Samsung and Daewoo: Two Tales of One City
Subject
Economics
Publication Year
2003
Abstract
By fiscal year 2000, Samsung had pulled far ahead of other 'chaebols', Korean conglomerates. For example, the market value of Samsung affiliates listed on the Korea Stock Exchange exceeded the sum of market value of listed affiliates of second, third, and fourth largest groups: Hyundai, LG, and SK. Samsung's accomplishments during the late 1990s were particularly noteworthy when compared to its long-time rival Daewoo, whose businesses were forced into financial workout disposition of assets overseen by creditors in 1999. What made the destinies of the two groups totally different? The teaching purpose is to stimulate discussion on why good companies go bad and how great managers remake them.
Topic List
Asia, Business government relations, Competitive advantage, Conglomerates, Corporate strategy, Emerging markets, Korea, Leadership, Management of change, Management of crises, Organizational behavior
Project Funder
European Research Council (ERC)
Available on ECCH
No
