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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 3

LEADERSHIP AND GOVERNANCE

The Core of the Samsung Way

Chairman Lee’s Visionary Leadership

One of the major factors leading to Samsung’s success has been the strong leadership shown by its owner-manager, who set out the company’s vision and values and nurtured management systems that were unique to Samsung. In fact, Western media like Bloomberg Businessweek, Fortune, and Time have all pointed to the critical role that Chairman Lee Kun-Hee played in making Samsung a world-class corporation. Chairman Lee brought Samsung global acclaim by developing a vision of the company based on talent and technology. He did this by relentlessly pressing Samsung to be the world’s best, maintaining a constant sense of crisis, preemptively seizing business ...

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