Everyone present could sense that the era of large corporations had arrived. If the transformation from a cannery to a children's food factory was a huge change, it represented a substantial shift in how businesses operate.
Then, the company will undergo another round of changes, especially with the increasing amount of capital involved. Ensuring shareholder satisfaction and the company's development according to Lu Feng's vision will be a difficult choice to make while balancing the interests of all parties.
This is also why many companies, after becoming conglomerates, quickly went downhill within a few years. What is capital?
Capital doesn't care about your long-term development. It invests 100 million, hoping to get back 1 billion tomorrow, even if the company is abandoned by the market. Even so, the other party will not hesitate to cash out.
They have no feelings, no dreams. If you talk to them about the future, industry development, becoming number one in the industry, or research and development, they don't care at all. All they want is money.
Lu Feng must ensure that the company's valuation continues to rise. Even if it is not listed, investors must see growth. Losses are acceptable, but the industry must expand to continuously increase the company's valuation, so that shareholders can sell their shares at a high price as soon as the lock-up period expires.
Lu Feng, the head of the audit team, requested that people be poached from various tax bureaus. He offered high salaries, but these people had to be experienced, and even the most skilled accountants who could falsify accounts could not escape their notice.
At the same time, the power of the heads of subordinate enterprises should be restrained, and we should learn to cultivate capable, daring, and willing talents, starting with a rotation system in some less important wholly-owned subsidiaries in the industrial chain.
The head of the company is evaluated every two years, and the results are recorded in his personal file and sent to the group headquarters. This model will be expanded in the future, all the way to the top level.
What Lu Feng wanted was to instill a sense of crisis in the people present. He didn't want them to become presidents, general managers, or heads of departments, forming cliques and gathering a group of capable people to do his bidding, so he could stay in his position while he slept all day.
The rotation system can greatly prevent cliques from forming, and the two-year rotation also gives other vice presidents an opportunity to showcase themselves!
The meeting lasted the entire morning, covering topics ranging from the domestic home appliance industry's situation next year to the outlook for the international trade market, as well as the pager market.
Lu Feng believes that 1994 will not be a year of explosive growth in overseas trade of home appliances, but it will definitely be a year for domestic home appliances to go global. It is a brand new starting point and an important year for planning for the future.
Missing this opportunity means missing a golden chance to compete in the global home appliance market in the future. Lu Feng emphasized that with the formation of a group-based model, it is crucial to focus on implementation and ensure strong execution capabilities. The group headquarters cannot issue orders while the subordinate companies act haphazardly.
It was already noon, and everyone present was getting hungry. Lu Feng addressed the crowd, saying, "One last piece of advice: with our two factories, plus our branch offices, holding companies, and so on, we have nearly 50,000 employees. If you add up all the distributors and other things, the number of people we cover is no less than 100,000."
"How about we set up an internal media outlet? Mr. Wei, please plan this out and come up with a proposal. That's all, meeting adjourned!" Lu Feng stood up, straightened his clothes, and walked outside.
The folders in everyone's hands were already filled with writing. Feng Zhiyao yawned, looking slightly dazed. For more than three hours, Lu Feng had been talking non-stop, and he didn't even have a single manuscript in his hand. Just based on this, Feng Zhiyao couldn't do it.
He could tell that Lu Feng was very similar to his father. They were like the same kind of people, always full of fighting spirit. Even though Mr. Feng was nearly eighty years old and had health problems, he still didn't need a script when he held meetings, and would even slam his fist on the table when he got angry.
On the way to the cafeteria, a passerby whispered to Liu Cheng beside him, "Don't tell anyone about the R&D company's budget, understand?"
"Understood!" Liu Cheng said in a low voice.
Today, some industry newspapers are still debating the profit-sharing between trade agents and manufacturers. A group of people are defending export trade agents, believing that they help companies develop, expand new export channels, and reduce overseas risks.
Another group believes that manufacturers are the foundation, representing the working class, while trading agents are more like landlords or middlemen who monopolize mature products through distribution channels and exploit them for high profits, which is not suitable for industrial development in the long run.
The dispute between Jiafeng Electronics and Guangfa Trading Agency has been put to rest, while the onlookers have started fighting.
This morning, the municipal government sent invitations to all invitees to the high-level forum, and the venue has been arranged in the largest banquet hall of the Jianguo Hotel.
There weren't many people this time, less than a hundred at most, making it a small gathering. However, all the major local media outlets were promoting it, and there would be a live television broadcast on the day.
Each has its own plans. Shenzhen wants to set an example and use various activities to tell businesses across the country about its business environment and build a positive city image.
Su Yourong woke up at noon, went downstairs for a meal, and then called the board secretary after returning to her room. She told them that she would be back in a while, the contract had been signed, and now she should cooperate with Lu Feng for the next activities.
After hanging up the phone, Su Yourong called her deputy general manager and asked them to find the heads of those companies, invite them to dinner, book a high-end hotel in Dubai for this weekend, and find some foreigners in Dubai.
Su Yourong still can't figure out what Lu Feng is trying to achieve with all this.
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