The mark of a master in any trade is that he treats himself and learns like a beginner. Samsung wants to apply the same to itself. As a part of its reorganizational efforts, the Galaxy phone maker will mould itself so that it resembles more like a start-up company than a multinational super power organization.
The world leader in smartphone and television sets wants to improve its corporate structure and infuse the enthusiasm of a start-up company that is on the verge of a great breakthrough. This effort for innovation is to counter the sluggish sales and freefalling profits.
The Korean tech giant has announced at the “Samsung start-up ceremony” in Korea that its members will now be free of hierarchical practices, unnecessary meetings and excessive working hours in this new Samsung.
“By starting to reform the corporate culture, it means we will execute quickly, seek open communication culture and continue to innovate as a start-up company, “Samsung said in a statement.
As a part of this, Samsung will do away with its autocratic ways and will provide flexibility to its employees. They have introduced a practice where every executive has to sign a statement that forbids them to revert to the old authoritarian ways.
This transition from Samsung is a part of the power struggle between Lee Jae-yong and his ailing father who is the current head of Samsung. Mr. Lee, who is believed to take up the mantle soon, is eyeing new ways to improve Samsung and bring in more profits. He is also believed to be cooking up new business strategies that will facilitate them to counter their rivals in the mobile and semi-conductor division.
It isn’t clear if Samsung will let go of a few employees as a part of its restructuring but the ones who are a part of the organization will soon get paid trips to exotic locations so as to spend quality time with their families.
Samsung is slowly transforming itself from a dictator to a caring father who is also an example of how a perfect organization should be.
