I don't mean to say anything against (or in any way demean) the achievements of the Korean People especially after the Korean War;but the fact of the matter is people everywhere are hard-working and industrious(provided you get out of their way by providing less bueracracy and less red-tape).
We can get this very level of innovation in America as well-If we just let Entreprenuers be;instead of overloading businesses with all manner of unneccesary Rules and Regulations.
tech4people, you make a good point. Having a major stake in the company does drive the founders to move forward for success. The Korean people also plays an important role, with their determination and spirit.
The No.1 reason is because the Founding families have such a strong amount of hold and influence on these companies.
Also because the Founders have a stake in the company's well-being they focus on the Long-term (and especially sustainable business models) and on diversifying their income streams as much as possible.
@anandvy,. well i think that sound like a challenge to China. I feel China just intentionally what to circulate low quality products at a cheaper price to create competition for other manufacturers with a more expensive prices.With so much of china,s products around and their experiences- i feel they should be able to make a more quality products if they choose to.
I am continually amazed at how a very small country like South Korea maintains such a world presence in many product sectors. The products are of decent to high quality and innovations are coming fast and furious. The workforce is young, highly motivated and dedicated to its employers. The large companies produce a mind boggling range of products. I wonder what the secret recipe is for South Korea?
Chinese manufacturere may occupy the current place of Korean manufacturers.
@_hm I dont think its appropriate to compare Chinese manufacturers with Korean manufacturers. Korean brands like Samsung are considered very good brands because they offer high quality products to the consumers. Whereas chinese captures more of low end/low quality products. I really dont think china can occupty Koreas place in manufacturing.
@t.alex I agree with you. Samsung products like mobile, Television are very popular in India. Earlier Nokia handsets were very popular in India. But after Samsung released its Galaxy series which was android compatible, it literally snatched mobile market from Nokia.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.