2 Articles for 'india'
- 2008/05/20 How Korea's LG became the top national brand in India (1)
- 2007/08/29 India and China: where miracles happen
Knowledge has a podcast with Y.V. Verma, who has been director of human resources and management support for LG's India division since 1997. Verma has even authored a book on LG India called "Passion: The Untold Story of LG Electronics India."
Verma says the key success factor of LG India was empowerment - handling the decision power to the local staff as a way to hire and retain good talent. Sounds easy, but it's definitely not the typical way Korean conglomerates are run, I can say.
I posted this because some of the readers might be working at a local branch of a multinational company. Mr Verma is a living evidence that you can succeed big time at multinationals, or if you are determined enough, you might even pull a book endorsement. What's cooler than writing a book? (except for blogging, that is ;-) )
Mittal apparently went to Samsung India in November 2000, seeking for a $12M investment in Airtel - only to be declined by Samsung India. Now the 57-year old is the 6th richest person in India with a $9.5bn personal net worth. Mittal is now about three times richer than Chairman Lee, the owner of Samsung Group. He could be lending some money to Samsung.
The article gives this as an example of funny things happening in rapidly growing societies, notably India and China. No wonder Silicon Valley VCs are talking about India and China even in their sleep.
TAG india, Mittal
