The formation of a corporate culture can be said to be nurtured over time by the business philosophy. The formation of a corporate culture can be said to be nurtured by a long-term business philosophy. The management philosophy of Formosa Plastics Corporation (Formosa Plastics) is summarized as the pursuit of rationalization of all things in a "hard-working and simple" attitude, and the ultimate goal is to "stop at the best". As the objective environment is ever-changing, the fact is that nothing can ever reach the state of "the best", but through the never-ending pursuit of all the people, it constitutes the driving force to promote the enterprise to continuously improve its business performance and competitive conditions, so that the enterprise can continue to develop and achieve the purpose of "sustainable management", and at the same time, based on the purpose of "taken from the society and used in the society", it can continue to "dedicate to the society".
Pursuing rationalization of management with diligence and simplicity In the management philosophy of Formosa Plastics, the spirit of "diligence and simplicity" has always been highly valued. In the management philosophy of Formosa Plastics Corporation, the spirit of "hard work and simplicity" has always been highly valued. The so-called diligence should have different connotations in different times based on changes in objective environmental conditions. In modern society, the meaning of "hard work" should be both the diligent use of brain power and wisdom, while the meaning of "simplicity" should be the simple living habit and the work attitude of seeking truth from facts. For the enterprise's operation, it is necessary to seek truth from facts and the spirit of investigation, through continuous review and improvement, bit by bit to seek management rationalization.
For enterprises, the basic meaning of management rationalization should be to maintain the streamlining of people and things. Any organization that violates the principle of streamlining may lead to the consequences of inefficiency, the potential of the work of the personnel can not be played normally, the handling of affairs is also prone to fall into the mix, the interplay of the two results, the will of the personnel to work that is likely to be gradually negative, degradation of the handling of affairs in the mix will also give rise to shortcomings. Enterprise people and things must maintain the streamlining, just like the human body should avoid fat and bloated, in order to ensure health and flexibility, the reason is exactly the same. The human body to avoid fat and bloated, there must be a moderate exercise and exercise, the enterprise to maintain a healthy and flexible physique, also through the people and things can only be achieved through the streamlining.
The never-ending pursuit of excellence.
During the decades of operation and development of Formosa Plastics Corporation, and in the endless pursuit of management rationalization, I have y felt the importance of "stopping at the best". Even when trying to properly handle a matter in general, so that all parties concerned can feel reasonably satisfied, or training and cultivating the employees of a company so that they are equipped with the right attitudes and relevant intelligence, it is necessary to go through attentive thinking, planning and implementation in order to reach the ideal level. To achieve the ideal degree, not to mention the internal personnel problems involved in enterprise management, coupled with the rapid changes in the external objective environment, must be properly adapted to respond to stabilize the business foundation, the work is very complicated and arduous. Therefore, the rationalization of business management must be a never-ending process of painstaking cultivation in order to strive for excellence and to achieve the realm of "the best of the best". We believe that the more we pursue knowledge, the more inadequate we feel; the same is true for our work, the more diligent we are, the more we feel that our work is not perfect and that we must work harder. In other words, if you do not pursue knowledge with all your heart and soul, you do not know that you are not serious enough. The only way to establish a correct business philosophy is through practical experience and the pursuit of the heart, never to be satisfied with the status quo, and to break through the status quo through continuous efforts to improve, and to seek innovation and development.
Committed to sustainable management, is the sacred duty of the enterpriseCommitted to sustainable management, is the sacred duty of the enterprise
Basically, of course, the pursuit of profit is indispensable to the enterprise operation, and the lack of profit is not only the lack of prospects for the development of sustainable development of the kinetic energy, and may even be difficult to be sustained as a result of this predicament. But on the other hand, the enterprise's operation can't just focus on the immediate operating profit and be satisfied. To society, enterprises should not only endeavor to provide inexpensive and quality products in order to contribute to economic development, but they should also be able to take care of their employees, so that they can live a stable life without being displaced from their homes while working hard. In this regard, it is not only the basic ideal and desire of the business owner, but also a sacred duty for the enterprise to strive for sustainable management. Once an enterprise must pursue sustainable management as its goal, it must think y about its concepts and practices. On the level of enterprise management methods, for the operation of all matters involved, must continue to seek rationalization, and formulate feasible rules and regulations, so that the operation of all matters have a clear basis to follow, in order to enhance the quality and efficiency of work. In order to carry out this rationalization of business management, managers must be realistic in all matters, with the understanding that "a penny for every effort, a penny for every gain", and "stopping at the best" as the ultimate goal, and continue to endlessly seek to implement. Generally speaking, as long as one is willing to think and explore seriously, it should not be difficult for one to understand the importance of the above mentioned business management and strive to put it into practice. However, as the saying goes, "It is not easy to start a business, and it is also difficult to keep it going". It is certainly difficult to start a business, but it is not easy to keep a business that has already been accomplished, and to keep it going so that it can continue to grow and not fall. As far as human nature is concerned, generally speaking, when we feel that something is lacking or insufficient, we will pluck up our courage and will to strive for it. However, once the goal has been achieved, has been successful, the attitude will tend to be conservative, and even some laxity and idleness, so as to trigger the crisis of the decline. Therefore, in addition to the above management methods, enterprise management must also take into account the root of the human nature of the problem, planning and implementation of the unit responsibility system, in order to stimulate the sense of enterprise members, in order to promote the power of the enterprise, unceasingly, and then to be able to carry out the sustainable management of the ambitious goals.
Considering the public welfare, developing medical care and educationConsidering the public welfare, developing medical care and education
Along with the development of the enterprise, we have always forgotten our mission of giving back to the society and serving the people, and in line with the principle of "what is taken from the society is to be used in the society", we have successively set up a number of public welfare organizations, none of which is for profit. In 1976, Chang Gung Memorial Hospital was founded, and now has five hospitals in Taiwan***, with more than 35,000 patients daily, making it one of the largest, best-equipped and best-performing general hospitals in the Far East. During the development of Chang Gung Hospital, it has also set many precedents in the medical field, and has greatly improved the habits of medical care in Taiwan. For example, the ban on acceptance of red packets, the abolition of hospitalization deposit system and other bad habits, while achieving a comprehensive institutionalized, computerized management, creating a new model of hospital management.
While establishing Chang Gung Hospital to help the sick, Taiwan's social welfare is still inadequate, and the care for the elderly, vegetative patients, and the chronically ill falls far short of that in advanced countries, plus the quality of the private sector varies, and the fees are too expensive. Therefore, we began planning for specialized care facilities for the elderly, chronically ill and vegetative patients many years ago, complemented by the experience of the Formosa Plastics Corporation in plant construction and management rationalization, as well as Chang Gung Hospital's years of accumulated medical technology*** to seek better care for the elderly, chronically ill, and vegetative patients in Taiwan, who have been neglected for so long. For example, a nursing home for vegetative patients, a chronic hospital for the chronically ill, and a cultural village for the elderly are currently under construction, with the goal of providing these patients and the elderly with good quality services at a low price and good life care, and at the same time promoting the Taiwan government and the community to pay attention to the elderly and the chronically ill.
Enterprise operators must continually improve their pursuit of goals in order to continue to self-promote and maintain good business practices for sustainable development. We y feel that, therefore, while pursuing profits, enterprises should also take into account their contribution to society. Once an enterprise is able to take into account its responsibility to contribute to society, it will always have an ambitious goal to pursue with dedication and will not slacken in its efforts. This is the reason why Formosa Plastics has continued to invest in education and medical services, and to expand its scale and improve its efficiency and quality in spite of its success in business.
Aggregating the actual experience of Formosa Plastics for more than 50 years, we have our own experience of the so-called corporate management strategy, which is generally regarded as the most important. Based on the experience of Formosa Plastics Group over the past 40 years, the so-called strategy is a way to respond to the objective business environment and the subjective desires of the company, and to take various measures that are deemed to be appropriate in order to facilitate the achievement of the goals that are being pursued, which is, of course, important. However, in the course of Formosa Plastics' development, it has not been emphasized too much. Basically, we have always believed that a company's operation should be based on providing substantial benefits to the people it serves, and even on contributing to the community, in order to fulfill the full significance of the company's existence and development. In order to realize this meaning, an enterprise must do its best to provide good products at low prices through the pursuit of management rationalization. In order to carry out the pursuit of management rationalization goals, all the people involved in the operation, things, things, must be explored bit by bit, as far as possible to eliminate all the occurrence of waste, remove all the obstacles, and then envisage the search for all possible ways to enhance efficiency. All of this and other work in the daily operation should be persevering, perseverance to implement.