“Kevin is currently in Thailand, where market development is underway and the results are quite good. A few days ago, the total sales of the three products—TVs, VCD players, and pagers—exceeded 20,000 units. It’s truly a string of good news!” Wei Yandan said with a beaming smile. “The Thai branch has also been established, and now we have more than 300 employees.”
Several folders were placed in front of Lu Feng. Lu Feng really didn't expect Kevin to be so efficient, and that he had already made progress.
"Very good!" Lu Feng closed the folder and said, "Now the company's development strategy needs to change. We need to compete domestically and expand internationally. Once the funds arrive, in order to better motivate everyone's fighting spirit, we will implement performance incentives on a departmental basis, set performance targets for each department, and give the department a percentage commission for any performance exceeding the target."
The audience erupted in applause upon hearing this. If this deal goes through, Jiafeng Electronics' salaries will far exceed those of other companies. In terms of attracting talent, Jiafeng has already left other private enterprises far behind.
"We will expand the management department of overseas enterprises and raise Kevin's level. Although he is not here now, the overseas market will become an important engine for us. We must be vigilant about the domestic market, especially the television market. The television market is a huge market and the ballast of the enterprise. We must be sensitive to the expansion of market channels."
Lu Feng looked at Zhu Lidong and said, "Based on market feedback, we need to provide the R&D company with user needs and opinions. The products must be comprehensive, whether in rural or urban markets. Only with diversified products can we cater to a wider range of people. If it's to protect brand power, we can establish another brand."
"President Lu, we've been thinking about this recently: let each of our mid-to-high-end brands create its own brand, so that our marketing department can also be competitive. I'll call a meeting about this, and we'll get it done this year," Zhu Lidong said in a deep voice.
"Okay, and also the R&D company, Mr. Liu, I have the money this time, so you can't let me down!" Lu Feng asked Liu Cheng, "How's the progress of the Ruixin Laboratory?"
“We’ve already sent a team over. The lab has been in disrepair for years, but we estimate it will be repaired in the next couple of days. We’ve also contacted Nokia, and they’ll send a research and development team of about a hundred people.” Liu Cheng looked troubled and said, “They gave me a payroll. The salaries for a hundred people are too high—an average of $50,000 per person!”
These words shocked everyone present.
"Fifty thousand dollars? That's an annual salary?"
"How is that possible? Their monthly salary alone is five million US dollars, which is sixty million a year! That's five hundred million RMB!" Liu Cheng said through gritted teeth.
When Lu Feng heard this number, he knew in his heart that Nokia was trying to sabotage him.
However, a mere 60 million US dollars a year was not enough to scare Lu Feng. He said in a deep voice, "Give it to them! But the people we send must learn something. Send some clever and ambitious people. Remember to sign a contract with the engineers we send. The company can't train them and then they turn around and run away."
"I know that."
"Have the associations and talent reserve centers in the US been set up?" Lu Feng asked.
"We found an American, and everything is registered under his name. At the same time, we also plan to establish foundations near famous universities around the world to help some students and regularly organize outings, provide assistance, or participate in some social activities," Liu Cheng proposed.
“That’s good. We must imprint Jiafeng Electronics in their minds during their adolescence so that they will be more likely to join us. However, this is a long-term project. In the short term, we should use various lectures, gatherings, and activities as an excuse to attract them to participate.” Lu Feng instructed Liu Cheng, “Then let them gradually learn about Jiafeng Electronics.”
"That would be quite expensive," Wei Yandan said; "and the probability of success is very low!"
Lu Feng suddenly had an idea and suggested, "Let's set up a model. Under the guise of an event, we'll find these students to attend lectures. On the first day, they'll attend for half an hour and each person will receive ten US dollars. On the second day, they'll sign in and attend for an hour and receive fifteen US dollars. On the third day, they'll attend for two hours and receive thirty US dollars. On the fourth day, they'll attend for two hours again and receive sixty US dollars directly."
"this........"
Those present were stunned. This seemed like a good way to save money. Those who could persist until the fourth day had probably heard enough.
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