Chapter 0088 Business Ideas
At one o'clock in the afternoon, a meeting was held in the chairman's conference room, which was attended by Zhao Weidong, chairman of the group, Lingjun, president of the group, Alice, secretary to the chairman, Abt, president of investment banking, Brian, vice president of investment banking, Alison, vice president of investment banking, Austin, vice president of investment banking, Alina, chief financial officer of investment banking, April President, President of New York Branch, Anthony, President of Los Angeles Branch, Angus, President of Chicago Branch, Boris, President of Houston Branch, Edward, President of Philadelphia Branch, Douglas, President of Detroit Branch, Edwin, President of San Francisco Branch, Joyce, President of Boston Branch, Eric of Pittsburgh Branch, Garfield, President of Atlanta Branch.
The meeting was presided over by Abt, president of the investment bank, who first introduced the senior management of the investment bank participating in the meeting to Zhao Weidong, chairman of the group, and Ji Lingjun, president of the group, and the presidents of the ten major branches, and also introduced the chairman and president of the group company to the investment bank.
After the introduction, on behalf of the investment bank, Abt reported on the company's establishment more than a year ago, the company's struggle from small to large, from weak to strong, for the group company designated to acquire the United States Altria Group, the United States Kraft Foods, the United States Renault Tobacco Holdings, the United States ExxonMobil, the United States Coca-Cola Company shares, without causing abnormal market fluctuations, on the premise of not causing abnormal market fluctuations, has acquired 5 companies shares of 26 billion US dollars.
A total of 38.5 billion US dollars has been invested to complete the acquisition of 4 enterprises, one is a large aircraft manufacturing Co., Ltd., one is an automobile manufacturing Co., Ltd., one is a program-controlled telephone equipment manufacturing Co., Ltd., and the other is Wal-Mart Department Store Co., Ltd., investing 10 billion US dollars to purchase fixed assets and has set up ten investment bank city branches, which are now in the stage of employee recruitment.
After the report on behalf of the investment bank, Zhao Weidong made an enthusiastic speech, fully affirming the achievements of the investment bank in all aspects of the previous stage, and describing the bright prospects for the development of the bank.
The capable and the mediocre are down, the performance appraisal system is strictly enforced, and the corresponding salary system is promoted and implemented; All companies should establish a quality management system, standardize management, and manage people and things with a standardized system.
Regarding the business of the ten major branches, the business development plan should be formulated according to the characteristics of their respective cities:
"New York is one of the world's megacities, the largest city and the largest seaport in the United States, the largest financial, trade and cultural center in the United States, located at the mouth of the Hudson River on the northeast coast of the United States, and the largest coastal trade volume in the country.
Los Angeles is the second largest city and an important seaport in the United States. Located in southwestern California, along the Los Angeles River. Los Angeles is the largest industrial and commercial city in the western United States, and among the ports on the Pacific coast, Los Angeles occupies the first place in the throughput of ocean freighters, and Los Angeles is also the tourist center of the western United States, Disney and Hollywood are famous all over the world.
Chicago is the third largest city in the United States and the largest manufacturing center in the United States, located on the southwest shore of Lake Michigan, at the mouth of the Chicago River, in the center of the eastern industrial region and the western agricultural and pastoral areas of the United States. It is the most important aviation center and largest rail hub in the United States, and is an important lake port in the Great Lakes region. Within 500 kilometers of Chicago, 20 percent of the population of the United States is concentrated.
Houston is the fourth largest city in the United States, the largest city in the south, the world-famous emerging petrochemical city, and the third largest port in the United States after New Orleans and New York, ranking second in the country in terms of import and export trade. Houston is also an important financial center in the United States, ranking first among all cities in the South in terms of commercial wholesale and retail, Houston is the aerospace center of the United States, and the National Aeronautics and Space Administration has an aerospace center here.
Philadelphia is the fifth largest city in the United States, officially translated as "Philadelphia", located in the northeast of the United States, Pennsylvania at the mouth of the Delaware River, Philadelphia is a historic city in the United States, the first bank and stock exchange in the United States was born here, Philadelphia is one of the largest freshwater ports in the world, and has an area of about 29 hectares of free trade zone, Philadelphia is also an important railway hub in the country.
Detroit - Motor CityDetroit is a large city in the northern United States, the second largest industrial city in the Great Lakes after Chicago, and is known as the "Motor City". It is located in southeastern Michigan, between Lakes St. Crair and Erie, and is an important port in the Great Lakes region of the United States.
San Francisco is located in northwestern California, at the midpoint of the West Coast of the United States. It is the financial center of the western United States and the second-largest port on the Pacific coast after Los Angeles, and is the most densely populated city in the western United States.
Boston is the capital of Massachusetts, a large city on the northeast coast of the United States, and one of the oldest seaports. The port of Boston is excellent and the port is closer to Europe than other cities on the east coast of the United States, and the long-term maritime trade between Europe and the United States has promoted the development of the city. Boston is home to world-renowned universities such as Harvard University and the Massachusetts Institute of Technology.
Pittsburgh – The steel capital of the United States, Pittsburgh is the steel center of the United States and an important inland waterway freight center, located in the western part of Pennsylvania in the eastern part of the United States. Pittsburgh's proximity to high-quality media and cheap iron ore from the Great Lakes and inland rivers to Subilier has given it the opportunity to develop a steel industry, which accounts for about half of the nation's steel production.
Atlanta is the largest city in the southeastern United States, the capital of Georgia, located in the northwest of the state. The aviation industry is growing rapidly, and Lockheed Aircraft is headquartered in the city. Atlanta is an important transportation hub in the United States. ”
Zhao Weidong's enthusiastic speech enhanced the cohesion of the group, clarified the business development direction of the investment bank, greatly encouraged the entrepreneurial enthusiasm of all the senior management of the bank attending the meeting, and boosted the confidence of all senior management in the future.
After Zhao Weidong finished speaking, Di Lingjun also delivered an important speech, she is the president of the group, so she put forward more targeted and specific requirements for all aspects of work, and also introduced the advantages and benefits of the previous enterprise establishment system, and promised that they can send professionals to guide the establishment of the bank management system.
After Zhao Weidong and Ji Lingjun finished speaking, Abt announced the end of the meeting and told his secretary to bring Mr. Sam to the chairman's reception room. After a while, a tall and thin old man in his sixties strode into the conference room, and Abt immediately stood up and introduced to Zhao Weidong:
"Chairman, this is Mr. Sam. Mr. Sam, this is Mr. Zhao Weidong, the chairman. ”
Zhao Weidong immediately stood up, stepped forward, gave him a warm hug, and said happily:
"Mr. Sam, it's a pleasure to meet you. Come, please be seated. Miss Alice, please make Mr. Sam a cup of coffee. ”
"Thank you, chairman, I don't know what the chairman called me for?"
"Mr. Sam, I really appreciate Mr. Sam's business philosophy of 'selling at a low price, guaranteeing satisfaction' and writing this principle on both sides of Walmart's signboard. You insist that every product should be cheaper than other stores, and in order to achieve this goal, you advocate the business idea of low cost, low fee structure, low price, and giving profits to consumers.
I think this supermarket chain concept is going to be popular all over the world, I want to build the world's largest supermarket chain, I think you are the best candidate for the president of the world's largest supermarket chain, for which I paid double the price of your company's shares, and I am willing to invest another $50 billion to grow this company. ”
Sam Walton was so moved by this that he sold only a fraction of his family's shares in the capital increase.
Because the sale of the family shares would split the family, Sam maintained a controlling position in the family shares, mainly for the sake of sustainability of the business policy, not for financial gain. Because at that time, there were always people who said that the competition in the shopping mall was too tiring, and since you have stocks, you don't have to work too hard, and you should live a leisurely life. Others said that Sam would eventually retire and stop interfering with the company's affairs, and if he couldn't, he would sell his stake to Kmart or Alliance Stores (a competitor at the time).
Sam was upset about this. He is happy to work, willing to compete, and happy to become bigger, stronger and better at Wal-Mart, this is his dream, he doesn't want to give up, and he never stops. However, the stock was listed, and the shareholders did not recognize that Wal-Mart was not very famous.
Those external shareholders are not Wal-Mart people, but investors who pursue returns, and it is difficult for them to accept Wal-Mart's business philosophy, methods and strategies, they think about profits, they are more inclined to big companies, big bosses, and lack of confidence in Wal-Mart stocks, which have caused him great trouble, because the larger the company's scale, the lower the cost, the higher the profit, and the stronger the competitiveness.
Enterprises to expand can not be separated from the support of funds, he listed the company for the purpose of solving the financing problems of enterprises, but after the listing and because the company is too small financing is limited, in order to win the support of investors, from the beginning of the stock listing, they always keep meeting, to their employees, more to investors to explain our business philosophy, ways and strategies, in order to get their support.
I spent a lot of time and energy, but the effect has not been ideal, the development has been limited, and I am not young, I don't know if I can realize my dream in my lifetime, I didn't expect Chairman Zhao Weidong to have such a forward-looking vision, advanced business philosophy, great courage, super strength, with the support of such a boss, their dreams will be realized.
"Chairman, I am so touched by what you say, to be honest, the biggest problem in the development of my company is the bottleneck of funds, and at the same time there are many people who do not understand my business philosophy, and many people reject it, which also causes me a lot of confusion, and now with the understanding and full support of the chairman, there is no problem in the world."