Reborn Entrepreneurial Giant

Honor has an almost cruel employee elimination system. There are too many dissatisfied people. It is human nature to be indolent and indolent. Only a few individuals have strong self-motivation. However, a company cannot place its future on the personal consciousness of its employees. Only system construction can last long.

If the rules are published now, elimination will begin at the end of the year. It will take a few years to be fair, just, open, and convincing, without worrying that there will be no reward for the achievements.

During this period, Qu Li took some time to deal with some matters, such as Shijiang Jumei's official announcement of the US$1 billion acquisition of Carrefour China, and what will happen next...

The transformation of Carrefour has been planned for a long time, mainly to take over the rights, Jumei Supermarket centralized procurement, unified distribution, optimized resource allocation, cost reduction and efficiency improvement, and the priority of profitability is higher than the digital transformation of the enterprise.

Qu Li's management at Time Jumei is quite flexible. Some departments have to consider profitability issues, such as private brands. Most of them are profitable from the beginning, or have positive free cash flow, and losses are caused by increased investment. of. Some departments do not consider profitability issues, such as cloud computing, but still limit the scale of investment, such as artificial intelligence.

Carrefour Supermarket is a traditional asset-light enterprise. Jumei likes to be "asset-heavy". The losses are certain, but to control the scale of losses, digitization must be done, but some fancy robots, self-service shopping, and money-burning O2O It's not necessary for now. If Meituan wants to do it, it can cooperate.

Shiguang Jumei has its own ideas for acquiring Carrefour Supermarket, and will try membership-based supermarkets in the future. However, Amazon has not acquired Whole Foods Market at this time. If we do something that Waiguo Papa has not done, will the risk be very high?

There has been a lot of discussion in the media on the Internet about Time Jumei's unique approach, with as many voices of doubt as of support. The stock market's performance is normal and fluctuates upward. This may be related to the investment scale of US$1 billion. As a company with an annual income of more than 1,000 For large companies with a market value of more than 200 billion US dollars, they can withstand the hardships.

Qu Li did not explain anything. Although he often spoke on social media in recent years, he actually kept a low profile. Teacher Ma Yun became more and more high-profile. She accepted the invitation of the United Nations, obtained a United Nations passport, and became a half-diplomat. Show up and meet with leaders of various countries.

Qu Li even left it to Lei Jun and Lu Qi to lead the official team to the United States for business last year. His character is full of contradictions, or rather boring. He wants to do many things, but he is very restrained, such as Talking about holding an unobstructed conference, for example, letting the Chen sisters sleep in the same bed.

Thinking about being fooled by Chen Danni time and time again, Qu Li loved and hated this girl. After saving his energy for a week, he finally felt proud. But as the little girl got older, she also knew the trade-offs. After enjoying a week of warm family life, she released the pressure and returned to work, and her schedule became irregular.

Qu Li's work and rest routine has become regular, mainly because he doesn't have time to go to the countryside for field inspections. Future Future's repurchase of Cheetah Mitsubishi's shares has finally been implemented. The stock market is performing very positively, with a market value of close to 300 billion. If it continues to rise, it will surpass SAIC. Group.

From the perspective of revenue scale and profitability, there is no comparison between the two companies SAIC and CMGE. However, the former still needs to "break through international patent barriers" and is boasting about the trends of electrification, intelligence, networking, and sharing; the latter It has been able to lead the progress of the global pure electric vehicle industry.

In addition, as one of the leading independent brands of domestic fuel vehicles, Qiancheng's average domestic bicycle price exceeds 120,000, and it is rapidly heading towards 130,000. This is a decent level for a joint venture car! It's a pity that domestic automobiles are not convinced by him. Leaders of major manufacturers often say that they suffer because they don't understand marketing and that their own fuel vehicle technology surpasses Qiancheng Motor.

Well, they specifically differentiated Geometry Cars. It’s not that there are no Geometry Cars in China. The key is that no one believes them. If they say too much, it will cause ridicule.

Back to CMEF after repurchasing the shares of Cheetah Mitsubishi, it directly changed its name to Mitsubishi Motors. In addition to Mitsubishi Motors, the Japanese shareholders of this company are Mitsubishi Trading Corporation. The latter transferred 15% of the shares to Mitsubishi Motors and 5% of CMCC. In other words, 55% of the shares of Mitsubishi Motors (China) are held by Future Geometry.

As for Southeast Mitsubishi in China, it has no meaning of existence. In addition, Future Future retained 35.8% of Cheetah Motors' shares. Originally, he wanted to clear out the shares, but the relevant departments in Hunan Province rejected the plan. To put it bluntly, some people did not trust Changfeng Group.

As for Changfeng’s employee equity incentives or management buyouts, thanks to Qu Li’s previous support, local governments generally will not sell small assets that are valuable and can continue to create value.

Therefore, Changfeng and Cheetah, who want to keep a distance from their future, can only leave it to the market to know the success or failure of their cooperation in recent years. Anyway, no one thinks that they have made a loss-making business. Did Quli lose money? Well, he doesn't care anyway!

Mitsubishi Motors will have to make corresponding adjustments in which new cars it releases and how they sell them. As for the latest models only being sold overseas, treating these things differently will become a thing of the past, and production and sales will only be decided based on market demand.

The follow-up cooperation between Future Geometry and Mitsubishi Motors is slowly unfolding. Qu Li stayed in the Honor Human Resources Committee to perfect his ideas, KPIs, and the forced elimination rate will inevitably lead to short-sightedness. How to find a balance in the middle? Maybe it’s the craftsmanship.

The spirit of Japanese craftsmanship has gradually become a joke in China. Behind this lies many helpless facts that are not a joke. For example, the Canon Tokki vacuum evaporation machine worth US$100 million cannot be made in China. The spirit of craftsmanship does exist, and long-term fraud also exists. This is not a contradiction. Some people like to take shortcuts, and some are not talented enough to be down-to-earth.

Honor also has some long-term basic projects, such as the chip architecture RISC-V, the programming language Rust, and the cross-platform desktop application development tool Electron. These are all driven by him, but they mainly rely on external forces rather than internally developed projects. .

The efforts of "craftsmen" are lonely, private, and very lonely, but Quli and the others still have to inspire employees to do bigger, longer-term, and more basic things. What to do? Select those efforts that are not obvious in the segmented fields, but can really solve practical problems and support business development.

Take ChatGPT, for example. Domestic technology companies have been bragging about it for so long, but no one can persist in the field of large models for a long time until others break through, then work hard to catch up, and then stay far ahead. How does this work? The leadership term may be one or two years, and some things may take several years to be effective. Without protecting and motivating the "craftsman spirit", how can we do longer-term and more basic things?

"In addition to rewarding "craftsmen" for their small breakthroughs, we also need to inspire employees through our vision and mission and provide them with a meaningful work platform." Qu Li stood on the stage and set a new goal for Glory.

"Learn from Apple to develop our own operating systems and chips, covering PCs, smart terminals and car systems, and develop products that surpass Apple in all aspects." Qu Li is also strange. On the one hand, he is afraid of sanctions from the US emperor, and on the other hand, he is constantly in danger He is on the verge of committing suicide because he is afraid that others will not see his "show". (End of chapter)