Reborn in 2011, 985 missing from two copies

In 2012, Midea's revenue and profits both dropped sharply, and its founder, Mr. He, retreated to the second line.

To everyone's surprise, the position of chairman of the group was not given to his two daughters, even though both daughters were business geniuses and had made great careers.

Instead, it was handed over to Fang Bo who climbed up from the bottom.

Fang Bo has outstanding abilities, especially in management, which is better than Mr. He, but Fang Bo, who had just taken office, had an unstable foundation.

Even if Mr. He has retired, Midea's shareholders, senior executives, vice presidents, and managers are all Mr. He's people.

There is no doubt about this.

To put it bluntly, although Fang Bo has the title of chairman, he is just Mr. He's henchman, and Mr. He has the final say in everything.

Naturally, the ambitious Fang Bo found this difficult to accept.

What's more, Fang Bo is disgusted by Midea's current bloated and corrupt organizational structure and is determined to make drastic reforms and rejuvenate the management team.

Even if Mr. He supports this, those powerful people such as vice presidents and managers will oppose it.

After all, the people Fang Bo wanted to get rid of were them and their confidants.

Fang Bo's strategy to break the impasse requires a financial sponsor with strong strength and promising future to firmly support him!

Without a doubt, Wang Yi is the best choice.

Originally, Fang Bo was still considering how to find an opportunity to introduce strategic investment from Xingyi Technology.

After all, this matter is not that easy. On one side is Xingyi Technology, and on the other side is Mr. He of Midea.

With Fang Bo's actions, it is hard for Mr. He not to suspect that he has become too powerful and wants to use Wang Yi to suppress Mr. He's power.

It was not until Xingyi Technology proposed Xingyi Smart Home, aimed at IOT, and wanted to cooperate with all enterprises on an open platform that Fang Bo saw the opportunity.

So when Mr. Liu came to his house, Fang Bo readily agreed. His only request was that Mr. Wang come in person to discuss the investment.

If Xingyi Smart Home wants to develop, it also needs this general from Midea!

Gree focuses on air conditioners, while Midea does everything.

As long as Midea joins Xingyi Smart Home, Xingyi Smart Home will definitely have a bright future.

Fang Bo needs Wang Yi's support to gain a firm foothold in Midea, and Xingyi Smart Home also needs Midea's participation to develop rapidly and become bigger and stronger.

It can be said that this is a cooperation that both parties are working hard for.

Fang Bo felt that he was lucky.

"Mr. Wang, you are too polite. The cooperation between Midea and Xingyi Intelligent Home is in the interests of both parties. I also have to thank you for giving Midea this opportunity."

Fang Bo was very humble when asking for help.

Wang Yi smiled: "Mr. Fang is too serious. It's just a win-win situation. As for beauty, I actually like you better!"

In 2012, before Fang Bo took office, Midea's revenue and profits were half of Gree's.

After Fang Bo came to power, he carried out drastic reforms, and Midea's revenue and profits became 2.5 times that of Gree!

There are few such talents in the whole country.

If Fang Bo had not become the chairman of Midea and had not worked in Midea for 20 years, with such deep interests involved, Wang Yi would have wanted to poach Fang Bo and use him for his own purposes.

But it’s good now. After investing in Midea and becoming a major shareholder of Midea, Fang Bo will then be half of its own.

"Thank you Mr. Wang for your appreciation." Fang Bo was in a good mood.

There is nothing better than being valued by someone great.

That’s right, in Fang Bo’s eyes, Wang Yi, who frequently creates myths, is that master.

"Mr. Wang, please come this way. This is our Midea R&D Center."

"This is our newly established smart business division, which is dedicated to connecting with Xingyi Smart Home!"

Fang Bo introduced them one by one, and Wang Yi was in a good mood.

As a white goods giant with similar valuation and revenue, Haier only wants to go against the competition and refuses to join Xingyi Smart Home.

However, Midea took the initiative to join and even set up a new department to connect with Xingyi Smart Home.

No contrast, no harm.

It deserves that in the future Midea will be equal to two Haiers.

The difference in pattern determines the difference in future.

Wang Yi was very satisfied: "Let the people below connect with Xingyi Zhijia for cooperation, and let's talk about the investment."

Since the other party is so capable of dealing with trouble, Wang Yi cannot help but express his opinion.

People respect me one foot, and I respect others ten feet.

What's more, Midea has a future, and Fangbo also has a future. Both are high-quality stocks that will appreciate more than ten times in the future and are worth investing in.

"Director Wang is so straightforward!" Fang Bo was overjoyed: "To be honest, although I have become the chairman, but..."

“But most people on the board of directors listen to Mr. He,” Wang Yi said with a smile.

Fang Bo was somewhat helpless: "Yes, to put it nicely, I am the chairman of Midea. To put it bluntly, I am just a professional manager, an employee of the former chairman."

"Midea's revenue and profits both plummeted this year, so I was entrusted with the task of solving the problem. If the problem is solved well, I may not get much credit. If it is not handled well, it will be my responsibility."

These few words reveal Fang Bo's situation.

If Midea's revenue and profits had not both declined, Mr. He would not have stepped down and Fang Bo would not have been able to take over.

"But the problem is that there are many problems with Midea at the moment, which are very troublesome. Especially the management, which is relatively old, conservative in ideas, and old-fashioned in behavior. They simply cannot keep up with the Internet era and the pace of the 21st century!"

Fang Bo became more and more angry as he spoke: "There are some old people who obviously cannot keep up with Midea's development in terms of ability and thinking, but they still regard themselves as Midea's 20-year veterans and think they have made outstanding contributions. However, they hinder Midea's development and my innovation at every turn."

"And these people can't be moved! If they can't be moved, my reforms can't be pushed forward. Midea's development will also be difficult!"

Fang Bo complained bitterly, but Wang Yi was expecting it.

When Fang Bo came to power in his previous life, his reforms encountered many obstacles and received a lot of opposition.

It was not until after 2015 that the preliminary work was completed, allowing the subsequent all-round reforms to be smoothly promoted, allowing Midea to take off in an all-round way.

Wang Yi said, "Director Fang, can you tell me how you plan to reform Midea?"

Fang Bo nodded: "First of all, Midea Group and Midea Electric Appliances are two companies now. Neither of them can go public if they are separated. They can only be merged! But after the merger, the management is too bloated."

Wang Yi agreed with this point.

Now, Midea Group has one management team and Midea Electric Appliances has another management team, which makes two teams in total.

After the merger, one management team is actually enough.

Those extra management personnel will have to resign.

The management could not accept this and no one was willing to resign.

This is also a major reason hindering Midea's merger and development, and also a major reason hindering Fang Bo's promotion of reform.

Fang Bo sighed: "Mr. Wang, there are 20 management staff out of the 2.5 employees in Midea. It's too bloated!"

Wang Yi fell silent: "..."

This ratio, eight to one, is crazy.

No wonder Midea’s revenue and profits both declined.

On average, there is one manager for every eight employees. This organizational structure is useless in any company.

You know, in any organization, too many management levels are a burden, or even a cancer!