470. Modesty
Whether it is Fu Xia, Li Aijun, or even Ping Song, they have made rapid progress in the past three years, but with the expansion of scale, the success rate of integration with each other is also decreasing. Pen, fun, pavilion www. biquge。 info
What are the opportunities and potential risks in integration, and what are the new trends?
Li and himself don't understand whether they have reached the stage where they need to integrate resources, and how to carry out integration behaviors.
But one thing Li He is very clear about is that due to the maturity of each person in the market and the growth of China's economy itself, each factory has reached a certain stage.
At this stage, Li He is not very determined to do industrial integration and mergers and acquisitions, he believes that the adjustment of the industrial structure of China's traditional industries will take some time, and the current industrial structure presents a small, scattered and weak pattern.
Li He knows very well that in a few years, because the market scale is very attractive, and the industrial prospects are very promising, as a result, a large number of businessmen have poured into those emerging industries, from steel to chemical industry to petroleum to metal to automobile, everyone from all walks of life has come to engage in it, and batches of manufacturers have sprung up like mushrooms after a rain.
As long as it is a low-level, low-starting point repeated construction, then there will be a situation of manufacturers and vicious competition, the result is that everyone is fighting a price war, hitting the market order chaos, often leading to the whole industry loss or small profits, the industry as a whole failure.
Manufacturers in the industry are struggling to survive and are at a loss. This was the characteristic of the industry in the Morgan era in the United States more than 100 years ago. This stage of China must go through, and the vocabulary that describes the characteristics of the industry in the United States at that time can be used to describe the state of China's industry in the next few years.
For example, duplicate construction, a large number of manufacturers, vicious competition, price wars, market order chaos and so on. But he had to integrate, because if he didn't integrate, the bottleneck of transformation that he would face soon would be more urgent, and he would hit the ceiling at the earliest, and it was entirely possible for them to drag him back in the general direction.
The overall development of the industry in China is uneven, and some industries have a very high degree of industrial concentration, and the industry is in the stage of overcapacity.
For the new economy industry, the leading enterprises have not yet been born, or the leading enterprises that have not been born have not surpassed the very excellent operational efficiency and business model of other enterprises, and Li He is actively observing the opportunities for industrial integration.
From 1990 to the present, China's industrial mergers and acquisitions have been taking place, but after these two years, it will be more frequent, and the next few years should be the high-frequency stage of mergers and acquisitions.
In short, the imbalance of China's industrial capital is precisely the current investment opportunity for Li He.
He has long been fully involved in holding investment, and currently has invested in many companies. Many companies in emerging fields have just come out, but in fact, there are many opportunities for mergers and acquisitions in traditional industries.
Some are horizontal mergers and acquisitions in the same industry, and some are vertical expansion of the industrial chain.
His greatest hope is to shape one or two leading companies through mergers and acquisitions. Resources will become more and more concentrated.
Real estate, finance, materials, energy, etc., are all important areas of mergers and acquisitions.
So now for Li He, the integration strategy can be used as a means of exit for him and give them the opportunity to be independent, after all, they have been with him for all these years, and he should give them a piece of the world for themselves. Of course, it can also be used as a way to continue to cooperate to expand the main business and corresponding industries, and it can also be used as a way to further integrate value when an industry enters the plateau period.
Li He's style of play, unlike many entrepreneurs' equity investment ideas, requires a professional team with industrial and financial capabilities, and can have corresponding investment capabilities in different markets at home and abroad to carry out corresponding operations.
His development is completely based on the prophetic know, and he does not play much role in the entrepreneurial team, and it is Ping Song and Li Aijun who suffer the most, so he has both guilt and gratitude.
At this time, he wants to integrate out of thin air, and he must always consider their feelings, give them the right to choose freely, and take care of the friendship for so many years.
Ping Song looked at Fu Biao and said nonchalantly, "I follow Brother Er Biao, led by Brother Er Biao, and I listen to him." ”
When he said this, he was arrogant, but whether it was his true thoughts or not, only he knew it, because in terms of level, although he used to follow Er Biao, his current status will not be worse than Er Biao.
Sijiu Chengman inquired, and there were few who didn't know about his boss.
Er Biao saw that Li He also lit a cigarette, and also lit one, and said with a smile, "You kid don't say sour words, in the past, everyone was together, relying on fists, I relied on some physical strength, and you also lifted me, I took it." But now it's different, as Brother Li often says, you have to rely on your brain to eat. ”
With Li Hezai, he is not easy to take big, and he is also approachable to Pingsong.
Li He asked Su Ming, "What do you mean?"
"Both of them are stupid roe deer, and I still want you to take the idea. Su Ming suddenly felt a little alienated from Li He, and he felt a little uncomfortable in his heart.
Guo Dongyun interjected at this time, "I think Mr. Ping and Mr. Fu are both very capable people, but there is no need to integrate." Everyone here has real estate under their names, and if it is really integrated, it will be a super-large-scale real estate company. ”
Li He flicked off the ash of his cigarette and said, "You go on." ”
Guo Dongyun continued, "According to my idea, it can be integrated into four real estate companies, and Mr. Pingsong's Dida Real Estate can be separated from the Dida Group and set up on its own. Mr. Fu Biao's Xiangyang Real Estate is also second to none in the south, and there is no need to merge. The property scale of Mr. Shen Daoru's Grand Real Estate is only under Kwok Bingjiang's Sun Hung Kai. As for Ms. Chan Lap Wah's Fuhua Real Estate, in the field of high-end properties in Hong Kong, it is also limited to Whampoa. The four companies can set up an executive committee to achieve unified accounting standards, overall planning and coordination, and resource sharing. ”
She has thought very clearly now, since these people are not convinced by her, there is no need for her to win over anymore, whether it is serving or fooling, it is not her original intention and character, she might as well start from scratch. In terms of size, the Dida Group is already second to none in the world, and there is no need for her to eat in the same pot with these people anymore.
Li He lit the third cigarette irritably, sighed and said, "That's okay, Pingsong, your real estate company should be independent from the Dida Group." ”
She thought about it, and this is also the reason, in case there is a conflict between Ping Song and Guo Dongyun in the future, he will have to worry about it.
"Thank you, brother. Ping Song and Fu Biao said in unison, and at the same time breathed a sigh of relief, and happily agreed, except for Li He, they definitely don't want to be pressed by others anymore, and it is better to be independent.
Fu Xia didn't wait for Li He to ask, so she hurriedly said, "Feng Lei is still young, and the tannery is still a little unlucky, so leave it to Brother Aijun." ”
Feng Lei also lowered his head and echoed in a low voice, the tannery was his hard work, and he gritted his teeth.
Li Aijun hurriedly waved his hand, "No, no, where do I have so much experience." As far as Feng Lei is concerned, there is no one more careful than this child. ”
He now has a total of two shoe factories, one in Jinjiang and one in the capital, he is very busy, where is he still thinking about the tannery, besides, he really can't look at the benefits of the tannery. The main purpose of opening a tannery was to ensure the supply of his shoe factory.
"Then Feng Lei. When you get a discount, you can do as much as you want. Li He saw that Li Aijun was sincere, and he was willing to give Feng Lei a chance.
"That..."Feng Lei looked at Fu Xia hesitantly, he still needed Fu Xia to call the shots.
Fu Xia smiled and said, "Why are you stupid, your big brother Aijun gave you a chance, hurry up and thank you." ”
Feng Lei stood up happily and said, "Thank you, Brother Aijun, thank you, Brother Aijun!"
He was very excited.
Li Aijun said with a smile, "Don't be too happy, you can't cut off my goods if you talk ugly ahead." ”
Feng Lei said confidently, "If I mistake your business, you can whip me with a shoehorn!"
Another burst of laughter.
The least confident is Williams, he is afraid that his electrical appliance store will be merged into Lupo's name, in terms of qualifications and ability, he is not as good as Lupo's!
The most important thing is that Li He has always looked down on him.
At this time, he didn't dare to speak nonsense, otherwise it would be self-defeating, and he would have no place to cry!
Not only was he nervous, but the Huang brothers who were sitting in the second row were all nervous, and the electrical appliance store was also the hard work of his brothers!
If you make wedding clothes for others, they can be willing to be weird!