In three years, ecstasy turned into despair for Asim Warsi. In 2005, when he quit Nokia to join Samsung as marketing head, the South Korean conglomerate was hot on the heels of the Finnish handset major. Within 10 years of starting operations in India, the consumer electronics major had garnered a 17 percent share of the handset market, and was the second biggest after Nokia. “It was a hungry challenger,” recalls Warsi, who was then 32 and confident of propelling the brand to pole position.
Three years later, Samsung had slipped to a distant fourth in the pecking order. “At 2.7 percent market share, you are actually a no-brand,” he says. Warsi, who had his first tryst with a rock-bottom moment in his career, realised something drastic had to be done. “We needed to systematically and structurally change everything.”
Inspiration came from Samsung Chairman Lee Kun Hee, who had given a clarion call in 1993 to reboot. Fed up by the abysmal quality of products, he had called for a sweeping change in the way the company worked. “Change everything but your wife and children,” he had said. Two years later, Lee exhibited his intolerance for poor quality, when he reportedly ordered 150,000 phones, fax machines and other devices to be burned in front of employees at a factory in Gumi, South Korea.
Esta historia es de la edición January 29, 2021 de Forbes India.
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Esta historia es de la edición January 29, 2021 de Forbes India.
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