News / 'It's not too late to save Hanjin' claim, as shipping and smartphone crises rain on Korea's parade

11/10/2016

All the talk at the World Ocean Forum (WOF) this week in South Korea is of its two major companies that are both struggling.

As the event starts in Busan, the country is striving to repair the damage from the collapse of its biggest shipping line (and the severe downturn in its shipbuilding business), while hi-tech manufacturer Samsung is also having a tough time.

Samsung yesterday announced it would be “adjusting” the production schedule of its over-heating Galaxy Note 7 smartphone, after users of replacements reported ...

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Andy Lane
October 11, 2016 at 2:18 pm
If on your journey to the office each morning you have a high expectation that come-what-may someone somewhere will bail you out – it is also highly improbable that organisation has a true performance culture. Subsidies breed complacency, as well as unfair competition.

The staff on the front-line and in middle management can only ever be as good as the organisation’s business model and strategy. The buck must stop in the boardroom, and they need to be fully accountable for bad business debts.

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