Emerging Benchmark Companies in Asia: Samsung, Made in Korea

Author: Chen Yufeng
Publisher:
Publish Date: 2005-06-01
Features: The Hallyu of the corporate world, This is a comprehensive work that interprets the journey of the Korean Samsung Group from excellence to excellence! The best read for Chinese enterprises to learn from Samsung! Looking back at the development of Samsung, the company also went through a phase dominated by imitation and learning. It was precisely this phase of learning and imitation that led to Samsung's eventual surpassing in many areas and becoming an object of imitation and learning for others. Today, Chinese enterprises have resolved to learn from Korean Samsung. The most valuable experience that Chinese enterprises have learned from Korean enterprises is: , adhering to internationalization. The domestic market of South Korea is relatively small, and Korean enterprises mainly rely on the development of international markets. Throughout this process, they also faced strong pressure from Japanese enterprises. Under these circumstances, they were able to grow rapidly, which is inseparable from the spirit of Korean enterprises daring to fight in the international market. Second, focusing on the establishment and accumulation of core competitiveness. This includes core technical capabilities, product manufacturing capabilities, market and brand accumulation, and they persistently pursue these. For example, Samsung has reached international standards in core technology fields such as semiconductors and has achieved global leadership in 11 products. Like LG and Philips, the LCD displays they established are also global leaders. Each of these companies has achieved a leading position in a certain industry field globally. This is also the result of years of accumulation. Lee Dong-sung was interviewed by the Global Entrepreneur magazine in 2005.