Chapter 491 Looking Ahead to 1993



"Decentralize power to the heads of various departments, strengthen internal supervision, continue to implement performance evaluation standards, assign responsibility for any problems to specific individuals, prohibit departmental or head-to-head disputes, and absolutely forbid nepotism."

"Our company's reward and punishment system and promotion system are becoming increasingly perfect. This year, we must be bold in promoting from the bottom up, discovering and cultivating talents, especially in the R&D company. We will use external R&D laboratories, cooperation, and external recruitment. I have one sentence: it doesn't matter if it's a black cat or a white cat, as long as it catches mice, it's a good cat."

"At the same time, we should care for our employees, enhance their sense of belonging, and create an atmosphere where they feel at home and proud of the company, and take pride in being a 'Jiafeng person'."

"Furthermore, the challenges this year are funding, market, and product issues. The expansion of so many departments is to support research and development. We may lack money, but we are not short of funds. We will never lack funds for research and development. The expanded departments are tasked with making money."

"This year, we will launch several new projects and collaborate with entertainment companies in Hong Kong to provide exclusive, high-quality content, including songs and films. We will strengthen our content offerings. Product upgrades are our pain point, so we need to work hard on content to make up for our shortcomings. This is the way to survive."

"At the same time, we need to strengthen brand promotion. In just one year, Wepuda has covered more than 300 million people, which has created a stereotypical brand image of being low-end and cheap. This year, we need to improve this aspect to prepare for the next product upgrade and increase the unit price of the products."

"This year's main focus is on entertainment, investing in variety shows such as 'Zhengda Variety Show' and 'Variety Show Grand View,' and bringing in celebrities, including but not limited to undertaking the distribution of concerts, variety shows, low-cost film and television investments, and song releases—doing whatever makes money!"

"By securing product endorsements and cultivating local strength, and by leveraging other factors, signing endorsement deals with influential celebrities at low prices to promote the brand and mitigate the downward trend in television sales."

"Another product this year is the VCD, which will be a key project for the company. It's a product that will disrupt the industry, but I won't go into details."

"Let me summarize: this year has been extremely difficult. Be prepared, and next year is not expected to be easy either. When Jiafeng Electronics was founded, I envisioned it as a groundbreaking company. Such a company is destined to face many challenges, but once we get through the darkness, I believe the sunshine will shine brightly!"

The audience erupted in applause, many with unwavering gazes, while a number of 'clever little devils' darted around, their minds undoubtedly racing.

Everyone wants to travel on a large, more stable ship, but few people know what kind of behemoth this small boat will grow into many years later.

"Next, let's have Mr. Liu from the R&D company tell everyone about this year's work goals." Lu Feng finished speaking and stepped down from the stage.

Liu Cheng went up on stage, first thanking Lu Feng for his trust, then said that he would definitely do a good job this year. He talked about his specific ideas and said that he had already contacted several institutions. He joked that it was good to have money, and that it was easier to talk to those big institutions that he usually ignored.

The heads of each department took the stage to speak. Wei Yandan mainly talked about the development of the talent reserve center, which has introduced more than 600 "talents". These people were full of enthusiasm when they first came in, and they wanted to take charge of a large department and carry out their own grand ambitions.

However, in less than a month, half of them left. After the probation period, there were not even 100 people left. They were then sent to various departments to start working. Currently, there are only seven people left, and all seven of them have entered the junior management level. Five of them are in the R&D company.

Before the Lunar New Year, relying on the company's strength, we recruited nine graduate students, and half of them have already left.

Lu Feng expected this result. The more high-end the talent, the less attractive the private economy is now. Fortunately, the number of universities cooperating this year has increased significantly.

In the coming years, due to the reduction in the number of places available, these universities will increasingly cooperate with companies like Jiafeng Electronics, which is an inevitable trend.

The conference lasted until noon. So far, the management team of Jiafeng Electronics seems to be in very good health, especially the senior executives, who are full of passion and hope.

Facing difficulties in this state would make things much easier for Lu Feng.

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