Douglas Hsu on business strategy
From Voices Of Success: Douglas Hsu, Chairman and CEO, Far Eastern Group · · ForbesAsia
“Today's success is not just profitability; today's success is market penetration, market stability and sustainability.”
On , Douglas Hsu, Chairperson at Far Eastern Group, spoke about business strategy during Voices Of Success: Douglas Hsu, Chairman and CEO, Far Eastern Group on ForbesAsia.
About Douglas Hsu
Douglas Hsu, chairman and CEO of Far Eastern Group, appeared in a Forbes Asia interview in January 2020. During the interview, he offered advice to younger entrepreneurs, stating that "the younger generation today is less patient" and that while "it's easy to be an entrepreneur," one should "thoroughly understand what you are going to do and what you are getting into." He emphasized the importance of financial discipline, noting that "most times we all take leverage and we leverage too much" and that his group takes "a more conservative approach" to remain "financially sound and less leveraged." Hsu also discussed his definition of success, saying it "is not just profitability" but includes "market penetration, market stability and sustainability." He added that success also depends on whether a company's personnel "are ready for the next generation, the next move, the next leap into the future."