It has been a few months since Su Yehao heard that he was financing Midea Group and getting involved in the mainland's home appliance manufacturing industry.
The negotiation has not been concluded until now, and there are all kinds of troubles involved behind the scenes.
Upon closer inspection, it includes three aspects in total.
The first is the issue of employee placement.
The second is the division of management rights after financing.
The third is the conflict within the group.
One and two are easy to resolve. The former is settled with money, while the latter follows the rules of the market economy. Whoever has the most say gets the final say and the shareholders negotiate to resolve it.
Since the problem is already serious, the higher-ups have chosen to help Sihai International and introduce a more advanced management and development model. As long as we conscientiously do a good job in the company and the two parties have the right to speak in the future, there will basically be no major problems.
After all, Father Su is also confident. He can organize dinner parties every day when he goes to the north, and he has nothing to do with the word "soft persimmon".
As for the troubles within the group, the main reason is that the management is relatively chaotic.
Moreover, who eats meat and who drinks soup affects everyone's nerves in every aspect.
Doing business is much more difficult than investing. Sihai International belongs to Cheng Yaojin who suddenly came out and took 43% of the shares. It completely broke the original situation and it will definitely take some time for readjustment.
Su Yehao's plan is to spend three months stabilizing the situation, and in the second half of the year, he will strive to achieve a breakthrough in performance, thoroughly sort out the company, and get it back on track.
Compared with Pengcheng, where new buildings are blooming everywhere, the urban area of Fochuan seems a bit old.
Don’t rush to check into the hotel, take Nong Qingying with you first, and take the car directly to Meidi Group.
Su Yehao was originally a little worried about letting her meet his old man, but he just thought about it. He would have to meet him sooner or later anyway, and he had been deliberately avoiding it, which would inevitably give Nong Qingying some ideas.
Simply take advantage of the absence of others and contact them in advance.
In this matter, apart from his grandfather, Su Yehao believed that his father could also understand him, and at worst he would be taught a few words...
The driver doesn't know the road.
I rolled down my car window and handed Huazi to passers-by, asked for directions in Cantonese, and quickly found the Midi headquarters.
Parking the car at the entrance of the building, Su Yehao called his father. A few minutes later, a middle-aged woman took them in and climbed the stairs to a conference room.
A total of twenty or thirty employees were scattered around their temporary desks, not knowing what they were busy with.
As for Father Su, he was standing by the window talking on the phone. When he saw the beautiful girl next to his son, his wrist trembled and he almost threw the phone away.
Last year, I met Nong Qingying at the Sihai International Golf Club, which later made Mr. Su deeply depressed.
The impression was so profound that I can't even forget it.
So when Su Yehao helped introduce Nong Qingying, the old man just said "hmm" and deliberately pretended to be meeting for the first time and said nothing.
At this moment.
Father Su changed the subject and asked, "Why are you here? School is still in session, right?"
"I was inspecting my own business and stopped by to take a look. This building is a bit old. If you make money in the future, remember to take advantage of the low price to buy land and build a few high-rise buildings."
"Nonsense, the company is short of money now. Is it possible that I raised 2 billion yuan just to build a building?"
Father Su ignored the word "future" and continued: "Just come over. I'm going to have dinner tonight, so you can hold the drink for me. The people here drink too much, and my stomach still hurts.
"
The corners of his mouth twitched.
Su Yehao sighed with emotion: "You are really your own. You came all the way and asked me to drink for you."
"Young people recover quickly. Even if I stopped you in the past, you would still run to the bar every day. Since you like drinking, you might as well use your skills where they should be used."
After hearing what his father said, Su Yehao asked: "The contract is signed, what are you busy with now?"
"There are a lot of things. I talked to the management one by one yesterday, and the work will be rearranged next. Most of these are people from McKinsey Consulting Company, and the work has been handed over to them. It cost me 20 million Hong Kong dollars. Then the departments will be re-divided.
, sort out a new framework, and the management aspect will also be replaced by a professional manager system. If we don’t change the team now, it will be difficult to survive after a while. I guess I have been scolded behind my back a lot recently."
Father Su has been in business for so many years and has rich experience.
A lot of preparatory work had already started before signing the contract. Solutions were sorted out one by one for the problems discovered during the investigation, and now they are in good order.
The reason why McKinsey Consulting is so famous that Mr. Su was willing to spend 20 million Hong Kong dollars to hire them is because this company is very good at bringing companies back to life. It is very good at mergers and reorganizations, organizational structures, marketing and manufacturing, corporate finance, etc.
There are advantages.
The financing amount of 2 billion has already been paid, so spending an extra 20 million Hong Kong dollars is nothing.
Su Yehao also felt it was worth it.
The name of a person is like the shadow of a tree. In the past, I often saw in the news that McKinsey released a certain report, and even outsiders had heard of it. This is enough to illustrate its status.
In fact, assisting an enterprise of the size of Midea Group to reorganize is troublesome and time-consuming. An elite team composed of more than 40 people drawn from Hong Kong, Singapore, and Japan has been busy for nearly four months.
, it has not been completed yet.
If McKinsey hadn't wanted to use it as a case to expand its influence in the mainland, the fee would have been even higher. Now it's a discount.
Asking a professional team to help sort out the organizational structure is obviously much easier than Su Yehao's usual fiddling with it by himself. His father had never mentioned the decision to cooperate with McKinsey Consulting Company before, and he was worried that he would not be able to adapt to the environment after financing.
Nowadays, it seems that Jiang is still old and hot. Simply leaving all the work that is easy to offend to the McKinsey team is undoubtedly much less troublesome than doing it himself.
Apart from the high cost, there is nothing wrong with it.
At this time, Su Yehao said to his father: "When you are looking for a professional manager, can you also arrange a free position for me?"
"You? What do you want to do? Just show off your skills and show off your skills. I'm afraid you will be tortured to death." Daddy Su said carelessly while smoking a cigar.
Shaking his head, Su Yehao told: "In addition, I will set up a new department. I will find the people myself. Seven or eight people should be enough. Leave some of the idle funds to me to take care of and invest in other projects. Give me 100 million to try first.
, if I can’t make any money, I will pay it to you out of my own pocket.”
Father Su looked helpless and said with a smile: "You have so much money, but it's not enough for you? Why are you focusing on this company?"
"I have an idea, and I won't cheat my family. But if the expected goal is exceeded, it is best to allocate a sum of funds from the profits every quarter and let me manage it. The money earned belongs to the company, and I
It’s all work for nothing, and we don’t even charge a handling fee.”
As early as before the Spring Festival, Su Yehao planned to use the company's idle funds to find opportunities to overtake in corners.
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To achieve this, getting dad's support is key.
After hesitating for a moment, Mr. Su told me: "We have just arrived, and our short-term performance is very important. If you lose money, it will be very difficult for me."
"So I said, I can pay for it out of my own pocket, even if I sign a contract. Is it so difficult to believe me? If you had listened to me and bought Yahoo stocks, Sihai International's total assets would have exceeded 10 billion."
Su Yehao was full of resentment, and the old man was too stubborn. In order to help the family make long-term plans, he put a lot of thought into it.
My son told me this when I saw him.
Father Su thought it would be good to give him some training opportunities, so he agreed.
I immediately consulted with people from McKinsey to make adjustments to the original plan and add an independent investment department.