Bruce, who sat at the end of William's left side, was always the most nervous, and the previous question scared Bruce, who was in charge of the municipal government's industrial and commercial bureau and the Normandy consortium, into a cold sweat.

Luckily, instead of blaming him, William turned to the cause of the problem, thinking for a moment and coming up with three solutions that Bruce thought worked very well.

Maybe the young genius that everyone often talks about is talking about his master, His Royal Highness William!

Hearing William's new demands and initiatives again, Bruce immediately lifted his spirits, clenched the quill in his hand, and began to record again on the parchment.

William, who was sitting at the top, stood up and confidently began to explain to everyone present: "The so-called partnership system, in fact, I divide it into two categories. One is an internal partner, and the other is an external partner.

Among them, the internal partner is a more advanced position than a professional manager, he has a certain degree of project autonomy, can get the profit share and year-end dividends of the project he is responsible for, and can also obtain the top shares that only have the right to dividends. ”

As he spoke, William then began to explain what a top stock is.

The so-called top stock was created by William with reference to the shareholding system of Jin Shang, that is, in the share composition of the enterprise, in addition to the silver shares of the investors, there are also the personal shares held by professional managers and senior employees. In fact, the top stock does not contribute a penny, but relies on its own labor, so it is also called a labor stock in some places. Silver shares are de facto capital shares, while body shares are purely income shares.

The top stock system is actually the prototype of stock options, and this top stock system is essentially an incentive mechanism. It is conducive to mobilizing the enthusiasm of employees, avoiding theft in the enterprise, and ensuring the safety of funds.

Bruce in the audience listened to William's explanation of the partnership system and the top stock system, and only felt that it was like a treasure, and the problems encountered when managing the Normandy consortium before, such as people and theft in the consortium, Bruce thought that the partnership system and the top stock system could solve it well.

The more Bruce listened, the more fascinated his eyes lit up, but he did not spare a moment in his hand to transcribe William's exposition and explanation without missing a word.

Everyone present was also in a similar state to Bruce, and they were amazed by William's ingenuity and the novel corporate management mechanism he proposed.

Although they did not manage the business system, they had something to gain from both of the systems proposed by William, and thought they could be used well in other areas.

"The second type of external partners, I define them as the peripheral forces of the Normandy consortium, will cooperate with some commercial projects that can be expanded outward with the local powerful class, absorb them into the peripheral members of the Normandy consortium, and do not hesitate to give equity to the cooperative projects."

Speaking of this, William paused, looked around at everyone, saw that everyone was listening with serious expressions, nodded and continued: "Here, I classify these partners, among which those who are responsible for a project are called junior partners, those who are in charge of an enterprise are called intermediate partners, those who are in charge of an industrial group are called senior partners, and those who are finally responsible for the operation and decision-making of the consortium are called associate partners. Among them, Uncle Adolf, Bruce, Steward Osborne, and Sir Hubert can all be called joint partners. ”

These new theories and new management systems are unheard of before, which are not only effective management methods for managing a large business group, but also have a lot of inspiration for the management of territories and cities.

Baron Adolf, who had always loved to read and learn, was fascinated by these theories when he first heard them, and was as firmly attracted to them as Bruce did, nodding his head in agreement from time to time, and the quill pen in his hand kept recording all the time.

Osborne, who sat second to William's right, was unfamiliar with business and knew little about these new theories.

So at this time, looking at William who was like an evangelist on the stage, and watching Baron Adolph and Bruce, who looked like devout disciples, intently recording every word William said, Steward Osborne was really a little confused.

He glanced at Sir Hubert, who also had an excited expression, but with his own understanding of Sir Hubert, Steward Osborne felt that he was only half-understood.

Still, this does not prevent the steward of Osborne from being proud of his little master, His Royal Highness William.

Listening attentively to William's partnership system and top stock system, Osborne's butler who has some income has also learned to use it, I don't know why it doesn't matter, as long as I know what it is.

Just like when Osborne's steward managed the manor on behalf of Duke Robert and His Royal Highness William, some manor stewards like to fill their own pockets and overdo things, and sometimes they even steal the master's grain and sell it, and the manor that is too far away from Rouen is even more chaotic and disorderly.

Combined with his actual situation, he can have a preliminary understanding of the two management systems proposed by William, and have his own understanding and opinions.

In Osborne's view, manors that are remote and have weak control ability can refer to the system of external partners and give the manor manager a certain land use right; For the manor that has the ability to control, according to the internal partner system and the top share system, the manor manager is given a certain share of the manor's income.

In this way, it can effectively solve the problem of the manor steward's inaction and inaction.

Finally after expounding his theory and management system, William at the head spoke dryly, sat down to drink boiling water, nodded and continued: "If we want to prosper the commerce of Alençon, we cannot only rely on foreign merchants to do business in Alençon, but also need the Normandy consortium to adopt various flexible means to open trading stations and operate trade in other places.

Especially the trade in grain, iron and salt, these resources are strategic resources that we lack, and we cannot let these merchants get stuck in our necks! ”

"Yes, Your Highness William, I will do my best." Bruce, who was in charge of the Normandy consortium, stood up and bowed.

"Well, Bruce, sit down, I hope to see your results during this time!"

As he spoke, William turned his head and consulted with Baron Adolf, who was sitting on his right side, "Uncle Adolf, this evening I have ordered Knight Nelson to lead people to clean up the black market in Alençon City and transform it into a bazaar. Please cooperate with the Nelson Knights and do a good job of transforming the black market and dispatching tax collectors. ”

"Okay, William, I'll get it right." Baron Adolf nodded in response, and sighed from the bottom of his heart: "William, these two theories you put forward alone are enough to make you a famous scholar!" ”