Versatility

The word versatility describes having many different skills or qualities. Versatility allows you to adapt many different situations. The noun versatility derives from the Latin word versatilis, meaning "turning, revolving, moving, and capable of turning to varied subjects or tasks." Companies seek employees who have versatility so they can adapt to different work situations. A soccer player with versatility can play forward, defender, and goal keeper exceptionally well. A master chef's versatility means she has extensive knowledge of French, American bistro, Italian, and Spanish cuisine.

Lee Kun-Hee is a South Korean business magnate and the chairman of Samsung Group. He had resigned in April 2008, owing to a Samsung slush funds scandal, but returned on March 24, 2010. He speaks Korean, English, and Japanese. In 1996, Lee became a member of the International Olympic Committee. He and his family ranked among the Forbes richest people in the world with an estimated net worth of $12.6 billion. Lee was named the world's 41st most powerful person by Forbes Magazine's List of The World's Most Powerful People in 2013, the second highest among Koreans after Ban Ki-moon. 

He joined the Samsung Group in 1968 and took over the chairmanship on December 1, 1987, just two weeks after the death of his father, Lee Byung-Chul, who founded Samsung. In the early 1990s, believing that Samsung Group was overly focused on producing massive quantities of low-quality goods and that it was not prepared to compete in quality, Lee famously said in 1993 "Change everything except your wife and kids" and true to his word attempted to reform the profoundly Korean culture that had pervaded Samsung until this point. Foreign employees were brought in and local employees were shipped out as Lee tried to foster a more international attitude to doing business.

Under Lee's guidance, the company has been transformed from a Korean budget name into a major international force and arguably the most prominent Asian brand worldwide. One of the group's subsidiaries, Samsung Electronics, is now one of the world's leading developers and producers of semiconductors, and was listed in Fortune magazine's list of the 100 largest corporations in the world in 2007. Today Samsung's revenues are now 39 times what they were in 1987, it generates around 20 percent of South Korea's GDP, and Lee is the country's richest man. 

On March 24, 2010, he announced his return to Samsung Electronics as its chairman. In an interview, Lee expressed pride in the fact that Samsung attracts the brightest minds in South Korea but added that his new goal is to attract talent from all over the world to ensure that Samsung will remain one of the top companies in the world for years. At that time, Samsung industrial subsidiaries include Samsung Electronics, Samsung Heavy Industries, Samsung Engineering and Samsung C&T, and Samsung Techwin. Besides, other notable subsidiaries include Samsung Life Insurance, Samsung Everland and Cheil Worldwide. These are under control by him and assisted by his employees so this can prove that he able to control every task and solve problems in every industrial and others subsidiaries.

Because of his personal traits, Samsung in 2006 produces around a fifth of South Korea's total exports and its revenues are larger than many countries' GDP, it would have been the world's 35th-largest economy. The company has a powerful influence on South Korea's economic development, politics, media and culture and has been a major driving force behind the "Miracle on the Han River".

(Logo of Samsung and Samsung's Chairman, Lee Kun-Hee)