The decline of the modern dynasty.docVIP

 PAGE \* MERGEFORMAT 38 The decline of the modern dynasty Chairman of the suicide, so that South Korea’s Hyundai Group has once again become the focus of world attention. Desperately expansion behavior of the blind pursuit of market share, resulting in Hyundai everything, that is, no profit. Its huge bloated, debt-ridden business group, to become readily available to make the Korean economy into the winter, the atomic bomb; and business leaders because of dislocation between government and enterprises, doing this the Government to do the work, but also the enterprise drag the brink of collapse. What are the responsibilities of enterprises? The decline of South Korea’s Hyundai Group so that we send out such inquiry. South Korea’s former first enterprise - Hyundai’s tragedy so that we sighed with regret at the same time, has become a lesson for some of China’s large enterprises. Neighbors as a mirror, we reported that the purpose of Hyundai ups and downs. Part I: Chung Ju-yung and his sons King, Chairman Want to talk about South Korea’s Hyundai Group, and Chung Mong-hun, will not open around the Chung Ju-Yung. It has been joked that in South Korea, one can not know Who is the president, but must be aware that Chung Ju-Yung. As the founder of Hyundai Group, Chung Ju-yung interpretation of a legend. In 1915, Chung Ju-Yung was born in Korea Gangwon-do tongchon of a peasant family. Watched his father in the fields farming Yezuo day at home are living beyond their means, as the eldest son of Chung Ju-yung determination not to renew his father’s life trajectory, although deeply influenced by Chinese Confucianism great respect for his father. In 1930, Chung Ju-yung primary school decided to go look for a job in Seoul, but does a little social experience, he just out of the house, money Jibei who cheated and had to panic and back. Chung Ju-yung, and the young do not remain an optimist. Two years later, Chung Ju-yung body hides sold two oxen money at home, onc