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CEO of Acer, originally known as Multitech 25,000 starting capital 11 employees “We will sell anything except our wives” Stan Shih
“A poor man’s philosophy” Encouraged “moonlighting” Offered employees equality Acer 1-2-3 “ The natural entrepreneurial spirit of the Taiwanese” Education Family Foundation
Joint ventures Smaller neighboring markets Microprofessor In 1984, 51 million in sales Singapore, 25% of market by 1986 Second company to launch 32-bit PC Went public in 1987, raised 2.2 billion Growth
Human Nature is essentially good Accountability in all business affairs Belief in placing the costumer first Norm of pooling effort and sharing knowledge Tenth Year Anniversary
Packard Bell and Dell Senior IBM executive $94 million to acquire Altos Increased accountability Layoffs Iron-fisted management “by-the-numbers” Lavish spending Resigned in 1992 Leonard Liu
Taiwan headquarters- “server” Business units- “client” Not dictate or control CD-ROM drives At least 50% of all Acer products and components be sold outside the Group Client-Server Model and Rebirth