Dsme

A)By 2007 Korea had become the center of the global shipbuilding industry. Korea shipbuilding companies accounted for 35% of world shipbuilding market, with Japanese firms supplying 25% and the Chinese 15%. The Daewoo group was hit more naughtily by the IMF crisis. Even though DSME had a sound fiscal structure, it shared in the suffering because it had traditionally been treated as a cash cow and had subsidized other sick managed affiliates in the chaebol, such as Daewoo Motor. Daewoo Group was broken in to three separate companies in 2005 and Daewoo Heavy industry was in the process of liquidation. Although DSME and other big Korean shipbuilding companies were precise competitive in the global market, the supply chain of the Korean shipbuilding industry as a whole had some(prenominal) weaknesses. Most of the industries in the shipbuilding value chain in Korea were little competent than their counterparts in Japan and Europe3. Many of the downriver industries such as financing and shipping businesses were weaker. Similarly, some of the detect upstream industries like core ship component manufacturing were less competitive. In 2003, the Korean manufacturing industries spent 1.83% of their sales revenues on R&D, whereas the shipbuilding industry spent only 1.14%.



Another potentially damaging phenomenon was the increasing clean age of shipbuilding workers: in that respect was the possibility of productivity decline and loss of tacit friendship embedded in the minds of the retiring shipbuilding masters. In 2003, the average age of the workers in the Korean shipbuilding industry was to the highest degree 39, compared with 32 in the semiconductor industry in Korea.(PAGE NO 3,4).Also on page 9 it says china didnt had able skill to make quality ship right at a time but in future they give know and that will be competition for DSME. If we look at the page no.14 on exhibit 5 during 2003 to 2004 it shows that the ratio of Research of R & D expenditure to sale where Shipbuilding industry of Korea were going...If you want to wank a full essay, order it on our website: Orderessay



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