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The Samsung Way

PM WORLD BOOK REVIEW

pmwj26-sep2014-Glasscock-IMAGE1 BOOKBook Title:  The Samsung Way
Authors:  Jaeyong Song, Kyungmook Lee
Publisher:  McGraw-Hill Professional
Format:          Hard copy, 256 pages
List Price:   $21.78
Publication Date:   August 14th 2014
ISBN: 9780814408759
Reviewer:      Jerry D Glasscock
Review Date:              8/10/2014
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Introduction to the Book

“An age is coming where the No. 1 can fall to the bottom and the bottom becomes No. 1”, Chairman Lee, 1993.   The marketplace has produced many companies and many of them fail to adapt to the necessity of change.  Few of them become regionally successful and fewer still become industry leaders.  Only the elite become global industry leaders.  Samsung is one such company.  “The Samsung Way” describes the evolution of Samsung through inception, becoming a leading local company, a fast follower, and the transformation into a global industry leader.

The evolution was made possible by total commitment by Chairman Lee which required Samsung to adopt business practices outside the Korean experience and the leadership to see each transformation complete.  Samsung put aside practices which had been successful in the past to adopt practices which would allow them to be successful in the digital age.  These directives required a singular vision, and the Owner / Manager with the strength to see it through.  Samsung transformed itself into a singular example of efficiency and effectiveness as a result.

Overview of Book’s Structure

The Samsung Way addresses the different aspects that led to the success of Chairman Lee’s “New Management” strategy.  As each area is addressed, the historical progress from old to new is reviewed.  There is some commonality of strategy for each area and there is some repetition of material in each section, but not laboriously so.  Each section deals with specific challenges and the application new management principles which brought changes well established and entrenched practices.

Highlights: What’s New in this Book

There have been some excellent examples of companies who have applied the principles of quality over quantity such as Toyota and Ford.  Their focus on quality was skewed towards manufacturing principles whereas Samsung applied the quality principle to every aspect of its business including hiring, supply chain, vertical integration and a host of other areas.  Samsung challenged the very things that had brought them success in order to transform the company.

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About the Reviewer

pmwj26-sep2014-Glasscock-IMAGE2 AUTHORJerry D Glasscock, PMPflag-usa

North Texas, USA

Jerry Glasscock has 30 years of management and project / program management, and consulting experience with Fortune 500 companies and start-ups; Department of Defense, as well as State and Federal governments.  He has seen the best and worst of management practices.  Jerry is an ardent supporter of the quality first philosophy espoused by W. Edwards Deming and H. James Harrington. Jerry can be contacted at [email protected].

Editor’s note:  This book review was the result of cooperation between the publisher, PM World and the Dallas Chapter of the Project Management Institute (PMI Dallas Chapter – www.pmidallas.org). Authors and publishers provide books to PM World; books are delivered to the PMI Dallas Chapter, where they are offered free to PMI members to review; book reviews are published in the PM World Journal and PM World Library.  PMI members can keep the books as well as receive PDUs for PMP recertification when their book reviews are published.  PMI Dallas Chapter members are generally mid-career professionals, the audience for most project management books.  If you are an author or publisher of a project management-related book, and would like the book reviewed through this program, please contact [email protected].