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.
...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).”
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.
We aim to provide products, services, benefits and rewards that deliver more value than any competitor.
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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.
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