Samsung's future hinges on new businesses, new products and new technologies. We should make our corporate culture more open, flexible and innovative.

In this quote, Lee Kun-hee emphasizes the importance of innovation and adaptability for the future of Samsung. He highlights that the company’s continued success depends on embracing new businesses, new products, and new technologies. This reflects a forward-thinking mindset, where growth and competitiveness are driven by staying at the forefront of technological advancements and expanding into fresh areas of business. Lee’s vision suggests that without constant innovation, even a dominant company like Samsung risks stagnation.

Lee also stresses the need for a transformation in corporate culture to support these goals. By advocating for a culture that is open, flexible, and innovative, he is calling for an environment where employees are encouraged to think creatively and adapt to changing market dynamics. This cultural shift is vital for fostering collaboration, risk-taking, and the continuous evolution of products and services, which are essential for maintaining leadership in the tech industry.

The origin of the quote comes from Lee Kun-hee’s role as the chairman of Samsung, a position he held for several decades. Under his leadership, Samsung underwent a significant transformation, becoming one of the leading global companies in electronics and technology. His focus on innovation and company culture played a pivotal role in shaping Samsung into the global powerhouse it is today.

Ultimately, Lee’s words reflect the belief that sustained growth in a competitive industry requires not just cutting-edge products but a company culture that thrives on openness, flexibility, and the constant pursuit of new opportunities. His vision underscores the importance of fostering an environment where creativity and adaptability are at the core of business operations, ensuring long-term success in an ever-changing market.