Samsung to reform authoritarian culture to act like startup

March 24, 2016 5:20 AM

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SEOUL, South Korea – Samsung Electronics says it will reform its authoritarian, top-down corporate culture in a bid to act like a lean startup.

The Korean company said its executives and workers have pledged to reduce hierarchical practices, unnecessary meetings and excessive working hours in a "Startup Samsung" ceremony held Thursday at its headquarters in Suwon, South Korea.

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