BXBX NOVEL Chapter 1748 - Lanxin Corporations Conference
Chapter 1748: Lanxin Corporation’s Conference
Translator: Atlas Studios Editor: Atlas Studios
Ever since Lanxin Corporation was listed on the market, it received much attention from the public, and news about them was trending both online and offline. Everyone expressed their support and well wishes for them. Xiasi Group’s investment in Lanxin Corporation was also heavily reported on by the media, and this caused an intense reaction in the business world. All of a sudden, Lanxin Corporation was extremely popular.
The second day that Lanxin Corporation was listed on the market, they developed new products, repackaged them, and started to release it in the entire Country Z’s market, quickly gaining a dominant market share of Country Z’s health supplements market.
At the same time, Lanxin Corporation was preparing to expand its business and enter Asia’s health supplements market, and they signed a contract with a famous distributor of health supplements in Asia.
As for online sales, over periods of continuous change and improvement, they created an outstanding online business, and this allowed Lanxin Corporation to rapidly gain market share of the health supplements market globally, creating favorable conditions for them.
Lanxin Corporation had officially kickstarted its ambitions to conquer the world’s global market.
At the same time, Lanxin Corporation had its first board of directors meeting, and other than the directors of the company, Xiasi Group also joined as a representative of the shareholders.
Wen Xinya hosted the meeting as Lanxin Corporation’s main shareholder and CEO.
“Lanxin Corporation is now listed, and now I intend to proceed with a complete revamp of the company. Lanxin Corporation will not be operated like a traditional company in Country Z. Instead, we will only retain our core functions of manufacturing, purchases, stock market and customer service, and we will control all consumer sales sites.”
Upon hearing what she said, everyone in the meeting was shocked speechless.
Only Xiasi Group’s representative smiled and nodded, as they understood what she was doing and agreed with it completely.
Wen Xinya ignored everyone’s shock and continued, “As for the product sales and planning, advertisements and promotion, etc., they will all be independent divisions. Each division will stand on its own and be self-financed. This will allow us to have an international management team and allow Lanxin Corporation to compete with internationally renowned companies on the same stage, and even match up to them.”
Lanxin Corporation wanted to quickly compete in the global market, and to steady itself, it must first be strong enough to compete.
Country Z’s traditional methods of running a company were no longer enough to reach such standards.
Only companies like T-K, who had an excellent product, R&D, purchase, market, sales, and online sales team, were able to adapt to the fast pace of global competition.
“I know that everyone has doubts about this, but with the traditional management method, there were too many problems in the departments, and the employee capabilities were split unevenly. There was too many redundant staff, and there was office politics internally. This caused problems of people pushing the blame to each other, as well as greed and rampant lying. This caused us to lose touch with the market. Lanxin Corporation has been through a lot to reach this stage, so I would not hope to see the company fall in that way.”
In such a management style, an individual’s capabilities were even more important. For those working in a team, if they lack competency, they would not be able to survive.
However, Wen Xinya was not worried.
A majority of talents in Lanxin Corporation were students who studied overseas, and what they learned there was the management style of global business. Clearly, they would be capable enough.
Everyone silently agreed.
The change in the organization would give them a huge advantage in competing globally, and they must get used to the cruelty of such competition and emerge victorious, allowing Lanxin Corporation to truly stand on the global stage and compete.
Wen Xinya then resolutely said, “As for the internal adjustments in the corporation, I hope to complete it within a week. Any problems?”
She was asking Yan Shaoqing and Zheng Yifan.
After Lanxin Corporation was listed, Yan Shaoqing naturally became its CEO and led Lanxin Corporation, and Zheng Yifan took on the responsibility of operating the entire company, taking on the position as the president of the company.
Yan Shaoqing said, “The adjustments to the board of directors will be carried out within 3 days.”
Zheng Yifan replied, “As for the departmental adjustments, I will complete it within 5 days.”
The international management method was suggested by Wen Xinya. Both he and Yan Shaoqing supported such an idea and already discussed on how to carry out the necessary adjustments. Therefore, they had already made preparations beforehand.
Wen Xinya was satisfied. “I’ll be waiting for the good news.”
In the following week, Lanxin Corporation would enter a phase of restructuring the company’s assets and departments, and its employees would be regrouped. The whole purpose of this was also to prevent the shareholders and board of directors from focusing too much on profits and neglecting the welfare of the company.
With this, she could re-adjust the entire company and ensure that the shareholders would still be able to hold on to their profits, creating a win-win situation.
“Also, I plan to release the statistics on the quality of our health and skincare products to the public. What are your opinions?”
Wen Xinya’s gaze swept across everyone in the conference room. Because she had not been in power for long in Lanxin Corporation, people were still doubtful of her, but they all chose to put their faith in her.
Yan Shaoqing started. “I agree. Lanxin Corporation has just been listed on the market. To be transparent about the details of our products can not only allow us to have a better reputation in the eyes of the media, we can also better gain the faith of our people. This could also help all of our products better compete in the international market.”
Today, Lanxin Corporation was vigorously gunning for the international market with the intention of having a stable and steady position in it, while quickly gaining market share. They did not want to be like T-K Corporation, who got kicked off the top quickly and easily. Other than wanting to win the acquisition war and to satisfy Xiasi Group for investing in them, they must prove themselves well.
And to publicly release such statistics is a form of transparency that could prove to the world that they were confident and capable.
Zheng Yifan added, “I agree too. In the past, when Lanxin Corporation released statistics about our product, we won in the fight against T-K Corporation. I do not hope that the consumers and the public get the impression that Lanxin Corporation only did that to bring down our opponents, and not to genuinely serve our customers.”
If they continued publishing such statistics and being transparent after they won the acquisition war, consumers would tend to have greater faith in them.
Wen Xinya smiled, as what Yan Shaoqing and Zheng Yifan said was exactly what she thought and wanted.
In the conference room, everyone expressed agreement.
Wen Xinya smiled. “Since no one has any other opinion, that shall be what we will do. Lanxin Corporation was just listed on the market, so I hope we can improve on our manufacturing and employee training process. We must improve our quality control as well. The results that we have today are all due to the support of the people. A river can both carry or overturn a boat, and the product is the root of our success.”
Wen Xinya hopes that Lanxin Corporation would never fall to the state of the Xiao Corporation.
The company, shareholders, board of directors, top executives’ bottom line were profits. Hence, they would have to gain maximum competitiveness in the market. Regardless of whether it wa the quality of the product or whether it was a brand new product, it could not keep up with the demands of the market, causing its market share to continuously drop.
The product and the company itself was what was most important.