Rebirth of the Wild Age

Of course, not all entrepreneurs will go downstairs to get close to Song Weiyang, the top ones have their own reserve and arrogance.

Wang Shitou didn't come from upstairs either. He lived in a villa next to the golf course. He walked all the way to the venue hotel, and happened to meet Song Weiyang pulling everyone to watch the car, so he also came to join in the fun to pass the time.

This person has lived a very chic life in the past few years. Because of cardiovascular disease, the doctor asserted that he could only spend the rest of his life in a wheelchair, so he fell in love with climbing exercises that can expand the cardiovascular system. He climbed first the highest mountain in Africa, then the highest in North America, and last year even summited Mount Everest.

Then, Wang Shitou completely became a social celebrity from an entrepreneur. China Mobile, Motorola, and Volkswagen successively invited Wang Shitou to speak for him. His social popularity is comparable to that of an entertainment star, and his popularity is crushing all the stars.

At this time, Wang Shitou is as famous as the future President of Sichuan, because they both like to put on a show, so they are often compared by Chinese and foreign media.

Wang Shitou has completely become a hands-off shopkeeper, often not returning to the company for two or three months. But the farther he is from the company, the greater his influence and brand contribution to the company. Vanke somehow has a romantic temperament of fearless and climbing to the top.

Wang Shitou himself has become fearless. Some time ago, he participated in an entrepreneur forum, and when discussing corporate ethics, he said: Vanke is honest and law-abiding, and has never paid bribes!

The host of the conference was also a tough guy. He directly asked the entrepreneurs at the scene: Who dares to say that you have never paid bribes? Please raise your hands if you haven't.

Hundreds of company executives looked at each other, confused by the host's question. After a while, only a few slowly raised their hands, and the rest of the bosses didn't want to take up the matter at all. Can this matter be discussed in a public place? They are all so sick!

Coming to the venue upstairs, Song Weiyang happened to meet Mr. Yang of Lenovo, and he took the initiative to shake hands and said, Mr. Yang, congratulations!

Boss Song is being polite, why am I so happy? Mr. Yang said with a smile.

Song Weiyang also smiled and said, I congratulate Lenovo in advance on the acquisition.

Mr. Yang asked in surprise, How does Boss Song know?

Song Weiyang said with a smile: IBM also contacted Shenzhou Technology. I don't have that much money, so I just rejected it. It's still not as rich as Lenovo.

Song Weiyang is too modest. The business of Shenzhou Science and Technology is so prosperous, how can he say that he has no money? Mr. Yang's smile was a little stiff.

In fact, IBM started to contact Lenovo last year, and finally entered the substantive negotiation stage this summer. Then Lenovo convened a general meeting of shareholders to vote, and all shareholders voted against the acquisition. Mr. Liu had no choice but to personally veto the objections of all shareholders, and finally facilitated the marriage between Lenovo and IBM.

When the dust of the acquisition case was settled, Mr. Liu asked how many people were optimistic about the acquisition when he was teaching in Peking University's MBA executive class. As a result, only three of the 93 students in the class (all executives of the company) raised their hands, and two of them were Lenovo department managers.

It cannot be said that Mr. Liu and Mr. Yang are stupid, nor can it be said that they did something wrong. They are just making a big gamble. This big gamble allowed Lenovo to save face and gain unprecedented attention and support for Lenovo, but it also planted endless troubles for Lenovo.

Have you ever seen a snake swallowing an elephant?

In reality, pythons often devour large animals such as antelopes and crocodiles raw, and sometimes pythons even burst their bellies. Even if the stomach is not broken, it can only lie still to digest the food. At this time, anyone can kill the python with a stone.

This is the case with Lenovo's M\u0026A business. Not only did Lenovo drain all of its funds, but it also allowed Lenovo to replace some of its stocks and owe a whole lot of debt. Lenovo, which was originally extremely well-funded, can only be like a well-fed python in the next few years, devoting all its energy to digesting the newly acquired PC business, missing countless investment opportunities, and also missing the most critical transition period .

It would be fine if I could digest it, but I couldn't digest it, couldn't spit it out, couldn't pull it out, and it was so uncomfortable that I was holding it in my stomach all the time.

In the ten years after the acquisition, the ibm business that Lenovo bought out of its fortune only made a profit for one month, and lost money for the rest of the time. Lenovo has to use the money it earns from the Chinese market to support the European and American markets day after day, hoping to revitalize the European and American markets one day.

The most fatal thing is not these, the acquisition directly tied Lenovo's development route to death, that is internationalization!

The troika of Willow, Yang, and Horse was originally good, but because of the implementation of the international development route, the two Liu Ma retired directly, and hired many foreigners to serve as Lenovo executives. As a result, not only did Lenovo fail to do a good job in internationalization, but under the leadership of foreign executives, it messed up its local market strategy, and was frantically seized by Dell and HP in the Chinese market.

The vicious circle thus triggered grows like a snowball.

The overseas market keeps losing money, and the local market is also losing money. What should we do? Lenovo dumped the unprofitable business to the channel dealers, and the channel dealers tried every means to steal money from customers. Customers have grievances in their hearts, and channel vendors also have grievances. These grievances ushered in a big explosion after a backlog of five or six years.

At that time, Mr. Yang couldn't control the situation anymore, and Mr. Liu, who had retired for many years, had to come out of the mountain again, telling Lenovo's foreigner bosses to leave directly. Mr. Liu himself became the chairman, Mr. Yang became the CEO, and he promoted the local young man to be the chief executive of the business. He carried out two reorganizations within a year, and frantically laid off employees to save money.

At that time, after the financial crisis in 2008, the state allocated 4 trillion yuan to boost domestic demand. Lenovo does not call for internationalization any more. Taking advantage of this shareholder style to send home appliances to the countryside, to put it bluntly, it admits the failure of the high-end internationalization route and returned to the low-end market-grabbing route in the mid-to-late 1990s. Even the main product in the early 21st century There is no compulsion in the mid-range market.

Well, Lenovo's market value has also been brought back to the level of the late 1990s, which is less than one-sixth of the peak market value before the acquisition (2010 data).

The most important reason why Lenovo turned into that ghost later was the ibm acquisition, which was a serious consequence of the snake swallowing an elephant.

And this kind of consequence has always existed. After Mr. Liu came out again, because he shifted his focus back to the local market, various marketing methods took off. Lenovo's profit in that year increased by 148% over the same period. However, relying on the recovery of blood in China, Lenovo continued to pursue its internationalization route because it had to do so.

Still the same sentence, if you eat something in your stomach, you can’t spit it out or pull it out. You have to digest it forcibly before you can cut open your stomach to remove foreign objects. Melted into one.

Mr. Yang was obviously not in high spirits today, and sat with his head drooping all the time. It was his turn to speak before changing into a smiling face.

This can't be helped. Since Mr. Yang took charge of Lenovo, all investment projects have been thrown into the street, and the local market has been eroded by brands such as China, HP, Dell, and tcl. Earlier this year, he even made a large number of layoffs. Whether it is social influence or prestige within Lenovo, Mr. Yang has fallen to the extreme, and it was not until the acquisition of the business that he saved his face and directly climbed to the top.

In the past, Shenzhou was compared with Lenovo, such as Southern Song Dynasty and North Willow, Southern Shenzhou and Northern Yang. Now the media only talk about Southern Song Dynasty and Northern Willow, and no longer mention Southern Shenbei Yang, because Shen Fuxing led China's technology to flourish, but Mr. Yang made Lenovo worse day by day.

Compared with Mr. Yang's lack of energy, Wang Shitou was as active as ever, standing on the stage and talking about entrepreneurship. He also compared this year's economic turmoil to a blizzard while climbing a mountain, saying that only by gritting your teeth and persevering can you survive, and if you hesitate, you will only freeze to death on the mountainside.

Lenovo, Vanke and Haier were all founded in 1984, and this year is their 20th birthday.

Haier's Mr. Zhang was also invited to give a speech on stage, enumerating the difficulties he encountered in the past 20 years, and talking about his experience and lessons in the past 20 years. In fact, Mr. Zhang was badly criticized by Lang Xianping not long ago, and Haier's capital chain is extremely tight at this time due to its rapid overseas expansion, which can be said to be heavily in debt. Mr. Zhang's heart is also very tired. If he wants to tell the truth, it must be: I am too difficult!

Lang Xianping has sprayed a lot of people this year, and because of this, he has become famous and well-known by people all over the country, and he is known as a star economist.

In June, he criticized Mr. Li of TCL, saying that TCL's shareholding reform was to dilute state-owned assets, and Mr. Li made a profit of more than 1 billion. But he didn't want to think about it. When Mr. Li entered TCL, it was just a small workshop, and his hard work for more than 20 years was worth that little salary? How to explain to executives without share reform? How will the company continue? Continuing to run a purely state-owned enterprise can guarantee that the next boss will not mess around?

In August, he was again accused of embezzlement of state-owned assets by Haier's Mr. Zhang, and he was arrested without stopping Mr. Gu of Kelong to complain.

The three people who were sprayed had different reactions. Mr. Li of tcl chose to remain silent, and Mr. Zhang of Haier only replied: Sorry, Haier is not a state-owned enterprise. Professor Lang, you sprayed the wrong person.

Kelong's Gu always had a violent temper. He felt that he had nothing wrong with him, so he directly chose to argue with Lang Xianping in the air, which made the public opinion bigger and bigger, and the whole people joined in the big discussion. The three major portals even held a poll, and 90% of the netizens thought there was something wrong with Mr. Gu. As a result, the National Audit Office intervened in the investigation, and Kelon's stock fell accordingly. Mr. Gu was sentenced to 10 years in the first instance and 5 years in the final instance.

The reason for Mr. Gu's accident was not that the management engaged in MBO, but that he was too aggressive when acquiring other state-owned enterprises. To put it bluntly, President Li of tcl is reorganizing his own company, while President Gu is using this method to eat up other companies, and he has eaten up more than one company. His hand is too long.

Well, today's Entrepreneur Forum has invited Professor Lang, who is spreading rumors everywhere...

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