Advantech Wins 2009 Most Innovative Corporation Award

Jan 5, 2010 - Advantech was named the winner of “The Most Innovative Corporation Award”. The selection for the outstanding innovator in China was established by the CEOCIO China magazine and Tsinghua University School of Economics and Management.

During the six-month evaluation period, the organizers publicly requested and collected the nominations for innovative enterprises and the selection results were voted by an award committee composed of hundreds of entrepreneurs, consultants, education experts and media executives. The award committee praised Advantech by stating: “With the most sharp-witted sense of judgment, Advantech has built up a standard intelligent platform in the exclusive and restricted embedded computer industry and clearly understood customer needs in detail as well as the need for unceasing innovation and change”.
Advantech regards the award as a testament to its corporate DNA innovation in product development, marketing, and business management. An important series of innovative ideas have been implemented throughout Advantech, such as developing low-power and low-carbon products for energy saving and reducing carbon emissions, integrating global manufacturing resources and service to meet flexible customer design requirements, and customization manufacturing demands, all of which have driven the revenue growth above 8%. Furthermore, the establishment of its direct marketing organization is creating new sales and service platforms which can serve 80% of the “long-tailed” markets with new technologies. Advantech has enjoyed 26 years of rapid evolution and expansion to become the world's leading manufacturer of industrial computers through innovation and solid implementation. Advantech is pushing itself to contribute even more to the community and undertake greater social responsibility by establishing innovative models of university/industry cooperation and progressive employee volunteer activities.
The Innovative Corporation Award panel started by looking at the advanced processes of those enterprises which yielded significant results in the finance and strategy of their business. Through detailed interviews and market research, CEOCIO China magazine and Tsinghua University School of Economics and Management wanted to discover ideal businesses that have sustainable innovation systems in China and that also pool resources and experiences to share with other corporations who are also looking , China CITIC Bank, Midea Group, and Perfect World Co and others.
For innovative methods. There were three themes which influenced the final assessment, including “The path of business transformation in economic crisis”, "Innovation of the enterprise strategy management", and "Optimized management strategies that enhance business productivity". Finally, a comprehensive evaluation resulted in a clear selection. A total of ten companies received the award, including Advantech.