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Segment

In: English and Literature

Submitted By libam
Words 447
Pages 2
ANAGEMENT BY PRINCIPLES
The starting point for LG Electronics' business pursuits lies in the company's commitment to society and to developing new ideas. LG Electronics' "Management by Principles" embodies our high ethical standards of doing business in a transparent and honest manner.
As LG continues to develop as a global leader, its strength will continue to be derived through this pursuit of a greater good, while upholding the fundamentals of cooperation, mutual trust, and respect for the free market economy.

THE LG WAY
"Management by Principle" ("Jeong-do" Management) is the ethical code LG abides by in all its affairs-aiming to succeed through fair management practices, and constantly striving to better our business skills.
SUSTAINABILITY MANAGEMENT SYSTEM
"Creating value for customers" and "respect-based management" have long been the principles behind LG Electronics' management activities-aiming, in sum, to promote the basics of sustainable corporate management. Moving forward, these two philosophies will continue to provide a framework for our corporate style.
LG Electronics has established four basic methods to achieve corporate sustainable management.
Firstly, LG Electronics continually assesses new ways to develop its organization and systems-and to strengthen its internal competencies-so that the three focal points of sustainable management: economic profitability, eco- friendliness, and social responsibility, can be assured.
Secondly, LG Electronics systematically manages risks by identifying and closely monitoring both financial and non-financial concerns, such as the environmental and social issues of domestic and international businesses.
Thirdly, LG Electronics monitors communication channels with heightened analysis relating to the parties concerned, reflecting their opinions and requests more effectively.
Finally, LG Electronics…...

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