For Chinese people, the most important festival is none other than the Spring Festival.
Chen Dong was no exception.
Furthermore, Chen Dong is very fond of traditional culture, especially traditional festivals.
The best way to celebrate a holiday is to have the whole family gather together and enjoy the festivities.
With the New Year approaching, Chen Dong led a group of people away from Yinlongju a few days early and returned to Pengcheng to celebrate the holiday.
With the New Year approaching, Chen Dong gave most people a holiday so they could go home and reunite with their families.
After leaving Hong Kong, Uncle Fu and his group went to another place, while their family members had arrived earlier.
To prevent them from being harassed by the four major families, Chen Dong made special arrangements in another city so that everyone could have a peaceful New Year.
Originally, Chen Dong also wanted Wolong to go back and see his family, but Wolong kept a straight face, didn't say a word, and showed no intention of leaving.
At this moment, Chen Dong only had Wolong with him.
The day after Chen Dong returned to Shenzhen, he convened an annual summary meeting.
All of Longteng Company's senior executives were present, and each of them submitted their prepared annual reports and summaries.
Inside the impressive conference room, Chen Dong remained silent, looking at the documents that had been handed in.
Chen Dong sat in the chair, his eyes occasionally sweeping over some of the people present.
In fact, even inside Hidden Dragon Residence, Chen Dong was still very well-informed about the company's affairs.
The information he possessed was completely accurate, matching the data written in the documents.
Over the course of 1990, Longteng Foreign Trade achieved relatively good results.
The total profit from trade with Russia exceeded RMB 140 million.
During the same period, Longteng Electronics' refrigerators and Walkmans also made significant progress.
Although Longteng Electronics' total profit is less than one million.
The reason is that all the money earned was reinvested in new products.
As Chen Dong looked at the documents, he frowned when he saw this project summary.
Inside the meeting room, everyone was staring at Chen Dong.
Seeing Chen Dong frown, everyone felt somewhat uneasy.
No one knew which document Chen Dong was looking at.
Snap!
Chen Dong threw the documents in his hand onto the desk in front of him.
Everyone's hearts skipped a beat, and they looked at Chen Dong with considerable tension.
At this moment, Chen Dong said, "You've all worked hard all year, thank you for your hard work."
"Boss, you're too kind. This is what we should do."
"Our mission as management is to generate profits for the company."
Chen Dong nodded, then changed the subject, saying, "Overall, everyone's efforts have paid off, with Longteng Foreign Trade being particularly outstanding."
"I hope everyone remembers that working within the Longteng Group, every effort will be rewarded without exception."
"Of course, I've noticed if things aren't going well."
Subsequently, Chen Dong distributed dividends to everyone according to their respective shares.
The employees who received their bonuses were beaming with joy and almost jumped up to cheer and celebrate on the spot.
In addition, Chen Dong also gave each employee a bonus of 1,000 yuan.
The employees of Longteng Foreign Trade each received 10,000 yuan.
Chen Dong's actions caused a huge uproar among the employees.
Everyone in the company knows that Longteng Foreign Trade has been doing very well this year.
However, before this, the employees never expected that if the boss made a lot of money, they, as low-level employees, could also receive more bonuses.
After all, at that time, none of the major companies in Hong Kong offered employee benefits as well as Longteng Foreign Trade in terms of salary and performance-based pay.
Chen Dong's action was quickly spread by word of mouth among his employees, family, and friends, and then to the outside world, and even to the entire city of Shenzhen.
For a time, many people wanted to switch jobs to Longteng Foreign Trade.
Even for the lowest-level office movers, there are plenty of people waiting in line.
Water can carry a boat, but it can also capsize it; a company's ability to train employees is not a real skill.
Being able to retain employees, attract technical personnel, and manage your employees well are just the basics.
However, the real skill lies in getting employees to willingly generate excess profits for the company.
Chen Dong is throwing money at the problem; how many people can withstand that?
This move not only rewarded the company's employees and boosted their morale, but also created an excellent reputation for the company, killing two birds with one stone.
The company's management team was in a good mood, except for Hua Zi and Lin Zhiyuan.
Although Hua Zi and Lin Zhiyuan each own 10% of Longteng Electronics, the proceeds from this division of shares are not much.
Because the two of them expanded their operations too much, a large amount of capital was tied up and the business was not functioning smoothly, resulting in a profit of only one million.
It's fair to say that Longteng Electronics' profits won't be very high in the short term.
Only when the mess created by the two has been cleaned up will Longteng Electronics truly see huge profits.
Chen Dong originally wanted to give the two of them red envelopes separately.
However, remembering their previous mistakes, he not only didn't give them red envelopes, but instead deducted their bonuses.
The withheld bonuses were immediately distributed by Chen Dong to his employees.
This can be considered a minor punishment to serve as a warning.
Chen Dong hoped the two of them would understand that there would eventually be consequences for making mistakes.
It's impossible to say that if good managers drink and eat meat, then bad managers should also drink and eat meat.
If this continues, eventually someone will feel resentful and start to think, "I'll just go through the motions."
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