As
a successful entrepreneur, one of the characteristic which is foresight should
be owned by them. To expand and build up an empire of the business, it is very
important for an entrepreneur to identify and foresight the situation. He
should have a foresight and keen to analyze the situation around the business,
identify the market position and the driving force to ensure that he could gain
the competitive advantage compare to others. The characteristics could lead
them to establish and formulate a strategic plans to compete with others.
One
of the entrepreneur that poses this characteristic is Lee Byung-chull and Lee
Kunhee (son), an entrepreneur which build up his empire with Samsung Group.
Despite of other electronic devices, Samsung had varied their business to many
area such as insurances, motors and other else. The greatest success of Samsung
now is the Samsung’s electronic such as mobile devices, tablet and laptop. Lee
Kunhee had poses a great foresight to the mobile phone market as a great market
to explore. Samsung was a great player in this area before, however, he had
foreseen that this area could be improve and they finally come out with the
Galaxy series. This project had made them successfully compete with Apple with
their technology strengths until now and had made them as one of the major
player in this industry.
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| Founder: Lee Byung-chull |
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