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Achieving Growth Through Digitalisation

December 28, 2021

The Golden Bull Award recognises Taiwanese SMEs’ resilience

When the global health crisis struck, the Taiwanese government took swift and decisive actions to curb and contain the situation. This has enabled the Taiwanese economy to remain stable.

Even with the movement restrictions being imposed, SMEs there have reported sustainable performances, thanks to the digital technology aspects of their businesses.

The Taiwanese SMEs reaped the benefits of technology as they had already established digital stores and online payment gateways, easily meeting the demands in the new norms. Social media became the primary method of communication with existing customers and promoting their business to potential customers.

For this year’s Golden Bull Award, of the 183 companies nominated, 15 have been selected as winners. They have shown that forward-thinking, adaptability, and resilience are key in sustaining and even achieving growth during the pandemic. These winning SMEs have successfully adapted and evolved their business model and strategies in a challenging environment.

Datuk William Ng, organising chairman of the Golden Bull Award, said: “The common traits of these successful SMEs, who thrived despite the pandemic, are that they have a strong business foundation and were quick to adapt to the adverse situation”.

This year marks the second year in Taiwan for the Golden Bull Awards. A total of three different categories were open for competition, including Emerging SMEs, Outstanding SMEs, and the coveted Super Golden Bull Award, categorised respectively according to annual turnover.

“The Golden Bull Award symbolises ‘Strength and Growth’. This year, it also represents resilience, and the idea that we must not give up, no matter how tough the road ahead will be”, said Ng.

“This year marks an important milestone as its the 20th anniversary for Mikobeaute International. We will continue to develop high quality products while maintaining a stable and sustainable operations. Upholding the highest quality of the brand fulfils the company’s philosophy – ‘Being the top Chinese beauty care group’ – and we will strive to make Taiwan’s beauty-care brands shine on the international stage.” said Sam Lu, chairman of Mikobeaute International Co., Ltd.

點石成金文創志業 Eastgold Co., Ltd. is the supporting partner for the 2021 Taiwan Golden Bull Award while來自火星文娛傳媒 AFM is the media partner.

The Golden Bull Award, the first award for SMEs in Malaysia, was first organised in 2003 by Business Media International. The award has since been expanded into China, Taiwan, and Singapore.

LIST OF RECIPIENTS OF THE 2021 TAIWAN GOLDEN BULL AWARD

SUPER GOLDEN BULL:

GEO Informatics Inc

Golden Insurance Brokers Co Ltd

Mikobeaute International Co Ltd

Taiwan P-MORE Trading Co Ltd

Vetnostrum Animal Health Co Ltd

Vocal Middle Communications Consultants Inc

OUTSTANDING SMEs:

Bai-Chung-Ren Foodstuff Co Ltd

Daily Gold Co Ltd

Herdsman Enterprises Co Ltd