Samsung Plans To Give Up Authoritarian Ways, Act Like a Startup

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Samsung on Thursday announced that it plans to reform its internal culture to act like a startup. Se Young Lee reports for Reuters, "Samsung's executives will sign a pledge to move away from a top-down culture and towards a working environment that fosters open dialogue. The flagship firm of South Korea's dominant conglomerate will also reduce the number of levels in its staff hierarchy and hold more frequent online discussions between business division heads and employees. [...] The pronouncement is the latest among sweeping changes attempted at a time of crisis by the conglomerate and carries echoes of a 1993 exhortation by Samsung Group patriarch Lee Kun-hee to executives to 'change everything but your wife and children.'"
 
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