Monday, June 10, 2013

Samsung vows to deliver new values

From The Korea Times News/

By Kim Yoo-chul
Lee Kun-hee
Samsung Electronics Chairman
Samsung Electronics Chairman Lee Kun-hee has instructed his executives and employees to be more creative and produce more shared growth in order to solidify the firm’s position as a global leader.

“We have successfully transitioned our focus from quantity to quality over the past 20 years. We should now move beyond quality to deliver new levels of value and management standards in our products, services and businesses,” Lee said in a statement to The Korea Times, Friday.

Lee’s statement came as the electronics giant’s new management scheme known as the “Frankfurt Declaration” marked its 20th anniversary, Friday.

On June 7, 1993, the chairman presented the new management plan, focusing on improving quality and creating a new corporate culture to transform Samsung into a global player.

In a message sent to all Samsung employees across the globe, Lee said, “Samsung must create an environment of ingenuity, where autonomy and creativity abound, in an organization that is not afraid to fail and is ready to tackle new challenges. Let us be open-minded and bring together our creative abilities.”

Lee stressed that the company has made remarkable growth over the past decades but should not become conceited because there are new challenges ahead.

“Now, thanks to your dedication and passion, we stand tall as a leading global company,” Lee said.

He pointed out that Samsung rid itself of old perceptions, habits and dismissed any practices that ran against the times.

“We then started to gain competitive strength by shifting our focus to quality over quantity in all our thoughts and actions.”

“Barriers no longer exist between individuals, organizations or companies. We live in an era that encourages active competition and collaboration. As we move forward, we must resist complacency and thoughts of being good enough because these will prevent us from becoming better,” he said.

The chairman continued; “Samsung’s New Management must start anew to reach loftier goals and ideals.”

“In today's world, corporate social responsibility is more important than ever. As a result, society's expectations towards Samsung have also grown. Let us heighten our responsibilities to foster a brighter future by coexisting in harmony with the communities surrounding us. This is the new beginning for Samsung’s New Management.”

Samsung Electronics will hold its global strategy meeting for the second half of this year from June 24 to June 25 at its main technology compound in Suwon and Giheung, where its key memory chip-producing lines are located.

The company said that all Samsung executives both at home and abroad will attend the meeting. Samsung Vice Chairman Kwon Oh-hyun, who entirely handles the company’s component business, will lead the parts-related issue.

Co-CEO Yoon Boo-keun will lead a discussion regarding strategies for home appliances, while another co-CEO Shin Jong-kyun will discuss issues on how to tackle uncertainties in a bid to keep the growth momentum in Samsung’s handset business, it said.


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