Professional Documents
Culture Documents
Effective
Management
on Hyundai
Motors
● Overview of Hyundai Motors
● Conclusion
History and Background:
Hyundai Nishat Motors is a collaboration between Hyundai Motor Company and Nishat Mills
Limited, a leading textile manufacturing company in Pakistan. The collaboration was formed
in order to introduce Hyundai vehicles to the Pakistani market and to increase Hyundai's
presence in the country.
Hyundai Motor Company announced the joint venture in 2017, when it signed an agreement
with Nishat Mills Limited to establish a car assembly plant in Pakistan. The plant is located in
Faisalabad, Punjab, and is outfitted with cutting-edge manufacturing facilities for Hyundai
vehicles.
In 2019, Hyundai Nishat Motors introduced its first locally assembled vehicle, the Hyundai
Tucson SUV. Customers in Pakistan responded positively to the Tucson, and the company has
since expanded its product lineup to include other models such as the Hyundai Elantra sedan
and the Hyundai Porter pickup truck.
Hyundai Nishat Pakistan Management Principles:
1. Planning: Hyundai Nishat Pakistan emphasizes comprehensive planning at various levels of the
organization. Long-term strategic plans are designed to guide the company's growth and market
expansion. Short-term action plans are also implemented to achieve certain goals.
3. Human Resources: Hyundai Nishat Pakistan recognizes the importance of recruiting, selecting and
retaining talented people. The company follows an ultra careful recruitment process and invests in
training and development programs to improve the skills and abilities of employees.
Hyundai Nishat Pakistan Management Principles:
4. Management: Effective management and communication are crucial to the way Hyundai
Nishat Pakistan is managed. Managers give clear instructions and motivate employees to achieve
their goals. Regular performance reviews help guide employee performance.
5. Controlling: The company implements control systems to monitor and evaluate progress
towards organizational goals. Key Performance Indicators (KPIs) are defined and regular audits
are conducted to ensure that targets are met. Adjustments are made as needed to maintain
performance standards.
Conclusion
Recommendations:
c) Adoption of Latest Technology: Hyundai Nishat Pakistan should stay updated with the latest
technological advancements in the automotive industry to remain competitive.
Conclusion:
The application of these principles increased efficiency, increased employee commitment and
achievement of organizational goals.
Hyundai Nishat Pakistan can improve its management practices and can sustain success in the
automotive industry by embracing continuous improvement, empowering employees and embracing
technological advancements.
The company aims to introduce high-quality Hyundai vehicles to the Pakistani market, catering to
customer preferences and needs. Hyundai Nishat Motors has made significant strides in the
Pakistani automotive industry, including the launch of locally assembled vehicles such as the
Hyundai Tucson and Hyundai Elantra.
“Management is
doing things right;
Leadership is
THE END doing the right
things”.