Word: makers
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When Stan Shih founded computer maker Acer in 1976, he dreamed of creating a globally recognized brand. It was an ambitious vision for a start-up founded in a small Taipei apartment, but Shih, who's known as the father of Taiwan's formidable technology industry, eventually got his wish. Acer now ranks behind only industry giant Hewlett-Packard in the global notebook-PC market, with a 19% share, and is poised to overtake Dell as the second largest computer seller in the world. (Read "New Netbooks Debut at Taiwan Computer Show...
...This is why Taiwan's manufacturers, at the risk of alienating their heavyweight customers, are breaking out of the box by slapping their logos on innovative new products. Asustek was mainly a little-known maker of computer circuit boards and graphics cards until 2007, when it unveiled the Eee PC, a lightweight miniature laptop costing less than $300. These wi-fi-equipped netbooks were enthusiastically accepted by an increasingly bargain-conscious public. Sales are soaring this year even as overall PC sales decline during the recession; research firm DisplaySearch predicts 1 in 4 laptops sold this year will...
...showing that, after years in the shadows, they may have something special - and not just in electronics. Taichung-based Giant Bicycles is one of the top three bicycle brands in the U.S. and Europe. And Taiwan companies continue to show an ability to innovate. For example, Optoma, a leading maker of digital projectors, recently created the world's smallest projector, the Pico PK101. Delta Electronics, a supplier of power adapters, is coming out next year with a full-color e-book reader that is thinner and lighter than Amazon's Kindle and plays video...
...hard to feel sorry for a guy who walks away from a job with a check for €50 million ($71 million). So while a few Germans see Wendelin Wiedeking, departing CEO of German sports car maker Porsche, as the victim of a public lynching by media, few feel bad for him. Wiedeking had a 17-year run at Porsche, the Stuttgart-based sports car icon which has just failed in its bid to take over motoring giant Volkswagen and will now be merged into the VW group. He took the job when Porsche was on the skids and transformed...
...numbers is the fact that the same multinationals that are Africa's cigarette suppliers are also its benefactors. Tobacco companies have jumped into the corporate-social-responsibility game, doing all manner of benevolent work across Africa and Asia. In 2005, Philip Morris paid $5 billion to buy Indonesian cigarette-maker Sampoerna, a company that was already pouring money into scholarships for local students. British American does similar work in Malaysia, and in Nigeria has devoted 1% of its local profits to improving access to drinking water, health care and vaccines. That kind of largesse buys the companies a measure...