...Global strategy of LG Electronics as a leading Korean company Tomikazu Hiraga Senior research Fellow NLI Research Institute Economic recovery in advanced countries including Japan is still sluggish, although corporate financial performance has been recovering gradually. And companies whose business activities in emerging countries experiencing an economic boom account for a larger proportion tend to show better financial performance. Leading Korean companies have a larger presence in the world market and attract considerable attention. I will focus on LG Electronics, Inc., a leading company ranking with Samsung Electronics Co., Ltd. in the world’s electrical and electronics industries, with the largest market share in home appliances markets in important emerging countries, such as India, Brazil, and Indonesia, and relatively advanced management methods including corporate governance, which are highly valued, and will discuss features or important points of its global management and personnel strategy in this article. (Reference: Exchange rates as of August 5, 2010 were as follows. The Japanese yen/Korean won foreign exchange rate was approximately ¥0.074 to the Korean won. The Japanese yen/Indian rupee rate was approximately ¥1.87 to the Indian rupee. ) Leading Korean zaibatsu—The LG group The Korean zaibatsu (chaebol), a unique large companies group, is very influential in Korea’s corporate sector. Top 28 companies by market capitalization other than public corporations account...
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...Global strategy of LG Electronics as a leading Korean company Tomikazu Hiraga Senior research Fellow NLI Research Institute Economic recovery in advanced countries including Japan is still sluggish, although corporate financial performance has been recovering gradually. And companies whose business activities in emerging countries experiencing an economic boom account for a larger proportion tend to show better financial performance. Leading Korean companies have a larger presence in the world market and attract considerable attention. I will focus on LG Electronics, Inc., a leading company ranking with Samsung Electronics Co., Ltd. in the world’s electrical and electronics industries, with the largest market share in home appliances markets in important emerging countries, such as India, Brazil, and Indonesia, and relatively advanced management methods including corporate governance, which are highly valued, and will discuss features or important points of its global management and personnel strategy in this article. (Reference: Exchange rates as of August 5, 2010 were as follows. The Japanese yen/Korean won foreign exchange rate was approximately ¥0.074 to the Korean won. The Japanese yen/Indian rupee rate was approximately ¥1.87 to the Indian rupee. ) Leading Korean zaibatsu—The LG group The Korean zaibatsu (chaebol), a unique large companies group, is very influential in Korea’s corporate sector. Top 28 companies by market capitalization other than public corporations account...
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...LG targets to improve market share in home entertainment segment Published on: April 26, 2011 - 23:46 More in: * Business MUMBAI: Buoyed by surging income levels in the country, Korean consumer durables manufacturer, LG Electronics, is eyeing a 32 per cent market share in home entertainment products and Rs 20,000-crore revenue (from India) by end-this year. “Presently, we have a 29 per cent market share in home entertainment products in India and expect to up it to 32 per cent by December 2011,” LG Electronics India’s managing director, Mr Soon Kwon, told PTI here. “We are targeting around Rs20,000-crore revenue by end-2011 as against Rs 16,000-crore last year. We are growing fast in India and will continue to grow in the market,” he said. LG Electronics India has nine products in the segment and plans to launch more models in this segment in the coming days. “India is one of our key markets. Every year, we are launching some (new) models of home entertainment products in India. We will continue to launch more models in the coming days,” he said. Around 20 per cent of the company’s revenue comes from rural India and it plans to increase this by beefing-up its distribution by opening more outlets, he said. Presently, the company has 20,000 outlets pan-India. LG Electronics competes with Samsung, Philips and Whirlpool in the domestic market. India contributes 6 per cent to the company’s global revenue, he said, adding, “we expect it to double to 12 per cent in...
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...1.0 Introduction of LG Electronics Inc. LG Electronics Inc. is a South Korea multinational electronics company which is also known as the global leader and technology innovator in consumer electronics. The LG Company was a merger of two Korean companies, Lucky and Goldstar, from which the “LG” abbreviation was derived. (Mariush,2012) The company’s headquarter is located in Yeouido-dong, Seoul and the flagship subsidiary of the LG Group. LG has a global sales of KRW (Korean Won) 54.26 trillion which is equal to USD 49 billion in the year 2011. The company operates its business with four business units: mobile communication, air conditioning & energy solution, home entertainment and home appliance. (LG, 2012) It has 75 subsidiaries operates around the world that design and manufacture its products. LG is the world’s second largest flat screen television-set maker after Samsung Electronics Co. (Lee, 2012) Home Entertainment The LG Electronics which is also known as the top global players in home entertainment produces flat panel displays, audio players, video products, monitors, commercial displays and security systems for the consumers and also the commercial markets. LG is not only focusing on creating full-features devices but it is also emphasizing on following the technology boundaries to improve the products. Mobile Communication LG has committed to provide the best ever user experience to expand the next generation of communication by inventing new technologies...
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...Assignment: Letter to a European Philosopher PHI/105 Dear Soren Kierkegaard, I have read your profile and philosophical views on several subjects in the Moore-Bruder, (2008) AXIA Reading Material Handbook. I have two arguments that I would like to present to you on your philosophical views and choices you make to please a God that is not proven to exist. First I would like to talk about the agony of choices you made between your God and the woman you were going to marry named Regine Olsen. The choice of committing yourself to God affected you profoundly, by denying yourself the true love you longed for. You cannot touch, smell, or see this God you believe in. It sounds like to me you cheated yourself out of the one thing you truly desired. My question is why your God would want to deny you of the happiness you deserve no matter what your past childhood was like. I have to argue with your view that God has to be first place in your life. I feel you should never put someone else before your own, it only cost you emotions which is something you have had to deal with by making the choices you have to please this God that is not proven to exist Mr. Kierkegaard. My second argument has to do with your view on “The Sickness-Unto-Death”. I disagree with the statement ‘His eventual conclusion was that nothing earthy can save a person from despair. Only a subjectivism commitment to the infinite and to God, not based on abstract intellectualizing or theoretical reasoning, can grant...
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...Realism in Ibsen’s A Doll’s House and Churchill’s Top Girls Nineteen-century Europe held rigid conventionalisms of class division, social order and gender roles. Society hid behind the mask of hypocrisy in an attempt to preserve bourgeoisie’s position of power. In that concern, conceptions of ‘liberty of the spirit’[1] and ‘liberty of thought and of the human condition’[2] came to question. Thus, Henrik Ibsen drew attention to the threat to ideas of freedom and public opinion by giving life to A Doll’s House (1879). He aimed to critique constraints of Victorian society rather than vindicating the rights of women. In that sense, in a speech given in his honour by the Norwegian Women’s Rights League on 26 May 1898 he stresses: ‘Whatever I have written has been without any conscious thought of making propaganda. […] To me it has seemed a problem of humanity in general.’[3] Ibsen clearly states he strove to expose the manipulation of individuals’ liberties as he worked for the human cause. In Caryl Churchill’s Top Girls (1982) the aim of the play is to reveal how the fulfilment of women’s self-realization needs in the personal and social spheres is achieved by compromising humanity and morality. In the end, what ‘The New Woman’ gets is disillusionment and loneliness as she finds herself in a predicament: mother or career woman, sensitive or hardened. In Top Girls what is represented is the price women pay to go up the corporate ladder in a male-dominant world. Thus, I will...
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...Existentialism can be defined as a philosophical and literary tendency that typically displays a dismal of abstract theories that seek to disguise the untidiness of actual human lives and emphasizes the subjective realties of individual existence, individual freedom, and individual choice. Runaway by Kanye West is a great example of this philosophical theory and many connections can be made to his work and the work of Soren Kierkegaard, Franz Kafka, and Albert Camus. These four artists apply existentialist themes in their literature and even their private lives. The two themes that I found preeminent in these artists work are isolation and death. The four artists have a very philosophical cohesion between them. They all have a sense of isolationism in their works which makes their creations so unique. In Runaway by Kanye West, a phoenix falls to earth like a meteor and doesn’t know where she has ended up. The phoenix attempts to fit in with our society but she doesn’t know how to act in front of all these people so she is isolated. When the phoenix is at Kanye West’s dinner party, she sees a turkey that is about to be served for dinner and she is shocked and shrieks obnoxiously in front of all the guests and they look at her very differently and isolate her. In Metamorphosis by Franz Kafka, Gregor Samsa is portrayed as a bug and people look at him very differently. Gregor is isolated in his home and can’t leave because he doesn’t want his parents to look bad. “During the day...
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...Soren Kierkegaard’s quote on Soulmates I feel like a lot of people want to find their soulmate but don’t realize that it’s not easy to find your other half. You will not know who your other half is until you have time away from your other half. In my opinion, your other half is found after a long time away from each other. You must accept, know and love yourself before another can accept, know and love you. When you are in love with your other half it’s not all about the love, it’s about being with them and trying to do as much for each other as you can. Helping others and doing things together to benefit not only you two, but the world. I believe that you can feel when you are with your soulmate. You feel it from within and you can feel a change in the way your surrounds seem. Knowing who your soulmate is takes time. I believe that everyone has a soulmate and that we must not look for our soulmate, but wait. Waiting around and living life while waiting are two different things. Kierkegaard knows that soulmates are bound for somewhere after life. Kierkegaard believes that they will be joined with God. If the two souls were split in Heaven then they will be reunited on their way back to Heaven. Kierkegaard knows the delicate process of soulmates finding each other and joining. When soulmates are found it is often like a miracle-Kierkegaard describes the joining of two souls as a mystical, romantic experience from within. Whether you believe in God or not it doesn’t matter...
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...main concepts of Existential psychotherapy and their application to practice. To illustrate my discussions and reflections I must use a case from a helping relationship in everyday life. * Existential therapy is based on philosophy (Deurzen, 2012). The techniques used in this type of therapy is not specific, it is based on our existence in life. The conflicts that are experienced in life are based on the givens of existence. The therapeutic relationship is between the client and the therapist and most importantly it highlights the client’s personal freedom in deciding their own direction. 0 Some of the key figures regarding existential psychotherapy are Rollo May, Irvin Yalom, Martin Heidegger, Soren Kierkegaard, Friedrich Nietzsche, Viktor Frankl, Jean-Paul Sartre (Van Deurzen, 2012, May, 1969, Cox, 2012) 0 Some of the basic concepts of extentialism are freedom and responsibility, isolation, meaninglessness, nothingness, uncertainty, death, anxiety, just to name a few (Cox, 2012). In this essay three of these concepts will be discussed and illustrated followed by a case study to illustrate how these concepts relate to existence. 0 Freedom and Responsibility 0 The fact that we are responsible for ourselves mean that we have to make choices and to take responsibilities for our actions. In this respect we have to make decisions where we have to choose between alternatives and there...
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...The term Existentialism is the idea that the individual controls their own choices and destiny compared to believing in a higher being. In other words, all the events that occur during an individual’s lifespan are caused by their own discretion. Terror Management Theory refers to how humans rely on self- esteem as a means of protection against the inevitable death (Harmon-Jones et al.1997, pg. 24). Terror Management Theory states that self-esteem plays a vital role in either enhancing or diminishing the cultural anxiety buffer. This means that if a person has a high self-esteem (positive view on mortality and worldviews), the less afraid of death he or she feels; the phenomenon goes both ways. The Meaning Maintenance Model states that “human beings innately and automatically assemble mental representations of expected relations”, which means that people assume that most events are symbolic and is related to one another (Proulx & Heine, 2006, pg. 309). According to the Meaning Maintenance Model, a disruption to self-esteem reflects on how disengaged an individual is in relations to the environment and culture, in which that person will seek new explanations for their meaning. On the other hand, an increase in self-esteem equates to a decreased fear of death and assists in affirming worldly views. In other words, both Terror Management Theory and the Meaning Maintenance Model equates elevated self-esteem with an increased level of happiness and reduced fear of death, and vice versa...
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...Kierkegaard vs. Nietzsche Soren Kierkegaard and Friedrich Nietzsche are known to be two of the greatest nineteenth century existentialists of all time. Existentialism is a philosophy that emphasizes the uniqueness and isolation of the individual experience in a hostile or indifferent universe. It regards human existence as unexplainable, and stresses freedom of choice and responsibility for the consequences of one's acts. Soren Kierkegaard and Friedrich Nietzsche both felt that life is irrational. They were problem thinkers who chose not to follow the systematic approach to philosophy as their predecessors did. In this regard, they stood on common ground. Both realized that no system of philosophy operates in isolation of its creators inherent prejudices. Any subjective viewpoint is biased; therefore, objectivity is impossible in any moral example. They both recognized that God no longer exists in religion in present-day expression. Men and women go about their daily lives in a manner irreverent of the possibility that there is an all-powerful God governing their affairs. Surprisingly, they proclaim their devotion to God when questioned about it. However, in their attempts to resolve this moral affliction Nietzsche and Kierkegaard are different in their quest for a cure. The very foundations of their moral constitutions were built upon conflicting ideologies: Kierkegaard put his in Christianity, while Nietzsche’s in individualism and self-determination. Kierkegaard...
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...Kierkegaard felt that subjective reflection was more crucial to the individual life than objective reflection, because subjective reflection focuses on passion and human existence rather than logic and impersonal truth. The objective world is the world of facts and truth, independent of the perceptions of humans. Objective reflection focuses on what actually is, in the real world. Objective reflection centers on the things and ideas in the world that give meaning to life. The subjective world is the world of human thoughts, feelings, and perceptions. It focuses on the relationship between people and their thoughts, feelings and perceptions, in respect to their lives. It centers on how meaning in life is viewed subjectively, or how humans find meaning in their lives. To Kierkegaard, subjective reflection is the relationship to what a person values in life. One major difference I noticed in the reading, between the objective and subjective realms, is in regards to 'being' versus 'becoming'. Kierkegaard stated, “the objective world is as it is: being”. The subjective world is always 'becoming' something else through internal conflicts and struggle. However, the latter difference then creates a chain, as another difference arises between the two realms. The objective world is based in reason, while the subjective world is based in passion. Kierkegaard believed that subjective reflection is the key understanding meaning in life. In a sense, he complains about the...
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...Chantae Irvin April 17th, 2016 Kierkgaard’s “3 Stages of Life (Aesthetic, Ethical and Religious) Soren Kierkegaard (1813–1855) emphasizes the stages of life’s way which includes aesthetic, ethical and religious. It is essentially stated that all persons pass through the three stages to come into themselves. However, the idea of aesthetics, ethical and religious matters does not always coincide with one another. These things all potentially hold different characteristics and are developed differently in each individual. Nonetheless, they will essentially conflict with one another as Kierkegaard describes their stages in a fictitious manner. Kierkegaard makes it rather intense to give his own particular standpoint on the stages of life, and he does not decree answers. On the other hand, he encourages individuals to make their own conclusions. My theory is that the stages on life’s way including aesthetics, ethical and religious stages are the infinite developments on life’s way for all individuals. However, these stages are not emphasized to have had chronological order. They are uniquely criticized differently as they all are developments of life’s way. These three stages were composed for everyone to analyze and evaluate their own situations distinctively. The answer to the three stages of life does imply the individual interpretation on particular stages rather than someone else’s interpretation. In theory, the uniqueness of aesthetics, ethical, and religious stages are...
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...Existentialism rejects the existence of any source of objective, authoritative truth about metaphysics, epistemology, and ethics. Instead, individuals are responsible for determining for themselves what is “true” or “false,” “right” or “wrong,” “beautiful” or “ugly.” For the existentialist, there exists no universal form of human nature; each of us has the free will to develop as we see fit. Existentialism is the most individualistic of all modern philosophies. Its overriding concern is with the individual and its primary value is the absolute freedom of the person, who is only what he makes himself to be, and who is the final and exclusive arbiter of the values he freely determines for himself. Great emphasis is placed on art, on literature, and the humanistic studies, for it is in these areas that man finds himself and discovers what values he will seek to attain. Existentialism represents a protest against the rationalism of traditional philosophy, against misleading notions of the bourgeois culture, and the dehumanizing values of industrial civilization. Since alienation, loneliness and self-estrangement constitute threats to human personality in the modern world, existential thought has viewed as its cardinal concerns a quest for subjective truth, a reaction against the ‘negation of Being’ and a perennial search for freedom.. The evaluation of existentialism has been quite negative. Some even view it as an anti philosophical...
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...Albert Camus was a French-Algerian writer best known for his absurdist works, including The Stranger (1942) and The Plague (1947). He won the Nobel Prize for Literature in 1957. Early Life Albert Camus was born on November 7, 1913, in Mondavi, French Algeria. His pied-noir family had little money. Camus's father died in combat during World War I, after which Camus lived with his mother, who was partially deaf, in a low-income section of Algiers. Camus did well in school and was admitted to the University of Algiers, where he studied philosophy and played goalie for the soccer team. He quit the team following a bout of tuberculosis in 1930, thereafter focusing on academic study. By 1936, he had obtained undergraduate and graduate degrees in philosophy. Political Engagement Camus became political during his student years, joining first the Communist Party and then the Algerian People's Party. As a champion of individual rights, he opposed French colonization and argued for the empowerment of Algerians in politics and labor. Camus would later be associated with the French anarchist movement. At the beginning of World War II, Camus joined the French Resistance in order to help liberate Paris from the Nazi occupation; he met Jean-Paul Sartre during his period of military service. Like Sartre, Camus wrote and published political commentary on the conflict throughout its duration. In 1945, he was one of the few Allied journalists to condemn the American use of the atomic bomb...
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