Samsung Group, was founded in 1938 by Byung-Chull Lee, a celebrated Korean entrepreneur. Lee started a small trading company with a $2,000 nest egg and 40 employees. He called it Samsung, which means ‘three stars’ in Korean. The company enjoyed moderate growth before the Communist invasion in 1950 forced Lee to abandon his operations in Seoul. Lee established a sugar refinery in 1953, a move that was criticized at the time because sugar could be easily obtained through American aid.
But for Lee, the act was important because it was the first manufacturing facility built in South Korea after the Korean War. From sugar, wool, and other commodity businesses, Lee moved into heavier manufacturing. The company prospered under Lee’s philosophy of making Samsung the leader in each industry he entered. In addition to the electronics division, which is the most profitable and successful one in the world, the company also has forayed into finance, chemicals, retail, and straight-up entertainment – all with great degrees of success.
The company employs many of South Korea’s finest employees, including many with PHD level education. This is not surprising, seeing as the company’s assets total somewhere around $300 billion. The company has some of the most loyal employees around and many work every day – that means no holiday time off or weekends — both because they want to and it is expected. Samsung as A Learning Organization A learning organization have five component of knowledge management, there are : Culture and Trust; Knowledge Worker; Supporting Facilities;
Global Value Chain Analysis on Samsung Electronics February 2012 The Commercial Section of the Canadian Embassy in the Republic of Korea commissioned this report to the Korea Associates Business Consultancy Ltd. (www.kabcltd.com) Readers should take note that the Government of Canada does not guarantee the accuracy of any of the information contained in this report, nor does it necessarily ...