McKinsey 7S Framework of Hyundai 

Hyundai Motor Company is a South Korean automotive manufacturing company. Chung-Ju-Yung established the automobile company in 1967. Today, we’ll discuss the McKinsey 7S framework of Hyundai Motor Company as a 7S framework in strategic management and change management; strategy, structure, system, staff, skill, style, and shared values of the McKinsey 7S model with Example Company.

Products and services of Hyundai Motor

• Hyundai i10,
• Hyundai Accent,
• Spare parts,
• Hyundai Getz,
• Verna Hyundai
• Hyundai Sonata Embera,
• Engines,
• Various luxury and commercial vehicles.
• Hyundai Tucson,
• Santro Xing Hyundai
• Hyundai i20,
• Hyundai Santa Fe,

Subsidiaries of Hyundai Motor

• Hyundai China
• Beijing Hyundai
• Hyundai Japan
• Hyundai Motors Indonesia
• America Hyundai Motor
• Hyundai of Canada
• Philippines Hyundai Motors
• Hyundai Motor Europe
• Hyundai Motor of South America
• Do Brasil Hyundai

Statistical facts and figures of Hyundai Motor

• Hyundai Motor’s annual revenue in 2022 was 92.4 billion USD
• Out of which, the net profit of the automotive company was 6.45 billion USD
• Approximately 104731 employees are working for the company to manage its operations
• The net worth of the automobile brand was 233.95 South Korean W

Top Competitors of Hyundai Motors

• Fiat,
• Chevrolet,
• Nissan Motors,
• Toyota Motor
• Volvo,
• Ford Motor Company
• Volkswagen
• Skoda Auto,
• Honda
• BMW
• Tesla
• Tata Motors
• Maruti Suzuki,
• Mitsubishi Motors,

The McKinsey 7S framework of Hyundai would analyze the elements of the 7S framework in strategic management and change management; strategy, structure, system, staff, style, skill, and shared values. Here’s the Hyundai McKinsey 7S framework as McKinsey 7S model with Example Company as follows;

McKinsey 7S Framework of Hyundai 

Let’s discuss the McKinsey 7S framework of Hyundai Motor as 7S framework in strategic management and change management or McKinsey 7S model with Example Company; they’re as follows;

Strategy of Hyundai

Some of the main elements of Hyundai’s organizational strategic approach is one of the key elements of the 7S framework in strategic and change management in the McKinsey 7S model with example as follows;

I-Global Leadership

Hyundai Motor is developing hydrogen fuel cells under the brand name “HTWO” as a part of its strategic approach; the company plans to achieve a global leadership position with it. The company is working on a next-generation fuel cell system with better durability and performance.

II-Commercialization of Autonomous Vehicles

In order to increase the commercialization of autonomous vehicle technology, Hyundai Motor has taken two steps as a part of its strategic approach, and they’re as follows

• Embedding LV 3 technology in its automobiles since 2022
• Implementing OTC (over the air) function in its vehicles

III-Innovation

Customer experience is the only thing that matters at the end of the day. In order to provide an innovative automobile driving experience, Hyundai Motor has taken the following steps as a part of its strategic approach;

• Developing and embedding hydrogen fuel cell power train
• Air vehicles for cargo areas and passengers
• Achieving market leadership position in ecosystem and UAM technologies

Structure of Hyundai

Some of the main elements of Hyundai’s organizational structure are some of the key elements of the 7S framework in strategic and change management in the McKinsey 7S model with examples as follows;

I-Corporate Structure

Hyundai Motor Company follows the corporate structure for governance and management of its worldwide operations. The corporate structure comprises of following elements;

• 9 board of directors both internal and external
• Committee to suggest external director candidate
• Ethics committee
• Audit Committee

The top executive positions comprise of following;

• Chairman and Co-CEO
• President and Co-CEO
• Vice President
• Co-Chief Executive Officer

System of Hyundai

Some of the main elements of Hyundai’s system are some of the key elements of the 7S framework in strategic and change management in the McKinsey 7S model with examples as follows;

I-Multiple Tech Automotive Systems

Hyundai Motor Company is implementing multiple systems for the production and manufacturing of innovative technology in the automotive industry. Some of them are as follows;

• Smartsense technology system that watches out for drivers to avoid accidents
• All-wheel drive system
• Mobis E-corner system
• Production and manufacturing systems
• Next-generation safety measuring systems
• K-System auto safety
• Navigation and tracking system
• Heavy industry power system
• The electric vehicle charging system

Staff of Hyundai

The objective of the staffing and human resource department of Hyundai Motor Company is to effectively manage the benefit systems, and attractive wage policy, and track existing trends in the world. It focuses on developing effective and efficient HR systems and managerial leadership programs. However, the staffing and HR department comprises of sectors;

• Planning and Administration
• Recruitment and hiring
• Development
• Payroll

Skill of Hyundai

I-Training Programs

In order to improve the skills and expertise of existing employees and newly hired candidates, Hyundai Motor Company conducts various types of tech skill development programs. In fact, the company has set up training centers where the company regularly conducts training for employees and managers to update their skills and expertise. It would allow them to perform better in their daily routine operations.

Style of Hyundai

The style of Hyundai Motor Company is to promote diversity in its workplace culture. The company focuses on developing an open workplace culture where they can promote the latest technology. However, some of the main areas of the company’s workplace culture are as follows;

• Work-life balance for employees
• Building an active and autonomous workplace environment
• Promoting creativity and innovation
• Vertical trusting environment in the company
• Communication culture

Shared Values of Hyundai

The vision of Hyundai Motor Company is to build a better future for the human race and humanity, not just for the corporation. The company plans to add value to the lives of people in the recreation, finance, IT, Steel, contraction, components, and automobile industries. However, the automotive company and its associates are invested in the shared vision of changing the future for the better. The company values the “together for a better future” motto and it focuses on improving the environment and humanity.

Conclusion: Hyundai McKinsey 7S Framework in Strategic Management |McKinsey 7S Model with Example Company 

After an in-depth study of the McKinsey 7S framework of Hyundai Motor Company; we have realized that Hyundai is the world’s leading automotive company. If you are learning about Hyundai McKinsey 7S framework in strategic and change management; then you should keep in mind the abovementioned strategy, structure, system, style, staff, skill, and share values of the McKinsey 7S model with Example Company.