My 1999

"Happy New Year, everyone."

There was a mess of compliments below.

Wait for everyone to calm down.

"In the past 2003, Hongmeng Company has achieved brilliant results. We not only created the world's largest Series B financing, but also acquired one of the world's largest entertainment groups, Global Entertainment.

The ‘pan-entertainment’ business that Hongmeng has always emphasized can truly become the foundation to support Hongmeng’s development.

On top of all this.

Now Hongmeng has completely transformed into a company with net revenue of 104.7 billion Chinese dollars and net profit of 24.2 billion Chinese dollars (counting Global Entertainment), with interests in China, South Korea, Japan, Central and South Korea, Nanyang, the Middle East, Germany, France, North America, Europe and A global Internet giant with 11 subsidiaries in South America and 19,000 employees. "

Wow….

Warm applause echoed throughout the conference room.

Almost everyone is very happy. After all, if the company develops better, the options in their hands will be more valuable.

When the applause stopped, Xu Liang continued.

"Although our results last year were brilliant, it is completely in the past. The purpose of our sitting here today is to better focus on the future.

So what does Hongmeng’s ‘future’ look like?

I think Hongmeng’s total revenue will increase by 50% this year and exceed 150 billion Huaxia coins.

Net profit must increase by 30% and exceed 32 billion Chinese dollars.

In order to achieve this goal, I decided to conduct a new round of reorganization of Hongmeng’s organizational structure. "

After a pause, give everyone time to digest and absorb.

“There is only one core of this reorganization, which is to continue to strengthen the platform construction of the head office, improve the communication mechanism between various subsidiaries, and let the flat management system become a booster for Hongmeng’s further development.

On the basis of this fundamental idea, the head office decided.

First, cancel the Huaxia subsidiary.

Second, disband Hongmeng Games (Hongmeng Comics...), and each game studio will be directly managed by its subsidiaries in the country or region where it is located. "

Previously, companies such as Qiangliang Studio (Blizzard) and Houtu Studio (Northern Blizzard) were under the dual jurisdiction of North American subsidiaries and Hongmeng Games.

Now it is directly under the jurisdiction of Hongmeng North America subsidiary, which undoubtedly increases the jurisdiction and weight of the North American subsidiary.

The same applies to Hongmeng comics, animation, film and television, music and other pan-entertainment companies, allowing the subsidiaries that best understand the local market to truly have management rights.

“Third, divest the Internet cafe business and establish an independent subsidiary ‘Hongmeng Internet Technology’.”

As Hongmeng continues to develop, Zhongnan Company and Nanyang Company can maintain a balanced revenue even without the blood transfusion of Internet cafes.

Xu Liang planned to spin off this business and launch it on the market in 2005 after a year of development. He would take advantage of the booming Internet cafe business to make a fortune first.

Otherwise, when the subprime mortgage crisis and the European debt crisis come, there will not be a good opportunity to go public before 11 years.

Wait for 11 years to be listed, plus a half-year blockade period.

Before he can sell his shares, the surging mobile Internet era will wipe out the Internet cafe business.

"Fourth, the subsidiary Hongmeng Entertainment was established. Hongmeng China Comics, Hongmeng China Games, Hongmeng China Literature, Hongmeng China Film and Television, Hongmeng China Animation, and Hongmeng China Music will all be managed by Hongmeng Entertainment."

Obviously, in the future, Hongmeng Entertainment will coordinate the pan-entertainment business of Hongmeng China and truly become a pan-entertainment industry chain spanning copyright, music, film and television, comics, and animation.

Other subsidiaries, except for the North American subsidiary, basically follow this procedure.

However, the scale of the pan-entertainment industry of other subsidiaries is limited and has not become an independent subsidiary.

Instead, it falls under the direct jurisdiction of the subsidiary headquarters.

It belongs to the Third Pole Company, which is Sun Company.

“Fifth, on the basis of the 12 subsidiaries in South Korea, Japan, Central and Southern China, Nanyang, the Middle East, Germany, France, Spain, Brazil, North America, Europe and South America, we have added Universal Pictures, Universal Music, Universal Studios, a Haodian, Bing China, Sina, Hongmeng.com, Hongmeng Entertainment, and nine subsidiaries of Kingsoft."

As Xu Liang changed like this.

In addition to the financial department, legal department, administrative department and other functional departments in the entire Hongmeng headquarters, there is only the "Pangu Company" that develops and operates big data and cloud computing.

The ‘Hongmeng Research Institute’ conducts mobile operating system research and development, research and development of underlying technologies for major software, and Hongmeng Pay.

These institutions also need financial support from the head office.

Until they achieve revenue balance, they cannot become a subsidiary.

"Finally, Hongmeng Technology Company has officially changed its name to Hongmeng Holding Group. The group will no longer be responsible for the daily management of each subsidiary. It will only be responsible for the strategic development of the entire group, mediating differences and cooperation between major subsidiaries, new businesses and new technologies Research and development, underlying technology research and development of major software, supervision of finance and other work.

In other words, the head office will truly become a platform, and the 21 subsidiaries are independent individuals hatched from this platform. "

Looking at the excited eyes of the presidents of major subsidiaries, Xu Liang smiled.

"From today on, you are in charge. Unless you encounter a major loss, or a personnel or financial crisis, the head office will not interfere with your management decisions."

As the company grows, management becomes a big problem.

How to overcome the big company disease and continue to develop in an increasingly competitive global market will test his skills and wisdom.

After careful consideration, Xu Liang decided to fully delegate power.

Delegate the management rights of subsidiaries to the management of each major subsidiary. They know the local market best and can quickly adjust the company's development strategy according to the market.

The head office is responsible for strategic decision-making, supervision of finance and human resources, and everyone performs their own duties.

In this way, it will not only greatly mobilize the enthusiasm of major subsidiaries, but also greatly reduce his management pressure, saving a lot of energy and time to focus on other companies and personal life.

"Okay, I'm done, who has any questions?"

As soon as Xu Liang finished speaking, someone raised their hands.

"Mr. Xu, has there been any change in the account sharing ratio between the head office and the subsidiaries?"

"No, it's still 50% each."

"Mr. Xu, what is the upper limit for financial use of subsidiaries?"

"If it is less than 10 million US dollars, there is no need to report to the head office." Xu Liang said.

Previously this value was 5 million, but now it has doubled.

Acquisitions or plans exceeding RMB 10 million were considered strategic level in 2004 and would definitely require approval from the head office.

"Mr. Xu, the subsidiary's personnel rights...?"

After answering everyone's questions one by one, the company-wide meeting entered the second stage.

Each subsidiary makes a report.

One is a summary of last year, and the other is an outlook for this year.

The entire Hongmeng 2004 summary meeting lasted for three days before ending.

…

Wangjing Building CEO Office.

"Old Qian, I saw the development plan you submitted for this year and the next three years. The total investment of US$500 million per year is too high."

"Mr. Xu..."

"Listen to me first. The independent operation of subsidiaries is the fundamental strategy of the head office. If I give this money, other companies will definitely have objections. Then they will also come up with a big plan to ask me for money. You Should I give it or not?

Here we go, this is the beginning.

Other subsidiaries followed suit to develop new businesses and turned to the head office to seek help.

Even if the head office has gold and silver, it won’t be enough for you to spend. "

"Mr. Xu, an annual investment of US$500 million is already the minimum requirement for our No. 1 store after repeated calculations.

After all, the transportation foundation in Southeast Asia is too poor and there are many islands. We must purchase a large number of small ships and trucks, otherwise it will be difficult to complete the construction of the logistics system.

Coupled with the expansion of the domestic logistics system, the development of Yihaodian offline stores requires a large amount of funds.

We really can’t handle such a large investment on our own. "Qian Santai said sincerely.

"Old Qian, when you encounter problems, you can't always look to me. You have to learn to find a solution on your own. The best way is to increase revenue and reduce expenditure."

Looking at the instructive big boss, Qian Santai always felt that there was something in his words.

Seeing that the preparation was almost complete, Xu Liang no longer hid.

"Old Qian, what do you think is the core business of No. 1 Store?"

"E-commerce."

"Yes. Now e-commerce is developing faster and faster in China, and competition is becoming more and more fierce. Alibaba, Joyo, and Dangdang are all investing heavily.

At this time, the most important thing for Yihaodian to do is to stay focused.

Therefore, non-core businesses such as Yihaodian offline stores should be sold when they should, so as to save money and strengthen the main business.

This not only saves the money that should be invested in offline stores, but also obtains a working capital, which can definitely achieve the effect of one plus one being greater than two.

This is the most suitable development strategy for ‘No. 1 Store’. "

Xu Liang's picture shows a poor dagger.

Qian Santai was stunned for a moment. He didn't expect that the big boss would ask him to cut off his flesh.

I was extremely unwilling.

He approved the offline stores of No. 1 Haodian one by one and watched them develop one by one.

So far, there are nearly 400 boutique department stores across the country, selling 3,000 different products and with a business area of ​​more than 160,000 square meters.

Monthly revenue has exceeded 270 million Huaxia coins.

The prospects are very bright.

He was also thinking about pushing the number of No. 1 boutique department stores to 450 this year, with monthly revenue exceeding 300 million Chinese dollars. But he was about to be sold before he even started?

"Old Qian, you are the president of a large e-commerce company with more than 8,000 employees, not a rich man from the countryside.

We must dare to make decisions at critical moments and have a strategic vision.

Instead of thinking about holding all the pots and pans in your arms! "

Xu Liang's expression became more serious and his tone became more serious.

When you are a boss, you have to be pleasant in appearance, but you must also hold back when you should be serious.

Seeing the big boss's expression, Qian Santai's heart trembled.

Although he was extremely reluctant, he still nodded.

He also knew that No. 1 offline stores were indeed not the company’s core business. During regular meetings, the company’s senior management also proposed cutting off No. 1 offline stores and exchanging funds from the head office to develop e-commerce. However, No. 1 had always been The development of the store required blood transfusions from the head office, but he refused.