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.
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.
WH Smith publicly limited company (plc) is one of based British retailer which experience in Travel and High Street. Its operates a chain of retail shops selling books, magazines, newspaper and some small range of entertainment products for people in high street, railway station, airport, motorway service station and hospital. It has seen the chain is effectively spread UK-wide in recent years.
The company will continue to pursue its mission of bringing the highest quality goods and services to market at the lowest possible prices while providing excellent customer service and adhering to a strict code of ethics that includes taking care of our employees and our members, respecting our suppliers, rewarding our shareholders, and seeking to be responsible corporate citizens and environmental stewards in our operations around the world. (Thompson, Peteraf,
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.
GHD Group Pty Ltd, formally known as Gutteridge Haskins & Davey, is a world leader in Engineering, Architecture and Environmental Consulting. Since their establishment in 1928, GHD spreads itself across five continents while employing more than 5500 people across its various markets. While being committed to safety, environment, quality and integrity GHD empowers their staff to improve infrastructure, economies and communities (GHD, 2013).
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.”
Furthermore, because CRUS is a fabless company, it does not need to own or operate foundries for production. Instead it has developed a plethora of strategic alliances with a network of third-party contractors and chip assemblers for the manufacture, assembly and testing of its products. This strategy has allowed CRUS to keep CAPEX minimized and enabled them to focus their resources on design and development thereby encouraging innovation while reducing operational and financial risk (Zachs, 2017). The objective for the acquisition of CRUS would be to provide TMUS access to lower cost and higher quality software and hardware components allowing them to evolve their strategic position from cost focus to cost leadership by taking advantage of economies of scale in their manufacturing processes. Additionally, this acquisition will allow TMUS to take control over one of its competitor’s major suppliers as more than eighty percent of CRUS current business revenue stems from sales to Apple Inc. (Neiger, 2018). Interestingly, CRUS was once a rumored takeover target of Apple, but the acquisition never came to fruition (Truta, 2010). Moreover, CRUS strong manufacturing
In the future our firm could offer, the facility to make computers to consumers tastes, needs and budget. This is what the Gate Way Computer Company, which was very successful.
Samsung Electronics Company (SEC) began doing business in 1969 as a low-cost manufacturer of black and white televisions. In 1970, “Samsung acquired a semiconductor business” which would be a milestone that initiated the future for SEC. Entering the semiconductor industry would also be the beginning of the turnaround phase for SEC. In 1980, SEC showed the market its ability to mass produce. SEC became a major supplier of commodity products (televisions, microwave ovens and VCRs) in massive quantities to well known original equipment manufacturers (OEMs). For this reason, Samsung was able to easily transition into a major player in the electronic products and home appliances market (Quelch & Harrington, 2008).
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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.
Management Efficiency: During the 80s, the company’s refocus to manufacturing quality and technical leadership and profits reinvestments in R&D, state-of-the-art manufacturing, and supply chain activities helped the company to grow in a great extend. This management vision was not only upgraded the company’s products to compete in the high-tech electronics industry but also gave foundations of its global brand awareness.
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.
EC offer an effective communication between supply and manufacturing, and companies are able to respond efficiently and quickly to demand. (Turban, 2006)
Financial statements provide an overview of a business' financial condition in both short and long term. They help in understanding the past performance of the company and making future predictions about the company. It thus helps us to look beyond the profit figures.