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LG Electronics: Business Analysis

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Rewards based on performance are vital for motivation. LG Electronics assess performance results positively and rewards employees accordingly. Equal opportunities build a good trust among employee (Nelson Richard R, 1993). Company ensures that equal opportunities regardless of race, gender, age, religion, or nationality. Maintaining a long-term perception is the strong foundation for LG 's human resource system. The human resource programs of LG Electronics are well designed with a long-term perspective and implemented with commitment and persistence. Through the company’s education centers worldwide, it offers diverse educational awareness and programs to its employees. These useful opportunities are accorded by job and rank to support growth …show more content…

Generally strategic alliances involve the sharing of knowledge and proficiency between partners as well as the lessening of risk and costs in areas such as affiliation with suppliers and the development of new technologies and business products. LG Electronics is making advanced technology and identifying business opportunities through several business partnerships relationships with some of the worlds top electronics companies. LG Electronics is determined to become number one in the world by collaborating in several business and technology area and by strategic alliances with world leading …show more content…

Electronic companies are adopting and implementing workforce diversity management strategies with a point of achieving higher performance (Vogel Ezra F, 1991). Human Resource diversity management has gained impetus because of the pressures on business that become globally competitive, the changing labor force arrangement, and growing awareness of the value of human resources management (Vogel Ezra F, 1991). The Korean company, LG electronics running under the Chaebols strategy. Mainly the company deals with several electronics, mobile and home appliance devices. The strategy of chaebols that allows the family established and run enterprises to run and manage huge markets. The chaebols facilitate the country to get much foreign exchange, employ the local youth and create quality products for the entire world. The HR strategy of the LG Electronics is closely guarded by the family where families members in the own country help to run the group of companies. However, the international business strategy is the geocentric method that allows the company to use the local labor force from where the company established. LG Electronics has also engaged in several valuable strategic alliances. With the alliance with Microsoft, LG mobile phones run on windows operating systems and it is

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