Hyundai Motor America
Due to the growing demand for Hyundai motors, Hyundai Motor America has decided to diversify its portfolio by setting up a sister company. The company will be selling the latest design of Hyundai to meet the different needs of our customers. (Nazgner, 2003) The company will invest heavily in design, quality, manufacturing as well as research in long term on the different automobiles that will be sold by Hyundai: One of our plans would include improvement of Hyundai Excel which is one of the best manufactured.
Already, the different makes that have been proposed have been received well and the customers are asking for more vehicles with state of the art technology. (Isabel, 2004) Our efforts will also include reducing the costs depending on the availability of the raw materials. The main aim of establishing the motor industry will be to make America grow in popularity as far as car manufacturing is concerned. America also hopes to compete better with other motor companies. The motor company will improve creativity in the industry. (Isabel, 2004) Organization structure
The top management will comprise the overall manager or the director. Under the director, it will have Operations Manager, Manufacturing Manager, Industrial Manager, Sales Manager, Accountant, Technical Manager and the Distribution Manager. All the Mangers will have assistants who will be working alongside with them. (Nazgner, 2003) The Director will be in charge of all the company’s businesses, and will be chairing all the meetings. He will also be the Chairman of the people. The Director will also be the Chief Decision maker and will ensure that all the managers comply with the rules and regulations of the company.
He will also ensure that the plans made are implemented by his managers and all the recommendations made are followed and acted upon. (Isabel, 2004) In addition, he will be representing the company in all matters relating to Hyundai Motor Company. The Industrial Manager will be in charge of all the needs of the company. He will be reporting to the Director all the requirements that the company should meet at a particular time. (Isabel, 2004) The Industrial Manager will also be working alongside the manufacturing manager especially when sourcing for raw materials.
The manufacturing Manager together with the Industrial manager will be doing the comparative analysis regarding the automobiles that have been produced in the past and the future trends. The two managers will also co-ordinate the importation of the raw materials that are not locally available. Through the Manufacturing manager, the board will rely on the reports received from the Manufacturing and the Industrial Managers and their recommendations. The board, however, will oversee all the projects undertaken by the Hyundai Motor Company. (Nazgner, 2003)
To improve efficiency, the existing board of directors will appoint some staff members who will comprise a committee which will also be in charge of internal organizations. The committee will be taken through some form of training which will be aimed at enhancing their skills and acquisition of new ones in the motor industry. The Accountant will head the Accounting Department. He will produce all documents involving all the monetary transactions made to ensure transparency and accountability. Some of the invoices and cash receipts will be handed over to the Director, since he will be having the final word on everything.
(Isabel, 2004) The accountant will also open different accounts for the different projects initiated by the company. On the other hand, the Operations Manager will be in charge of the on goings of the industrial sector and will harmonize the existing and the designs most preferable in the future. The Operations manager will also ensure that all manufactured vehicles meet the standards required the government and should be involved during the testing process. (Nazgner, 2003) He will also be expected to suggest improvements on the manufactured vehicles and give a report of his findings as well the recommendations.
To keep up with the current technology, the Operations manager will suggest a list of companies offering latest technology and decide whose services to hire. However, for the company to produce excellent results, team work will be encouraged in all the departments. Consultations within the departments will ensure that there is active participation of all members in the company. (Isabel, 2004) Managerial Challenges In the Hyundai Motor Company, there are many managerial challenges. One of the challenges is mutual distrust, especially from the consumers.
(Nazgner, 2003) For instance due to the stiff competition, the consumers feel that the company is just out to make a name for itself but it does not really care about what the consumers get finally. The management is likely to experience skepticism from other employees within the motor industry. The added responsibilities are seen as a burden to the employees and therefore, the employees may not be willing to cooperate. (Isabel, 2004) The employees fear that the expansion for the motor industry will throw them out of their jobs and the management might bring in other exposed and experienced employees to replace them.
The management though confident, could doubt their capabilities to serve the vast population and meet all their requirements fully. The unfamiliar technology, demands that the staff be taken through training process to make them compliant in the business. The training seems to put a lot of pressure on the managers on the best way to conduct the training. The decision on whether to apply a certain formula has created a lot of confusion since all employees have different motivations and talents. The departmental managers are not usually able to deal with the increasing demands of the employees as well as the end consumers. (Isabel, 2004)