60여 년을 이어온 지속 성장의 비밀: LG화학의 전략, 관리, 문화에대한 종단적 사례분석

초록

Since its establishment in 1947, LG Chem, Ltd. has maintained consistent, deficit-free growth for the past 60 years. This research attempts to explore the means by which this company has been able to continuously achieve such remarkable performance, with particular attention given to the aspect of strategic responses of a company. As a single longitudinal case study looking at the influence of management on a firm’s performance, we analyze the company using the three dimensions of strategy, management, and culture. We find that the growth of LG Chem, Ltd is due to several factors. First, in terms of strategy, LG Chem, Ltd. was found to have a markedly unique and multi-faceted business portfolio, along with what can be called an “early bird perspective”. Next, in regard to its administrative aspect, the company was shown to practice an “execution promotion type” management process, and to consist of a “team-work oriented” personnel. Finally, in relation to its cultural point of view, LG Chem, Ltd. was noted as having organizational loyalty, and an overall positive company milieu. Interaction among three growth elements is found to be influential in the firm’s performance. These are: ‘innovative orientedness’, ‘community spirit’ and, lastly, ‘adaptation to change’. Although it may be difficult to generalize the results of this research as it is based on the single case study of LG Chem, Ltd., we hope that it could contribute to the field, as it enhances existing literature through a deeper analysis of various organizational dimensions which include strategy, management, and culture.

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