The Philosophy of Management Succession

초록

Kortek, as a hidden champion, is the No. 1 in the field of Gaming Video Display Monitor delivering more than 70% of Video Slut Machines in the U.S. market. Compared to the ordinary managers who are in seeking of dysfunctions of daily management and operations, the founder and current CEO and Chairman Han-Gu Lee pursued to catch out the money-making businesses with his talented entrepreneurship. Despite of his unprecedent success as an industrial display monitor maker, recently he has been deliberately considered about the management succession scenarios for the vision of his cherished Kortek to keep as a sustainable company. In this case study, we analyzed the 3 scenarios being evaluated during more than 2 years by Chairman Lee. And as the result and performances after his decision to accept M&A with IDIS Holdings show a sustainable growth, we could extract strong implications not only for the Korean CEOs of hidden champions who have experiences as start-up founder but also other major companies being faced with such an agony in management succession.