035 Cornered to perfection
Even if it is not the top, the mountains that are not as high as it can be seen at a glance.
And when you are still on the mountainside or at the foot of the mountain, the summit and the way to the mountain are always mysterious and full of unknowns.
This is the case with Chenhui's project. The target seems to be close at hand, but the flowers are blind. No one knows how long it will take to finally solve the problem.
Of course, Ankang didn't want to leave the Chenhui project, and he had invested too much time and energy into the project. These time, energy, and the company's capital are more than just sunk costs for Ankang.
Ankang is not sad about these sunk costs and does not want to give up on the project. He had high hopes for the project. A year ago, he unearthed a company like Chenhui Technology from many TMT projects, and in addition to their technical advantages and the market prospects of their products, he valued more people in the management team.
In order to do this project, the chairman of Chenhui Company took the two houses in his family to the bank as a mortgage. In Shanghai, a first-tier city, what is the concept of mortgaging two houses in 2008, when housing prices are still rising? Once the project fails, in addition to losing two suites, Chairman Chenhui will also lose the dividends of rising housing prices.
If a house is worth $3 million, the loan at 70% of the market price is $2.1 million. After a few years, if the project fails and the money cannot be repaid, then the house with a market value of 3 million yuan will be taken away by the bank after the value rises to 4 million.
The pressure on Ankang is great, and the pressure on this chairman is even greater. Ankang's pressure comes from the fact that the failure of the project investment will affect his position in the company, and the pressure of Chairman Chenhui comes from his gambling on his life.
In addition to the chairman, the same is true for other senior management, including the general manager. They were originally employed in other units, and the salary and benefits were good. For Chenhui's project, in addition to giving up a stable income, they also worked overtime day and night to do the project without any remuneration and income.
Even the general manager who Zheng Lichen questioned why he went to Europe with technicians is not just a manager, he is also a core technician, and he is also the head of the R&D team.
This automated processing equipment project is definitely only a success and not a failure for the people of Chenhui. They are already cornered, and now they are like Xiang Yu, the overlord of Western Chu, who is like the overlord of Western Chu, who is wrecked in the cauldron, fighting against the water, and moving forward bravely without retreating.
At this time, Chenhui Technology will become a benevolent if it is not successful.
With such a team in charge of the project, and such a group of people with dreams, passion, technology, ability, and execution to take on the main responsibilities of the project, how can Ankang not feel at ease? How could Ankang not have high expectations for them? How could Ankang bear to give up when he encountered an obstacle?
In Ankang's view, most of the people in Chenhui are William Thomson, who will not give up until he achieves his goal. Having learned about William Thomson's legacy, Ankang naturally expects from the group at Sunrise because they face far less difficulty than Thomson, and their projects are not in the spotlight and therefore face much less pressure.
Moreover, Chenhui has developed a first-generation product, and is currently just polishing the details of this first-generation product. Now the research and development is mainly two focuses, one is the stability of the product, the other is the accuracy of the product.
Even if the current research and development is not successful, it is not impossible to put the first generation of the product that has already taken shape to the market and sell it. Even if it doesn't make the company profitable, at least some of the cash can be recovered to cover the upfront R&D investment.
With the sales of this first-generation product as a planb, Ankang's risk rating of Chenhui's project is actually not bad, because the risk is controllable after all.
However, Chenhui's management team was not in a hurry to assemble a sales force to sell the original product, because this group of people were very serious, perfectionist-minded people with the unique cleanliness habits of engineers. Their research results, their products, are like their own children, and they strive to take care of them to make them perfect.
Regarding this kind of plot of the management team, Ankang also reminded more than once: "Perfection is of course a good thing, but there is a price to pay for achieving perfection, and the process is also very difficult." For example, it is relatively easy for a student with mediocre qualifications to improve from 60 to 80 points, but it is not easy to improve a student from 90 to 100 points. The same is true for R&D, the closer you get to perfection, the more time, effort, and money you need. ”
Chenhui's people understand Ankang's reminder very well, after all, they are a group of masters and doctors in science and engineering, and their grasp of statistics and statistical curves is much stronger than Ankang's, so Ankang's words can be regarded as a little thorough.
Therefore, the people of Chenhui are not a group of paranoid people who have to score 100 points, they just rationally hope to approach 100% perfection under the premise of controllable cost. This was done numerically by the CFOs of Ankang and Chenhui to set a satisfactory budget for the near future.
Just when Ankang was about to discuss the recent budget with the chairman and general manager with Chenhui's CFO, Zheng Lichen, the general manager of Ankang Company, set a time node with him to stop the loss before the end of the year.
After Ankang told the chairman and general manager of Chenhui about the time frame set by Zheng Lichen for him, they fell into deep anxiety.
Although Ankang helped them introduce experts from the UK and Germany, and the experts from both countries were eager to join the research and development work, it was difficult for them to solve the problem in a matter of months.
For the two main problems of stability and accuracy, the latter is relatively more efficient to solve. However, stability requires a lot of testing to get enough data for statistical and analytical purposes.
If there are not enough samples, or if the test time is not enough, it will affect the conclusion of the stability analysis. If this problem is not solved and only the accuracy problem is solved, then it is equivalent to not solving the main problem.
But there are only three or four months left for Ankang and Chenhui.
"Is there any other way? For example, asking a peer to help with testing to speed up the process? Ankang tried to come up with his ideas.
It's not uncommon for tech companies to request peer support due to limitations in the number of devices or testers. Since Ankang came into contact with TMT project investment, he has slowly become an expert in half of the industry and knows that there is such cooperation in the TMT industry.
The chairman shook his head: "We have already contacted our peers, and there are no corresponding resources yet." ”
The general manager said: "We have always asked our peers to help test the software, but we can't find a good partner for the hardware test. Unless it's looking for a few foreign competitors. Of course they can't help us. ”
"What about the universities?"
"What they have is only experimental equipment, which is different from the environment in which the factory is used. This stability test must be carried out 100% in a real-world environment. ”
Ankang returned to the company from Zhangjiang, and he was very depressed, and he didn't even listen carefully to the investment project analysis meeting in the afternoon. Because the small projects he was responsible for were not worth mentioning, and the largest project of Chenhui was well known. It is no different to analyze or not to analyze.
Zheng Lichen can also be regarded as kind-hearted, and did not talk too much about the Ankang project at the meeting.