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[Foxcong President Terry Gou speech] My understanding of Industrial Engineering (IE)

Foxconn Group, IE will play its three functional pioneering role: the first is performance management; the second is the value of the project; third is the management (including effective use of resources allocation and assessment of resources). machine project
I told you that my son is going to the United States to study. He asked me that I should study that department and I told him to study IE. In my mind mold is the mother of industry and IE is the father of industry. machine project
Now the Chinese government is trying to make the economy a soft landing, which is to let the economy cool down. I quite like the word “cooling down”. The Chinese economy should indeed cool down. It’s like a 1000 meter long running head 1000 meters. If you run at a speed of 100 meters, you must not be able to run the 4000 meters behind you at the same speed. The Chinese government fully understands the problems implied by this economic operation and must therefore let the economy cool down. However, this kind of cooling is not cooling down the industry, especially the technology manufacturing industry. The Chinese government has always fully supported the technology manufacturing industry and will still fully support it.
In the future, China will have to move toward full-scale industrialization. China’s economy has to rely on industry to embark on a prosperous road. The foundation of industry lies in manufacturing, and the root of manufacturing lies in design and innovation. Therefore, we believe that the promotion work of this year’s technical committee must start with IE. We have conducted fruitful cooperation with Tsinghua University on the curriculum construction, talent training and system introduction of industrial engineering. The colleagues from the Industrial Engineering Master Program of the Group of Tsinghua University also came to join us today to applaud them! I told the President of Tsinghua University and Mr. Gu that we must cooperate with us to open a doctoral class a few years after we started the IE Master’s Program! So everyone in the master class is here. In the future, your colleagues will be the most promising industry elite in China. machine project
In the future, we will organically integrate the IE grades and the management grades, which will be of crucial help to the Group’s acquisition of relevant talents in the future. Only with such a talent base can we fundamentally improve the efficiency of industrial banks. Of course, when it comes to industrial manufacturing, whether it is good or not, the automotive industry and the electronics industry must eventually rely on industrial projects to improve efficiency and win competition.
There is no profit from anything today or in the future. We have entered the era of low profit. With the development of information technology, any technology will be quickly imitated. Unless you have high technical barriers, you can’t keep profits. Further, even if you have patent protection in the future, you must overcome the competitors in the efficiency of manufacturing and services because the upgrading of technology is developing at a tenfold speed. The essence of competition is nothing but the efficiency of design, the efficiency of innovation, the efficiency of manufacturing and service. So I am very grateful to Dr. Chen Zhenguo for coming to the company to train IE talents. I also believe that the people who study industrial engineering will be the most precious talents in China. Therefore, I hope not only that today’s IE master’s program will expand to handle the future should also set up bachelor’s classes, doctoral classes, I will go to Tsinghua University and other related institutions. machine project
It is most appropriate for Foxconn to play the role of a corporate school that nurtures industrial engineering talent. This is because the practical opportunities offered by our industry in the engineering areas are incomparable in other places. Here you can learn to use the theory for practice and practice experience for revalidation. You will experience failure. You will be motivated to succeed. Your accomplishments will surpass your peers. Just as a doctor does not cure a few people, he will not become a famous doctor. I tell you that the six science and technology parks at Foxconn are the stage for you to learn. I also asked Dr. Chen to ask him to several foreign professors from the United States to get a few foreign monks to (although they are not necessarily the Scriptures) tries to get them to open international classes taught in English so that our country is not only a master of IE talent and Is a leader in the international industry. machine project
I’m very encouraged to do things. It’s one thing that you can really learn to apply it in industrial practice. To have the power to dribble through stone is to start from the basics of IE, whether you are doing low-tech or high-tech is the same. From general industrial technology to aircraft manufacturing to aerospace engineering, IE is all-encompassing. In particular, IE is more important in competitive industries. In the low-profit era, IE will become the source of competitiveness. I hope that in the future in China’s science and technology sector in China’s manufacturing IE, Foxconn IE and IE department who can become the most important wave of competitive forces, occupied the Chinese science and technology in manufacturing the most competitive one position. Everybody says it’s OK! (Applause) machine project
This is definitely not an idiot’s dream, because we will get people’s whips and get the first point. China has just begun to focus on efficiency. Domestic manufacturers such as Lenovo, TCL, and Haier have only recently entered the market. The WTO has only just joined the two years, and the cruelty of domestic industry competition has been different. The future of a monopoly industry that used to be protected by the state to protect the license is bound to be sad. In the past, the Taiwan area was also protected for 30 years. As a result, the wheel could not be made. After introducing competition, everything can be done. In order to achieve leap-forward growth in the industries of the mainland today, we must remove the umbrella and let the market’s hands push forward the progress. For example, if the mainland communication industry can maximize the opening of mobile phones, the price of mobile phones will be reduced by half, and half of the call charges will be reduced. The market cultivates its maturity by relying on transparency and competition. China’s leaders are very clear about this point today, so opening up, competition, efficiency, and low profit will become the norm for China’s industrial survival in the future. The management innovation brought about by industrial engineering will help China’s industries to truly advance the road of innovation in technology, quality, cost, and service. The dream of China’s new century world factory will no longer be far away. machine project
I told you that my son is going to the United States to study. He asked me that I should study that department and I told him to study IE. In my mind mold is the mother of industry and IE is the father of industry. Mother gives you the foundation for your father to give you a strong space. So I asked the group to promote IE must achieve three major functions and effectiveness. The first is performance management. The second function is called value engineering. What can I do to make it more valuable? Is there a better way to spend less time? I often say first is to copy the second is to study the third is to innovate the fourth is the invention. In the future, IE will merge with the grades it manages, and all those who manage will only be unqualified if they only view the issues from an accounting perspective and do not have an IE background. The people who manage the system will be able to “promote” in the future. Without the IE background, I will not be able to pass this level. The third function of IE is business management, including resource allocation assessment and effective use of resources. What are the future resources? Time, talent, and technology. The role of IE is to do more with limited resources. In terms of time, the time of high-order and key manpower is a resource; in terms of talent, the key talent is a resource; in terms of technology, basic technology and innovative technology are resources. Time, talent and technology constitute the capital and source of our competitiveness. Together, they create the five competitive products that Foxconn sells: speed, quality, engineering services, flexibility, and cost. These five competitive products are all closely related to the role of IE (Industrial Engineering).
The content of my words today is only to express one meaning that is IE is very important. The three functions of IE are different. If you can learn, learn and learn, then I believe that you will not only become a qualified director but also become a general manager with great managerial ability. In the future, I will choose to have an IE education background when choosing an outgoing general manager candidate. Thank you!  machine project

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