years‚ Apple’s products sweep the world. I think everyone only knows Steve Jobs‚ but not much people know Terry Gou who is the founder of Foxconn which is the supplier of Apple is a Taiwanese. Most of Apple’s products were assembled by his factories. He not only cooperates with Apple but also cooperates with many international companies such as DELL‚ Intel‚ COMPAQ‚ etc. In 1974‚ Terry Gou used around $7500 to create his first company which is “Hon Hai Plastic Products Co.”. Their master product
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References: 1. Bateman‚ T. S.‚ & Snell‚ S. (2011). Management: Leading & collaborating in a competitive world (9th ed.). Boston: McGraw-Hill/Irwin. 2 3. Bloom‚ D. (2012‚ April 30). Foxconn CEO Terry Gou: "What ’s wrong with sweatshops?". Retrieved from http://news.techeye.net/business/foxconn-ceo-terry-gou-whats-wrong-with-sweatshops 4 5. Durhigg‚ C. (2012‚ January 25). Apple’s iPad and the human costs for workers in China. Retrieved from http://www.nytimes.com/2012/01/26/business/ieconomy-apples-ipad-and-the-human-costs-for-workers-in-china
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appraisal of one’s job or job experiences.” It lists two different formulas for calculating job satisfaction: the Value Percept Theory‚ and the Job Characteristics Theory. This paper discusses the former and how it relates to Foxconn and its CEO‚ Terry Guo‚ whom writers Balfour and Culpan describe as a “ruthless taskmaster.” The Value Percept Theory is essentially the workers’ WIIFM (What’s In It For Me) paradigm‚ describing how certain job elements affect employee satisfaction‚ and the ramifications
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very poor human capital management. In fact‚ their management of human resources almost resembles the old feudal land owner and peasant relationship. Everyone is subservient to authority and this culture of fear originates from the ‘feudal lord’ Terry Gou‚ the apex of the organization. He displays pictures of himself with various people in power and also has bizarre needs that all his managers remember his quotes! Managers then consider this behavior the accepted norm and hence ill-treat their subordinates
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The Human Cost Associated with Electronic Gadgets or Stress? While thinking about the initial impressions one formed of Foxconn as one read the case. To what degree did stereotyping influence ones’ thoughts‚ how did the additional information about the firm change ones’ initial impression and while the manual labor of assembling electronics is challenging for Foxconn employees‚ the workers may also face emotional burdens of being away from family and isolation from the outside world. What were some
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Assignment 2 HBS - Foxconn Technology Group Foxconn was founded in 1974 by Terry Gou as Hon Hai Precision Industry Company Ltd. Foxconn Technology Group was the largest and fastest growing multinational company in the EMS industry. Terry Gou designed the factory and housing to exploit cheap land and labor in Shenzhen‚ a major city in Southern China’s Guangdong Province‚ north of Hong Kong‚ and China’s first Special Economic Zone. Mr. Gou demanded intense loyalty‚ telling employees that the company’s benefit
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available public sources. For Terry Gou‚ 2010 should have been a good year. He topped the Forbes billionaire list as the richest man in Taiwan and his company Foxconn was listed as 112 in Fortune’s "Global 500" rankings and appeared again on the "Most Admired Companies" list for 2010. Gou was also coming up to the third year of a happy marriage with his second wife‚ Delia‚ 24 years his junior. A man who had the world at his feet‚ with fame‚ fortune and happiness‚ Gou said: 1 th 2 I am
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Hai Precision Industry Co.‚ Ltd.‚ Foxconn opened its first mainland Chinese plant in 1988‚ and now operates 13 factories in nine Chinese cities and a growing constellation of factories in nine foreign countries. Founded by Taiwanese entrepreneur Terry Gou with $7‚500 he borrowed from his mother Hon Hai went public on the Taiwan stock exchange in 1991. Within a year of its starting to manufacture PC Cases it became one of the leading companies in this segment. It also became
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Corporate Fraud Foxconn Technology Group Background Foxconn Technology Group‚ subsidiary of Hon Hai Precision Industry Co.‚ Ltd.‚ which is the manufacturer targeting on electronic products like PC components‚ is founded by Terry Gou. First founded in Taiwan‚ Foxconn started to establish factory in Mainland China in 1988 and then expands its business very quickly. As the world’s largest manufacturer targeting on contract electronics‚ its clients are all over the world‚ including American‚ European
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Terry Fox-My Hero “I’m gonna do my very best. I’ll fight. I promise I won’t give up!” Terry said this after he had to give up in Thunder bay‚ Ontario. Terrance Stanley Fox is a hero to me because he set examples to younger and older people to raise awareness and money towards supporting cancer. He is my idol because my grandpa was diagnosed with cancer in 2001 and had it for 5 years and due to a seizure he tragically died on July 28th‚ 2005. Terry Fox was born on July 28th‚ 1958. In his younger
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