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Submitted by pankajchopra on April 23, 2008
- Category: Technology
- Words: 393
- Pages: 2
- Views: 21
- Popularity Rank: 2221
Hyundai
Hyundai Motors, which started its operations in the US amidst strong competition, pursued a strong organizational strategy of independence in developing absorptive capacity. It moved from one phase to another through acquisition, assimilation and improvement of foreign technologies. It acquired migratory knowledge to expand its prior knowledge base and proactively constructed crises as a strategic means of intensifying its learning effort.
Hyundai started its automotive business in 1967 with assembly of a Ford model. It acquired a production capability over the next ten years. It then focused on acquisition of engineering capability starting with subcompact category, and in next...
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