Anecdotes

Legend of the rice shop

Through the experience of running the rice shop, the Wang brothers implemented the methods like strict quality management, the warehouse management concept of first in first out, customer management and vertical integration, and built the management philosophy of FPG from those methods. (FPG, Dec. 30, 2022)

Story of getting to the bottom of things

Mr. Wang Yung-ching believes that a business must be managed starting from the roots that are most often overlooked to find the solutions. Once the roots of problems are identified, everything will become more reasonable and clearer.(FPG, Dec. 30, 2022)

Raising morale is the only way to create synergistic effects

Employees of FPG are diligent and the company gives them relatively high remuneration. As employees understand that their efforts will be rewarded, they work even harder, demonstrating that if companies give employees an appropriate amount of incentives and a sense of involvement, this will bring out their potential and allow them to achieve better performance, which is beneficial for both the company and employees!(FPG, Dec. 30, 2022)

Pioneer in creating high quality healthcare environments

Mr. founded Chang Gung Memorial Hospital in his father's name in 1973. Being extremely "people-oriented," Mr. Wang Yung-ching successfully established a hospital that provides affordable medical care, showing his breadth of mind that by transformed a charitable thought into deeds of great kindness. Even today, the hospital continues to seek innovation and improvement, striving to improve quality of healthcare for the people of Taiwan.(FPG, Dec. 30, 2022)

Business success due to a promise fulfilled

One must maintain trust for a long period of time to become respected, but it only takes one mistake to lose that hard-earned respect. Credibility is a fundamental requirement in everything a company or individual does, and Mr. Wang Yung-ching has always led by example. Even today, people still take delight in his honesty and kindness as an entrepreneur, and how much he valued integrity even as he transformed FPG from the world's smallest plastic plant into a conglomerate with operations across industries and continents.(FPG, Dec. 30, 2022)

New Business Opportunities Created Through Reverse Thinking

FPG always invests in new plants during a recession because that is when land, construction materials, and equipment costs are the lowest, and manpower is most sufficient as this minimizes the cost of plant construction and maximizes profits when the economy makes a rebound. This approach is what is often referred to "reverse thinking" in modern society.(FPG, Dec. 30, 2022)

A successful entrepreneur and a loving son to his mother

After starting his own business, Mr. Wang Yung-ching set up a garden outside his home on the roof of the FPG Building knowing his mother still enjoyed growing vegetables; this allowed his mother to show off her skills and remain in good health with the exercise she was able to get.(FPG, Dec. 30, 2022)

Visionary leader

FPG was also the first company in Taiwan to systematically and comprehensively implement CIS (corporate identity system). Major companies today attach great importance to image and brand, but how many people had the vision in the 1960s?(FPG, Dec. 30, 2022)

Successful development of the sixth naphtha cracker based on experience in bunker construction

As many of his eye-catching achievements are based on previous seemingly unremarkable experiences, it is clear that great things can only be achieved by slowly and steadily adding to a wealth of knowledge and experience.(FPG, Dec. 30, 2022)

The wisdom of FPG's grandma from growing vegetables

Grandma’s invaluable personal traits include diligence, perseverance, frugality and trustworthiness, and a strong will to seek the best solution, and it is these qualities that have profoundly influenced the Wang brothers. With the integration of this philosophy of life into the principles of business management at FPG, it is not surprising that the corporate spirit of down-to-earth practicality and constant striving for excellence has been shaped into what it is today.(FPG, Dec. 30, 2022)

The virtue of cherishing things

Wang Yung-ching's frugality can be seen everywhere in daily life, and has indirectly caused all FPG employees to acquire the habit of cherishing things and being frugal.

Learning important principles from raising geese

If people could endure the hunger and train their willpower when they go through failure or difficult circumstances, they will rapidly grow strong and fat like the geese when given the opportunity.