Here’s another hero of simplicity whose story is part of my new book, Think Simple.
One of the reasons I was excited to write another book was that it gave me the opportunity to look at the power of simplicity beyond the world of technology. I had conversations with a fascinating group of business leaders in different industries and countries.
In the process, I found inspiration in places I did not expect. One such place was the credit card business in South Korea.
Ted Chung is Vice Chairman and CEO of Hyundai Card, a financial division of the larger Hyundai Motor Group. He was brought into the company after leading the turnaround of a Hyundai factory in Mexico—and Hyundai Card was in serious need of a turnaround. Projections indicated it was about to lose more than a billion dollars that year.
Ted is not your typical corporate leader. He’s even less typical as a financial company leader, as he came to the job without deep experience in the industry.
But Ted knows a lot about running and inspiring a company, and he is a true believer in the power of simplicity. Continue reading →