Скачать или смотреть Samsung Built the Burj Khalifa | Business | Sarthak Ahuja

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You know who built the Burj Khalifa?... It wasn’t Emaar...

Emaar just funded the project and put its name on it... but the actual construction has been done by Samsung.

In 1938, a 28 year old named Lee Byung Chul decided to start a trading company that would sell fish, veges and noodles.

They reinvested their profits from trading into manufacturing something that had a huge demand - sugar, by setting up a sugar refinery in 1954.

Four years later, they set up a textile mill and then slowly got into apparel.

In the next decade, it also entered financial services and insurance - and is today, the largest insurance company of South Korea.

By then they were already so huge, that the founder saw an opportunity of the future - electronics... and by 1978, Samsung ended up becoming the largest TV manufacturer in the world.

They soon started making ACs, Microwaves...

And when they realised that they were highly dependent on imports of semiconductors, they started manufacturing them too - in fact, even started supplying them to its largest competitor - Apple.

It ended up becoming a shipbuilder in the 2000s and even set up Samsung Construction & Technology that constructed the Petronas Towers in KL followed by the Burj Khalifa - while also making bridges and highways on the side.

That’s not all... the company is also into -

Theme parks (Samsung Everland)
Universities (Sungkyunkwan University)
Hospitals (Samsung Medical Center)
Hotels (The Shilla)

At this point, it’s easier to list what Samsung doesn’t do.

Now, here’s the kicker - Samsung isn’t just big. It’s Korea-defining big. We’re talking:

+10% of South Korea’s GDP
+20% of the country’s total exports

More economic power than some small countries!

In fact, it’s widely believed that Samsung’s Chairman has more power than the President of the country itself.

And what I learn from this is - that please do not be married to your product or idea... be married to solving actual consumer problems - that literally change every 5-10 years.

What made money 5 years ago, won’t make you money today or five years later.

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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.

Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years.