SEOUL: In his 1997 book, Samsung chairman Lee Kun-hee wrote that a successful company needs a “heightened sense of crisis,” so that it always looks ahead even when it’s doing well, and needs to be able to respond to change.
It’s a credo that has driven Samsung Electronics to become the world’s biggest technology firm by revenue — it sells more televisions, smartphones and memory chips than anyone else — and makes the group a must-visit case study for a stream of Chinese firms seeking to tap the secrets of South Korean success.