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POSCO and Quick Six Sigma

Mead, Jenny ; Sisodia, Rajendra ; Freeman, R. Edward ; Krehmeyer, Dean

Business Ethics and Corporate Social Responsibility

Reference: DARDEN-E-0396-E
Number of pages: 9
Publication Date: May 7, 2014
Source: Darden University of Virginia (USA)
Type of Document: Case
Industry Setting: Industrial

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Description

POSCO was a South Korean company that manufactured and sold products such as hot-rolled and cold-rolled steel, stainless steel plates, wire rods, and silicon steel sheets. Along with other steelmaking companies, it faced the dilemma of the excessive waste inherent in its industry. In 2005, POSCO had initiated QSS (Quick Six Sigma or Quick and Smart Solution), which was extremely successful and had continuously contributed to waste reduction. Having achieved laudable goals, including overall efficiency in its workplace environment, was there a way that POSCO and Chung could use the QSS program to help the community and society at large?

Keywords

Business ethics conscious capitalism Leadership South Korea stakeholder theory steel manufacturer