We're building a super chaebol in Hong Kong
#805 - Centralization vs. Decentralization
Miles, far away in Singapore, was also very clear about Tianyuan Investment Company's acquisition of China Bus in Su City.
Singapore and Hong Kong are very closely linked in terms of information transmission. After all, the two cities have too many similarities. In terms of commercial exchanges, they are so close that you are in me and I am in you.
For example, Su Cheng's "Oriental Daily", Jiayi TV, "Knight News", etc., all have their own markets in Singapore.
Like Singapore's Haw Par Corporation, it is also a well-known enterprise in Hong Kong.
There are too many such harmonious developments between the two cities to count.
Because of this, Su Cheng's acquisition of China Bus is a big event. In Singapore, from three-year-old children to eighty-year-old people, it is already a well-known thing. It's just that everyone's performance is relatively flat. After all, Su Cheng's identity is there. In the eyes of many people, acquiring a listed company is just a normal operation, even if the market value of this listed company has now exceeded 1 billion Hong Kong dollars.
He was silent for a while before saying, "Mr. Su, I really haven't considered changing jobs at the moment."
Su Cheng realized that without mentioning the actual benefits, even facing him, Su Cheng, Miles would not easily agree to change jobs. After all, they were only meeting for the first time, and they had never even talked before.
If a few words could easily bring Miles under his control, Li Chaoren would have already persuaded Miles last month. Where would he have given him, Su Cheng, a chance to intercept him!
"Mr. Miles, as far as I know, your annual income at Haw Par Corporation is only over one million US dollars per year. If you come to our China Bus, I dare not guarantee how much this income will be. It is completely no problem to increase your annual income several times. As for how many times, of course, it will be based on the company's situation as a reference.
I also know that Mr. Li Jiacheng is also trying to persuade Mr. Miles to join their Cheung Kong Industrial Group. Mr. Miles is a talent, and everyone loves talents, including me and Mr. Li Jiacheng.
Although China Bus is only a bus company, its market value is not small at all, even higher than the total market value of Mr. Li Jiacheng's Cheung Kong Industrial Group. This is because China Bus has a huge amount of land reserves. This land is also the key reason why I acquired China Bus. I plan to use this land to develop real estate business. Becoming a diversified enterprise in the future is the inevitable path for China Bus.
When the real estate business and other businesses develop, the future China Bus will be another behemoth-type enterprise. Therefore, for the future of China Bus, I must consider it further. Only management talents with sufficient capabilities can helm a listed company with a future market value of billions of Hong Kong dollars or even more. On this issue, I have achieved the principle of宁缺毋滥. In my opinion, Mr. Miles is very suitable to serve as the helmsman of China Bus.
In order to win Miles over, Su Cheng has even started talking about the future and drawing big cakes.
Now, Su Cheng controls many enterprises. They seem to be independent, but in fact, they have already achieved resource sharing. The most important reason is naturally that Su Cheng, the big boss, acts as a bridge of connection. Although he doesn't care much, he also has the right to make the final decision in many cases.
He does have the idea of centralizing the management of all enterprises, but he has not implemented it because he has considered that both centralization and decentralization have their own advantages and disadvantages. The most important thing is that he is not sure which talent can serve as the management executor of such a huge enterprise.
Currently, Su Cheng's subordinates can be regarded as full of talents, but whether it is Su's Group or Hutchison Whampoa Group, etc., the gap is not too big.
He is waiting, waiting for a very outstanding talent who can obviously surpass other group companies in the enterprises he helms.
This is difficult to distinguish in a short time and must be observed for a long time.
It is difficult to choose the overall executor, but it is not difficult to choose the department head. For example, Miles, if all enterprises are managed centrally, then Miles can definitely be competent as the CHO, that is, the Chief Human Resources Officer, of this huge group. It is most suitable for him to mobilize the personnel of the entire group.
At present, his major groups and companies mainly operate in a decentralized manner, with small-scale centralized management. It seems that they are centralized, but they are not completely centralized.
Centralized management can integrate resources, reduce costs, and at the same time concentrate power and unify the execution of orders, which can improve business operation efficiency and streamline institutions and save manpower.
Decentralized management also has its advantages, such as high management autonomy, strong management flexibility, which can diversify corporate risks, and most importantly, it is conducive to corporate expansion.
Once centralized management is implemented, some subsidiaries are easily marginalized, which is not conducive to the development of certain companies, and it is even more of a daydream to develop in an all-round way.
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Nowadays, although his major groups are still in a decentralized management model, the resource sharing between the enterprises through his bridge has actually been regarded as a semi-centralized super group, but this head office has not been established.
This is also the reason why Su Cheng has not been in a hurry to centrally manage all enterprises. For the time being, there is no need.
After listening to Su Cheng's words, Miles fell silent. He seemed to be considering.
In this way, Miles is obviously a little tempted. (End of this chapter)
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