Iphone vs. Samsung
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Samsung Today

Samsung Today | Iphone vs. Samsung | Scoop.it
Claire Schmidt's insight:

Samsung is now ranked 20 out of the Top 500 businesses globally, according to CNNMoney.com. In addition, Samsung has driven up sales in the smartphone and TV unit markets; Samsung's Galaxy S II smartphone last year alone sold more than 10 million units worldwide, helping to propel the company to the number one spot in smartphones globally. Its total assets is $590 billion, while its net income is $30.1 billion as of 2013. Samsung now has 3 CEOs, since the death of Lee Byung-Chul: Kwon Oh Hyun, Boo-Keun Yoon, Jong-Kyun Shin

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Successful Businesses Now vs. Then

Now vs. Then

Claire Schmidt's insight:

What both Lee Byung-Chul and Steve Jobs did to become successful was to revolutionize the fields that their businesses were in.  They changed how things were viewed and done. In addition, it also was easier for people to go out and start their own businesses, versus the obstacles people face today in getting approval for their business start up and in getting the funds to do so. 

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Perseverance - Lee Byung-Chul

Perseverance - Lee Byung-Chul | Iphone vs. Samsung | Scoop.it
Claire Schmidt's insight:

The mark of a good business man is to never give up, especially when they have failed. That is what Lee Byung-Chul did, when first his rice mill was largely unsuccessful, and then when General Park seized power in South Korea while Lee was in Japan, Samsung had to give up control over the banks it had acquired and follow economic directives from Park's government. But even with those setbacks Lee continued on, eventually founding the Cheil Sugar which led to Samsung Electronics.

Once, when Lee was summarizing his career as a business executive, he said it was ``50 years of relentless effort to improve productivity, and training people and putting them in the right place to maximize their talent, instead of having them work mechanically.'' Lee has been

named to Babson College's Academy of Distinguished Entrepreneurs, in addition as to being recognized as an important influence in the shaping of the South Korean nation's economy and development of the modern Korean enterprises.


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Background of Lee Byung-Chul

Background of Lee Byung-Chul | Iphone vs. Samsung | Scoop.it
Claire Schmidt's insight:

Lee Byung-Chul was born on February 10, 1910 to a wealthy landowning family in South Korea. The family was a branch of the Gyeongju Lee Clan. He attended school all the way up to college, where he went to Waseda University in Tokyo, but did not complete his degree, much like Steve Jobs.

Lee first started his business career when, after his father's untimely death, he started a largely unsuccessful rice mill in Gyeongnam. Because it was not successful, he moved on to establish a trucking  business in 1938 that was the forerunner to Samsung; it was named Samsung Trading Co. It expanded until it became one of the ten largest trading companies in Korea by 1950. In 1953 he started to expand to other products such as textiles, cars, insurance, and most of all, consumer electronics. The Samsung Electronics branch was founded in 1969. This was the branch that the Samsung Galaxy phones would come out of, coming to rival the iPhone.

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Humble Beginnings

Humble Beginnings | Iphone vs. Samsung | Scoop.it

Brief Background of Steve Jobs and Lee Byung-Chul

Claire Schmidt's insight:

Both of the influential and powerful creators of the tech giants Apple and Samsung weren't always such big shots - they started from humble beginnings. For example, Steve Jobs, before he created the Apple Computer, was once a 21-year-old college dropout living with his parents in California. Lee Byung-Chul, on the other hand, started off first with an unsuccessful rice mill Gyeongnam, South Korea.

The two had similarities, in that both of them never finished college. They were also determined to succeed, not letting failures stand in their way, such as Lee Byung-Chul's failed rice mill or Steve Jobs' being kicked out of his own company. They started from small beginnings and worked their way up to greatness. In addition, both of the men had a healthy respect for each other, especially when working in collaboration with one another's companies.

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Apple Today

Apple Today | Iphone vs. Samsung | Scoop.it
Claire Schmidt's insight:

Apple is now ranked No. 1 in Computers across the world, and No. 1 in the World's Top 50 Most Admired Companies. By just viewing these statistics, it is easy to conclude that Apple is doing phenomenal. However, after Steve Jobs passed away, the company was passed on to another leader. Nowadays, it is run by Tim Cook, who had joined Apple back in 1998. The company's net worth is now over $500 billion, a far cry from its $10 billion just a decade ago.

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Benefits of Apple and Samsung

Benefits of Apple and Samsung | Iphone vs. Samsung | Scoop.it
Claire Schmidt's insight:

Both Samsung and Apple have revolutionized the world of cellphones and electronics, though Apple has done admittedly more so. The usage of touch screen and apps have changed the way most cellphones are made and, in addition, have changed the way a lot of businesses operate. For example, the apps on phones have led businesses to target those as advertising their products/services or as a way to make more money. This has benefited businesses in being an easier and better way to advertise and make money. In addition, both Apple and Samsung focus on various charities. Recently, in 2012 Apple's donations to charities exceeded $50 million. Samsung also has its own charity called Hope for Children.

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Determination - Steve Jobs

Determination - Steve Jobs | Iphone vs. Samsung | Scoop.it
Claire Schmidt's insight:

Steve Jobs' background in electronics, from his father teaching him to tinker with electronics like radios and televisions, to his calligraphy class and to his job with Atari, helped him to build one of the biggest electronic empires in the US and in the world. In addition, his determination to succeed and his intensity carried him far, even when he was sleeping on the floor in friends' dorm rooms and creating the Apple Computer Company in his parents' garage. He had a reputation as a brilliant but difficult person to work for, As one man who worked for Jobs, Don Melton, said, “Some misinterpreted [his] behavior as being overly critical, but it was actually time-saving clarity” (An Intimate Glimpse at Steve Jobs’ Intense Humanity by Marcus Wohlsen). 

Jobs' business methods were both destructive and encouraging to his employees. He encouraged the people working for him to be the best they can, by challenging and pushing them. His business methods of being impatient and hypercritical were also slightly detrimental at times, but still caused people to have grudging respect for him.

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Background of Steve Jobs

Background of Steve Jobs | Iphone vs. Samsung | Scoop.it
Claire Schmidt's insight:

Steve Jobs was born on  February 24, 1955 in San Francisco, California to Abdulfattah "John" Jandali and his girlfriend, Joanne Carole Schieble. The couple had to give him up for adoption because of family disapproval, so he was adopted at birth by Paul Reinhold Jobs and Clara Jobs. 

In school he was regarded as extremely smart; his middle school officials recommended that he skip two grades on account of his test scores, though he only ended up skipping one. While in high school, he also started working on a computer with Bill Fernandez and Steve Wozniak.

In 1972, Jobs enrolled in Reed College in Portland, Oregon, but later dropped out after 6 months. However, over the course of the next 18 months, Jobs dropped in on creative courses. One of them included a calligraphy class that without which, Jobs later said, the Mac would have never had multiple typefaces or proportionally spaced fonts.

The first job he had as a technician was at Atari, Inc, in Los Gatos, California. Atari was an American video game and home computer business.

After years of work, traveling to India and becoming involved in Zen Buddhism, Steve Jobs formed his own company along with Steve Wozniak from high school called the Apple Computer Company. In that same year, Wozniak single-handedly invented the first Apple Computer. The entire company was initially run out of the garage of Jobs' parents' house.

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