The Road to Becoming a “Giant Lion”-Asustek Computer Inc.
The Road to Becoming a “Giant Lion”-ASUSTek Computer Inc.
Chyong Ling Judy Chen
Department of Economics
Feng Chia University
100 Wen Hwa Road,
Taichung, Taiwan
Tel: 04-24517250 ext. 4482
Fax: 04-24518737 clchen@fcu.edu.tw Abstract
In Taiwan, small businesses account for about 97% of all firms. Though many people use the terms “entrepreneur” and “small business owner” synonymously, there are significant differences between them. Small business owners pursue profit, but often at a slow pace. Entrepreneurs create substantial wealth, often at rapid speed and take high risks to pursue ideas and opportunities that often involve substantial innovations beyond what a small business owner might exhibit. The CEO of ASUSTek Computer Inc.(ASUS) exhibits these characteristic.
Taiwan’s economic miracle extended to the IT industry after 1990. ASUS was founded on April 2, 1990 by four engineers with capital of NT$10 million. Its total revenue has reached NT$800 billion and market capitalization was NT$49 billion as of December 31, 2007 (US$1=NT$31.5). ASUS’ business significantly took off after Jonney Shih joined the company as CEO in 1994. He is a key anchor of ASUS.
This paper will discuss how entrepreneurial character and beliefs formed ASUS’ culture and their impact on the development of the company’s strategies in business and finance, as well as ASUS’ innovations in marketing and products, leading the company to become a “giant lion” in the computer industry.
Keywords: ASUS; Entrepreneur; Business culture; Innovation
1. Introduction
Taiwan’s economic miracle extended to the IT industry after 1990. Taiwanese IT companies manufacture a diversity of 3C products for the global market (Table 1). Taiwan plays an important role in the world IT industry and is well known as the “Silicon Island.”
Table 1 Taiwan’s IT products, world market shares, and sales amounts
|World Rank |Product |World Market
Chyong Ling Judy Chen
Department of Economics
Feng Chia University
100 Wen Hwa Road,
Taichung, Taiwan
Tel: 04-24517250 ext. 4482
Fax: 04-24518737 clchen@fcu.edu.tw Abstract
In Taiwan, small businesses account for about 97% of all firms. Though many people use the terms “entrepreneur” and “small business owner” synonymously, there are significant differences between them. Small business owners pursue profit, but often at a slow pace. Entrepreneurs create substantial wealth, often at rapid speed and take high risks to pursue ideas and opportunities that often involve substantial innovations beyond what a small business owner might exhibit. The CEO of ASUSTek Computer Inc.(ASUS) exhibits these characteristic.
Taiwan’s economic miracle extended to the IT industry after 1990. ASUS was founded on April 2, 1990 by four engineers with capital of NT$10 million. Its total revenue has reached NT$800 billion and market capitalization was NT$49 billion as of December 31, 2007 (US$1=NT$31.5). ASUS’ business significantly took off after Jonney Shih joined the company as CEO in 1994. He is a key anchor of ASUS.
This paper will discuss how entrepreneurial character and beliefs formed ASUS’ culture and their impact on the development of the company’s strategies in business and finance, as well as ASUS’ innovations in marketing and products, leading the company to become a “giant lion” in the computer industry.
Keywords: ASUS; Entrepreneur; Business culture; Innovation
1. Introduction
Taiwan’s economic miracle extended to the IT industry after 1990. Taiwanese IT companies manufacture a diversity of 3C products for the global market (Table 1). Taiwan plays an important role in the world IT industry and is well known as the “Silicon Island.”
Table 1 Taiwan’s IT products, world market shares, and sales amounts
|World Rank |Product |World Market
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