When generous supplier development activities in Korea came to a screeching halt after the country was hit by the Asian economic crisis, the big conglomerates had to find new, more economical ways to develop their suppliers, short of cash incentives. Hard choices had to be made. But so far these choices, though made under duress, appear to be sound ones that are helping to forge new patterns of supplier development in Korea. How are the country's enterprises managing this recovery?
ASJC Scopus subject areas
- Business and International Management