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The Samsung Way: Transformational Management Strategies from the World Leader in Innovation and Design by Kyungmook Lee, Jaeyong Song

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CHAPTER 1

WHY THE SAMSUNG WAY?

Samsung Takes Off to World-Class Status

The birth of a world-class corporation is a phenomenon that is typically observed only in advanced nations. In the late twentieth century, as developing nations began to experience economic growth, a multitude of big corporations emerged, but they were not qualified to be considered world-class corporations. Samsung, however, was the exception, as acknowledged by management scholars and media all over the world. Samsung’s success is further illustrated by the fact that in 2014, the company was ranked 21st on Fortune’s “World’s Most Admired Companies” list. Today, every move that Samsung makes is closely scrutinized by the global media, and prominent academic journals—including ...

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