Daewoo: A company of great potential lost in managerial malfunctioning
Daewoo: A company of great potential lost in managerial malfunctioning
The history of Daewoo Motors is unfortunately a sad replica of blames and mismanagement. Choi Jong Hak the representative of the Labor Union laid serious allegations on management and said Kim Woo was the major culprit who didn't had the moral qualms to withdrew money from the business for personal use, and he was the one who has to be punished for the scams and the misdeeds he performed. Such was the amount of hatred and distrust in the employees that it was hardly possible for them to sustain a company. Daewoo thus fell a miserable prey to allegation politics and catastrophic mismanagement. A company which promised to deliver so much yet left banished. But Daewoo would always be remembered as a path breaking company is the history of Asia.