How Samsung Thinks Globally While Adapting Locally
State-of-the-art cell phones, ultra-thin televisions, and a semiconductor giant. That’s what comes to mind for almost everyone when they hear the name Samsung. But behind all the glitz of that global brand lies another side that, although rarely highlighted, has had a significant impact: Samsung’s family ownership. Founded in 1938 by Lee Byung-chul and continued […]
When Personal Trivialities Influence Major Family Business Decisions
In a family business, the direction of the business is not determined solely by strategies on paper. Behind all the formal structures, financial projections, and governance systems, there are other forces at work that operate more quietly. These forces stem from personal relationships, emotional tensions, and even trivial matters that can—often unknowingly—have a significant impact […]