The presidents and vice presidents of each company saw this in their eyes, with complex expressions flashing in their eyes, and they each had considerations in their minds.
Although Dong Mingzhu's move was unexpected, it undoubtedly set the stage for everyone's thoughts and tested the chairman's background.
Ten people met, and nine of them brought development plans.
The remaining person didn't bring it, so he could only say that he was heartless, or that he had been bedridden for three months and had no idea how fast the world was changing.
Wherever there are people, there is a world and there is competition.
Struggles for development within consortiums, for outstanding managers, and for the positioning of core enterprises are everywhere, and they are by no means as calm as they appear on the surface.
Marvel Animation is developing rapidly under Pan Shiyi's control, but the entertainment industry has never been the core of the consortium, and no large-scale mergers and acquisitions have been made in this field.
Doesn't Pan Shiyi want to attract the attention of the consortium chairman Wang Yaocheng through his outstanding performance?
If Marvel Animation can be included as a core enterprise of the consortium, at least the enterprise that it has worked hard to develop will not have to worry about being acquired by others.
After working hard for more than ten years, the boss sold it with a wave of his hand. How can we be willing to accept it?
What should I do if I don’t want to be reconciled?
The answer is;
Serve cold.
Of course Wang Yaocheng understands the psychology of the following managers, but he does not blindly sympathize with them.
Everything must follow the interests of the consortium's development, and must focus closely on the electronics and semiconductor industry. If necessary, sell what should be sold, including companies such as Marvel Animation, Yahoo, and YouTube Video, which are all on the list that can be sold.
If the conditions are attractive enough, it is also possible to sell the controlling stake.
thus
Wang Yaocheng feels that the time for these companies to go public is ripe, and they must arrange to go public quickly in 2003 and 2004 to raise funds for development.
Since Carrefour Supermarket, Gree Group, Panda Electronics, Pacific Computer Company and home appliance chain are not listed companies, the investment and expansion of enterprises are funded by consortiums, which invisibly affects further development and growth, and restricts the hands and feet of development.
Regardless of the fact that the consortium's current capital pool has returned to 30 billion U.S. dollars, if its affiliated companies are allowed to let their hands and feet go wild, they will be drained away in minutes.
Under Wang Yaocheng's suppression, the debt of these enterprises is less than 20%, and their operating conditions are extremely healthy. Naturally, they have a strong desire to borrow debt to finance development.
There is a comparison to this thing. We see that other companies in the same field have debts of 80, 90 or even more than 100%, and chain companies develop dozens or hundreds of companies a year, which is a scene of burning oil.
It would be a lie to say that I am not envious. I often feel that the consortium has restricted my hands and feet.
actually
Regardless of the booming development of these enterprises, 90% of them are working for banks. Once they encounter troubles or have limited financing channels, their true colors will immediately appear.
Don't be afraid of having fun, just be afraid of ending up with a list.
Are tens of thousands of companies that collapsed during the 1997 Southeast Asian financial crisis all poorly managed?
That's totally wrong.
Many of them are high-quality companies with excellent management, operation, sales and other aspects, and they also have their own unique competitiveness.
The fatal shortcoming is the expansion of debt-based operations, trying to make the scale larger, stretching the rubber band to the extreme, leaving no room for rebound, and the ability to bear risks sharply declines.
When the financial crisis hit, it collapsed and became one of the corpses everywhere. All the efforts were in vain.
A lesson from the past is not far away.
Debt traps are very harmful. If your company grows to tens of billions or even hundreds of billions, it will collapse as soon as the financial crisis hits.
After all these years of hard work making wedding clothes for others, why bother?
The chaebols of the Korean Peninsula are a clear example of this. The Kia and Daewoo conglomerates are both worth tens of billions of dollars. During the financial crisis of 1997, their business empires collapsed.
Are these people stupid?
Those who are able to develop are all momentary talents, many of whom are highly educated and familiar with business operations and market strategies. They are ruined by their uncontrollable ambitions and always want more, bigger, and stronger.
As a result, it turned out to be a lot of trouble.
Wang Yaocheng scanned the crowd and gradually made up his mind:
At the next annual CEO meeting, we will conduct an in-depth analysis of the bankruptcy cases of consortiums on the Korean Peninsula, combined with the bankruptcy cases of relevant large companies in the United States, to sound the alarm and pour cold water on all senior managers.
Wake up, it's a little swollen.
after the meeting
It is necessary to assign a special research project to the Hong Kong Guan Fengyun International Research Center to deeply analyze the reasons for the collapse of these consortiums, the lessons that can be learned, how much of the profits were taken up by debt, and finally they were reduced to working for banks.
Through scientific data analysis and rigorous economic model derivation, we can analyze the root causes of the collapse of these large chaebols.
Used to warn everyone.
The impulse for development is understandable, but it must undergo rigorous market analysis and have a long-term plan.
From the perspective of home appliances;
The domestic home appliance market cannot be infinite. After more than ten years of rapid development, the penetration rate of air conditioners, refrigerators and color TVs per 100 households has increased rapidly. The ownership rate of color TVs has exceeded 100 units. Now families are purchasing the second or third set.
television.
Once the empty market is filled, how much room for development is left?
Can the investment in crazy expansion be recovered?
Have you considered your competitors' price-cutting expansion strategy, the current situation of the domestic market with many hills, the investment return ratio, the market prospects and scale...
The ambitious development plan put forward by Dong Mingzhu is unrealistic and unfeasible from the perspective of Pacific Home Appliances Chain.
But from the perspective of the consortium, the goal can be implemented with slight changes.
because
The fixed investments of these enterprises are all funded by consortiums, and the properties are also owned by the royal family fund. Pacific Appliances Chain only leases them.
Once the sales of home appliances ebb, they can be converted into supermarket community stores, Playboy brand stores, mobile phone sales brand stores, etc. anytime and anywhere. Resources are not wasted and you can fully enjoy the appreciation of commercial real estate.
This is the benefit of large financial groups. If the east is not bright, the west will be bright.
Home appliance sales stores must be located in busy commercial areas. Small and medium-sized stores must be acquired and renovated. Large stores have to be built by themselves, and there is no place to buy this stuff.
Consider it from the perspective of Huanghe Technology Group itself;
Anyway, fixed asset investment is owned by consortiums, and the expanded turnover and profits are their own achievements. When proposing development plans, they often ignore the investment return ratio and potential risks, and blindly pursue the big and the perfect.
It's not that they can't see it, it's just that they turn a blind eye because of the angle they are in.
The meeting has just ended.
Wang Yaocheng, Chambers, and Yukio Sakamoto walked out chatting and laughing, looking very relaxed.
night
A super large-scale high-end party will be held at the Mediterranean Manor, where celebrities from Los Angeles and Hollywood will gather. There will be a large number of first- and second-tier stars attending, and the stars will be bright.
On a gentle hillside a few hundred meters away, a huge concert stage has been set up, equipped with high-grade stage sound and lighting equipment.
The white pointed tents are particularly eye-catching when decorated with countless flowers.
Busy staff are setting up the venue, with a large number of exquisite cold meals, fruits and snacks piled up in a hill.
Here, it will become a sea of joy at night.
By then
Pop star Michael Jackson, Beyoncé-Jesel Ruth, Britney Spears, Diddy, Latin American queen Lopez, bluegrass music leader Alison Krauss and other big names are all
He will perform on stage and show off his singing voice.
This luxurious music show gathered by celebrities has almost all the popular stars in the European and American music circles. Some second-tier singers are trying their best to squeeze in, even if they don't pay.
The purpose is to enjoy the glory of the popular superstar and show that he is not behind the times.
This is the most famous Mediterranean manor in Beverly Hills. It is the private manor of the world's richest man, Wang Yaocheng. It is like a dream palace.
It is a rare opportunity to perform here and appear in front of the top celebrities and plutocrats from all over the United States in Los Angeles.
"Chairman, Chairman, please stay..."
Dong Mingzhu hurriedly caught up from behind. Wang Yaocheng was talking to Sakamoto Yukio. Hearing this, he couldn't help but stop in surprise.
"What's the matter in such a hurry?"
"Materials, I saw that the secretary had put them away. I was afraid that they would be buried under other materials and you wouldn't be able to find them even if you wanted to look at them, so I brought them over."
"Okay, I'll take it. Can you rest assured now?"
Wang Yaocheng took it dumbfounded. He was really not used to holding things in his hands now. He didn't have money or a mobile phone, let alone a bag. They were all in the hands of his secretary.
"Our group has spent a lot of effort on this material. In fact, many store acquisition negotiations are in progress, and investment implementation with local governments has also started. Time waits for nothing, Chairman."
"Uh...hehe!"
Wang Yaocheng glanced at Dong Mingzhu and shook his head helplessly when he saw her stubborn look: "Okay, I'll reply to you within three days. Is that okay?"
"Thank you, Chairman."
"Hey! You... let's go together. Later, we will go to the restaurant to eat some cushions and have fun in the evening."
Wang Yaocheng knew that Huanghe Technology Group must have already taken action. It may have purchased hundreds of front-end houses, and the location selection for home appliance hypermarkets was also progressing at the same time as the local government.
We have to wait for approval, the day lilies are already cold.
These great people in previous lives were very decisive, dared to think, dared to do, and dared to take risks.
Pacific Home Appliances Chain is not short of money. Home appliance companies always have to wait for a period of time to pay for their sales, and there are often huge amounts of payables piling up in their accounts.
It is completely impossible to expect Dong Mingzhu to be honest and not to use anything. She has always been known for her aggressive and decisive actions.
Having said that, it is not that there are no strings attached to the top of the consortium.
But it's almost the end of the year, and the intensity of the cross-audit by the Consortium's Accounting and Audit Office is no joke. Once there are problems in the audit, someone will be in serious trouble.
So
If you get on the bus first and then buy the ticket, as long as you don't keep it in your pocket, it won't be a big problem.
I am afraid that the amount is too large and there are no formal approval procedures for the consortium. It will not be easy to win this deal.
If you lose the trust of your boss, you could lose your job in a matter of minutes.
Chen Shi, the director of the accounting and auditing department of the consortium, is a tough guy, even the King of Heaven is useless. If there is any violation, it must be dealt with seriously in accordance with financial disciplines.
Dong Mingzhu could imagine the consequences;
Violating the financial discipline of the consortium, acting boldly, with a large amount, and unprecedentedly bad impact. This is a typical case of a consortium violating disciplines.
It is recommended that he be transferred from his current position and dealt with seriously to serve as a warning. This bad review is absolutely inevitable.
If Wang Yaocheng doesn't deal with it seriously, Chen Shi will never stop.