Before 1982, Guo Taiming had more than 700,000 yuan borrowed from his father-in-law by his rich second-generation daughter-in-law. He once made a small achievement by producing black and white TV, and earned more than 2 million yuan in three years. In that era of relatively backward economic development, Guo Taiming was already a successful example. Guo taiming is a business genius.
On the premise of running the company well, he saw new opportunities, and his desire for assets made him not satisfied with simply making knobs. In 1980s, with the rapid development of electronic information technology, he set foot in the computer industry without hesitation. At the beginning of his business, Guo Taiming once stayed in an extremely humble hotel for five days in order to get an order from an American company, and only ate two hamburgers every day. After five days of anxious waiting, the client sympathetically allocated him a five-minute meeting time.
Sometimes, due to the lack of excellent machinery and equipment, the products manufactured can not meet the needs of customers. On the one hand, Guo Taiming denounces the incompetence of employees, on the other hand, he will personally take people to visit his customers to apologize. He doesn't care about the iron shelf of his chairman.
However, even if Guo Taiming puts down his face, American companies still have doubts about Hon Hai's strength, and there are really not many orders. The courage left by Guo Taiming when he joined the army was that he would never let go of the cake in the American sales market. 1985, in order to better meet the needs of the American market, Guo Taiming set up a branch in the United States and took a foreign English name "FOXCONN", which is Foxconn.
In order to work for Foxconn, Guo Taiming's contribution goes far beyond this. He is the first person in Foxconn. According to the survey, he is the first person in the company to go to work every day and the last person to leave work every day. Sometimes even if you come out to talk about business and fly back from other places at night, you have to go back to the company to work overtime before you can go home. Usually it's midnight when he gets home, and it's time to go to the company after a short sleep. In the more than ten years after the company was founded, the average working hours of Guo Taiming exceeded 15 hours per day. He is too involved, not afraid of death, and the feedback is obvious.
Foxconn's business processes, from motherboards, video game consoles to RF connectors, quickly opened the market with the advantages of "large quantity" and "low price", and have continued to grow at an average rate of 20% since then. In its steady development, Foxconn achieved an annual salary of 654.38+0 billion RMB, which made Guo Taiming, who is ambitious and dare to fight, more eager to try. With the reform and opening up in the mainland, he turned his attention to the Shenzhen Special Economic Zone.
If Guo Taiming and his "OEM Kingdom" 1982 are the beginning of Guo Taiming's success from the trough and heavy debts, then 1988 is the beginning of Guo Taiming and other Foxconn's peak. 1988, Guo taiming went to Shenzhen alone with his assets. He bought 500 acres of mountain with a stroke of the pen. Before long, the mountain had a brand-new name-Foxconn factory.
Foxconn has put forward a recruitment position with a monthly salary of 200 yuan higher than that of middle school principals. In the early days of China's reform and opening up, many hardworking farmers who were not afraid of hardship and were in urgent need of making money chose to join Foxconn because of their high wages. Guo Taiming still remembers that most of Foxconn's first generation workers were farmers. They have a strong impulse to make money, and they especially like to work overtime. Everyone wants to get 1.5 times the overtime pay, work for more than 8 hours, and even want to get twice the overtime pay on Sundays.
In such an atmosphere where employees expect to make money, the high efficiency of cheap labor makes the original factory scale gradually unable to meet Foxconn's innovation needs.
Only five years later, Guo Taiming can point to Longhua area near Shenzhen without pressure and say to the government officials who came to see the land with him, "I want all the land resources I can see." Longhua Science and Technology Industrial Park, which covers an area of 1.500 mu, has since come out, and Foxconn's global OEM operation scale is becoming more and more perfect. Then Foxconn cooperated with BIM and Intel, and continued to strive for the OEM right of Apple's near-monopoly market, following Apple's footsteps and becoming an OEM tycoon. In 200 1 year, Hon Hai Group achieved operating income of NT$144.2 billion, becoming the leader of large private enterprises in Taiwan Province Province.
By 2002, the operating income of Hon Hai Group had doubled to NT$ 345 billion. Guo Taiming has built a "OEM Kingdom" including mobile phones, display screens, PC system software, motherboards, computer hosts, LEDs, wireless routers and other industries, and connected a detailed high-tech industrial chain. Guo Taiming, who has billions of personal wealth, is a low-key boss in private. He never drives a luxury car or wears a famous brand. Even the office desk is made up of multiple dining tables with a small alarm clock on it. It has been used for more than ten years.
He lives and works frugally, but he is generous in giving back to the society. Guo Taiming established the Yongling Foundation, a charity in Taiwan Province Province, and has continuously invested nearly 100 billion yuan in medical, cultural, educational, scientific and technological industries.