CityU Alumni Relations Office (ARO) arranged a seminar named “The way of live under the Changing World” (「變動世界的生存之道」) in the Eminence Galaxy Alumni Function Room on 17th Feb 2017. ARO invited Dr. Stan Shih (施振榮), Co-founder and Honorary Chairman of Acer Group and Chairman of Stans Foundation to share his management under the theme “New Era˙Heart of King’s Way” (「新時代˙心王道」). Prof. Way Kuo and Dr. Stan Shih took a photo before the seminar.
Prof. Way Kuo gave a welcoming speech and introduced Dr. Stan Shih background and his sustainability business management.
Dr. Stan Shih was our guest speaker and he explained what the heart of King Way is. He said King’s Way (王道) is the leadership of organization. He added King Way is not Overbearing (霸道) but it help to create value for customer and balance interests of stakeholders.
Dr. Stan Shih said King’s Way is the up-to-date management philosophy and strategy thinking. King’s Way is the way of leadership. He analyzed eastern and western business idea that Eastern was mainly on coexistence but western was winner taken all. So that he purposed three ways (天道、地道、人道) that were sustainable business, creating value and interest balance.
Then he introduced the six side values included Explicit (顯性) and Tacit (隱性). He said not only focused on form, direct and present but should focus on formless, indirect and future. He also added the thinking of King’s Way was Altruism (利他主義).
After that Dr. Stan Shih raised that the organization culture and value were most important to sustainable business development and he named it as “King’s Way Culture”. He shared the King’s Way Method (王道心法) included leadership believe, Strategy Thinking and Creating Value Tactic.
The following two slides stated the bottleneck of Chinese traditional culture and people blind-spot.
Dr. Stan Shih discussed the smile curve that it should be either focused on R&D (e.g. IP) or focused on Brand & Service. Both sides are high value-added. He predicted the vertical division of work / process / value chain would be higher value-added than horizontal integration based on scale and cost effective.
Finally, Dr. Stan Shih concluded that the winner in Globalization either is the higher effective integration of the best resource in the world or the leader of specific field that was the best choice to be integrated. And he shared Acer’s three revolution stories to us.
Q&A sessionDr. Stan Shih discussed the electronic purchasing platform and he said that customer now faced many suppliers during use of platform. The strategy of platform provider was to create value with all stakeholders. Now, we faced to platform competition that meant “Ecosystem to Ecosystem” competition. Dr. Stan Shih said from 0 to 1 needs creativity but from 1 to 2 or 10 which needs professional management for scale up.
At the end, VP of CityU presented souvenir to Dr. Stan Shih.
Reference:CityU ARO - http://www.cityu.edu.hk/aro/main/