Samsungs Ceo, Lee Kun Hees Leadership free essay sample

Introduction To be a successful leader of cooperation or organization, it is required various managerial abilities to set a new direction or vision for a group that they follow. The leaders are always at the edge of cooperation’s success or failure. Every single decision is powerful to move thousands of staff to follow his intentions; it decides whole organization’s rise and fall. They are like fathers of family, especially company in Eastern cultural countries, Samsung is the company where CEO board has incredible decision power which not only into managerial way.Some people predict it might be causing risks like conversational problems that which happened in old managing systems company, however beside of those conservative perceptions, Samsung has recorded amazing growth most of businesses that they got into. It is interesting point that there must be something special managing skills by director boards of Samsung, Lee Kun Hee (Samsung group CEO) has known for its le ader who has specialized leadership. We will write a custom essay sample on Samsungs Ceo, Lee Kun Hees Leadership or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 1. 1 Leadership The definition of leadership is influence.This is the definition that John Maxwell gives. He also states that everything rises and falls on leadership. So, if these statements are true, then the job of a leader is to get things done through influencing others. Here other means all of staffs under leader of organization. So leader must always remind that having a responsibility is essential matter for them. For sure, other than having a responsibility, beside of ethical mind, good leader needs controlling skills, and managing abilities to lead and manage well the company. . 2 Who is lee kun hee..? Lee kun hee is born at January 9, 1942 of third son of Samsung Group founder Lee Byung-chul at Seoul, South Korea. He has a degree in economics from Waseda University and studied an MBA course at George Washington University in the United States. From his living experiences at USA and Japan other than native language Korean, he also speaks English, and Japanese. In 1987, he took office as CEO of Samsung group but He resigned on 2008 owing to Samsung Slush funds scandal, but returned on, 2010.As the guiding light of Samsung, Lee kun hee is the key person who has contributed enormously to the economic rise of South Korea. Samsung is the strongest economic symbol of todays Korea, as is demonstrated by its ranking number 20 in the Business Week survey of the 100 top brands worldwide. In an interview, Lee expressed pride in the fact that Samsung attracts the brightest minds in South Korea, but added that his new goal is to attract talent from all over the world to ensure that Samsung will remain one of the top companies in the world. 2. Leadership styleThe leader’s role is to lead the company to the right way. Lee kun hee said when he sit on the chairman seat of Samsung,†I am afraid that I might be feeling isolated, alone, and disconnected at times once I became CEO OF Samsung. But I know that is part of the process though. † After his proud-less mention, he asked favor to the attended executives for his inauguration that for being voluntary to share everything with himself, ideas, orders, and visions. He highlighted that importance of conversations between managers and employees which is not used to exist among past Korean enterprises.This is beginning of his intentions to improve industrial structure through his innovative leadership style. 3. 1. Observation As explained how important Leadership above, it is regarded as vital factor that determines the company’s growth. Describing into Samsung’s case, until early 1990s, Samsung group wasn’t enough to be leader of any business markets that they entered. Samsung group got into 8 types of business include electronics, but Since Lee kun hee seats for CEO of Samsung, he has started to manage and rebuild all of the business types where already running on.His leadership style has shown to the public while reconstructing processes, it was very straight forward and unelaborated. His charismatic and aggressive leadership has performed this rebuilding process, but media aggravated about Samsung executives’ decisions, even some economic acknowledged experts’ doubts about his leadership; his experiences and abilities are enough to lead big company like Samsung yet. He is just son of Samsung’s former. After 2 decades post, Samsung, which started out as a small business manufacturing television, refrigerators and microchips began expanding their scope under Lee Kun hee s leaders hip.In a Time interview, Lee said that their goal must be to plan a business that creates the future, rather than responding to it Samsung is currently one of the largest multi-billion dollar corporations in the world leading several major global industries. It is South Korea’s largest company and exporter and the 5th largest transnational corporation, worldwide. 2. 2 Entrepreneurship The entrepreneur is charged with the difficult task of turning a business idea into reality, either through starting a new business or injecting new life into an existing one.Entrepreneurship demands innovation, as well as the marriage of profitability and growth. (Thinkmanagers, Entrepreneurship 2006) Lee Kun hee, all his life has dedicated for Samsung’s success in business, he has picked most important factor for growth is innovative managing spirit in organization. He has always been the first mover imbued with a sense of crisis, and lead Samsung to develop its products with an outlook for living on five to ten years later. This is why he ventured into non-memory products, taking the risk of trillions of Won deficit, eventually to make Samsung Electronics the world`s leading producer of semiconductors. Also, during the Asian currency crisis, he achieved success at media convergence by diversifying business rather than focusing on a few selected items; consequently, Samsung was ranked as the top global brand in electronics. At the background of Samsung’s success, there is â€Å"Quality first† managerial statistic. Maximizing customer’s satisfaction through quality of goods, and it makes Samsung’s competitive advantage in the market. It is comparable with before his generation, his father former Samsung’s Chairman (Lee Byung-chul) has emphasized Quantity, Supplies more than Qualities of goods.So for Changes Company’s conviction, he started to change employee’s environment first of all. He believed that new environments and atmosphere will implement their spirits for â€Å"Quality first† and motivate employees to be more innovative. It was quick. He ordered to executive boards to increase all of employees’ salaries, improve working environments to every department, reduced working hours and also he promised that he will be keep watching on employee’s conditions and environments continuously. Hence, Samsung Electronics Co. s the most respected company in Korea and its chairman, Lee Kun hee, most respected entrepreneur, according to a management consulting group`s survey. (The Korea herald) 2. 3 Democratic and autocratic Authoritarian means that leader who has all power to make a decision and followers just can take orders from leader. This method was been used traditionally in many countries and still being used in Conservative Asia countries like as Korea or Japan, etc. Traditionally Samsung was used to be a symbol of autocratic type company. Under Lee Kun hee’s orders whole of their business plans and strategies has been set.Employees can’t even imagine seeing president. Planning department takes charge of idea creation and rest of employees concentrate on general business. Sometimes they have to arrive to office at 6AM and leave at 10PM. When Samsung firstly entered to global markets, they were conscious of lack of technologies that they have and brand perceptions are far behind from competitors. The gap between Samsung Co, and other competitors are predicted to hard to catch up. Competitors like Sony, Panasonic, Nokia, and Philips; they had sheer scales compare with its scales which grown by only at domestic market. Lee kun hee as CEO of Samsung electronics has evaluated that employee’s abilities wasn’t good enough to lead Samsung to world class level. He tried to weeds out disqualified employees and made thorough change in the administration. And he has been tried to hire innovative persons and once they made significant results, he kindly treated well. Moreover than that, he established Samsung design institutions (SADI) and through running it under company’s support, he put efforts to find employees who are innovative and creative.SADI associated Samsung’s IDS (Innovative Design Samsung) department, and excellent students can get benefits to join IDS departments directly. His purpose to establishing SADI is to produce next generation leaders with global abilities, ultimately enhance Samsung’s competitiveness in the world market. Also Samsung has built International Recruit Offices (IRO) to recruit professional worker in all over the world. Regardless of nationalities and regions, they tried to retain skilled and different valuable workers that bring lots of opportunity to enhance Samsung’s competitive power in global market.Discovered employees from all over the world, creates chances to learn what is Samsung’s organization’s identity and intentions to be global organizations. Lee kun hee has performed participative leaderships as well, he didn’t allow himself to be values much on business process and never care followers, they never will enjoy their work. He created chance that let followers to learn more and accord followers’ vision with organization’s vision by nurturing talented employees and attracting all the talent of the world. 3. Contribution to the nation and the world.For a company, local communities are markets of consumers and field of skilled workforces. They are important parts of corporate management and growth. Samsung has launched in 1995 Community Relations Department to systematically support the company’s corporate citizenship activities through 8 regional volunteer teams (North America, Latin America, Europe, Southeast Asia, Southwest Asia, China, CIS, Middle East ; Africa) and 8 domestic volunteer service centers to encourage employees and also promote a donation culture within the organization. Samsung 2011) By establishing special department to strengthening communications with consumers and local communities all of the world, they could implement ethical image to the social communities, and they are keep holding public projects with nonprofit organizations such as NGO and UNESCO and UNICEF. Samsung has been continuing support of community projects to be more detailed and widely, they support for improving the educational conditions in underdeveloped countries through partnerships with The Korean National Commissio n by Samsung Education Fund.