October 05, 2011
The Economist on Samsung: "Asia’s new model company".
A new GE or P&G? Maybe so. But we must add a dash of serious if wonderful in-your-face quirk. See "Samsung and its Attractions" in The Economist. Excerpt:
To some, Samsung is the harbinger of a new Asian model of capitalism. It ignores the Western conventional wisdom. It sprawls into dozens of unrelated industries, from microchips to insurance. It is family-controlled and hierarchical, prizes market share over profits and has an opaque and confusing ownership structure.
Yet it is still prodigiously creative, at least in terms of making incremental improvements to other people’s ideas: only IBM earns more patents in America. Having outstripped the Japanese firms it once mimicked, such as Sony, it is rapidly becoming emerging Asia’s version of General Electric, the American conglomerate so beloved of management gurus.
Posted by JD Hull at October 5, 2011 11:59 PM