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Samsung wants to swap its rigid culture for a startup ethos
Samsung, the largest mobile and memory chip company in the world, says it plans to change its autocratic ways and act more like a start-up. In a statement, it says "we aim to reform our internal culture, execute as quickly as a startup company and push towards open communication and continuously innovate," according to Reuters. To show it's not kidding, the company held a special "Startup Samsung" ceremony at its South Korean headquarters and had staff pledge to reduce their hierarchical ways, endless meetings and insane work hours. Executives also signed an agreement to remake the corporate culture.
