Industry magnates strategize at CommonWealth's forum
By Ted Chen , The China Post
January 22, 2014, 12:13 am TWN
TAIPEI, Taiwan -- A renowned magazine yesterday kicked off its annual economic forum event, featuring numerous heavyweight magnates of industries who provided their valuable insight into the emerging trends affecting Taiwan's future prosperity.
Stan Shih Proclaims a "new new Acer"
Stan Shih, who had recently came out of retirement to once again take the helms of Acer amid the company's most challenging trials following three consecutive quarters of widening losses, stated that much like the challenges faced by his company, new ways of thinking remains Taiwan's only path out of a persisting slump.
It has been more than ten years since he engineered Acer's first sweeping transition from a manufacturing powerhouse to a technology services provider, said Shih, however, the company is once again at a crossroad, where survival is dependent on whether management is able to reinvent Acer.
The "new new Acer" will be based on the fledgling cloud computing sector, proclaimed Shih yesterday. A new platform, dubbed "build your own cloud" (BYOC), will leverage the company's core strengths of stellar capabilities in its exisitng data storage infrastructure, seamlessly synchronizing data across devices and software platforms, and capitalize on the rapidly expanding electronic commerce-related markets.