The Samsung Way: Transformational Management Strategies from the World Leader in Innovation and Design

by Kyungmook Lee, Jaeyong Song

Overview

Learn how to manage, lead, and succeed . . . the Samsung way.

Based on ten years of research and interviews with 80 top executives, the award-winning The Samsung Way is the first definitive guide to the groundbreaking management principles that transformed a lagging electronics company into one of the most successful brands in the world.

Combining professional insights from Samsung insiders with practical applications for managers, executives, and CEOs, this powerhouse of a book shows you how to:

• Speed up decision making and execution, on a bigger scale.
• Create a convergence synergy among diversified businesses, while staying competitive in core businesses.
• Mix and match Western and Eastern management styles.

Also known as “The Three Paradoxes of Samsung Management,” these seemingly contradictory goals are the keys behind Chairman Lee Kun-Hee’s now-famous New Management Initiative—the business plan that drove Samsung to become the number-one leader in mobile phones, televisions, semiconductors, and other electronics. A revolutionary—and time-tested—approach to innovation, Samsung’s management principles will help you find the perfect balance of styles by combining the best of all worlds.

This ingenious step-by-step guide shows you how to implement Samsung’s proven techniques for grafting American business practices onto a Japanese system, thus keeping costs low and bringing about differentiation. You’ll learn how to achieve both economies of scale and speed in this era of a hypercompetitive world. Best of all, you’ll drive new ideas and innovations at every level of your company while building on your greatest strengths and successes.

That’s The Samsung Way.

Product Details

ISBN-13:	9780071835794
Publisher:	McGraw Hill LLC
Publication date:	08/14/2014
Edition description:	Net
Pages:	304
Sales rank:	473,654
Product dimensions:	5.90(w) x 9.00(h) x 1.20(d)

About the Author

Jaeyong Song is Amore Pacific Professor of Strategy and International Management at Seoul National University (SNU). He received his PhD at the Wharton School, University of Pennsylvania. Before joining SNU, he was professor of strategy at Columbia Business School.
Kyungmook Lee is Youngone Corporation Professor of Organizational Behavior and Human Resource Management at SNU Business School. He received his PhD at the Wharton School, University of Pennsylvania.

Table of Contents

Preface vii

Acknowledgments xi

Part 1 Twenty Years to the Top 1

Chapter 1 Why the Samsung Way? 3

Chapter 2 How Did Samsung Become a World-Class Corporation? 23

Part 2 Evolution of the Samsung Way 57

Chapter 3 Leadership and Governance The Core of the Samsung Way 61

Chapter 4 The Evolution of Samsung's Management System 77

Part 3 How Did Samsung Succeed? 127

Chapter 5 Samsung's First Success Factor Competency in Creation of Speed 131

Chapter 6 Samsung's Second Success Factor Synergy Through Convergence 151

Chapter 7 Samsung's Third Success Factor Evolutionary Innovation 173

Part 4 Samsung-Style Paradox Management and the Future of the Samsung Way 201

Chapter 8 Internal Co-opetition and Paradox Management 203

Chapter 9 The Future of the Samsung Way 223

Notes 257

Index 267