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Women Entrepreneurship Case Study: Cher Wang

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Women Entrepreneurship Case Study: Cher Wang

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Women Entrepreneurship Case Study: Cher Wang

  1. 1. Women Entrepreneurship Case Study: Cher Wang Presented By: Darshna Barman (2012MB91) Durgesh Kumar (2012MB88) Praveen Kumar (2012MB90) Suresh Kumar (2013RMS04) Versha Yadav (2012MB89) (c) Durgesh Kumar 1
  2. 2. “If you have a vision, no matter how difficult things are, everything just becomes a process.” — Cher Wang (on her view of the hand-held device’s future after the early 2000s) (c) Durgesh Kumar 2
  3. 3. Cher Wang Born September14,1958 Taipei, Taiwan Occupation Co-founder and chairwoman of the HTC corporation Education She studied economics at UC Berkeley, receiving her Master's degree in 1981 Family Life Her father, Wang Yung-ching was another successful entrepreneur and founded the Formosa Plastics Group. She is married to Chen WenChi, President and CEO of Taiwan-based computerhardware Co. VIA Technologies. (c) Durgesh Kumar 3
  4. 4. Cher Wang’s View on Entrepreneurship “As entrepreneurs, we must continue to ask ourselves What’s next? It takes humility to realize that we don’t know everything, not to rest on our laurels and know that we must keep learning and observing. If we don’t, we can be sure some startup will be there to take our place.” (c) Durgesh Kumar 4
  5. 5. Cher Wang: Professional Life She was hired by First International Computer in 1982. Wang and others founded VIA in 1987 & 1997, at the age of 39, she launched HTC along with associates HT Cho and Peter Chou In Cher Wang’s Leadership HTC designed the first Microsoft 3G phone in 2005 & In 2008, first smart phone that used Google’s Android mobile operating system with T-Mobile (c) Durgesh Kumar In May 2011, Forbes ranked her with her husband as the wealthiest person in Taiwan, with a net worth of US$8.8 billion 5
  6. 6. Corporation  Founded in 1997 by Cher Wang & Peter Chou  Began mobile device development in 1998 with first significant launches in 2000  Since 2006, HTC has regularly introduced many critically acclaimed mobile devices under their own brand, and their portfolio includes smartphones and tablets powered by the Android and Windows Phone operating systems.  Under Wang’s leadership, HTC has grown into one of the biggest players in mobile tech.  HTC has often been cited among the fastest-growing and most innovative brands in mobile. (c) Durgesh Kumar 6
  7. 7. ’s Triumphs  2000: made one of the world’s first touch screen phones- Palm Treo650.  2008: built the first Android Phone, the T-Mobile G1.  2009: came up with the HTC Sense UI  2010: was one of the first to create the “Hummer” (to quote Steve Jobs) is a reference to the 4” large screen phones- the famous HTC EVO 4G. (c) Durgesh Kumar 7
  8. 8. (contd...)  2011: was named the "Device Manufacturer of the Year" by the GSMA at the Mobile World Congress; its market value surpassed that of Nokia to become the third largest smart phone maker in the world.  HTC entered a strategic partnership with Beats Electronics by acquiring 51 percent of Beats shares.  In 2011 Q3, HTC Corporation became the largest smart phone vendor in the U.S. by 24% market share, ahead of Samsungs 21 %, Apple Inc. 20 % and Blackberry's 9 %.  In 2012, HTC adds to the richness of the mobile universe by launching the HTC One line for Android and the Windows Phone 8x. (c) Durgesh Kumar 8
  9. 9. Learnings of Cher Wang         Quick decision making ability. Sticking to the work until it accomplish. Believe in God. Don’t under estimate anyone. Balance between corporate life and family life. High dreams. Look is not much matter. If decided something never waver from it. (c) Durgesh Kumar 9
  10. 10. Achievements  Wang was selected as an Innovator in the 2005 by Stars of Asia and was named as one of the ten executives in Asia.  Wang is an Industry Partner at the World Economic Forum.  In 2010, Wang co-founded the ABAC Women’s Forum to identify capacity-building policy recommendations that enhance opportunities for women in business. (c) Durgesh Kumar 10
  11. 11. (contd...)  Wang was listed as ‘Most Influential Women in Technology’ in Fast Company’s list of 2011.  In 2013, she was named ‘the most powerful woman in wireless’ by Forbes and was ranked 46th on Fortune’s annual ‘most powerful women’ list. (c) Durgesh Kumar 11
  12. 12. Philanthropy  In 2011, Wang donated US $28.1 million to help Guangzhou Forerunner College, a charitable college in southwest China set up by VIA Technologies‘ non-profit Faith-Hope Love Foundation’ to provide education to students from low-income families.  In August 2012, Wang donated 6,000 HTC Flyer tablet PCs to 60 high schools in Taipei.  Wang has also made significant donations to the University of California, Berkeley, and also provides funding to support The Berkeley-Tsinghua Program for the Advanced Study in Psychology. (c) Durgesh Kumar 12
  13. 13. References  investing.businessweek.com/research/stocks/people/person.asp?  www.thomaswhite.com/.../cher-wang-chairperson-and-co-founder-of-htc...  blogs.oregonstate.edu/rachelwhite/cultural.../biography-of-cher-wang/  www.forbes.com/profile/cher-wang/  www.nytimes.com/2008/10/27/technology/companies/27wang.html?. (c) Durgesh Kumar 13
  14. 14. any query? (c) Durgesh Kumar 14

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