A week passed in the blink of an eye, and Jiafeng's rapid profit growth continued. Not only were sales soaring, but the number of distributors also doubled.
It's common knowledge in the industry that several retailers, including Walmart and Carrefour, are locked in a fierce legal battle with Jiafeng. Within a week, Lu Feng injected £18 million into the foundation twice. Money to pave the way must be spent; there's no room for stinginess.
Three days ago, Siemens proposed raising European standards for home appliances, including detailed standards for circuit design, displays, and materials. The biggest difference in the proposed standards is that they are just slightly higher than those of Jiafeng's products.
The news caused an uproar in the entire industry. No one could believe that the high and mighty Siemens would suppress a company like Jiafeng. Compared to Beko's methods, Siemens' approach was simply a matter of lowering the bar. As long as this standard is adopted, even if it is just a guiding document, it will be harder than climbing to heaven for any of Jiafeng's products to enter the customs of EU countries.
Large corporations have their own way of doing things. In just three days, some members of parliament have already submitted relevant bills, and the capital behind them has begun to exert its influence, lobbying more members of parliament to create momentum and push for the bill to pass its initial review.
Carrefour, Walmart, and many other retailers joined in, and the call to phase out the old standards grew louder and louder in a short period of time, as if it represented public opinion. Soon after, various experts, who were lackeys of capital, began to appear on television programs to explain to the general public the benefits of the new home appliance standards and the serious consequences of not raising the standards.
If George was a small businessman adept at manipulating business tactics, then Hermann of Siemens was definitely an entrepreneur skilled at manipulating social rules.
One wave of trouble followed another. Amidst the storms, Jiafeng expanded wildly. At the same time, Jiafeng branches began to be established in several countries, including Italy and the Netherlands. In his recent internal speeches, Lu Feng mentioned more than once the need for a swift and decisive victory.
In 1995, the mobile phone industry was developing rapidly in Europe. Nokia was aggressively seizing the market, and Ericsson, also a European brand, was developing just as quickly. The two companies were locked in fierce competition in the European market, driving down prices again and again, and tensions were running high.
Siemens, on the other hand, is just starting out, mainly participating in the mobile phone industry as a component supplier, and the group also attaches great importance to the communications industry.
At Jiafeng's branch headquarters, the building was bustling with foreigners. Manager Li had come to see Lu Feng several times in the past week. Most of the more than one hundred people who left wanted to come back, but unfortunately, there were no more places available for them, and Lu Feng did not agree.
As for Li Xiaosi, Lu Feng only heard that she hung out with Huang Mao and Gao Biliang, and then there was no further news. There are too many people in this world who lose contact as time goes by, let alone someone whose future is completely opposite to Lu Feng's. It was just a chance encounter at a turning point in his life.
Last time, Lu Feng felt sorry for the female teacher who took the train to the city to work but was dragged into trouble by her cousin. Now, he is much more indifferent to Li Xiaosi. People are just born by fate, swept along by the great waves of the times. Personal choices are as fragile as if they had never made a choice in the face of the choices of the times.
Inside the office, three folders were placed on Lu Feng's desk. Manager Li and six senior executives stood opposite him. This week was definitely a bumper harvest for Jiafeng.
"The number of agents has exceeded 350,000, and the average daily profit this week has also exceeded 10 million pounds. The data is very good. The non-performing loan ratio is a bit high, so we will continue to reduce it. We will make those agents who have made money repay their loans as soon as possible. If they do not repay, we will forcibly deduct it from their payments!"
Lu Feng closed a folder and said, "Starting this week, increase the frequency of activities. It's harder to manage when there are more people. We need to organize more activities for them so they don't have to be idle. For those with poor performance, we should offer more courses or something."
"We've sold too many products in the past week, with a large volume of shipments. Among them, the quality issues have been quite strong. We don't have an after-sales department, so many distributors have accumulated a lot of problems, and there have even been several fights because of this," Manager Li reported.
"Never mind, just stall for time and make them wait. Say there's a shortage of goods or the refund process is too long. Our most important thing right now is to increase the number of agents and increase revenue." Lu Feng flipped through the folders in his hand and said, "From now on, every newly joined agent must purchase a set of products. This is a strict requirement, understand?"
He gave a lot of instructions about things at the company recently. As the number of people increases, this high growth is definitely unsustainable. When the stock reaches its peak, that's when the collapse begins. Lu Feng understands this principle very well, so he wants to harvest all the leeks that can be harvested before the avalanche.
"Okay!" Manager Li nodded, then pondered for a while before asking, "How about we handle things with Siemens?"
"You don't need to worry about these things. Just take care of what's below. Go and get busy!" Lu Feng gestured for them to leave.
"By the way, I received quite a few invitations to dinner parties today, some of which are quite prestigious. Mr. Sean said he hopes you'll attend," Manager Li said as he was leaving.
"I see."
After lunch, several invitations were placed on Lu Feng's desk. One of them was sent by John, and it was still led by the Schroder Group. Last time it was a football theme, but this time it was a technology theme.
The phone on the table suddenly rang, and Lu Feng answered it, "Who is it?"
“It’s me, John!” John’s voice came from the other end of the phone: “You should still attend the dinner tonight. The CEO of Siemens will be there. I invited him. I hope you can get in touch with him and try to avoid such a tense atmosphere for a while. Jiafeng’s current profit situation is very good. Based on the current profit, there is no problem in distributing dividends at the end of the year. As long as you do a good job, the private jet is a small matter. The board of directors is willing to spend this amount of money on you.”
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