I Become a Chaebol in Korea: Unique Insight

After experiencing a tragic car accident, Liu Zhengjie, whose ancestors were from China and who was now an ordinary Korean worker, woke up to find himself the eldest son of the powerful Korean chae...

Chapter 210 This kind of person is of no benefit to the company

On this day, under the leadership of President Qiu Guangzhu, people from DS Electronics' mobile phone department came to report to Park Jin Hyuk.

However, from the very beginning, Park Jin Hyuk had a stern face.

He looked at President Qiu Guangzhu and found that the value on this person's head was still very high.

"You mean the price can't go down any further?"

Qiu Guangzhu glanced at Executive Director Wu Taicheng beside him.

Before coming, Wu Taicheng told him that the price of new products must not be lowered. If the price is lower than that of competitors, it will not be conducive to creating flagship products, and will affect the launch of product series.

Qiu Guangzhu did not agree with Wu Taicheng's statement, but he could not ignore his opinion.

Because he is the confidant of Park Kyung-man, the chairman's younger brother and former president of DS Electronics.

President Qiu replied:

"Chairman Park, please reconsider. If DS Telecom cannot assist us in launching this new product, then the entire product line plan may be shelved. We intend to make this new product the company's flagship product."

"I have to buy it for 899,000 yuan (about 4,760 RMB), right?"

Park Jin Hyuk glanced at Oh Tae Sung.

From the beginning of the meeting, Wu Taicheng sat there with his head down and said nothing.

In desperation, Qiu Guangzhu replied:

“If you lower the price of a new product, the product positioning will be affected…it will deviate from the original product strategy.”

Park Jin Hyuk leaned back and crossed his legs.

"President Qiu, is this your idea, or is it the mobile phone division's idea?"

Qiu Guangzhu stopped talking.

Park Jin Hyuk continued:

"Is DS Electronics' performance this year any different from last year? Is it still the home appliance division that's making money, while the mobile phone division is losing money? How long has the mobile phone division been losing money?"

Still no one stood up to answer Park Jin Hyuk's question.

"The losses have continued for 20 quarters, and now the annual losses exceed one trillion yuan. All the money earned from selling color TVs was eventually lost to mobile phones."

What Park Jin Hyuk said was exactly what Choo Kwang Soo was worried about.

After hearing Park Jin Hyuk's endless attacks on the mobile phone division, Wu Taicheng finally couldn't bear it anymore.

“When formulating our new product strategy this time, we hired an external consulting firm.”

"Have you hired an external consulting firm?"

"A third-party perspective is the most objective and can help us identify existing problems."

Hearing this, Park Jin Hyuk seemed to remember something.

"Which consulting firm is this? It can't be the same company that said the era of smartphones hasn't arrived yet, right?"

"It is a very well-known consulting firm in the world and has served many multinational companies such as GE and GM."

"You don't understand yourself, and you have to rely on external companies to figure out your product strategy? Excuse me, where are those two young employees who came with me last time?"

Park Moon-jik replied:

"They weren't of sufficient rank for today's meeting, so they weren't called."

"Could it be that there are some disagreements within the company?"

Park Jin Hyuk has already learned some information through Kim Jun Woo.

"Disagreement? How could that be? DS Electronics is very united."

"Very united? I'm afraid they've silenced the people below."

After meeting Park Jin Hyuk last time, after returning to the company, Agent Kim secretly told others the content of the meeting.

Park Jin Hyuk's opinion resonated with many people.

Therefore, the staff of the mobile phone division recalculated the price of the new product, compared it with competing products, and proposed a more realistic and reasonable price.

However, all the plans and suggestions put forward by these employees were rejected by the management.

As a result, there were more and more voices of dissatisfaction within the company, but they were all forcibly suppressed by the top management.

"There are some dissenting voices within the company, but they are all from young people who don't have a sense of the overall situation and don't understand business operations, so there's no need to pay attention to them."

After hearing what Wu Taicheng said, Park Jin Hyuk shook his head.

"The people inside know nothing, but instead they're listening to the advice of a consulting company? Have you forgotten how much time we lost last time because we followed the consulting company's advice?"

"We made the right decision back then. Following the advice of the consulting firm, we achieved monthly sales of 10 million units while other companies were developing smartphones."

"Because of those few months of good times, have you forgotten the ten years of pain that followed?"

“Even if we go back to the past, we will still formulate our strategy according to the consulting firm’s plan.”

"If that's the case, then there's nothing to talk about."

Even after Park Jin Hyuk said this, Wu Taicheng still showed no intention of giving in.

He was angered by Park Jin Hyuk's words. In his opinion, Park Jin Hyuk was just a young man who was ignorant of the world, while he had decades of experience in the mobile phone industry. In this industry, he had eaten more salt than Park Jin Hyuk had eaten rice.

Park Jin Hyuk saw what he was thinking.

"Keeping such a person here will do no good to the company."

Thinking of this, he asked again with a smile.

"You mean, you can't lower the price of new products, right?"

Wu Taicheng seemed to sense something strange from Park Jin Hyuk's tone.

"That's not what I meant. I wanted you to change your perspective and reconsider our plan."

"What plan?"

Wu Taiben planned to let Park Wenzhi report these specific contents to Park Zhenhe.

But Park Jin Hyuk kept asking him questions, so he had to speak directly.

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