BCW Executive Commentary Mid-year ’09 Report
By Don Southerton , Bridging Culture Worldwide CEO BCW ’s executive-level commentaries share a first hand insight into Korean-based global business. Our message in January was quite simple—this year would be all about the economy. W e feel that's still true amid the political factionalism surfacing with the death of former president Noh Moo Hyun , and the North Korean regime's need to position itself for succession ( bold nuclear weapons and missile tests) . BCW ’s 2009 mid-year commentary provides a frank update into recent developments within Korean based global business. The report then shares some timely recommendations. First, the recession has driven most decisions so far in 2009. Firms are in crisis mode , which to many in Korea is nothing unusual. As we noted in January, the recession has the heads of Korean conglomerates looking to inspire their organizations to meet the challenge with passion and determination. Leadership urged their teams to capitalize on the g...
