Generational shifts in the corporate world and the grim reality of the Korean software market
Global household names, such as Citygroup, General Electric (GE), Bank of America, AIG, HSBC Group, Exxon Mobil, BP and JPMorgan Chase & Co., which used to dominate the list of the world’s top 10 global companies a decade ago, had been dethroned by global software titans (e.g. Microsoft, Apple, Google, Facebook, etc.) a long time ago. There is even talk of a near future ruled by Chinese tech giants Baidu, Alibaba, Tencent and Xiaomi.
The same is true of the smartphone market. iPhone, which reigned supreme in the global smartphone market has lost out to Samsung Electronics, the maker of Galaxy S smartphones. Now Samsung finds itself being closely chased by China’s Xiaomi.