What can we learn from the Hidden Champions? What potential danger is threatening Taiwan in the global competition? See how professor Hermann Simon, elected as the most influential management thinker after Peter Drucker, reveals the secrets of the Hidden Champions in 2017 Gurus Forum in Taiwan.
Named Wired magazine’s most innovative company for 2017, Amazon.com operates according to principles many people find shocking, such as forbidding Powerpoint presentations and requiring employees to write six-page reports. The precise management approach keeps this e-commerce icon efficient and employees confident.
The Taiwan Lettuce Village’s modern practices are redefining how to grow, harvest and store fresh produce. After conquering Taiwan, the company’s iceberg lettuce is now making waves on the global stage.
Recognized as one of Taiwan’s leading practitioners of Industry 4.0, TSMC has been able to maintain its pricing power in an age of plummeting component prices. What has been its secret weapon in achieving that?
Each day our world is constantly changing and becomes more competitive. Good leaders brings their teams toward progress and success. However, what does it really mean to be a good leader? World-class author and motivational speaker Simon Sinek might have an answer.
Clayton Christensen, who is a professor of Harvard Business School and known for his famous theory of "disruptive innovation", came to give a speech in Taipei under the joint invitation from CommonWealth Magazine and NTHU.
Starting a business is easy, but continuing to make profits is really difficult. Many enterprise operators are afraid of innovations, because once the existing business model is altered, it will be hard to expect profits. Then, what is the key and strategy for companies to innovate successfully?
Internet technology has facilitated the rise of social media “tribes” that promote their own ideas or interests through highly insulated “echo chambers.” How can marketers penetrate these social media groups to turn “fans” into customers?
New technologies, increasing connectivity and industry convergence are rewriting the way companies do business. How do Taiwanese industry bellwethers such as TSMC, Hon Hai and President Chain Store innovate to remain relevant for decades to come?
TSMC Chairman Morris Chang, one of Taiwan’s most respected business people, opens up in this interview with CommonWealth Magazine about the future of the high-tech and semiconductor sectors and the state of labor-management relations in Taiwan.
Tainan-based Lucidity Enterprise proves every day that corporate social responsibility transcends deep pockets and resources and that a few simple ideas can make a real difference within a company and throughout society.
Hon Hai Precision Industry, the world’s biggest contract electronics manufacturer, is close to acquiring Sharp of Japan. What is behind Hon Hai’s willingness to risk it all financially to take over the venerated but money-losing Japanese electronics giant?
Following a lackluster business year, Taiwan's CEOs are not only pessimistic about the economy and the investment climate next year, but also issued a vote of no confidence in the leadership potential of Taiwan’s three presidential candidates.
CommonWealth Magazine’s Corporate Social Responsibility Awards include the “small giant” category for the first time this year to acknowledge CSR efforts that often outshine those made by Taiwan’s large corporations and foreign enterprises.
Venture capitalist Kai-fu Lee believes the new wave of startups by young entrepreneurs will disrupt established business models, and he argues in this interview that the power of youth should be feared and respected.
While rival Acer was busy acquiring companies abroad to boost market share, Asustek Computer Inc. was slimming down. It pared down its 11 business groups to just three, helping it become one of the world's top five computer brands.
When it comes to "destruction" Hon Hai has no match. The company attacked the supply chain with low prices and forced the world's top brands to cry uncle and place orders. It is now up to CEO Terry Gou to guide Hon Hai to its next breakthrough.
CommonWealth Magazine's "Most Admired Company Survey" has seen the reputations of companies and sectors rise and fall over its 20-year run, making those whose brands have endured all the more admirable.
Taiwan Semiconductor Manufacturing Company (TSMC) has used an ideal blend of technology, strategy, management and corporate governance to be a global player in the semiconductor market. Chairman Morris Chang explains how this was done.
A spate of transportation and industrial mishaps in Taiwan this year has demonstrated the prime importance of corporate governance. Winners of CommonWealth's Citizenship Awards showed how to do it the right way.
The winners of CommonWealth Magazine's newest corporate citizenship awards have begun to reap the benefits of sound CSR practices, demonstrating that what's good for society may also be good for business.
How competitive are Taiwanese professionals on the international stage? CommonWealth Magazine's latest survey discovered three key factors determining the direction of Taiwanese talent: a stage to perform on, salaries, and ambition.
In 2013 new champions emerged in more industries than ever before. With ambition, courage, tenacity and innovation, Taiwan's new standard bearers deftly navigated rocky economic waters to sail ahead of the pack.
The annual awards for corporate social responsibility identify companies with the traits that sustain competitiveness. This year's poll found that the frontrunners not only value "profit," but also "people" and the "planet."
While semiconductor legend Morris Chang remains far and away Taiwan's most admired businessman, restaurant mogul Steve Day has soared to 3rd place, clearly revealing the service industry's new clout in tech-heavy Taiwan.
Gone are the days when the biggest problem of middle age was high blood pressure. In a globalized world of risk and turmoil, midlife presents an increasing array of troubles and strains. What can be done to weather the perilous middle years?
While mostly pessimistic about the coming year, Taiwan's top executives strongly back President Ma Ying-jeou's policies on China and the economy. Yet a divergence of viewpoints exists between CEOs and the general public.
Restaurateur Steve Day moves into the top ten for the first time. The list of most admired entrepreneurs is dominated by CEOs of Taiwanese brands, clearly demonstrating the ascent of Taiwan's branded businesses.
With their small scale and limited resources, isn't it too much to ask SMEs to go full bore on corporate social responsibility? Planet Technology and Merry Electronics are proof positive that SMEs can make a difference.
President Chain Store Corp. recently opened its second shopping mall in Taiwan. Why is it so determined to enter the department store fray when its 7-Eleven convenience store business is so successful?
Enjoying success with its TV and Internet shopping ventures, the financial group Fubon has gone brick-and-mortar, with its Momo Department Store. Is Fubon creating a consumer paradise, or just aiming too high?
Adopting public parks, conducting ecological surveys, revitalizing historical sites, caring for the elderly – one company plays a leading role in safeguarding Tainan's heritage. What are its motivations?
In CommonWealth Magazine's annual survey of Taiwan's top corporate citizens, Delta Electronics edged TSMC by the slimmest of margins for the top spot, an indication of just how fierce a battleground corporate social responsibility has become.
Whether bringing science education to 34 elementary schools with a mobile science van, or helping reconstruct classrooms in the wake of Typhoon Morakot, Bayer Taiwan combines know-how and passion for a different kind of public service.
The number of start-up enterprises in Taiwan has plummeted by more than half over the past 20 years, but in its latest survey CommonWealth Magazine discovered three keys that can still deliver success.
From Seoul's trendy Myeongdong shopping district to the vanity tables of Europe and America, the brands of South Korean cosmetics giant Amore Pacific are increasingly at home, as beauty becomes the latest Korean craze to sweep the globe.
IBM's human capital management program systematically sifts its talent pool, shores up the skills that leadership candidates lack, and prepares a comprehensive succession plan. What lessons can Taiwan's companies learn?
Acer Inc. stands out among Taiwanese companies not just for its world-class standing in the computer industry, but also for its stable, successful leadership transition. Retired Acer founder Stan Shih shares his experience.
Taiwan's 30 largest corporations represent a market value of NT$13 trillion. Yet 40 percent of them have not planned ahead for a smooth corporate succession. Should their millions of shareholders and employees be worried?
Dissatisfied customers who don't complain on the spot pose the greatest hidden threat to retailers. But dealing with them isn't easy, because, as a recent CommonWealth Magazine survey shows, no two are exactly alike.
Keeping an eagle eye on every detail has made Everlight Electronic the profitability leader among LED packagers. With its "tough love" leadership, what will Everlight's next step be along the road to "green lighting"?
With the global economic slump, the often upbeat expectations of Taiwan's top execs have toned down considerably. While they believe increased economic ties with China will help their companies, they also are aware of the potential pitfalls.
The question burning in the back of Delta Electronics chairman Dr. Bruce Cheng's mind for decades: How to address energy, environmental and climate problems while preserving business development? Delta now believes it has found the answer.
CommonWealth Magazine's survey of Taiwan's top corporate citizens found that in these trying times, being socially responsible is more than a way to build an image or give back to society; it is now critical to reviving sagging bottom lines.
The age of the "intellectual newspaper" is over, as the rag trade now keeps its eyes firmly fixed on the bottom line. How can the United Daily News Group enhance its intrinsic value and pump up profitability?
Just as his flagship Apple Daily has begun to lose money, Hong Kong media baron Jimmy Lai has boldly entered Taiwan's highly competitive cable-TV business, hiring PR veteran King Pu-tsung. What does Lai have up his sleeve?
A month after Want Want Holdings chairman Tsai Eng-meng bought the financially troubled China Times Group, he reported the completion of the deal to a top Chinese official. What is this new media mogul up to?
The fates of companies facing a turbulent global economy in 2009 and beyond will be determined by the quality of their people. That is why the power to groom talent is now one of the top priorities of Taiwan's executives.
With a mystique of down-to-earth, old-fashioned flavor, Meet Fresh successfully attracts and retains customers by highlighting the handmade character of its products and spreading the heartwarming legend of its founders.
An economic slump does not have to be bad news. In these turbulent times Taiwanese electronics giant Hon Hai is preparing to go through a crucial restructuring. But will it help Hon Hai to widen its lead over its competitors?
The global financial crisis is wreaking economic havoc, leaving no industry or company unscathed. But some enterprises are capitalizing on the downturn to plot their recovery and put some distance between themselves and their competitors.
In 2008, which Taiwanese companies have the wherewithal to weather a global financial meltdown and precarious market conditions? The island’s benchmark enterprises are those creating growth with a solid stance on their foundations.
In Japan, Taiwan, and around the world, in the workplace, businesses and political circles, people are desperately seeking the social awareness skills that often mean the difference between success and failure.
In the ever-changing Internet industry, success comes with being able to detect the latest trends, and as Yahoo Taiwan's general manager Charlene Hung has discovered, an interest in observing people and their surroundings.
With no time for training top talent gradually, IBM Taiwan has initiated a "T-Leadership Course" to quickly make up for a shortfall in junior executives and actively cultivate a high-powered successor team.
With a keen nose for ill tidings, Taiwan's SMEs have already gone into crisis mode in response to global economic doldrums. Four companies are readying their battle plans, preparing to wage a long-term war of resistance against rising costs.
Having been through several close calls and critical conditions, legacy company IBM has spent a lot of time, effort and resources redefining its business values. That's perhaps why it can accurately grasp hold of visionary trend and innovative ideas.
The 97-year-old IBM is trying to look beyond its glorious history: as IBM stepped out from the personal computer business and reallocates resources to services business, the Big Blue is now venturing into the growth markets with its sophisticated approaches and unconventional talent training.
The pessimistic pall hovering over Taiwan in recent years seems to be lifting, at least in the minds of the country's CEOs. What do they expect from the new administration to justify their renewed confidence?
Although Taiwan's most influential entrepreneur Wang Yung-ching has passed away, he left behind a thriving petrochemical empire that will long outlive him. CommonWealth Magazine looks at his group's winning strategies.
Since the completion of Naphtha Cracker No. 6, FCFC's petrochemical business has skyrocketed, with operating revenue this year ten times the figure for 1991. Who is behind this astounding metamorphosis?
With 176 vessels plying the world’s oceans, Evergreen is a truly global Taiwanese conglomerate. The green-friendly vision of Chairman Y.F. Chang has helped it claim a popular niche in a cutthroat field.
Bouncing back from a three-year slump, Realtek, famed for its red crab logo, has focused its vision and quickened its pace. Now its claws are snapping at the heels of the major international companies.
Twenty years ago TSMC broke the seal on the insular, monopoly-dominated semiconductor nexus. Now it is working on a system of total-process cooperation, to make sure its clients get it right the first time.
In Taiwan's intensely competitive health product market, positioning is crucial. Two international brands are employing antithetical strategies 'one budget-priced, the other high-end' in bids to capture the island.
Fighting to become one of the world's top brands, Asustek has deployed its managers around the world in search of new opportunities. What are their rules of engagement, and how are they able to expand Asustek's presence in new markets?
Over three-quarters of Taiwan's top 1,000 enterprises are planning to hire first-time job seekers this year. Which industries offer the highest salaries? And what qualities are they hoping to encounter in fresh recruits?