Terry Gouâ€the Founder of Hon Hai Precision Industry Co

In recently years, Apples products sweep the world. I think everyone lone(prenominal) knows Steve Jobs, precisely non practically pile know terry Gou who is the founder of Foxconn which is the supplier of Apple is a Taiwanese. Most of Apples products were assembled by his factories. He not only cooperates with Apple but in like manner cooperates with many another(prenominal) international companies such as DELL, Intel, COMPAQ, etc. In 1974, terry Gou used around $7500 to create his first-year company which is Hon Hai Plastic Products Co. . Their master product was the buttons of televisions.Until 1981, he successfully created in the buff product which is computers connector. The following year, he changed his companys allude to Hon Hai Precision Industry Co. and he had around $530 thousand assets in that time. In 1985, he created a branch which is Foxconn in U. S. (MBAlib) In March 2012, Terry Gou was ranked as 184 of the worlds billionaires with $5. 5 billion by Forbes. (Forbes) Terry Gou has three main business philosophies. 1. Daring to take a crap For Terry Gou, he always remembers these words Thousand soldiers get easily, a allow difficult beg. He trusts that hiring and cultivating employees is one of the most important things for a company. He has never barbarian to cultivate their employees. On the other hand, he puts towering value on hiring talents. (WIKIPEDIA) 2. Daring to invest He has never niggard to choke money on buying more advanced equipment or give more reward for his employees. He thought that long-term coronation and development of talents is the only key for company to grow fast. Therefore, he had said, Everyone thinks that spend money is a kind of enjoyment.I think spend money is a kind of pursuit. This is my philosophy. (WIKIPEDIA) 3. Daring to face problems During Terry Gou created his Hon Hai Empire, he got a carve up of huge problems. But every time when he faced those problems, he always thought if he is breakthrou gh, it underside let him get the biggest rewards, bear more and more strength. (WIKIPEDIA) He had said a sentence I like to work with those masses who have no retreat. (MBAlib) Because he thinks the people who dont have retreat, they will do whatever they can do. He doesnt have any high ducation degrees or wealthier background. any he has is his specific leadership. From $7500 to billions, Terry Gou successfully creates his Hon Hai Empire. Describe how your or a firm encourages innovation? It is important for company to deem innovating. For me, if I have a company, I will encourage my employees to keep innovating by following rules 1. There is no useless idea. I trust in that location is no useless idea only have useless attitude. whatever good ideas be always killed by those bad attitudes. People commonly hate to have change because it wastes time and money.They think it is good seemly to keep the same situation. Therefore, I will create a communion channel in my company for all employees having a way to give me their ideas. 2. Never stop learning I will supply many opportunities for my employees to learn something is out of his professional area. Let their knowledge structure are more complete and much more creative. 3. Sweeping the innovation killers nearly people dont say anything in front of everyone, but they would criticize secretly. This kind of people is poisonous. They will impede companys growth and innovation.I will try to find out this kind of people and sweep those people from company as soon as possible. ? How do you cope with accelerating change? Nowadays, economic and technology develop very fast. some(prenominal) companies cannot follow the steps and easy to be eliminated in the fierce competition. For me, I will follow the following principles to cope with accelerating change. 1. Focus on the total competence Even everything changes very fast, all we need to do near focus on exploitation our core competence. founding fathert blindly pursuing new technology.If we put more efforts on our core competence, we would not be eliminated easily. 2. Diversification When we focus on developing our core competence, we should also try to create new market. Basing on what we have and develop in different area. 3. There is always a better way Dont settle for the status quo, keep innovation. If a company keeps developing in one way, it could not handle the accelerating change, and it would be eliminated. Therefore, try to keep finding a better way on development or solving problems. It would let whole company stay in a great condition and cope with accelerating change.