Book (Practical) Society Change of management Why Lotte Founder Failed

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Biography
In January 2020, the founder of the Lotte Group, Shin Kyuk-ho (real name : Shin Kyu-ho), died at the age of 98. 80 years ago, at the age of 18, he came to Japan literally naked, and established the giant corporate group "Lotte," which straddles Japan and South Korea. He was the most economically successful Korean resident in Japan, the first generation manager. He had strong leadership as the owner and president, brilliant marketing sense, product differentiation and competitive superiority strategy that always sought the highest quality. Then, what was Shigemitsu's management that made careful preparations over several decades to hand over the giant zaibatsu group to his first and second sons? The man who created the 『 Lotte : Shin Kyuk-ho Theory 』 describes the success of business succession and succession nomination, which is the most important mission of managers. This book carefully extracts facts on business succession from the testimonies of former executives of Lotte who served charismatic managers and from the enormous data on group management of Mr. Shin Kyuk-ho and Japan and South Korea, and summarizes "seven lessons" that capital structure and organization as a strong "castle" can be collapsed from the inside by "blind spots" of the board of directors and voting rights. This book completes the "Shin Kyuk-ho theory" consisting of "success of business continuation" and "failure of business succession" of charismatic managers.