Coquettish Rebirth

"Hung-chien, do you know? After a lot of research, I found that whether a company can become outstanding, whether it can stay in the top 15 camp for [-] years, has nothing to do with whether they master high technology It has nothing to do with whether the industry they are in is a sunset or a sunrise. For example, it doesn’t mean that the Internet is popular now, and [] is popular, and then you can become a powerful Internet company. Of course, I mean I’m not satirizing your company. What I’m saying is that you may not be able to become a powerful company. What I mean is that even if you are in a traditional industry, even if the company is unknown at the beginning, it is possible to succeed through steady development. And such a As for the idea, a very amazing conclusion has been deduced-technology and the transformation of the social form guided by technology actually have no effect on whether an enterprise can become outstanding! Technology, the changes brought about by new technologies to make the company more powerful are all nonsense. Technology is useless for a company to be strong! Whether there is a strong technology is not the core issue for a company to be strong... ..." Collins made such a judgment with his eyes shining.

Hearing this, Jia Hongjian felt that his world view was going to be confused, okay?Although what Collins said was a bit confusing, Jia Hongjian heard the meaning clearly, that is, whether a company has mastered the so-called core technology, whether it has mastered the latest technology that can lead the trend of the times, is not the same as whether the company can become stronger.It's not that you can become stronger if you master the core technology, it's not that you can't be stronger without the core technology!And the sign of whether it is strong or not is whether it can be mixed in the list of the world's top 15 for [-] years!

Hey!Hearing this, Jia Hongjian's mind is in a mess!If you think about it carefully.What does this Collins mean?That is to say, Jia Hongjian worked desperately to make money, and then invested in the LCD Research Institute of the Huaxia Academy of Sciences in Japan, letting them spend money to develop the latest LCD production line. In fact, this has nothing to do with whether Huaxia Hi-Tech can maintain its excellence. ?In other words, Huaxia Hi-Tech wants to keep improving in the top 500 rankings in accordance with Jia Hongjian's mental picture, and it has nothing to do with research and development of the latest technology and the latest production line... In other words, even if If he doesn't research, as long as he does the right thing, he can still slowly complete the scene that Jia Hongjian imagined in his mind... Is this just saying that Jia Hongjian's egg pain is nothing to do and find trouble for himself?Does it mean that the LCD production line does not need to develop the latest technology.Just use the old one.He was able to complete the goal, but Jia Hongjian was still foolishly spending money on research, not to mention, he was afraid that the money would not be enough, so he was desperately trying to make money?Does it mean that Jia Hongjian is a pure idiot?

wipe!This scolding is a bit powerful!Rao is Jia Hongjian with such a delicate heart.It also took about ten seconds to go around in a circle before I realized that the other party was calling me a pig!Hey brother, I'm your undying enemy?Why are you cursing people around the corner as soon as you come here?If only we were a little stupid.Didn't she end up being scolded by him and didn't know she was scolded by him?Is this too insulting?

Just when Jia Hongjian's attitude changed rapidly.Seeing that Collins smiled, "Hung Chien, I know the question you want to ask. But don't worry, I have another conclusion, these two conclusions put together are simply too clever! Genius! You must listen to me!" My second research conclusion is that whether a company frequently merges or acquires has no effect on whether the company can develop by leaps and bounds! This leap-forward development means from excellent to excellent. Excellent It’s the occasional top 500 last time, and excellence means being in the top 15 for 500 years…”

ha?When Jia Hongjian heard this, he immediately realized that the elder brother in front of him was scolding HP and Compaq!Compaq originally acquired dec, which is really a big deal!A big acquisition worth tens of billions of dollars, what a sensation that year!Then, over the past few years, Compaq has suffered from indigestion. If history does not change, Compaq will announce its acceptance of HP, that is, Hewlett-Packard's acquisition this year.As for the company HP, it also acquired various companies along the way!So from this point of view, Brother Jim in front of him is pointing out that the CEOs of Compaq and Hewlett-Packard with an annual salary of tens of millions of dollars are big fools!That is to say, these two idiots didn't understand how to make the company more outstanding, but spent the money self-righteously all day long, and as a result, the company was hollowed out, and they also caused various internal indigestion...

From this point of view, Jia Hongjian agrees with this big brother’s point of view to a limited extent—it’s not that Jia Hongjian believes that mergers and acquisitions are useless, but that he thinks that blind acquisitions really have side effects!After all, buying this thing is a bit like a man marrying a woman.Sometimes both parties feel that it is quite suitable before marriage, but after marriage, they find that all kinds of cooperation are not compatible, and then the conflicts begin to intensify and divorce begins.Men and women have been in love for several years and then get married, let alone "love at first sight" and then "flash marriage" corporate mergers and acquisitions!This is why even though Jia Hongjian invests in and acquires various strange aspects, he still tries his best to make the acquired companies and businesses into independent subsidiaries, so that at least it will not affect the operations of the parent company. At least we still live separately.

Is this big brother funny?Or is there really a miraculous discovery?Jia Hongjian was very curious.In the end, he still didn’t ask, so the elder brother raised his index finger, “Shh, don’t ask, I know what you want to ask. Let me tell you, my discovery is too clever and a genius. I know that ordinary people can’t Understood, in fact, I couldn’t understand it myself at the beginning. Let me explain to you how I came to this conclusion. I studied it in a period of 15 years, because it can avoid some luck factors and accidents Factors, such as the Internet stocks that were popular in the past two years, can only live for 7 years at most. It is impossible to live to 15 years by relying on hype, and it is impossible to be lucky all the time! Then, I use Intel as a basic benchmark , I want to find out if there is any company with a higher return on investment than Intel? Intel’s return on the broader market is 2.8 times, so I will sample more than 3 times. This is no problem? You must know that within 15 years, 3m, Boeing, Coca-Cola, None of GE, HP, Intel, Johnson & Johnson, Merck, Motorola, PepsiCo, Procter & Gamble, Walmart, and Disney has more than 3x!"

Jia Hongjian nodded. Regardless of whether this big brother is funny or not, at least there is no problem with sampling. Basically, he still has the attitude of doing scientific research.After all, to develop by leaps and bounds, at least the speed of development should be faster than Intel?It's like China wants to develop rapidly. How many years has it been developing at double digits every year before catching up with Japan in 2010, which is still far away from the United States!Even if the economic growth of the United States is 1% per year, where is the total amount? The growth is also huge!If China is a company, then the United States is Intel.Our small company wants to develop close to or even surpass Intel.The speed of development is faster than others?Intel's annual growth rate of 10% is [-]% per year?Therefore, Jia Hongjian thinks it is no problem to choose a data that is slightly higher than Intel.

"Then we have to observe the difference between the selected sample companies that meet the requirements and those large companies such as Intel in the control group, right? It's like we watch sports stars and study why they are successful. If we just look at In terms of the characteristics of stars, you will find that they eat and go to the bathroom all day long. This is their characteristic. But it is not the key to distinguish them from ordinary people or even ordinary athletes. We want to find out the difference between these star athletes and ordinary athletes. The difference, right? Then we have to eliminate some samples of the whole industry. Suppose Internet stocks are all red in 15 years, and the whole industry makes a lot of money due to various factors. We can’t count Internet stocks, right? After all, this kind of situation is too rare, and it can be regarded as an extreme case." The elder brother who is a bit funny now seems to have returned to normal IQ, at least what he said is quite logical.

"Then I asked the students under my research group to help me to interview the selected model companies and control companies, and to interview those middle and high-level managers who have been working in the company during the span of 15 years. Then we compared their salary levels, workload, corporate culture, etc., and even counted the style of the CEO who led them. Then the result was 6000 articles, 2000 interviews... Then we found that before the final conclusion, we Just like the case of Sherlock Holmes, I slowly discovered a little bit of clues, including some very interesting little discoveries, I think you must be very interested! The first little discovery is to hire a well-known professional manager from outside the company Come here, and then worship him as a god, in fact, this is useless at all, and even has a counterproductive effect, which will slow down the company's process from good to great! On the contrary, 11 of the 10 sample leaps are internally promoted CEO, and like the control group, there are a total of 6 external CEOs!"

After the funny big brother finished speaking, he took a sip of his coffee, and then continued to say: "Second, how much the CEO's salary is paid, and how much is actually paid. There is no difference between giving too much and giving too much." Less, in fact, the difference is not big. Third, any long-term strategy and short-term strategy are all nonsense, and there is no evidence to show that companies that are successful in leapfrogging pay more attention to long-term strategy setting than comparison companies. Fourth, sample companies that can leapfrog not only pay attention to What should be done to make them cross, which means not only focusing on what is right, but also what is wrong!"

Having said this, the funny man stopped for a while, looked at Jia Hongjian, stared into his eyes and said, "The fifth technology can at most catalyze and accelerate the process of leapfrogging, but it has no direct effect on whether the leapfrog can be achieved. Those who can leap forward can leap forward faster with technology, and those who can’t do it can’t do it with technology. Sixth, the merger of two foolish companies does not guarantee that they will become smarter, not to mention the merger of two smart companies may also cause infighting. Seventh, companies that can leapfrog do not need to foolishly create any corporate culture or motivate employees. They are fooled by consulting agencies to spend the money on these things. In fact, the money spent is useless. If If this enterprise can leapfrog, then at the right time, the employees themselves will spontaneously be inspired to the state that the boss wants! Even the sense of responsibility can be greatly stimulated! Finally, apart from your Sherlock Holmes company, we have no It is found that any model company is successful when a nascent industry develops like a rocket eruption. In fact, most of our 11 model companies are not in booming industries, and even a few of them are in industries where many companies are losing money In the sunset industry. So... Hung-chien, I'm curious, why is your Sherlock Holmes company... so strange?"

"Strange? Haven't we reached 15 years?" Jia Hongjian blinked and asked.

"Yes, I'm just curious, can your company survive 15 years, and if it survives, isn't it a challenge to our observations?" Doubi blinked and asked innocently. (To be continued..)