"Alright, alright." Lu Feng couldn't stand listening to these old guys, who were almost sixty, saying such mushy things, so he asked, "Tell me about the marketing department first. What have you been busy with for the past three months?"
Zhu Lidong cleared his throat and said, "The Marketing Department and the Human Resources Department jointly carried out some internal reorganization and optimization, reducing many unnecessary positions. At the same time, they strengthened management of the subordinate publicity, marketing, and planning departments, and removed a number of underperforming employees and managers."
"In terms of advertising, we have achieved market segmentation. The newly recruited staff all have at least a high school education, and 70% of them are vocational school graduates or even university graduates. We have optimized our talent pool, made the team younger, and conducted market research on the users who make purchases."
"In three provinces, our market share has increased significantly, especially in Hebei, where it officially exceeded 25% three days ago. In our own province, it is as high as 43%, giving us absolute control over the local market."
“A month ago, we finally reached a settlement in our dispute in Sichuan, and we reconnected with some of the distributors we had previously worked on. The initial framework of our sales network has been laid.”
Lu Feng nodded. Zhu Lidong's initiative to reduce his workload was a wise move.
"What about other manufacturers?" Lu Feng asked, "Things like product and market positioning."
"There hasn't been much activity in the market, but I've heard privately that everyone is stepping up their research and development of other products. Some are making air conditioners, washing machines, electric fans, refrigerators, radios, amplifiers, and stereos—all sorts of things. I've also heard that many companies are developing combination machines, also targeting the wedding market."
Lu Feng knew about this combination machine; it was a product of its time. It had two large speakers, could play cassette tapes, could be used as a radio, and even had a microphone for karaoke. It was advertised as a home karaoke all-in-one machine.
Many stylish families had them, but they faded into obscurity after only a few years of glory.
"Everyone's holding back their big moves. They're really getting desperate in this fight. It feels like there's no future in relying on a single market. At this rate, it'll be another fierce battle by the end of this year or next year," Lu Feng said, glancing at the crowd.
Those present were terrified when Lu Feng mentioned the fierce battle; it was truly exhausting. During that period, some of them even lived in the office, working non-stop.
“That’s how the market is; your competitors won’t give you much time or opportunity,” Lu Feng said to Zhang Fengxia. “Tell me about it.”
"Everything is as usual within the company. Daily consumables have decreased significantly, but waste is still quite serious. Recently, several middle-level managers have been dismissed due to personnel issues, and several cases of issuing false invoices have been transferred to the police. Internal management is becoming increasingly strict. Fire drills have been conducted in the production workshop and warehouse. Recently, several companies have experienced fires, resulting in serious losses."
"The Panda Factory's contract manufacturing is on track, and the current production capacity is fully capable of meeting the needs. However, if we want to expand the market, we need to make other plans. Some adjustments have been made between the company's departments, but I think the cooperation between departments is still not good enough and they cannot serve the company well. The problem of lower-level managers is more prominent, and we are working on it recently."
"I'll say it again: safety in production is of paramount importance." Lu Feng said to Zhang Fengxia, "We absolutely cannot have any major accidents. Check on me regularly and don't let the people below run wild. If they do, things will go awry over time. I might just go down for a stroll one day and find some safety issues. If I do, the head of the production department will be fired."
The head of the production department was startled. Wasn't he talking to General Manager Zhang? Why was he being fired?
Every time there's a meeting, Lu Feng has to reiterate the importance of safe production. If a major accident happens, Lu Feng won't be able to escape responsibility. Not only him, but all the other leaders in charge of safety production at the company will be dismissed.
Everyone present had been asked, and in the end only the accountant was left. Lu Feng sighed, took out a cigarette from his pocket, lit one, and said, "Accountant, you can speak now!"
"Then let me start with the debt. The total debt is currently 259 million..."
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