challenge for managers is to make sense and good use of what technology offers. They will need to figure out how to make technology a viable, productive part of the work setting. Intellectual Capital: The challenge for organizations is making sure they have the capability to find, assimilate, develop, compensate and retain such talented individuals. Change, change and more change: LG must be able to learn rapidly and continuosly, innovate ceaselessly, and take on new strategic imperatives faster and more comfortably How to identify, attract, select and hire, train and develop, motivate, appraise and reward to perform at peak level, and retain the global leaders with the needed competencies and capabilities? The establishment of a development strategy is an important first step in the recruiting process. The second is achieving a fit between it and the rewards that an organization offers. A good fit must exist in in order to attract and motivate effective performance. The issue that needs to be considered when recruiting individuals relates to their motivation to perform. Attracting and recruiting the right talent is a critical part of managing human capital and an integral element of the designing process in organizations. Companies are starting to evaluate their employees not only by objectives but also by the competencies they develop. One possible procedure is what is known as the balanced scorecard. Under this procedure indices of competencies are added to indices of results, and a weighted average is calculated to obtain a final index, which tends to be tied to variable pay. Every company must decide what competencies it needs to develop in its managers in order to achieve its specific goals. The competency profile it chooses is a clear and precise expression of the culture it wants to promote, and can therefore be used as a tool for cultural change. Core competence of the corporation Collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies Harmonizing streams of technology, organizing work, and delivering value Complex harmonization of individual technologies and production skills Could the team take the same approach with the Korean and non-Korean managers? Yes, as long as managers have some strategic competency as follows: business vision, problem solving, resources management, customer orientation, effective networking and negotiation. And also leadership capacity with following basic competencies: communication, organization, empathy, delegation, coaching and teamwork. Questions: What do you consider as the desired characteristics of the human organization that would help LG achieve Chairman Koos LEAP2005 vision of the future? If you were a member of Mr. Y.K Kims LG Human Resources Team, what HR strategies, policies, programs or practices would you recommend to translate the Chairmans vision into reality? What were the key needed capabilities of LGs future global leaders? How would you identify, attract, select and hire, train and develop, motivate, appraise and reward to perform at peak level, and retain the global leaders with the needed competencies and capabilities? Could the team take the same approach with the Korean and non-Korean managers?

Birth Order and Happiness Study Essay

In this study, a stratified and random sample of 88 subjects, from three different sections of Provo and Orem, Utah, were given surveys. The selected family income was below the median for family income in one section selected. In the second selection, family income was at the states median and for the third selection family income was above the median. Within each of these sections, families were selected at random and contacted by telephone. Those who decided to participate were invited to the Financial Counseling Clinic at Bringham young and then asked to complete the assessment instruments. Only those subjects who came from families with four or more children were included in the study in order to provide for an analysis of the birth order variables. The subjects in the study consisted of 4 first born males and 8 first born females, 11 second-born males and 8 second born females, 24 middle born males and 20 middle born females, and 5 last born males and 8 last born females. The majority of these subjects were between 25 and 45 years of age. As stated before, each subject was administered the assessment instruments t Brigham Young University. One of the questions on the assessment, which was seen as the focus of the report, asked the subjects to compare themselves to the perceived happiness levels of their fathers, mothers, brothers, and sisters on the items of health, current marriage, current family, extended family, in-laws, friends, religion, financial security, and life in general. For these questions a seven point scale was used with one being the low score, seven the high, and the midpoint of four indicating that their perceived happiness was the same. Since there was no other literature that compared one’s happiness with the perceived happiness of one’s family members this study added a great deal to the non-existent body of knowledge. The results of the study showed that last born males scored consistently lower than all other male birth order, except for the â€Å"in-laws† area. Last borns scored lowest and separated themselves out the most from the other male birth orders in areas of â€Å"financial security,† â€Å"employment,† and â€Å"life in general. † Results showed that first born males scored higher than all other male birth orders on five of the items. As for the women, last borns scored lower on every subject except for one. In addition to this, very different from men, first born females scored consistently lower than both second born and middle born females. One of the most important things taken from this study is the similar pattern of both male and female last borns. Both scored lower than any of the other same-sex birth orders on the almost all of the happiness scales. This finding shows that last born male and females are typically unhappier than their firstborn, second born, or middle born siblings. The group contributed these findings to clinical observations done that stated last borns tend to be pampered and spoiled. They have been conditioned to people protecting, dominating, and giving them goods and services that require little effort on the part of the last born. This in turn makes it easy for last borns to grow up as adults who think people will continue to do this for them future. When the eventually become adults, they eventually face the reality that most other people will not pamper and they then experience cognitive dissonance, causing them to be last happy than their sibling. In addition to this, the pampering could potentially have detracted from their ability and learn to deal with problems of life and this could contribute to their relative unhappiness. A second study dealing with birth order and personality can also be used to predict the possible outcomes as well. Empirical Studies Indicating Significant Birth-Order-Related Personality Differences provided a summary of empirical support relating birth order to personality characteristics. This study focused on indentifying other studies that contained statistically significant results between personality differences and birth-order typologies and reported descriptive data in terms of variables that differ according to birth order. This research done by Eckstein focused primarily on articles dating from 1960 to 1999. All of the articles reported statistically significant levels at or beyond the . 05 level. Consistent with other studies that were based on Adlerian theory, empirical birth-order was grouped into the following four major categories: oldest, middle, youngest, and single. Eckstein then goes on to present a table showing the common characteristics identified for each of the four types and identifying articles that indicated each characteristic. For the oldest child, or first borns, according to Eckstein’s findings, at least two researchers attributed each of 26 different characteristics to these individuals. The six most frequently appearing attributes were highest achieving, highest IQ, greatest academic success, highest motivation and need for achievement, overrepresented among learned groups, and most affiliative under stress. All of these personality attributes can be used to relate to the findings from the first study, Birth Order and Happiness: A Preliminary Study by G. Hugh Allred & Bernard E. Poduska. The first borns of each family likely have higher levels of satisfaction due to these similar personality attributes. The majority of those individuals who are highest achieving usually are those who are most satisfied with their lives. This could be one of the reasons that the first borns scored the highest on the majority of question in the study conducted by Allred and Poduska. At least two researchers attributed each of 6 different characteristics to the middle child. The three attributed that appeared most frequently were fewest problems acting out, sociable, and greatest feeling of not belonging. For the youngest at least two researchers attributed each of 14 different characteristics to those who were the youngest child. The four most frequently appearing attributes for the youngest child or last born were; greatest overrepresentation of psychiatric disorders if from a small family, empathetic, helplessness and tendency toward alcoholism. The fact that both helplessness and a tendency toward alcoholism are two of the four most frequently appearing attributes helps relate to the first study on birth order and happiness conducted by Allred and Poduska. The fact that those born last are seen as helpless could be a direct effect of the fact that they were pampered and overprotected for the majority of their lives. This would then cause them to feel helpless in their later years when they are on their own in life without their family to pamper and always protect them. This feeling could then be used when explaining why those individuals who were last borns scored lowest on the majority of the questions asked in the study dealing with birth order and happiness by Allred and Poduska. Using the knowledge learned from these two research studies there will be two hypotheses used when conducting the study on the relationship between birth order and life satisfaction. The first hypothesis states that last born individuals will have the lowest levels of happiness on average. The second hypothesis states that those individuals who are not last borns will have higher levels of happiness on average. Proving whether or not these hypotheses are true will tell us a great deal about the relationship between birth order and life satisfaction and will help settle the argument on whether or not birth order has an effect on one’s life. III. Method: A random, convenience sample of 30 subjects was used during this study. Subjects were from various states on the East Coast and came from all different backgrounds. The subject’s ages ranged from 17-50 years of age and the majority of them were college students living on campus at Bryant University. Only those individuals with siblings were sampled and those without siblings did not receive the assessment. The rights of each subjected were protected. Prior to their participation in the assessment each subject was informed about the purpose of the study. These subjects were then told that in addition to their rights being protected, the privacy and confidentiality of the assessment will be strictly maintained at all times. The results of each assessment were shown to no one during the study besides those conducting the research and will not be used by any other researchers in the future. Throughout the entire study all ethical guidelines were followed. The results of each assessment were not tampered with or used against the respondent. All assessments were completed in the Bryant University library, but before being allowed to complete the assessment, each randomly picked subject was asked by the research whether or not they had siblings. Subjects who answered â€Å"no† were not given the assessment and able to go on their way. Subjects who answered â€Å"yes† to this question were then asked if they would like to participate in a research study on the relationship between birth order and happiness. A statement on privacy rights was then read to each subject by the researcher to make sure they knew that results of their assessment would be confidential. Once this was understood, the subjects were given the assessment. The subjects were free to complete the survey on their own and had as much time as needed to fill out the assessment. Once finished their assessments, each subject handed their survey to the researcher and was thanked for their participation in the study. Once 30 assessments were collected the scores of each assessment was tallied up and the results were recorded. The survey used was Life Satisfaction Index A survey from Measures of Personality and Social Psychological Attitudes. This index consisted of 20 agree or disagree items that correlated highly with life satisfaction/happiness. Each response received zero or one points depending upon whether or not the response matched the response marked in parenthesis given by the book. For example: One question asked â€Å"As I grow older, things seem better than I thought they would be†. For this question the response marked in parentheses was â€Å"Agree† and those who responded â€Å"Agree† received one point and those who responded â€Å"Disagree† received none. Scores on this assessment could vary from 0 (lowest faction) to 20 (highest satisfaction) and helped show the life satisfaction of each respondent. In addition to the 20 agree or disagree questions, there was one multiple choice questioned used at the end of the survey. This question asked the respondent whether or not they were the: first born, second born, second born (last born), third born (middle), third born last, or fourth born (last) in their family. This question helped categorize the results of each respondent. The study has two independent variables and one dependent variable. The independent variables are gender and both order. The dependent variable is levels of happiness. The design of this study was a correlation design and there was no manipulation of either independent variable throughout the duration of the study. IV. Results: Figure 1: As shown in figure 1, first born males had the highest average life satisfaction score at 14. 89. This was more than one full point higher than the 13. 75 scored by those individuals who were third born middle children. Second born middle children scored a 13. 7 on average which was extremely close to those third born middle children. Figure 1, also shows that the bottom three lowest scores all belong to those who were last in their family’s birth order. Second born last borns scored a 12. 25 on average, fourth born last borns an 11. 67, and second born last borns had the lowest average life satisfaction index scores at 11. 50. All together, last borns received a mean score of 11. 83 on the life satisfaction i ndex which is almost two points lower than those who were middle borns and a full 3 points lower than those who were first borns. Breaking down the results for women we once again see that first borns had the highest average score on the life satisfaction index. Second born middle were one point behind at 14, and right behind them was third born middle at 13. 5. The average score of middle born children was 13. 8. Once again, the lowest average scores belonged to those who were last borns. Those individuals who were the third born last borns had the lowest score of 11. 5, followed by fourth born last at 12, and second born last at 12. 5. All together, the last borns scored a 12 on average when taking the life satisfaction index.

Billy Joel

Billy Joel is a well known musician who has sold millions of albums across the world. Billy Joel has also won multiple grammys and several other awards. He has worked with many other artists and is affectionately known as â€Å"The Piano Man.† Billy Joel was born on May 9, 1949. He was born as William Martin Joel in Bronx, New York. He grew up in Levittown, New York. He had two siblings a sister named Judith, and his half-brother Alexander Joel. He started his career at a very early stage in his life. At the age of four he began taking piano lessons. He took lessons on piano until he was sixteen. He was in three bands before he could even drive and he was a veteran of all of them. Billy Joel decided to start his music career after watching a famous band called â€Å"The Beatles† on The Ed Sullivan Show. In 1971 he came out with his first album after dropping out of high school to pursue his career in music. The solo album was called â€Å"Cold Spring Harbor.† Billy Joel then decided to move to Los Angeles. Soon after he job a job as a lounge pianist. Billy Joel married his first wife Elizabeth Weber Small in 1973. They had been partners for years before they married. In 1982 they separated from each other and both moved on. He then went on to marry famous supermodel named Christie Brinkley. They then had a daughter named Alexa Ray on December 29, 1985. He then split from Christie Brinkley in 1993 and then met and married television star and journalist Katie Lee. The two divorced after being married for fives years. Billy Joel then went on to meet his current wife Alexis Roderick. They then married in 2015, and went on to have a baby named Della Rose. She was born on August 12, 2015. Billy Joel sold over 150 million successful albums and has won multiple awards. Throughout his career his singles hit the top charts almost every time. His singles hit the Top 40 thirty-three times through the 1970's, 1980's, and 1990's. He received a Grammy Legend Award in 1990 and a Billboard Century Award in 1994 for his outstanding music. Later in Billy Joel's career he suffered from an alcohol addiction and was continuously in rehab. He then recovered going on to make more music throughout the early 2000's. Joel then released â€Å"All My Life† in 2007. The single was his first in thirteen years with original lyrics. Billy Joel performed multiple times at Madison Square Garden and broke records, selling out his concerts monthly. Billy Joel is one of successful artists of all time topping the charts numbers of time throughout the years. He has won several awards and sold out many shows at popular venues such as Madison Square Garden. Billy Joel has continued to perform and tour throughout the world and break records.

The New Academic Freedom and Its Effects on Higher Education

The idea of â€Å"academic freedom† in American higher education is a fairly new concept. Before a recent change in educational practices, religious ideals were deeply rooted in higher education curriculum. By the late-twentieth century, however, the idea of academic freedom became more prevalent across the higher education community. As a result, the influence of religion played a lesser role in the development of curriculum across colleges and universities as professors seized their newly granted academic freedom. With the advent of the modern liberal movement in the United States, the atmosphere in colleges and universities has become increasingly oppressive of Christianity in the name of â€Å"academic freedom†. This issue was effectively†¦show more content†¦According to Buckley, such anti-Christian attitudes were prevalent across all departments at Yale University, even the Department of Religion itself. Because Buckley provides an analysis of the state o f Yale’s religious attitudes from personal experiences, God and Man at Yale is written entirely in a first person point-of-view. Throughout his account, Buckley offers a broad span of examples in demonstrating the extreme secularism present at Yale in the 1950s, as well as when he addresses the state of academic freedom there. In his section on academic freedom, Buckley offers his point of view on the issue, saying, â€Å"I believe it to be an indisputable fact that most colleges and universities†¦ cannot practice, and cannot even believe what they say about education and academic freedom† (Buckley 145). He argues that institutions of higher education push the idea of academic freedom when it is nearly impossible to achieve in practice. Throughout the book, Buckley provides a breadth of insight into the state of religion and academic freedom at Yale using examples as he did above when discussing a variety of issues. Through using a first person point-of-view, Buck ley effectively grasps the reader’s attention and helps relate his experiences to those who have experienced an educator who minimizes one’s beliefs. InShow MoreRelatedAcademic Freedom And Its Impact On Education1461 Words   |  6 PagesAcademic freedom is the independence of faculty and students to teach, study, and pursue information and research without irrational constraint from the law and institutional policy. Key areas include the freedom for professors to seek information on subjects that peek their intellectual interest and present their findings to colleagues, students, and publications without restrictions. Academic freedom allows faculty to choose their teaching style as long as it is deemed professionally appropriateRead MoreReflective Paper959 Words   |  4 PagesImportance of Academic Honesty your name Class number Date Instructor Name Importance of Academic Honesty This paper will explain the importance of academic honesty in students’ life. â€Å"Academic honesty means the performance of all academic work without cheating, lying, dishonesty of any kind, getting any unauthorized assistance and favors from anyone† (Valdosta State University). Academic honesty helps to motivate students to become better human beings. It is very important aspect ofRead MoreThe Ethics Of College Debt1299 Words   |  6 Pages Stephanie Jones Period 7 1081 words. College is where you go to get higher sources of education. Many high school students dream of attending college in order to attain more knowledge, yet so many people fail to realize the cost of college. Attending college, currently, is nearly impossible to do without being in some sort of financial debt or seeking out government help. According to the American Association of University Professors, â€Å"two-thirds of American college students graduate with substantialRead MoreThe Homeschooling Movement Of The United States1749 Words   |  7 Pagestwentieth century. After this switch, it was the schools responsibility to educate. Although, in 1960 parents and other concerned adults all over America started to observe that the children were not properly developing as people with the inefficient education the schools provided. Thus, sparking the homeschooling movement that resolved in the legalization of homeschooling in all fifty states in 1993 (Okun). As a result of the legalization, many Americans pulled their children out of public or privateRead MoreImpact Of The Smartphone On Students, Teachers, And Educational Facilities901 Words   |  4 Pagesits effect on students, teachers, and educational facilities. In this paper, I will explore the impact of the rhetorical devices used by the authors of two scholarly articles from different academic fields. â€Å"Using Smartphones to Supplement Classroom Reading† by Karen Bromley is written in the applied field of education; and, â€Å"You can lead a horse to water but you cannot make him learn: Smartphone use in higher education† by Chad C. Tossell and his team of authors originates from the academic fieldRead MoreCharter Schools vs. Public Schools Essay1341 Words   |  6 Pageswith their unique programs such as art, math, and science, charter schools are also the stronger academic choice for students. Parents should consider charter schools for their children†™s education. â€Å"Charter schools are independent public schools allowed to innovate while being held accountable for improving student achievements† (Edie, 2012, p.1). Charter schools are the best choice for a child’s education. According to Edie (2012), â€Å"Charter schools are public schools because they operate independentlyRead MoreChildcare Differences Between American And Chinese Culture Essay1670 Words   |  7 Pagescultural differences. What are the differences? The main focuses are on values, punishment, actions, and education. We can also compare childhood, adolescence, and maturity. These certain values help mold a culture and shows how a parent chooses to bring their children up in society. Childcare differences show us habits, morals, and the intentions of a child in these cultures, all creating different effects. Similarly, American and Chinese culture teach self-conduct when raising children. In Chinese cultureRead MoreChallenges Faced by First Year Students923 Words   |  4 Pagestaken into serious consideration as it involves ones future. If these issues are not looked at intently the consequences will have a severe impact on the student’s life and academic performance. WHAT CHALLENGES DO FIRST YEAR STUDENTS FACE AT UNIVERSITY? DISCUSS. Many people desire to acquire advanced education at a university. In doing so there are challenges that accompany this. In particular first year students are bombarded and affected the most by these issues. What are these issuesRead MoreFederal Law And Public Employee Relations1425 Words   |  6 PagesUniversity/Kansas National Education Association versus Kansas Board of Regents/Pittsburg State and Public Employee Relations Board case study This case study began as a result of a complaint that was filed with the Public Employee Relations Act (PERB) by the Pittsburg State University/Kansas National Education Association (KNEA). The Pittsburg State University’s faculty members were represented by the Kansas National Education Association. In the complaint, Kansas National Education Association proclaimedRead MoreHigher Education : Education And Education Essay1238 Words   |  5 PagesHigher education comprises all post-secondary education, training and research guidance at education institutions such as universities that are authorized as institutions of higher education by state authorities1. it comprises the entire activities a given country deem to be higher education not only those which take place within universities and graduate schools but short term education and training course that are 2-3 years in the length and even correspondence course that makes use of information