What does it take to be one of the biggest conglomerates in the world? Bloomberg Businessweek has published an exhaustive article on how Samsung transformed itself from a small company to one that contributes almost 17 percent of the GDP of South Korea and employs over 370,000 worldwide.
It’s a lengthy read but some of the important insights include:
– Lee Kun-hee who took the helm of Samsung in 1987 still maintains a tight grip on the company, right from the strategies to product design
– Samsung is like a militaristic organisation where employees carry out the order of the CEO
– 150,000 mobile phones were burnt outside Samsung’s factory due to poor quality
Leave a Reply