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An Overview of Hyundai Motor’s Production System

In: Agile Against Lean

Author

Listed:
  • Hyung Je Jo

    (University of Ulsan)

  • Jun Ho Jeong

    (Kangwon National University)

  • Chulsik Kim

    (The Academy of Korean Studies)

Abstract

This chapter analyzes the key characteristics of Hyundai Motor’s production system and provides more of a broad outline from a macro-institutional and micro perspective through a comparison of Hyundai Motor and Toyota. Hyundai Motor has been able to escape from the ‘middle-ranked carmakers trap’ that it faced since the 1990s through benchmarking Germany’s modularization of parts sourcing and running of a large pilot center. The company has built up dynamic capabilities through engineer-centered ‘learning by improvisation’ and has made a bold investment in flexible automation and informatization to pursue a profit strategy of flexible scale and diversity. In addition, extended quasi-vertical integration has allowed Hyundai Motor to enjoy internal and external economies of scale through just-in-sequence-based modularization, and the company has aggressively launched overseas green-field production.

Suggested Citation

  • Hyung Je Jo & Jun Ho Jeong & Chulsik Kim, 2023. "An Overview of Hyundai Motor’s Production System," Springer Books, in: Agile Against Lean, chapter 0, pages 65-116, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-2042-6_2
    DOI: 10.1007/978-981-99-2042-6_2
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