GROUP MEMBERS SOBIA SALEEM. AKIFA FAZAL. UMAIMAH ZAFAR QASMI. MARRIUM HUSSAIN SHEIKH.
“NORTH KOREA”at a glance…
NORTH KOREA Full name Democratic People's Republic of Korea Situated in East Asia Occupies northern half of Korean Peninsula
"A SEA IN A HEAVY GALE”
HISTORY OF NORTH KOREA Divided in 38th parallel in accordance with UN arrangements. Division took place after World War II in 1945 North-to be administered by Soviet Union South- to be administered by United States Actual history starts in 1948
THE KOREAN WAR
CURRENCY OF NORTH KOREA
CURRENCY OF NORTH KOREA WON Subdivided into 100 CHON Issued by the Central Bank of Democratic People’s Republic of North Korea
CURRENCY OF NORTH KOREA Introduced in 1947 Replaced Korean Yen Revalued in 2009 First time in 50 years
LANGUAGE OF NORTH KOREA
LANGUAGE OF NORTH KOREA KOREAN- spoken by both South and North Descended from Proto-Korean, Old Korean, Middle Korean and Modern Korean After the Korean war, differences in the pronunciation of North and South differs significantly
LANGUAGE OF NORTH KOREA 15th century-a national writing system commissioned by Sejong the Great, the system being currently called Hangul Many classify it as ‘isolate’ Few consider it to be ‘Altaic’ language family
MANAGEMENT STYLES & PRACTICES
AMERICAN MANAGEMENT JAPANESE MANAGEMENT KOREALITY
RECRUITMENT HIRING AT INITIAL LEVELS. HIRING CRITERIA VARIES. ETHNOCENTRISM
SENIORITY SYSTEM “SONSAENGNIM” EMPLOYEES GET POLISHED & REFINED AS THEIR TENURE INCREASES.
TRAINING & DEVELOPMENT TRAINING FOR SPECIALIZATION. PERIODIC TRAINING IN TECHNOLOGY. SIMULATOR TRAINING. LINE ORIENTED FLIGHT TRAINING.
GROUP WORK FLEET SIZE OF 44 PER AIR CRAFT. GROUP WORK AS WELL AS INDIVIDUAL WORK . CONCEPT OF KAIZEN TEAMS .
BEFORE TAKING CRUCIAL DECISIONS, EMPLOYEES ARE TAKEN INTO CONFIDENCE BY TELLING THEM THE REASONS.
FOR DAY TO DAY DECISIONS, BOTTOM UP APPROACH.
PERFORMANCE EVALUATION INDIVIDUAL EVAUATION. Individual & quality circle evaluation. Employees are ranked on 1-5 calibrated scale. 360-degree evaluation. Basic salary increments/ decrements decided on individual performance QULAITY CIRCLE EVALUATION. Evaluated twice a year on the basis of their ideas successfully implemented. Bonuses are decided.
LEADERSHIP. Fatherly concern. UNIONS. For external lobbying. NEGOTITATION STYLE. “Yes "doesn't mean “Yes”.
MANAGEMENT STYLES AND PRACTICES KOREA GENERAL MACHINERY TRADING CORPORATION
Korea General Machinery Trading Corporation is a large North Korean machine company.
The company is headquartered in the Tongdaewon district near the capital, Pyongyang.
The company produces machine tools, metal parts, gears, electric motors, generators, hydroelectric generators, pumps, valves, mining equipment, rolling stock and other machinery.
MANAGEMENT STYLES Decision making by consensus: Decision making by consensus is practiced in this company. The Koreans call it "the pumui system” Top down approach is used. 2. Lifetime employment: Once an employee is hired by an organization, he is guaranteed lifetime employment until he retires. Korean employers lay off their employees in times of extreme hardship.
MANAGEMENT STYLES 3. Individualism in group settings: Individualism in a group setting is a unique feature . Individual aspiration is as important as organizational goals for most Korean employees. 4. Significance of Promotions: Promotion is very important because it becomes a crucial criterion which measures the success or failure of an employee. 5. Leadership: The leadership style is authoritarian and paternalistic. There is no father-son type of relationship between a superior and his subordinates.
MANAGEMENT STYLES 6.Group spirit: Group spirit is a means to achieve their individualistic aspirations. Their individual aspirations are too critically important to be sacrificed, and they can be attained by promoting group spirit. 7. Productive labor force: This company has abundant stock of well educated productive and disciplined work force. Quality of labor force is quite high.
MANAGEMENT PRACTICES Management practices must evolve and change to continue to meet the needs of an organization. Good Management Practices are those practices – or “activities” that will bring results. Following are some practices adopted by this company. Focusing on research and development. Developing human resources. Improving their product quality. Promoting technological innovation among employees. Bringing improvements in their performance evaluation process. Modernization of the Power Plants.