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  • Essay / Swot Analysis of Foxconn

    Table of ContentsOpportunities:Strengths:Weaknesses:Threats:Opportunities:Channel Business Expansion: Foxconn's aim is to make its brand and achieve its own advanced technology. Foxconn has a huge opportunity to grow its business with its expertise in the technology sector. It can serve the healthcare sector by providing innovative healthcare products. Today, mobile and wireless devices also serve as healthcare equipment. By using this technology, Foxconn can easily capture the industry trend. In 2016, Foxconn purchased the majority stake in Sharp Corp. It also bought shares of Toshiba Corp.'s most profitable memory chip business. Capturing emerging markets and products: People are always looking for new electronic products, thereby increasing the demand for the sector. latest goods. With the development of Asian and African markets, Foxconn's goods may encounter the requirements of low monetary value and good quality, which has the advantage of catering to the new market. Increase profits: Foxconn plans to use around 1 million robots in its manufacturing. process. As a leading technology innovator, Foxconn has huge opportunities to increase profits by deploying these robots in the manufacturing sector. These robots will replace human workers in areas such as welding, spraying and assembly. These robots would be capable of assembling around 30,000 devices in an undisclosed time frame. Technical augmentation can help Foxconn reduce their production costs when they started using robots to produce equipment, which can also help them increase their efficiency and reduce their production costs. Strengths: good finances, management leadership and executionSay no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Location: Most Foxconn products are made in China. China has a huge specialized workforce. Using this low-cost labor, Foxconn can assemble a huge amount of products. Huge production capacity: Foxconn has the capacity to deliver a large volume of ordered products at a competitive price and can also provide the best quality products. Since Foxconn has a large number of employees, they can produce huge volumes of products in the shortest possible time. This ability helped Foxconn reach the peak of its success. Keep in mind: this is just a sample. Get a personalized article now from our expert writers. Get a Personalized Trial Strong Customer Reliability: Foxconn has achieved customer reliability by providing the latest technological elements. Generally, Foxconn is very well known among the general public for manufacturing iPhones and other Apple devices, but it also has a large number of renowned clients like organizations Blackberry, Sony, Dell, etc. Weakness: Poor working condition: Although Foxconn has a good image among its customers for providing best quality products, but some allegations of poor working conditions have been published in the newspapers. In China, the allegation against its senior officers that they are trying to discriminate against communist workers, enormous working hours. Dependence on OEM accounts and low profits: Foxconn uses traditional OEMs which have high operating costs for which they cannot make huge profits. This relationship in the electronics supply chain with power leaning towards,.