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 […]
A Bridge Between Generations: Prada’s Smart Succession Strategy
Prada was founded by Mario Prada in 1913 and has transformed from a small leather goods shop in Milan into a multibillion-dollar global empire under the leadership of Miuccia Prada and Patrizio Bertelli. However, as the founders approach their late 70s, the question of succession has become a top priority for the company’s future. Miuccia […]
What Space Exploration Teaches Us About Business Innovation
Artemis II mission commander Reid Wiseman captured many moments while orbiting the Moon. He shared the photos and videos he recorded. One of them was an “earthset”—a moment when the Earth sets, similar to the sunsets humans are accustomed to seeing. The video was taken using an iPhone 17 Pro Max. This marks the first […]
Massive Reskilling: Strategic Investment or Panic Response?
In recent years, the term “massive reskilling” has become increasingly common in boardrooms, human resources (HR) presentations, and policy discussions. Many companies across industries are racing to allocate budgets for upskilling programs—ranging from digital tools and data literacy to artificial intelligence (AI) and new ways of working. At first glance, this move appears necessary and […]
Samsung’s Transformation: Strategic Management Behind an Identity Shift, Not Just Production
The story of Samsung’s rise, from an ordinary trading company to a world-renowned electronics giant, is arguably one of the most compelling narratives in modern business history. This journey was shaped by sharp vision, crises turned into lessons, disciplined execution, and an unwavering drive to innovate. Far beyond simply scaling up production, Samsung’s transformation was […]
Beyond Succession: What LeBron James Shows About Shared Leadership in a Family Business
The moment LeBron James passed the ball to his son, Bronny James, resulting in a three-pointer in an NBA game, may seem simple at first glance. Just one assist. Just three points. Yet when looked at more closely, the moment carries a deeper meaning, especially when viewed through the lens of a family business. In […]
Company Culture and Why Great Talent Can Fail
Organizations that hire Paul Monaghan are fortunate because he is not only competent but also adapts to various company culture. However, not all organizations are so fortunate. Many companies believe that recruiting the best talent is the key to success. However, without a good fit with the company culture, even the greatest talent can fail […]
Ebony Watch Business Strategy: Resilience and Differentiation
Amidst the flood of imported fashion products and the dominance of global brands, the story of Eboni Watch presents a different narrative. This isn’t just a story of an MSME “moving up the ladder,” but rather an example of how the right business strategy, from operational decisions and product differentiation to digital adoption, can build […]