The Fall of Daewoo Motors
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(Case Code: BSTR034) click on the button below, and select the case from the list of available cases:
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Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Case Details:
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Price: |
| Case Code |
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BSTR034 |
For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 + Rs. 25 for Shipping & Handling Charges
Themes--- |
| Case Length |
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13 Pages |
| Period |
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1990 - 2001 |
| Pub. Date |
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2002 |
| Teaching Note |
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Available |
| Organization |
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Daewoo Motors |
| Industry |
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Automobile & Automotive |
| Countries |
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South Korea |
Abstract:
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The case examines the problems faced by South Korea-based Daewoo Motors, the flagship company of the Daewoo Group. Daewoo Motors expanded rapidly in several risky and uncertain markets by taking huge debts. The company offered its products at low prices and with huge discounts, thus further increasing its losses. The case also discusses how financial mismanagement by Daewoo's promoters and the Southeast Asian Financial Crisis in 1997-98 ultimately led to the company's bankruptcy. In early 2000, the South Korean government invited bids for the sale of Daewoo Motors. After two years of negotiations, Daewoo Motors was finally acquired by the US automaker General Motors.
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Issues:
» Study the role of culture, ethical standards and corporate governance practices in the survival and success of large, diversified companies
Contents:
Keywords:
South Korea, Daewoo Motors, Daewoo Group, huge debts, huge discounts, losses, financial mismanagement, Southeast Asian Financial Crisis, 1997-98, bankruptcy, 2000, two years, negotiations, US, automaker General Motors
The Fall of Daewoo Motors
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