NORTH KOREAThe land of heaven lakes….

GROUP MEMBERS

• SOBIA SALEEM.• AKIFA FAZAL.• UMAIMAH ZAFAR QASMI.• MARRIUM HUSSAIN SHEIKH.

“NORTH KOREA”at a glance…

NORTH KOREA • Full name

Democratic People's Republic of Korea • Situated in East Asia • Occupies northern half of Korean Peninsula

"A SEA IN A HEAVY GALE”

HISTORY OF NORTH KOREA

• Divided in 38th parallel in accordance with UN arrangements.

• Division took place after World War II in 1945• North-to be administered by Soviet Union• South- to be administered by United States• Actual history starts in 1948

THE KOREAN WAR

CURRENCY OF NORTH KOREA

CURRENCY OF NORTH KOREA

• WON• Subdivided into 100 CHON• Issued by the Central Bank of Democratic

People’s Republic of North Korea

CURRENCY OF NORTH KOREA

• Introduced in 1947• Replaced Korean Yen• Revalued in 2009• First time in 50 years

LANGUAGE OF NORTH KOREA

LANGUAGE OF NORTH KOREA

• KOREAN- spoken by both South and North• Descended from Proto-Korean, Old Korean,

Middle Korean and Modern Korean• After the Korean war, differences in the

pronunciation of North and South differs significantly

LANGUAGE OF NORTH KOREA

• 15th century-a national writing system commissioned by Sejong the Great, the system being currently called Hangul

• Many classify it as ‘isolate’• Few consider it to be ‘Altaic’ language family

MANAGEMENT

STYLES &

PRACTICES

JAPANESE MANAGEMENT

AMERICAN MANAGEMENT

KOREALITY

TQM NETWORK BASED

MANAGEMENT

CONSENSUS BUILDING

ELIMINATION OF TRIVIAL

ROLES

KOREALITY

KOREALITY

RECRUITMENT

• HIRING AT INITIAL LEVELS.

• HIRING CRITERIA VARIES.

• ETHNOCENTRISM

SENIORITY SYSTEM

• “SONSAENGNIM”• EMPLOYEES GET POLISHED & REFINED AS

THEIR TENURE INCREASES.

TRAINING & DEVELOPMENT

• TRAINING FOR SPECIALIZATION.

• PERIODIC TRAINING IN TECHNOLOGY.

• SIMULATOR TRAINING.• LINE ORIENTED FLIGHT

TRAINING.

GROUP WORKFLEET SIZE OF 44 PER AIR CRAFT.

GROUP WORK AS WELL AS INDIVIDUAL WORK .CONCEPT OF KAIZEN TEAMS .

DECISION MAKING •BEFORE TAKING CRUCIAL DECISIONS,

EMPLOYEES ARE TAKEN INTO CONFIDENCE BY TELLING THEM THE REASONS.

•FOR DAY TO DAY DECISIONS, BOTTOM UP APPROACH.

INDIVIDUAL EVAUATION.

Individual & quality circle evaluation.

Employees are ranked on 1-5 calibrated scale.

360-degree evaluation.

Basic salary increments/ decrements decided on individual performance

QULAITY CIRCLE EVALUATION.

Evaluated twice a year

on the basis of their ideas successfully implemented.

Bonuses are decided.

PERFORMANCE EVALUATION

LEADERSHIP.Fatherly concern.

UNIONS.For external lobbying.

NEGOTITATION STYLE.

“Yes "doesn't mean “Yes”.

MANAGEMENT STYLES AND PRACTICES

KOREA GENERAL MACHINERY TRADING CORPORATION

• Korea General Machinery Trading Corporation is a large North Korean machine company.

• The company is headquartered in the Tongdaewon district near the capital, Pyongyang.

• The company produces machine tools, metal parts, gears, electric motors, generators, hydroelectric generators, pumps, valves, mining equipment, rolling stock and other machinery.

MANAGEMENT STYLES

1. Decision making by consensus:• Decision making by consensus is practiced in this

company.• The Koreans call it "the pumui system”• Top down approach is used.

2. Lifetime employment:• Once an employee is hired by an organization, he is

guaranteed lifetime employment until he retires. • Korean employers lay off their employees in times of

extreme hardship.

MANAGEMENT STYLES

3. Individualism in group settings:• Individualism in a group setting is a unique feature .• Individual aspiration is as important as organizational

goals for most Korean employees.

4. Significance of Promotions:• Promotion is very important because it becomes a

crucial criterion which measures the success or failure of an employee.

5. Leadership:• The leadership style is authoritarian and paternalistic.• There is no father-son type of relationship between a

superior and his subordinates.

MANAGEMENT STYLES6. Group spirit:• Group spirit is a means to achieve their individualistic

aspirations.• Their individual aspirations are too critically important

to be sacrificed, and they can be attained by promoting group spirit.

7. Productive labor force:• This company has abundant stock of well educated

productive and disciplined work force.• Quality of labor force is quite high.

MANAGEMENT PRACTICES

• Management practices must evolve and change to continue to meet the

needs of an organization.• Good Management Practices are those practices – or “activities” that will

bring results.• Following are some practices adopted by this company.

1. Focusing on research and development.

2. Developing human resources.

3. Improving their product quality.

4. Promoting technological innovation among employees.

5. Bringing improvements in their performance evaluation process.

6. Modernization of the Power Plants.

International relations

Relations with Russia

Relations with China

Relations with Pakistan

•Trade relations•Scandals

STANDING IN WORLD ORGANIAZATIONS

conclusion