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LG WAY
LG WAY is the call to becoming a premier company; hence the essence of its strategic vision is embodied in NO.1 LG. At its foundation is the management principles of Customer-Value Creation and People-Oriented Management, which are in turn implemented according to the high ethical standards of behavior delineated by Jeong-Do Management.
Vision
No.1 LG
The ultimate goal of LG is to be recognized as a market leader in business performance as well as
in management practices.
Behavioral Mode
Jeong-Do Management
Ethical management and code of conduct was created to enable development of LG’s capabilities
and fair competition.
Management Principles
Customer-value
creationPeople-oriented
management
The management principles are the fundamental organizational principles which have guided LG from its inception.
Vision
To Customers
A trustworthy brand that provides the best products and services
To Investors
A secure investment
that yields sustainably
high returns
To Employees
A exceptional workplace that attracts talented individuals
To Competitors
A leader that dominates, and a leader to learn from
Code of Conduct
Integrity
Work done with utmost transparency according to principles and standards
Fair transaction
Provide equal opportunities
and fair treatment
in every transaction
Fair-competition
Improve capabilities through with which one can beat rivals in fair competition
Management Principles
Customer-Value Creation
· Customer-Frist
· Substantive value delivery
· Innovation-driven creation
People-Oriented Management
· Self-Management and creativity
· Respect for human dignity
· Capability development
and actualization
· Performance-based rewards