Daewoo was barely afloat when the government intervened to take control. His dream of building a global network of companies, producing cars, consumer electronics and machinery for the world came crashing down and with it his global management. Kim may have had the vision, but he failed to communicate it to the rest of his management team. He went on to say that Kim should have raised the capital needed to expand and not depended so much on borrowed funds. He learned the hard way that a global vision isn't always enough.
Fundamentals also count.
Starting from her home with only a handful of part-time helpers she built a big business out of making ceramics. She supplied plates and knick-knacks all over the world. But this year Carpio might have to close her once-bustling factory and lay off those few remaining workers of the more than 100 she once employed. The problem is cheap ceramic imports from China. For a while, the Philippines took over with even cheaper products.