I want to be a giant of Hong Kong Island

Chapter 243 [Headquarters System Lenovo Appliances]

But when the whole world was astonished that the radio could be so compact, the "rice cooker" hot wind blew up again in Dongying.

In every lively street corner and supermarket, there are salesmen guarding the rice cookers that are cooking.

In a shopping mall, a bunch of rice cookers are being exhibited to customers, and there is a sign next to it that clearly says "electric rice cooker" and "automatic rice cooker"

"Excuse me, what kind of electrical appliance is this?" A housewife asked curiously.

"This is called an electric rice cooker. Just put the rice and water in, plug it in, press the button, and it will start cooking automatically; when the rice is cooked, the rice cooker will automatically turn off."

"Really? Is there really such an appliance?" The housewife had a look of incredulity, and one can imagine how troublesome cooking rice is in this day and age.

While explaining, the salesman opened the rice cooker for the cooked rice and showed it to the crowd.

Such scenes are everywhere in Japan, as soon as the market starts!
The two waves of operation of Lenovo Electric have shaken the Dongying Electric Appliance industry. How did Lenovo Electric do it?
Transistor radio TR-66, electric rice cooker, which product is not the first in the world, an electrical appliance company can make a lot of money with just one of these products, and ranks among the major electrical appliance companies.

I didn't expect Lenovo to develop two world-class products at one time. What is this?
Many people feel that Lenovo Electric is about to become the seventh largest electric appliance giant in Japan!
Wu Guangyao ignored the commotion outside, but came to the rice cooker production workshop to inspect the work.

I am not worried about the sales of rice cookers at all, but I am very worried about the output of rice cookers;
After all, before the launch of rice cookers, there were only 2 of Lenovo Electric Appliances in existence, which can be said to be very nervous!

What is a rice cooker? It is a more practical electrical appliance than TV, radio, etc. No family can refuse it, unless there is really no $40 (cost price is $30).

At this time, the average salary of Dongying people is about three times the average salary of Hong Kong Island; according to this calculation, the average company of Dongying people is 150 Hong Kong dollars, about 30 US dollars.

The price of a rice cooker is one and a half months' wages for one person, which is absolutely affordable for a family.

Onoki followed Wu Guangyao cautiously, for fear that the boss would be dissatisfied with his job;
At this time Lenovo Electric, no one dissatisfied with Wu Guangyao, because this Chinese has brought two world-class products to Dongying;

With such a capable boss, who would not accept it!

Even those arrogant technicians have to admire their bosses!

You know, the theoretical knowledge of the rice cooker comes from this legendary boss.

It doesn't matter if others are good at management, but they still use technology, this is simply a miracle!
"President Ohno, I intend to set up Lenovo's head office in Dongying, and then implement the 'headquarters system' management system to implement centralized management of all Lenovo's subsidiaries. Are you interested in managing the technology department?" Wu Guangyao turned around. , Said Onoki.

"Hi, I do!"

"kindness"

Two days later, in a tall building in Tokyo, a group of people were having a meeting.

Just now, Wu Guangyao announced Lenovo's new organizational structure:
I lead the position of chairman of Lenovo Electric, because I am in Dongying, and I will rely on Dongying's technology and market for a long time in the future, so it is better to hide in Dongying!
Four headquarters are set up under the chairman, which are management department, business department, technology department and sales department;

This is naturally for the purpose of centralized management of each subsidiary, decentralization and independent management, and an overall operation.

Director of Management Department Li Jiaji (Chinese), Director of Business Department Jerry (American), Director of Technology Department Ohnoki (from Dongying), Director of Operations Department Ryohei Kimura (from Dongying).

The four ministries are equivalent to a cabinet, and a cabinet meeting is organized every week, even if Wu Guangyao does not attend.

"The two products we launched this year have completely allowed Lenovo Electric to gain a firm foothold in Dongying, but we cannot be proud. We are still far behind the six major electrical giants in Dongying. The most intuitive reflection is the size of the company. In view of the fact that next year we will It will completely explode, so I decided to expand Lenovo's volume from now on."

"First of all, establish Lenovo Central Research Institute. This Central Research Institute is the core and brain of Lenovo Appliances, and is the key to whether Lenovo can go further in the electrical appliance industry! 10% of Lenovo's annual profits are directly allocated to Lenovo Research Institute. R&D expenses; while Lenovo Academia Sinica is engaged in basic technology research and advanced technology research, and provides technical guidance to various product divisions. Does the head of the technology department understand what I mean?" Wu Guangyao looked at Onogi and said.

"Hi, got it! President, is there anyone for the dean of the institute?"

"I plan to recruit talents on a large scale after the establishment. If you have a recommendation, you can let him apply!"

"Hi!"

Wu Guangyao went on to say: "Next is the business department. The business department can have two branches, one external and one internal. At the same time, there are various product business departments under the business department; there is another important thing for the business department, which is to absorb European and American companies. The country's advanced technology. Whether it is cooperation or purchase, in short, we must look at the world and not be a frog at the bottom of the well. Jerry, do you understand?"

"Yes, BOSS!" Jerry said excitedly. He was originally a middle-level technical manager of a large American company, and his job-hopping was purely for the challenge. After months of waiting, an opportunity finally came.

"You have to quickly establish the headquarters and put into work; then the company has to develop at a high speed and acquire other companies to expand its size! Of course, in terms of funds, we can choose to borrow, and the more loans the better; I believe With the sales volume of our two products, there will be many banks in Japan who will be willing."

At the end of October, Sumitomo Bank of Japan provided Lenovo with a loan of 10 million US dollars, and Lenovo Electric's available funds reached 500 million US dollars at once.

The next actions of Lenovo Appliances made the entire Dongying electrical appliance industry start to feel uneasy;
Throughout November, Lenovo Electric acquired a total of seven companies, completing the industrial chain at once.

However, the two electrical appliance manufacturers that Wu Guangyao was most concerned about still did not reply to Wu Guangyao. Wu Guangyao knew that this was a rejection of his own acquisition.

These two electrical appliance manufacturers are relatively large in scale. One is a refrigerator manufacturer and the other is a washing machine manufacturer. The fixed value is about 300 million US dollars.

At this time, Lenovo Electric's account was only more than 360 million US dollars, but Wu Guangyao didn't mind borrowing part of the money to complete the acquisition of these two companies.

When the acquisition failed, Wu Guangyao made another plan!
A Japanese restaurant, Wu Guangyao surpassed the bosses of the two companies.

"Kimura-kun and Nagasawa-kun, you don't want to be acquired because you really care about this career!"

Wu Guangyao spoke out the feelings of the two bosses, and they both nodded.

One must know that Wu Guangyao had already bought it at a 20% premium, and the two of them still flatly rejected it. Obviously, raising the price would not be worth the candle.

"Then are you willing to convert your company's shares into Lenovo Electric's shares? To put it bluntly, we all work together to fight against the large electric appliance companies of Dongying in order to preserve ourselves. You should understand that the current market of Dongying is dominated by the six major companies. The electrical giants occupy the majority, and our medium-sized electrical companies can only survive in the cracks. Compared with your two companies, Lenovo Electric is more competitive and more promising. Therefore, if the two of you are willing, you can merge into a company."

Wu Guangyao's conditions are not low, it is simply full of temptation!

Lenovo Electric holds two big killers - transistor radio and rice cooker. Although these two have good results in refrigerators and washing machines, they are not enough to compare!
"We need to go back and discuss with other shareholders, and please give Mr. Wu some time!"

At the last moment, the two finally let go.

At the end of November, before Wu Guangyao returned to Hong Kong, Lenovo Electric finally completed all the acquisitions and mergers. After a circle, there was still 11 million yuan in funds, but it gained 360 medium-sized electrical companies and 2 electrical related companies.

Naturally, this was bought at the price of shares. Wu Guangyao only held 56% of the new Lenovo Electric, and the rest of the shares were all allocated to Dongying people.

But this step is definitely a good one, because at this time Lenovo Electric has covered many products and related industrial chains;
In terms of size, it is very close to Panasonic, the only thing missing is the follow-up integration!
Lenovo Electric held the first shareholders meeting, and Wu Guangyao presided over the meeting as the chairman.

"In October and November, two of our products, transistor radios and rice cookers, brought Lenovo Electric a profit of 10 US dollars. Of course, this is because there are no similar products on the market. Next we will Facing the offensive of those electrical giants, I hope everyone will go all out! Whether it is a price war, a marketing war, or a technical war, we are not afraid! Because we are also an electrical giant!"

Wu Guangyao's words were very contagious, everyone listened passionately, and first gave a wave of applause.

It is unbelievable that Lenovo Electric has been catching up with an enterprise that has been in business for decades in less than a year!
Of course, Lenovo Appliance itself is composed of several decades-old electrical appliance companies; the most important thing is the charm of money and technology, which brought everyone together; the pioneer of medium-sized electrical appliances was acquired by money, and the washing machines and refrigerators in the back were medium-sized. The manufacturer chose Lenovo's technology because it was optimistic about Lenovo's technology and felt that Lenovo was a competitive company, so it chose to merge.

"Next, we will absorb technology from Europe and the United States, and at the same time export our products to Europe and the United States." Wu Guangyao spoke out all his thoughts.

Dongying people are really serious about their work, and everyone started to record it.

"President, should we build another factory and a company headquarters!" said a shareholder.

"Then suggest a Lenovo Industrial Park, a combination of the headquarters and the factory. You can speak out whatever you think, and we will discuss it today!"

Then everyone really made suggestions, and they were all very useful suggestions;

It's a pity that the money is still not enough, Wu Guangyao and everyone can only develop first and then lightly.

For example, purchasing technical guidance from Europe and the United States is the most important thing to do at present, and even the business of the industrial park will make way for it.

At present, the cheapest technical guidance fee in the world is in the United States, which is generally charged at 3% of the product cost; in March, Lenovo purchased transistor technology from Texas Instruments for only 3 US dollars, which can be said to be cheap.

(End of this chapter)