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Hyundai Motor Company Business Challenges and Relationships - Case Study Example

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The goal of the present study is to outline the following aspects of the Hyundai Motor Company: the Strategic Challenges it is Facing, South Korea’s Assessment as the home of the Company and the Relationship existing between Hyundai’s main office and it’s US subsidiary…
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Hyundai Motor Company Business Challenges and Relationships
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Download file to see previous pages In a bid to penetrate the markets of the developed countries, the company’s packaging strategy faced great challenges. First, the company’s most expensive car model such as the Santa Fe and Sonata were undervalued when compared against their competitors in those markets. A research in these markets reviled that despite the cars from Hyundai ranking high in terms of quality scores when compared to their competitors, they still had lower resale values. A good example is the Hyundai’s Elantra which had higher quality rankings than the Dodge Neon, Nissan Sentra, and Chrysler but when it came to the resale values all these car models ranked well than it. Similarly, this was phenomena was also exhibited in the Hyundai Santa Fe. Its quality rankings ranked higher than that of competing models such as the Toyota RAV 4, Toyota Highlander, the Jeep Liberty, the Ford Escape and the Mazda Tribute. After one-year of sale, the retail value of the Hyundai Santa Fe was much lower than all these car models from competitors. To make matters worse the resale value gap between the Hyundai Santa Fe car and its competitors such as the car models from Toyota was larger than the quality gap between the car models. The resale value of a car is usually considered as the market’s perception of the quality, worth and value of that specific model. These low ranking of the models from Hyundai models in the markets of developed nations pose a great challenge to the survival of the company in those markets. ...Download file to see next pagesRead More
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