In order to help Taiwan's SMEs to join the international market, and to cultivate the second generation of the successors, the third session of the “Second Generation Courses" opened by CDRI in Taichung for the first time. Cooperating with WeTec International CPAs., the course lasts for four days starting from today (27). The presidential dialogue and the company visit activities will be included and lectures will be invited to share management techniques. The courses are designed for local industries that ran by the second generation, aimed to create an infinite future for the next stage of the industries.
Chairman Tain-Tsai Hsu of CDRI pointed out that Taiwan's SMEs are an important backbone supporting domestic economy. They have accumulated the experiences of nearly 50 students in the previous sessions and found that the biggest problem Taiwanese SMEs are facing now is "inheritance and innovation". After all, it is undoubtedly an important issue to implement new ideas for the businesses that has been run for decades or even centuries. Chairman Hsu further added that in the era of complex, ever-changing and super competitive, it is difficult for enterprises to their leading edge without "transformation" and "innovation". CDRI has successfully coached more than 2,000 companies. The per capita output value of each researcher is expected to exceed 5 million by the end of the year. The second-generation class is based on the mission of the think tank and is committed to helping companies on succession. However, in recent years, the world's new retail, mobile payment, IoT, AI, and other digital technologies are emerging in the wave of the revolution of service industry, all industries need to accelerate the "digital transformation" in response to the new mediocrity - VUCA (volatility, uncertainty, complexity, ambiguity) environment, the competition worldwide is increasingly fierce.
According to Hwang-Jen Chang the Vice President of CDRI who arranged the second-generation course, the British "Economist" report published in February (107), the average age of Taiwanese business owners is 62, the highest in the Chinese region. It also shows that Taiwanese enterprises will face serious succession gaps in the future. The second-generation class in Taichung is specially designed for the bicycle industry in Taichung. The lecturers including President Long-Fa Hsien of CDRI and Deputy Director General Fan-Chan Tai, CEO Hsieh of Wealth Group, CY Huang from FCC Partners, the founder of the Pacific Cycles Mr. Chen-Yi Lin, who are going to introduce the development and transformation of bicycle industry.
The lecturer of the first day is the president of CDRI Long-Fa Hsieh, introducing the “Analysis on the Key of Succession”. The most distinctive part in the follow-up course will be visiting the founder of EP Books Sheng-Yi Tai. The goal is for attendees to learn from the experience of successful entrepreneurs and to form a platform for information exchanging and for the second-generation of business owners to support each other in the future.
