Lessons From Korea Inc.

Korean companies have spun a high-tech success story that has some surprising lessons for Americans

3 min read
Lessons From Korea Inc.

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While the United States struggles to convert scientific and engineering prowess into commercial victories and robust employment, Korea Inc. is doing exactly that. South Korea’s unemployment rate is about a third that of the United States, and household income is about two-thirds of America’s—on track to equal the U.S. level in a generation. For a country of roughly 50 million people, lacking in oil and other commodity resources, newfound wealth flows almost entirely from technological advances.

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Asad Madni and the Life-Saving Sensor

His pivot from defense helped a tiny tuning-fork prevent SUV rollovers and plane crashes

11 min read
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Asad Madni and the Life-Saving Sensor

In 1992, Asad M. Madni sat at the helm of BEI Sensors and Controls, overseeing a product line that included a variety of sensor and inertial-navigation devices, but its customers were less varied—mainly, the aerospace and defense electronics industries.

And he had a problem.

The Cold War had ended, crashing the U.S. defense industry. And business wasn’t going to come back anytime soon. BEI needed to identify and capture new customers—and quickly.

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