Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 29 March 2013 10:58

How Samsung bored its company into success

Written by Nick Farrell



Company rose from the dead after three day speech

Samsung chairman Lee Kun-hee managed to save his company from mediocrity by boring his staff to death in a three day ordeal in a German hotel.

Lee wanted to outdo his dad and yet when he visited a Southern California store he found Samsung's TV collecting dust in the corner while Sony and Panasonic was getting top billing. In June of 1993, while on his global tour, he landed in Germany at the Falkenstein Grand Kempinski Hotel in Frankfurt and called in Samsung's hundreds of executives for a big meeting.

For three days he bored them to death with his vision for the future of Samsung and what the company had to do to become successful. He took breaks in the evening for people to sleep. In Samsung the ordeal is known as a the "Frankfurt Declaration of 1993" and featured the famous quote "Change everything but your wife and children."

From that day on, Samsung started its ascent from second tier manufacturer to the biggest TV and smartphone maker in the world. Samsung thought that the speech was so important that he bought all the furniture and decorations in that German conference room, shipped it to Samsung's Korean headquarters and recreated the room. Photos in the room are "forbidden," and "people whisper when inside."

Our guess is that staff are so terrified that Lee will bore them to death for three days again, they really made a go at it.

More here

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments