Father of Samsung, Lee Byung-chul

Author: [Korean] Lee Chang-woo (Former Consultant of Samsung Group)
Publisher:
Publish Date: 2005-11-01
Features: Using the right strategy, selecting the right people, and the first time publicly disclosing Samsung's core strategy of choosing Lee Byung-chul as its successor and building a century-old enterprise. "All of this stems from the dream of the book's protagonist, Mr. Lee Byung-chul, 67 years ago, and his unique business acumen. The Samsung Group is South Korea's largest conglomerate, comprising 26 subsidiaries and several other legal entities. It has established nearly 300 legal entities and offices in nearly 70 countries and regions, with a total workforce of 196,000. In 2003, Samsung Group's revenue was approximately $96.5 billion, equivalent to 10% of China's annual GDP. Samsung ranks first globally in terms of market victory rates in nearly 20 product categories, demonstrating its strong strength in the international market. Taking Samsung Electronics as an example, the company has won numerous awards in the annual Industrial Design Awards of the Industrial Design Society of America for several consecutive years, becoming the most awarded company. These prove that Samsung's design capabilities have reached world-class levels. In 2003, Samsung obtained 1,313 patents in the United States, ranking 9th among all companies worldwide. Dedicate time and passion to what you believe is important! Lee Byung-chul, with his unique style, created the global giant Samsung. He always focused on the most important things, pursued the most thorough perfection, and constantly engaged in self-reflection to avoid repeating mistakes. He fought his entire life, and his efforts are the greatest driving force behind Samsung's resilience today. —Excerpt from "Author's Preface" Lee Byung-chul, the "Father of Samsung," a Korean entrepreneur deeply respected by global CEO Jack Welch, was the one who built Samsung and instilled it with the genes of longevity. Once a small fruit store, it became a multinational company with an annual output value of $100 billion. This book tells the story of the business wisdom of the father figure of Korean entrepreneurs, from starting from scratch to leading Samsung to become a world-class enterprise. Open this book, and you will learn the true essence of running a business!