The Longteng Smile Contest has started!

In recent years, under the impact of the epidemic and the turbulent international economic situation, all enterprises have begun to think about transformation to cope with the severe external test.

According to statistics from the Ministry of Economic Affairs, there are more than 1.59 million small and medium-sized enterprises in Taiwan, accounting for more than 98% of the total enterprises, which has reached a new high in the past years. How to adapt to the international situation and move towards steady development is the current issue for enterprises.

The multinational corporation Acer has played the role of the locomotive for many years, leading the domestic industry forward. As the conductor of the train, Chairman Chen Junsheng believes that no matter whether you are in a new business or a mature business, everyone should maintain the comfort of jumping out circle thinking.

How to get out of your comfort zone?

Chen Junsheng took Acer as an example. For more mature business entities, if they want to innovate, most of them find new business models from the original business entities and develop possible ways. This model is the concept of intrapreneurship.

However, for immature start-up industries, in order to find a feasible business model, you must first find the right niche in the vast market. Even if you find a breakthrough, the process of reaching the goal is still full of tests.

"Start-up companies must constantly improve their product standards to meet international standards, and they must also find the right way to operate. The process of trial and error is very difficult." Chen Junsheng analyzed that start-up companies generally face failure due to lack of sufficient funds, brand halo and lack of experience .

Acer is committed to playing the role of the locomotive, setting up the "Longteng Smile Contest", connecting internal resources and multinational bases, and working with enterprises to break through this problem.

Chen Junsheng, chairman of Acer, said that he hoped that through the Smile Dragon Award, he can learn from the teaching of start-up companies, improve the industrial strength, and move towards modernization and internationalization.

Entrepreneurship means looking at the world and leading new ventures into the global market

Launched in 1987, the Longteng Smile Competition was originally a paper award combined with higher education, and then transformed into a competition to encourage campus entrepreneurship and smart networking with industrial upgrading and economic development. Change to a corporate-focused competition by 2022.

In 2023, companies with potential products or services will be identified through the competition, with a special distinction between the international group and the sustainable group.

In the part of the international group, we look forward to assisting companies that aspire to develop overseas to expand their business overseas; in the establishment of the sustainable group, we hope to encourage companies that provide social and environment-related products or services.

Acer looks forward to joining hands with organizations with potential in Taiwan to move towards a better future through the competition.

"Taiwan is actually a small market, and we hope that everyone starts their business with a global perspective." Chen Junsheng said that the Longteng Smile Competition is not only about injecting bonuses to support start-ups, but also hopes that through exchanges and cooperation, start-up companies and Acer generates links.

For start-ups, with Acer's resources and background, it is easier to develop markets. For Acer, the ideas and thinking brought by start-ups can just stimulate Acer's self-growth.

"Longteng Smile Contest hopes to help products that have achieved actual results to expand the market." Professor Li Dasheng, who is the chief judge of the Dragon Smile Contest, pointed out that Acer provides the resources needed by start-up companies through the competition, and joins hands with entrepreneurs, becoming a trend International, forward and sustainable assistance.

A competition not only stirs up the inherent ideas of the enterprise, but also helps entrepreneurs who want to fight to achieve a win-win situation.

Professor Li Dasheng of Beijing University of Science and Technology pointed out that through the Dragon Award, enterprises can join hands with Acer to go international and move forward sustainably.

ESG Chengxian helps SMEs follow international trends

The World Economic Forum revealed in the "Global Risks Report 2020" that environmental risks have become a problem that the world must face. If there is no positive response, enterprises will bear the brunt.

Driven by the wave of sustainable development, many large companies have taken the initiative to join the ranks of change. For example, Acer has been strategizing on related topics. It has been selected into the DJSI for nine consecutive years, listed in the MSCI ESG leadership index for nine consecutive years, and won the best AAA rating. S&P Global's authoritative international competitions have repeatedly won excellent results.

Not only multinational companies, but also small and medium-sized enterprises are gradually catching up with international sustainable trends and striving to provide good sustainable products and services. Acer hopes that through the Dragon Smile Competition, companies of different sizes can be encouraged to work together on the road to sustainability.

"ESG has become a prominent study, and it is a fact that every leader should be aware of. The current role of enterprises is not only to make profits, but also to think about social responsibility and how to bring positive forces to society." Chen Junsheng said, the scope of social responsibility It is very broad. It is not just a one-time participation in donations and relief, but through a systematic strategy to build a long-term and stable system to provide more good feedback to the society.

"What we think more about is how to give positive power to this society, to be upward, to be good, and to be sunny." Chen Junsheng said that Acer expects the Longteng Smile Competition to play a pivotal role. Through the competition, more and better products will enter the international market. Implement sustainability.

2023 Longterm Smile Contest, registration official website: https://longterm.acerfoundation.org.tw/

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