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Innovation

The First Partner - LG Innotek dreams a creative company where its members enjoy changes and challenge to the new.

Embracing the philosophy of “Customers are the best value,” LG Innotek has been trying to come up with innovative activities not only in its products and services, but also in other business areas, including research and development, roduction, marketing, and administration. LG Innotek is also stepping up to a new ‘Innovation Mecca’ by the continuous innovative activities such as

The First Partner, LG Innotek KPI-based Objective Management System + TDR Activities + 6σ

KPI-based Objective Management System

LG Innotek operates the powerful KPI based objective management system, with which all the staff can be immersed into the one objective aligned to the company strategy.
The system is the model that the BSC (Balanced Scorecard) is modified for manufacturing companies to manage short-term and long-term, finance and non-finance, output and process, and capacity in balanced manner. Having adopted this system, the whole company’s strategy and business plan is matched with the goals of each department. Also, this system allows staff to autonomously control the related index so that the organization’s capacity expansion and the required internal profitability can be simultaneously satisfied. Thus, LG Innotek is consolidating the position as a global company.

KPI-based Objective Management System

[Basic Philosophy of KPI based objective management system]
  • Make all types of work measurable
  • Divide workplaces into blocks, and expose the problems
  • Evaluate the weekly performance on a voluntarily basis
  • Determine the causes and locations of problems clearly
  • Resolve the induced problems scientifically and reasonably
  • Achieve the management goals in the short-term
  • In the medium-term, reinforce the core competence by improving the skills of individual and organization through problem-solving activities
  • Realize the First Company satisfying the customers as well as meeting the required internal profitability

TDR Activities

TDR activities mean that One Team consisted of the experts in various areas complete the project “perfectly without any issue.”
The difference from the general project activities is to seek the resolution by tearing the existing all the process and designing completely newly, in order to remedy the fundamental causes of issues following to the original meaning of “Tear down & Redesign”. The activities are pursuing the perfect resolution with an invisible rule that nobody can leave the TDR room until the issues are sorted out.
The process of TDR activities is Project selection → Team Formation → Team Building Melt-in → Execution → Follow-up → Evaluation & Reward, which are implemented based on the 6σ philosophy and skill. The skill is also supported by 6σ specialists who have Master Black Belt or Black Belt and the team is rewarded according to the performance rating when the project is finished. To the team selected at the Best Practice Event, the prize of overseas tour will be given to the members’ couples.

* For the maximization of performance and reinforcement of implementation, the supporting system of TDR Project is designed with 3 axis such Champion Review, Skill Support, and Motivation.

[TDR Activities support System]

TDR Activities

The 6σ activities are the company-wide innovative management activities, defined as 4 meanings such as ‘statistic meaning of 3.4 unit defect out of 1 million units’, ‘tool for resolving issues’, ‘company-wide innovative management strategy’, ‘business philosophy’.
LG Innotek adopted 6σ from 1999 and is now using as the powerful tool for the management innovation for the improvement of profitability passing over the quality improvement movement in the past. By practicing 6σ activities, LG Innotek is pursuing the company vision of “The First Partner” and will realize the 6σ company through internalizing the 6σ campaign continuously.
The 6σ activities are to reinforce all the staff’s capability for the people, to pursue the creation of customer value continuously via the development of optimal process, and to achieve the extreme cost innovation and the best quality product.

For The First Partner, the innovative slogan with all staff’s willingness : “Stretch goal, Fast execution, High performance”

LG Innotek declares “No.1 component! Stretch goal, Fast execution, High performance” as the innovative slogan and share the meanings with all the staff. LG Innotek is conducting the strong innovative activities to accomplish its vision. “Number One Component” implies that LG Innoteck will certainly achieve The First Partner through No.1 Product, No.1 Quality, and No.1 People.

  • “Stretch goal” means setting lofty goals and ambitions while exercising sheer determination to achieve them through passion and hard work. This further entails that we should determine the areas of innovation, define novel aspirations, and offer greater value to our customers. By clarifying our goals and objectives, we can rise to the challenge of achieving our lofty goals through a winning spirit and a positive, “never say die” attitude.
  • “Fast execution”- means we should aspire for the top spot, armed with our competitive edge. We should have the courage and tenacity to accept the challenges ahead of us, to adhere to the basics, to rely on common wisdom and to create fresh ideas, establishing best practices in the process.
  • “High Performance”- means we should maximize our performance by clearly focusing on the lofty goals we set for ourselves and by taking full advantage of our best practices, until these goals are achieved and outstanding performance becomes the end result. This is further defined to mean that, in embracing our purpose-driven philosophies, we should follow through with our quick implementation in order for our innovation activities to bear fruit, evolving into our core capabilities and fortifying our corporate culture.
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