Hon Hai Precision Industry Co., Ltd is a Taiwan-based manufacturer and distributor of electronic products. Hon Hai Precision is also known as Foxconn, which is a trade name registered under the company. Terry Gou is the CEO of the company and he believes that Hon Hai Precision can produce their electronic product as part of the daily life of every mankind in the world. Hon Hai Precision is one of the primary players within the global computer, communication, and consumer-electronics (3C) product industry. Hon Hai has two primary product categories which are connecter and cable, and PC components.
Foxconn contains business products within the segment of development, design, manufacture, and sale of the computer, communication, and consumer-electronics product. Hon Hai is one of the most trustworthy business associates within the 3C product industry. In addition, the company does contain dependable services including join-design, joint-development, manufacturing, assembly and after-sales services. Moreover, Foxconn expands its business sectors from technological products to research products such as, nano measure, wireless network…etc. Hon Hai has accounted for over 55,000 patents around the globe by 2012 because of its successful business model and the continuity innovation of the CEO.
Furthermore, the primary geography of the operation is in includes Mainland China and Taiwan; however, there are subsidiary amenities exists in Japan, the United States, and Europe. Despite the fact that Foxconn’s headquarter is in Taipei, Foxconn’s eCMMS business model helps the company acquiring customer attentions around the world with an average price range. As mentioned above, Hon Hai is expanding its product segment to attract more ...
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...s “Through the proprietary one-stop shopping vertical integrated eCMMS model to revolutionize the conventional inefficient electronics outsourcing model .” The last vision of the company is “Through the devotion to greater social harmony and higher ethical standards to achieve a win-win model for all stakeholders including shareholders, employees, community and management .”
Works Cited
Hon Hai Precision Industry Co., Ltd. “Business Philosophy.” Hon Hai Precision Industry Website. (2013). Retrieved from March 14, 2014.
“Hon Hai Precision Industry Co., Ltd. Company Profile” MarketLine Report. (2012). Retrieved from March 14, 2014. PDF.
With regard to Foxconn, the Taiwanese electronics manufacturing, announced that in the 1st quarter of 2013 revenue was down 19.2% compared with the same period last year, citing the decline in iPhone and iPad orders from Apple as being the major culprit (Yang, 2013). With Apple being their biggest customer, Foxconn recognized the need to change strategy and de-risk its dependency on Apple.
...esponsibly towards all its stakeholders. We believe that creating value for all our stakeholders is the only sustainable way for us to thrive as an independent, family-owned company. In our new framework and strategy for sustainability and responsibility we aim to integrate this mindset even further into the core operating model of the company (Welcome).”
We aim to provide products, services, benefits and rewards that deliver more value than any competitor.
Han saw technology as a need for economic life, and Romans saw technology as something they didn’t need and that it couldn’t be a substitute for hard work. The document states that technology is what keeps Han China’s efficiency and productivity high. The documents also show the Roman pattern of dislike towards technology and how they were in favor of a stronger work ethic and larger labor system. This views of technology what indicated the decline of this civilizations. The civilizations of Han and Roman had very different views of technology, the Han saw technology as a daily necessity and the Romans just thought of technology as a way to be more productive.
After conducting a basic 10 year financial analysis of the company, it has become evident that even with a highly competitive market structure they are able to improve on their performance. Ranging from 2004 to 2013 financial information, the company has shown a significant increase in their sales revenue roughly $3865 million sales in 2004 to almost four time that valuing $12970 million in 2013, which was an “increase of 10.4% over the 53 week prior year” The company’s growth strategy has been to diversify its product market and make them...
The company has a very good information systems support in being able to make strategic and routine decisions. They research and look into every available option prior to committing to purchasing or contracting with the companies in making sure that they are able to make the best quality product at the lowest costs.
More and more, foreign companies are participating in Mexico's development and have become a key element in Mexico's industrial transformation. Fresh capital has contributed the remaking of its industrial base, turning the country into what Business Week has called a new "industrial powerhouse."
AES distinguishes itself through developing new products and applications at a low cost. It is committed to social responsibility and empowering its employees through its four main principles which include integrity, fairness, social responsibility and fun. It is “different” from other corporations because AES is focused on retaining its core values and culture as the corporation expands in size. The company’s sources of sustainable competitive advantage include technical leadership through its innovative research and development team and its worldwide network of distributors and strategic partners. AES is committed to penetrating international markets, specifically in developing or emerging economies, and constantly improving on product development. The case states that AES believes their competitive advantage is a result of its “agility or speed and its ability to commit to corporate equity and to arrange complex financial transactions.”
Mission, Vision, and Values Paper. Introduction I am considering the company I work for Lockheed Martin to develop a modified strategic plan that will focus on responding to the United States government's and Department of Defense's (DoD) new "Network Centricâ initiatives. Lockheed Martin's Corp. is a publicly traded private corporation that provides high technology products and services to the United States government, DoD, and other international governments. Lockheed Martin is the largest defense contractor in the US with a branding statement "Our brand means qualityâ and a company slogan of "We never forget who we work forâ.
Electronic Applications was found in 1972, its headquarters are on San Francisco and it is a major producer of silicon chips. The company’s sales, profit and stock price have grown fast on the past years while the human resources policies have remained unchanged.
Global companies play an important role in the business environment, because they connect their business together around the world. A good example of a global company is Dell Inc., an American computer-hardware company, headquartered in Austin Texas, which develops, manufactures, sells and supports a wide range of personal computers, servers, data storage devices, network switches, personal digital assistants (PDAs), software, computer peripherals, and more. They design, build and customize products and services to satisfy a range of customer requirements: from the server, storage and Premier Services needs of the largest global corporations, to those of consumers at home. According to the Fortune 500 2006 list, Dell ranks as the 25th-largest company in the United States by revenue.
In the last few decades, America’s automotive industry has been losing revenue, decline of market share, and employment reduction but international business in the auto industry has been the opposite. For instance, General Motors (GM) have been doing poor in the automotive business while Honda, a Japanese manufacture have been increasing their sales, market shares and employment.
In 2010, because of its innovation strategy and acquisitions, Lenovo became one of the world’s largest PC producers by having achieved a considerable market share (Lenovo 2013b).
Hon Hai Precision Industry Co., Ltd which trades as Foxconn Technology group or as the media calls it Foxconn has been in media limelight recently due to labor problems that have surfaced from the organization. Foxconn is a major equipment manufacturer supplier to electronics giants like Blackberry, Apple, Microsoft Xbox, Sony PlayStation and the Nintendo Wii. The internet has several articles and controversies regarding the deplorable worker conditions and cases of suicides by the workers.
EC offer an effective communication between supply and manufacturing, and companies are able to respond efficiently and quickly to demand. (Turban, 2006)