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POSCO Begins Selection of New Chief as its Chairman Offers to Quit

POSCO Begins Selection of New Chief as its Chairman Offers to Quit

SEOUL, Apr. 18 (Korea Bizwire) — POSCO, the world’s fifth-biggest steelmaker by output, said Wednesday it has begun the process of selecting a new chairman as Kwon Oh-joon offered to step down. Kwon, who has been leading the steelmaker since March 2014, made the announcement during a meeting with the company’s board of directors that [...]

“We Must Overcome Silo Effect That Kept Sony from Growing Further”…POSCO Chairman

“We Must Overcome Silo Effect That Kept Sony from Growing Further”…POSCO Chairman

“Sony, once the world’s biggest and most successful electronics firm, is now unable to regain its former glory. That’s because, according to management gurus, of the working of the silo effect.” “Although Sony gave wide-ranging independence to its divisions in the name of responsible management, it only bred an insular management culture incapable of reciprocal [...]