Hyundai Mobis Innovates Organizational Culture to Secure Global Leading Technologies

Hyundai Mobis employees are researching autonomous vehicles.

[Asia Economy Reporter Changhwan Lee] Hyundai Mobis announced on the 29th that it will continue its company-wide transformation this year to secure sustainable future competitiveness despite uncertain domestic and international business environments.

Hyundai Mobis has set this year's management policy as "company-wide transformation execution centered on self-directed talent" to respond flexibly and efficiently to the rapidly changing market environment caused by the COVID-19 pandemic.

To execute this effectively and swiftly, three strategies have been established.

First, recognizing that the prerequisite for structural change is "people," Hyundai Mobis is accelerating innovation in the company’s organizational culture. It has determined that fostering a culture where employees are not afraid of failure and are encouraged to take on challenges is the foremost task to secure leadership in future vehicle technologies.

To this end, Hyundai Mobis prioritizes rapid decision-making and proactive execution by employees, creating a virtuous cycle environment where feedback is provided afterward regardless of the outcomes.

Secondly, the company is strengthening horizontal communication leadership and building educational infrastructure to nurture creative talent. Based on this organizational culture innovation, Hyundai Mobis aims to secure globally leading products and technological capabilities. In particular, it views software as the core competitiveness in the future vehicle parts market and is focusing on acquiring related capabilities.

Lastly, Hyundai Mobis plans to maximize synergy between organizations to secure differentiated technological competitiveness. Last year, to proactively respond to changes in the future vehicle industry landscape, Hyundai Mobis expanded the introduction of a complete business division system company-wide.

This aims to reduce decision-making stages for swift business promotion and strengthen responsible management to develop product-specific expertise. While faithfully implementing execution strategies according to each organization’s business strategy, the company will also focus on communication and collaboration between organizations to develop innovative technologies through technological convergence and fusion.

This content was produced with the assistance of AI translation services.