Hyundai Shared Value

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Shared Value Concept at Hyundai
In Hyundai, Shared Value is creating a better future for everyone present while taking the global community forward. Building Smart cars is one way to do it, which makes disability a non-issue for some while making drive possible. We can look into the five ways in which Hyundai achieves this feat.
Shared Innovation originating from innovation in technology is one of the ideals from its shared value concept. This concept looks into better safety for all, affecting the environment minimally and at the same time increasing the performance. The welfare of the society can also be looked into in this case with incorporation of social values such as helping the disabled people. The effort can lead to reduction in the …show more content…

The values which get generated for Hyundai form this initiative include prospects for growth by having new sources of revenue. The recycling of vehicles also will boost the image of the company which will lead to increased sales. The waste generation in some countries lead to increased taxes, so as a result tax payment will also decrease for the company. The communication with the government which is a major stakeholder for any automobile company will increase in case of having recycle as a main stay in company goals. For the society, the values it will generate will include building recycling capacity in less developed places. This will also help the industry to grow in a sustainable manner. The emission from the used vehicles is also reduced along with recovery of important resources back to manufacturing. One such facility is located in Mongolia which helps government officials dismantle and transfer technologies related to recycling to other …show more content…

For achieving this Hyundai follows a Blue Drive Technology which is evolves according to the market for green cars. Some steps followed by Hyundai include combination of both Electric motor and Fossil fuel engine to provide better efficiency as well as performance. Also, Fuel cell electric vehicles are also present who help in achieving zero emissions. Hyundai is present in this segment with the Tucson ix as well as in the Hybrid models with Grandeur Hybrid.
Second issue is transformation of society into a low carbon one with better emission standards. The plants of Hyundai have to get a better facilities at its centres with reduction in greenhouse gases. The regulatory changes are being done which require GHG reductions. Such schemes can have an impact on the profitability of the company. So Hyundai is coming up with plans such as solar roof top panels, LED light installation, high efficiency boiler installation, and reduction in wastage of heat generated in the process of making

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