Another aspect of change concerned the structural organization of the company. Chung Ju-Yung's successor, Se Yung Chung, redesigned Hyundai's structure from a functional organization to a divisional organization, in an effort to decentralize power, increase motivation, reduce costs, and diversify the market. These changes forced Hyundai to effectively downsize due to macro-environmental factors. One such factor was the South Korean economic crisis of the 1990s, in which the company's sales were negatively affected because the company's six factories were operating at only 40% of their capacity (Center for Management Research, 2014). The acceptance of external business factors influencing its existence was tarnished in the 1990s and 2000s when the company experienced labor unrest. This further strengthened the company's ability to continue employing huge numbers of workers as it struggled to reduce costs in the face of declining sales. As a result, many workers were laid off, and those retained faced worsening pay and benefits. Organizational changes in Hyundai The organizational changes instituted by Hyundai can be summarized by the company's human resource development agenda which is to develop and cultivate creative talent a collaborative culture in order to improve business performance and create value (Hyundai , 2014). This essentially means that the company is focusing on facilitating growth based on common goals and values ​​by positively motivating its workforce. Therefore the company has taken steps to make organizational changes in the following capacities; leadership, workforce and society. Regarding workforce management, the organization has established four...... half of the document ......d---Demographic-shifts-transform-the-global-workforceGlac, K. (2010 ). The influence of shareholders on corporate social responsibility. The Center for Ethical Business Cultures. Accessed June 15, 2014, from http://www.cebcglobal.org/uploaded_files/Glac_paper_on_Social_Investment_FINAL.pdfHyundai Motor Group. (2014). About Hyundai Motor Company. Hyundai Motor Group. Retrieved June 15, 2014, from http://www.hmmausa.com/our-company/about-hmma/hmc-fact-sheet/Rahmati, V., Darouian, S., & Ahmadina, H. (2012). A review of the effects of culture, structure, technology, and behavior on organizations. Australian Journal of Basic and Applied Sciences, Vol. 6 (3). Accessed June 15, 2014 by http://s3.amazonaws.com/academia.edu.documents/18254857/SSRN-id1968066-libre.pdf?AWSAccessKeyId=AKIAJ56TQJRTWSMTNPEA&Expires=1402831683&Signature=hB6U3tX3DkHQHh%2F21lR7 %2FO4u6d4%3D