I’ve just begun compiling feedback from the new case study. Contributions from readers, like you, show
highly engagement in the study as well as many dealing with some common
issues.
One that surfaced was although they have achieved much
success Korean brands in their overseas operation need to adopt MORE to local
norms including accepting failure and missteps. If not, and as a consequence growth
will stall and be unsustainable--something of recent concern that we see
occurring globally amid strong competition by rivals and changing markets.
To paraphrase one well thought out response that nailed it
dead center with this profound statement.
With regard to their local Korean business operations “[a] company
needs to foster innovation rather than just be a fast follower.
Adding, “The challenge
is with ‘Acceptance of mistakes’, which as you noted [ in the case study] is
one of the foundations for American’s success. Culturally, failure [for
Koreans] is not an option. Until they realize that it can serve as a foundation
for success, they won’t be able to go much further.”
Again, in the next few episodes look for a more well thought
out feedback, which I share on the case study.
Meanwhile, changing the topic slightly, but sharing as solutions…I’ve
offered considerable content over the past several years in video format—first
are a series of 5 concise videos, and second a more recent 2015 presentation—all
captured in high resolution and quality audio. I strongly encourage you to view.
For the 1st five
videos they run 2-3 minutes, and the last video about 26 minutes.
|
Opportunities and Challenges
|
Common Misconceptions
Lesson in Localization
Competitive Advantage
A Shift in Korean Management Styles
Korea Perspective
As always I’m happy to answer questions, please direct them to
questions@koreabcw.com
Until next time…
No comments:
Post a Comment