table of content
1. Foxconn Background 1
2. Problem of Foxconn 3
3. The reasons that cause poor management 6
4. Solutions 10
5. Implementation 12
6. Conclusion 14
7. Reference 15
1. Foxconn Background
Foxconn is Hon Hai Precision Industry Co., Ltd, which originally located in Taiwan of China and found in 1974 by Terry Gou. It is Taiwanese multinational electronic contract manufacturing company, and it also is the world’s largest electronics contract manufacturer measured by revenues. Foxconn is primarily an original design manufacturer and its clients include major American, European, and Japanese electronics and information technology companies. Notable products that the company manufactures include the iPad, iPhone, iPod, Kindle, PlayStation3 and Wii U. At the same time, Foxconn has established the long-term business relationship with the largest electronic companies, especially in Samsung and Apple. (Foxconn, 2013)
Foxconn has more than 10 factories in nine Chinese cities, which are more than in any other countries. Foxconn’s largest factory worldwide, and also headquarter is in Longhua of Shenzhen.
It mainly focuses on those three philosophies, through the most efficient “total cost advantages” to make comfort of electronic products usage an attainable reality for people, through the proprietary one-stop shopping vertical integrated eCMMS model to revolutionize the conventional inefficient electronics outsourcing model, and 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. (Foxconn, 2013)
Foxconn’s business strategy has simply termed as Speed, Quality, Engineering Services, Flexibility and Monetary Cost Saving. (Foxconn, 2013)
Foxconn issued shares as $HK3.88 in Hong Kong Exchange Market on 3rd February 2005; it dramatically increased share price to $AUD27.7 during one year. However, net profits of...