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 […]
The Family Business Phenomenon: When Employees Are More Cherished Than Family Members
In family business, there is often a subtle phenomenon that has a profound impact: the owner tends to trust, care for, and cherish professional employees more than their own family members. This can be surprising, especially for the next generation who assume that blood ties will automatically give them a place of privilege. So, why […]