A comparative study of management system between the U.S. and Korea

Abstract

Korea's rapid industrialization and its emergence on the world market amidst high competition within recent years are remarkable events in its economic history and thus has begun to attract the interest of Western economists and public and private managers. Recently the Korean business firms have landed on the United States and collaborated with their counterparts in the United States. A series of these events made two countries-- Korea and the United States— eager to know each's management system for their joint venture. If businessmen are going to be able to deal effectively with their counterparts it is essential that they understand each other's values, behavior, and their management system. This thesis first focuses on each management system between Korea and the United States in terms of cultural background, then overviews their general characteristics. The survey was conducted for the Korean management system by utilizing Likert's model. Its data is compared with those of the American management system from the previous ICL Study. Finally it shows where and why their management systems differ and what they can learn from these differences by reviewing their merits and demerits.