Samsung Electronics chairman Lee Kun-hee “likes to begin each year by reminding his employees of the need to reinvent the company,”
a
Financial Times
article said.
“This year’s proclamation carries unusual weight.”
The group is experiencing its first annual decline in quarterly operating profit in two years, owing to decreased sales of its smartphones, the article said. The company is now moving into software and services, according to the report.
Sceptics of the software push argue that the South Korean group’s rigidly hierarchical business structure cannot foster the necessary creative environment. But Samsung is no stranger to reinvention — its entire consumer electronics business was seen as a secondary concern until the late 1990s.
(Source:
Financial Times,
Jan. 28, 2014.)
-
604 reads