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Technology And Its Impact On The Business

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Founded in Taiwan in 1972, today CX technology is a leading supplier in cold forging and plastic injection components and parts. Originally, CX technology produced bullets and bicycle parts, however, this had changed due to shift in consumer demand towards speakers and component parts exclusively. CX Technology had the ability to deliver specific products on time, which earned the firm very significant recognition over the years. They had earned a name for themselves based on their reliability and high quality products, most of their sales revenue came from satisfied repeat customers. In 2007, Chairman Albert Ting had determined that changes needed to be made at CX Technology. He had determined that revenue was reasonably stable, however, the rate of attaining new businesses was not reassuring. CX was a leading supplier in cold forged components for speakers, however, these were a commodity product, and furthermore the supply chain was capable of possibly being consolidated. Ting needed a plan in order to secure CX Technology’s future, he needed to diversify and determine a way to develop the business.
Despite CX Technology blossoming in the speaker production, the company needed a contingency plan. The growth of countries like China and United States in the technology field would lead to the CX sales revenue. CX Technology needed another plan as an added advantage in case the company’s demand reduces. This contingency plan may include the production of new products that

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