The recent mess with Hybe has really opened my eyes on this. Yes, Hybe has bigger market cap and so on. However we can see that company lacks culture and mission.
Hybe is just bunch of small companies gathered together. Which means that the internal culture within the company is that of a small company, they don't understand what being big means.
That's why Hybe always copies stuff, because that's what all small companies do.
Hybe is like a poor person who won a lottery and spends it on sport cars and expensive over the top clothes and SM is like an aristocrat.