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Published by:
IMD (2018)
Version:
10.09.2018
Revision date:
16-Apr-2019
Length:
18 pages
Data source:
Published sources

Abstract

Samsung is a Korean conglomerate (or chaebol) founded in 1938. Once a sole trading company, it has grown into a myriad of companies generating over USD380 billion globally in industries as varied as construction, semiconductors, shipbuilding, banking and entertainment. Like most Korean conglomerates, an unusual feature of Samsung is that it has no overarching holding company; it is a constellation of companies sharing a common name and tightly interwoven cross-ownership ties. This ownership structure allows the third-generation descendant of the family business, Jae-Yong Lee, to control the conglomerate with shares in only a few affiliates. The case focuses on three pivotal moments of the Lee family's leadership of the Samsung Group: the leadership transmission from the founder Byung-Chul to the second generation; the hospitalization of the visionary leader Kun-Hee and the succession to the third generation; and Jae-Yong's arrest and later conviction, causing a leadership vacuum within the group.

Topics

Strategy; Family business; Disruption; Ethics; Leadership; Conglomerate

Setting

The events covered by this item took place in 2017.

Geographical setting

Region:
Asia
Country:
South Korea

Featured company

Company name:
Samsung Electronics
Turnover:
USD 380 billion
Industry:
Electronics industry

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