Traditional industries can do this by embarking on projects that effect the whole organization, namely: beneficial mergers, innovation, plannning competitive niche products, expanding and disseminating marketing bases, competitively enhancing production output and capacity, reducing manufacture costs, cooperating with other companies as union partners, improving the flexibility of captial.
By implementing these measures we hope to see the reinstatement of the icon's of Taiwan's economic miracle to their former glories.
Lee Chang-kuei is the president of the Taipei Times.
Translated by Gatian Wang
RSS