Case Study of POSCO - Analysis of its Growth Strategy and Key Success Factors

Lee, Seung-Joo; Lee, Eun-Hyung

doi:10.2139/ssrn.1505288

Cited by 4 publications

(8 citation statements)

References 3 publications

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“…In 2012, POSCO's crude steel production was 39.9 million tons, the fifth highest in the world (World Steel Association, 2012). Considered technologically innovative, POSCO was the first steel manufacturer in the world to build successful FINEX iron-making technology commercial facilities, thereby reducing costs and preventing environmental pollution (Lee & Lee, 2009). BusinessWeek listed POSCO as one of the world's 50 most innovative companies in 2003 and most admired Asian company in 2007 (Lee & Lee, 2009).…”

Section: Methods Brief History Of the Target Companymentioning

confidence: 99%

“…Considered technologically innovative, POSCO was the first steel manufacturer in the world to build successful FINEX iron-making technology commercial facilities, thereby reducing costs and preventing environmental pollution (Lee & Lee, 2009). BusinessWeek listed POSCO as one of the world's 50 most innovative companies in 2003 and most admired Asian company in 2007 (Lee & Lee, 2009). According to the global competitiveness index generated by World Steel Dynamics ® information service, POSCO ranks among the most competitive steel companies in the world (Lee & Lee, 2009).…”

Section: Methods Brief History Of the Target Companymentioning

confidence: 99%

“…BusinessWeek listed POSCO as one of the world's 50 most innovative companies in 2003 and most admired Asian company in 2007 (Lee & Lee, 2009). According to the global competitiveness index generated by World Steel Dynamics ® information service, POSCO ranks among the most competitive steel companies in the world (Lee & Lee, 2009). In 2012, 17,000 workers were employed by POSCO.…”

Section: Methods Brief History Of the Target Companymentioning

confidence: 99%

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The Influence of the Founder's Ethical Legacy on Organizational Climate: Empirical Evidence from South Korea

Park

Kang²

2014

soc behav pers

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We investigated the relationship between the ethical leadership of the founder of a company and that company's ethical climate as perceived by 4 groups of employees. Surveys were administered to current and former employees of a large Fortune Global 200 steel manufacturer in South Korea. The total sample (N = 728) consisted of 4 subsamples: 2 comprising retirees and 2 comprising current employees. We found that the ethical leadership of the founder was associated with the company's ethical climate, and that relationship was significant for the 4 subsamples. Theoretical and managerial implications are discussed.

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Section: Methods Brief History Of the Target Companymentioning

confidence: 99%

Section: Methods Brief History Of the Target Companymentioning

confidence: 99%

Section: Methods Brief History Of the Target Companymentioning

confidence: 99%

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The Influence of the Founder's Ethical Legacy on Organizational Climate: Empirical Evidence from South Korea

Park

Kang²

2014

soc behav pers

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“…Second, operational excellence. In 1999, POSCO initiated a "PI" to streamline all the operations of the company (Lee and Lee, 2009). The hallmark of the PI is POSPIA (POSCO þ Utopia), an integrated enterprise resource planning (ERP) system, which links all parts of the business practices of POSCO.…”

Section: Supply Chains Frameworkmentioning

confidence: 99%

Extending the efficient and responsive supply chains framework to the green context

Youn¹,

Yang²,

Roh³

2012

Benchmarking: An International Journal

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Purpose -The purpose of this paper is to develop research frameworks for two types of green supply chains based on Fisher's seminal work. In spite of Fisher's contribution to the literature, his study has rarely been extended into green supply chain contexts, except in a few conceptual arguments. The current study explores how Fisher's perspective of efficient versus responsive supply chains can be a stepping stone to the development of two green supply chains: eco-efficient and eco-responsive supply chains. Design/methodology/approach -Toward the above end, a case methodology is employed (Yin). Two Korean global companies, Pohang Iron and Steel Company (POSCO) and Samsung Electronics (SEC), are selected to explore eco-efficient and eco-responsive supply chains. POSCO (steel products) is selected to enable the understanding of how efficient and eco-efficient supply chains work. SEC (mobile phone products) is chosen to understand responsive and eco-responsive supply chains. Findings -The findings suggest that POSCO tends to stress process technology innovation as a means to address green pressures, while SEC accentuates the green product strategy; while an eco-efficient supply chain focuses on keeping to an environmental standard across the supply chains, an eco-responsive supply chain centers on the collaboration of suppliers and distributors in greening the supply chain; and SEC takes more initiatives to educate and encourage consumers to engage in recycling activities than POSCO does. Originality/value -Few studies have examined the green supply chain using the perspective of Fisher's framework (efficient vs responsive supply chains). By addressing the timely topic, this study fills a research gap in green supply chain literature.

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“…Such endeavors are instrumental in increasing both firm-level and supply chain-level performance outcomes. For example, facing the global challenge of the competitive business environment, POSCO initiated an organization-wide project called, "process innovation (PI)" in 1999 to enhance the functional integration from the sourcing of raw materials to the final steel production in the supply chain (Lee and Lee, 2009). One of the major projects that were developed under the name of PI was POSPIA, an integrated ERP system.…”

mentioning

confidence: 99%

The role of mutual trust in supply chain management: deriving from attribution theory and transaction cost theory

Youn

Hwang

Yang

2012

IJBEX

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Information sharing practices among the supply chain partners enhance supply chain flexibility. The exchange of information sharing, however, may not ensure the expected quality outcomes of information. To test the mediating role of mutual trust between information sharing and information quality, this study uniquely examines four contexts of information sharing (receiving information from customers; receiving information from suppliers; providing information to customers; and providing information to suppliers). With two theoretical lenses, attribution theory and transaction cost theory, this study empirically investigates the interrelationships among information sharing, information quality, mutual trust, and supply chain flexibility with data from 74 Korean steel firms. The results suggest that (1) attribution error (i.e., self-service bias) is likely to happen when it comes to providing information context and (2) mutual trust plays a crucial role in transferring information sharing into information quality. Implications as well as future research opportunities are provided.

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Case Study of POSCO - Analysis of its Growth Strategy and Key Success Factors

Cited by 4 publications

References 3 publications

The Influence of the Founder's Ethical Legacy on Organizational Climate: Empirical Evidence from South Korea

The Influence of the Founder's Ethical Legacy on Organizational Climate: Empirical Evidence from South Korea

Extending the efficient and responsive supply chains framework to the green context

The role of mutual trust in supply chain management: deriving from attribution theory and transaction cost theory

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