Early Life and Career
Wang Chou-hsiong was born in 1941. In 1971, he founded Feng Tay Enterprises. Eight years later, Feng Tay formed a partnership to manufacture sports shoes for Nike.
Rise to Success
Over the years, Feng Tay expanded its product line to include casual shoes, bags, and sporting goods such as golf balls and ice hockey helmets. The company has operations in Taiwan, mainland China, India, Indonesia, and Vietnam. Wang's unique management style, which included supporting employees and creating a positive work environment, was noted by Nike's founder.
Key Business Strategies
A key strategy has been the strategic partnership with Nike. Feng Tay has maintained a strong focus on quality and technical proficiency in its workforce. The company also emphasizes a transparent compensation system to maintain workforce stability.
Philanthropy
Feng Tay Group, under Wang Chou-hsiong's guidance, has also engaged in community support initiatives. The company established foundations in Taiwan and China, supporting public welfare activities. These initiatives included improving local educational resources and supporting healthcare and social welfare. Wang's commitment extends to environmental sustainability with projects like renewable energy implementation and the incorporation of green building features.