Liu Xiaoguang: First of all, what do you think is a relationship between people?
Jack Welch:
Can you explain what people mean?
Liu Xiaoguang:
He mentioned very interesting, comparison between Chinese and Western culture. That is to do a good company leader, what is the relationship between a business?
Jack Welch:
I think it is a long-term perspective. If you want to be a good entrepreneur, then this entrepreneur must be a good person, only a good person can become a successful business manager. The bad guys can successfully manage the company in the short term, but it is impossible for a long time to become a successful business manager. This is my point of view. How do you see this problem?
Liu Xiaoguang:
I think so, I want to be a big company, such as the CEO you used to be GE, is equivalent to the leaders of a company, as a leader with a business relationship, I think I am for us Chinese companies are very important. Because my point of view, a company is the most critical is everyone. I bought any company first, I have to buy him first, because the other green leaves are red, so the leader of this company is very important, he What is the relationship with the company? I would like to ask this question.
Jack Welch:
I think this is not a problem. We just talk about people 's value, people's value relative to the company's success, we are exploring this issue. There is no doubt that I agree with you, the most important factor in a company is the leadership of all levels, not just the CEO, not just a hand. During my visit to Beijing and Shanghai, I participated in a lot of discussion. Many people in these discussions told me, Mr. Welch, you speak very much. If I am the CEO, you talk about these Useful to me, but if I am a vice, what should I do? What can I do as a deputy? The Chinese company I want to succeed is in the next step. An important transformation to experience is that the company is getting less and less to his CEO, but is jointly managed by more managers. That is, this will also be an aspect of Chinese companies to mature. At the beginning, there were some entrepreneurs with entrepreneurial spirit, from a person to create a company, and managed by him, as companies continued to mature, more and more people must become the leaders of the company. This is not just a male, a female leader leads the entire company, which requires many people to become a winner in the business.
Guo Guangchang: You may be familiar with the most familiarity. One is all, one is you, and one is a pure investment, Mr. Buffett, there is a personal business hero. Everyone admires Mr. Li Ka-shing, you think your pattern is followed by them. What is the difference between mode, how did you compare?
Jack Welch:
Buffett's investment decisions are correct in most cases, but he has not been able to integrate all companies, and he does not need to develop any human resources system, and he does not need to transfer any thoughts, he It is considered that it is only necessary to serve, and the development is going on. Mr. Buffett has created value, because his name Buffett is a very called name, is valuable. However, in General Electric Company, because of our entire system, because of our human resources, our financial system, our communication system, our CEO's personality, for Mr. Buffett, I think it is true that his wisdom brings true knowledge. This model is feasible for Mr. Buffett. Mr. Buffett, I want to have a very successful history of this 25-30. It seems that it seems that there is a history of 150 years. In short, his model is not the same, we are a company, he is a investment tool, of course, a very successful investment fund. Guo Guangchang:
How do you come to see Mr. Li Jiacheng's model? You have a common feature, you are buying a company, then selling companies, you have to buy a company almost every day, but in the management mode is still different. GE buying a company to use a unified cultural management, Mr. Li Jiacheng is a different enterprise to support him with a financial system, give him a stronger human resources, but don't be a unified brand to do, let Each business has its own characteristics. Including our Star, when you implement diversified investment, most of them use his model, what is your evaluation between this mode and your model?
Jack Welch:
He is also a model of a very successful, but if you have to build a brand, you know that the brand you have to recruit the best talents when you recruit, he is very affected. There are also in terms of investor confidence, that is, they will believe that the long way will bring a good return, so the brand is very important, there is a strong brand very important. But I don't have to question Mr. Li, I think Buffett is also very successful. Do a lot of ways to do business, doing companies, like a game, there are many different game rules and methods, can't say one is the best. I just try my best to tell you a successful model I know.
Guo Guangchang asked: How to be a hundred years old shop, honestly say that after three years, I can't see it very clearly, how to do my strategic management?
Jack Welch:
Even if the situation is predicted, it is very difficult, and don't say that it is forecast for ten years, it is impossible to predict ten years. If you are doing three years forecast, you should have a high-shore, chinese shore, low shore, three kinds of good conditions, how is bad situation, not a set of accurate data. Because our world's change is so fast, for a company, the most important task is to become sensitive, must be sensitive, must have adaptability, rather than use all time to predict the future.
Guo Guangchang:
This is made in change. Use changes to change fast.
Jack Welch:
Ok, I will give you two examples, which is examples of change and opportunities. During the Asian Financial Crisis, during the Asian financial crisis broke out in 1997, the exchange rate of Taizi has collapsed, and we have a car credit company in Thailand. There was no one in Thailand to make a car. Because our idea is Thai people. The thing that is the most reluctant to give up is a car, who is afraid of the house to sleep in the car, will not sell the car. So we have acquired a lot of cars in Thailand. When we fell in the Thailand, we went to acquire those car production capacity, people considered universal electrical companies to be crazy, but later our investment was returned. After the 9.11 incident, the US airline performance was very bad, and many aircraft flights stopped. The number of passengers was greatly reduced, so the price of the plane also declined, many planes were put in the desert, because there is no in the desert Rainfall, the air humidity is relatively small, and it will not rust. After 9.11, we have acquired a lot of such aircraft in the United States. Our general electrical company has the first quantity of the aircraft in the world. Now the aviation industry is in revival, the price of the aircraft is greatly increased. The two examples I just have given you changing the opportunity to change. In SARS, many Chinese entrepreneurs found their solutions, whether they were immunized, and a mask, many Chinese entrepreneurs did not be paralyzed in front of SARS, but have been created in a very created approach, in this change Development, there are two directions when there is a change, one is frozen, scared, or can see a lot of opportunities. I hope that our people can find opportunities in changing, and can be quickly adapted in changing, quickly move, we don't want our employees to stop in front of the changes. So how many people in our company are doing a ten-year plan? What are you doing your hand for two years? All in all, the plan should be as short as possible, it should be flexible and should have sufficient adaptability. Guo Guangchang:
For this question, I want to make my own experience to you, I think I have a few considerations, one tried to seek some certainty factors in an uncertain environment. For example, I think China's economy is now macro-control, but the fundamentals of China's economy have not changed. For example, we are in the stage of industrial synthetic petrochemical, so I believe our steel will grow, our real estate It will have a strong demand. It is only some of the phases that there will be land, but the entire fundamental has not changed, which is my own experience. The second Jack, Mr. Welch, is so fast, found in the change, where is our opportunity, I believe our small company should be more chance to face this change. I have these two points of experience, to Jack. Verge, ask for advice, do you think we can decide in these two ways, some is a certainty factor grasp, develop our direction, then face uncertain When we are factor, we become more flexible and organized to deal with him?
Jack Welch:
Yes, this is what this means.
Guo Guangchang asked: How to do chairman. I don't understand anything, leading so many companies, how to lead them, how can they take you? What is your main role in such a large company?
Jack Welch:
I can't answer all questions, but I can share my personal experience with you. You are already the person in charge, you know that you don't know all professional knowledge or department, this acknowledging is already a big progress, but you know which aspect of investment, do you know who is good, and you see To a good idea, you know this is a good idea, you know how to build some sound financial systems, this is what you have to do, your job is to find the best talent, not telling them how to specifically Product evaluation, or how to volume a steel plate, tell them how to manage a pharmacy, your job is to find the best talent that can do these things. So you and your human resources department, I know that you have human resources and training sectors, I think your personnel department should be as important as your finance department. I found a little while traveling abroad. Now I will let you live, now you start to participate, can't sit there, I want to ask you two questions, there is a relationship. What is the most important thing I want to know most, which department is the most important? Everyone has to raise your hands. Is it a finance department? Or the human resources department? That is to say, the management and cultivation of human resources, which is more important? The first thing, how many people think that the finance department is the most important thing in the company? Please raise your hand, everyone must vote. How many people think that the human resources department is the most important? I think this is the most encouraging answer I have seen. The answer I got anywhere in New Zealand in Australia is 90% of people who will say that the finance department is the most important, 10% is the most important person in the human sector. But you told me in Shanghai, China, in your business manager, I want to be more important than finance staff, I understand it is not wrong?
Guo Guangchang:
I feel that different levels of companies, the problems encountered are different. It is certainly not the most important to GE, but for a newly entrepreneurial company, or at this stage, he is doing it as a main business person. When he considers the problem, it is sure to find someone to do it or do it, the financial is the most important, maybe different objects, the importance of different people, the importance of the problems, is different. So I don't admit that I am right, answer this is wrong, maybe everyone is indeed different, we are not GE, but we have to learn from him.
Jack Welch:
You are here, I don't know if I have answered the question correctly, I want to understand right. The problem is that you are very surprised, so many entrepreneurs raise their hands, saying that the human resources department is more important than the financial department, are you surprising?
Guo Guangchang:
I think I am very agreed to Jack. Mr. Welch said is the most important, people are the argument of the first resource. But I just feel that different phases, different periods, the importance of the company, and some changes will occur. Second, I am talking to Jack. Wellch.
Jack Welch:
I know what you mean, but I don't know if you reflect it for the audience. Do you think it is very surprised?
Guo Guangchang:
I believe that most people are listening to you, I can guess your answer is definitely the most important of human resources. Is it this way? Do you agree with his point of view, you guess that there is no, he said that this meaning is that he believes that human resources is the first important.
Jack Welch:
Do you mean that these people do not have their own mind?
Guo Guangchang: I believe everyone is very mind, but the strength of the star is still very important.
Ning Gao Ning asked: How do you become the CEO of the company's highest market value? If someone wants to repeat your experience, how to do this. Jack Vercch: How many people have it today? With 25% -30%, I think this is a straightforward problem. Talk about the company's strategy this morning, we have to make successful people to take care of our businesses. And we must continue to make your business unit, let your branch through innovation, continue to be successful through various work, and must seize the opportunity of success, CEO's task may vary in China, The US situation is not necessarily used in China. But I think a CEO task is that one hand holds the seed, and the other hand holds water and fertilizer, let your company develop, let your people continue to develop and innovate, not to control people around you. The impact of CEO's rights can last for many times, such as China Resources Group, you have a beer branch, and a real estate branch, should encourage them to give appropriate compensation, let them further mergers and acquisitions, but they will make some errors, but mistakes Can't too much.
Ning Gao Ning: It does not have too much mistake.
Jack. Welch: A CEO's mission, from a general manager's perspective, should be proud of his growth under his hand. Today, I talk about this topic, there is a problem in China. Today, another woman who came to CCTV asked me a question. For example, what I didn't be CEO. What should I do? In fact, from a long-term perspective, the answer to answer this question is that the vice president should also be responsible for his field, rather than waiting for CEO to send a single order. If all the ideas come from CEO, CEO tells everyone If you do everything, such a company is a long-term success, and the company's success requires brainstorming, all people must have passion. As the founder of the CEO as the emperor, it is absolutely not successful from the long-term perspective. Because he is not sustainable. I don't know if I speak, do you know what I am talking about?
Ning Gao Ning: You are talking about foreign languages. In China, this is a culture that advocates the emperor, and some people need to help him make a decision, and there is a culture that has ordered. If their boss tells them how to do it, they feel uncomfortable.
Jack Welch: But the United States is just a different culture. I am willing to say this, with the development and maturity of the country, with the development of the company, all the work has been made from the perspective of technology, then I have reached more than 130 billion US dollars when I am in GE. We make engines, make movies, we produce medical equipment, we manufacture plastic products, everyone wants to think, can tell everyone how to do engine, how to make plastic products, how to make movies? If this is done, it is definitely a specially abused movie, impossible. Therefore, it is necessary to mobilize all the enthusiasm, brainstorming, has a new appearance, and the appearance of creativity. I seem to be in this point of view, I don't conform to such a culture.
Ning Gao Ning: I don't see, my problem is, I think you didn't answer my question. How do you do it, how do you learn this? We know what you did, but why do you do this?
Jack. Welch: I have a very good childhood. I have a few childhoods are doing sports activities. I always realize the best team to win, why?
Ning Gao Ning: Because he has the best players, he learned from sports. Jack Verchen: It is large to be like this. In fact, this truth is not very complicated, it is to find talents, help them indicate the general direction, then let them develop, and grow. In fact, I have been emphasizing this issue. Maybe I have no truth, but you think that in your country, China Run such a large company has been developing.
Ning Gao Ning: I know that you are a genius.
Jack. Welch: The company's growth is impossible to understand every business, you can't make a best decision for all business units, it is impossible.
Ning Gao Ning asked: What kind of talent is it? How to find talents, what kind of standard?
Jack. Welch: First of all, you know that there is no ideal approach when choosing talents, and it is not the best for you. When I started, the two mainly selected one, and finally retired, four inside, the first is the energetic people, full vitality, can mobilize the passion of others, can transfer people's enthusiasm Not only is good to do it, but also to motivate people to do better, and there are some advantages, it is very clear whether it is still. It is a person who has decisive courage, the fourth is decision-making and implementation, it is to implement. Have time to pick someone with strong surface, but they have a very hit people, suppress people, so that people are very depressed, their own, so they can't, to mobilize people's enthusiasm, if they are too smart, if they are too smart, They may say that it is ok, so, maybe two ways, but when it is said, the opportunity is developing, and there is no chance.
Finally, some people may have a plan, they have ideals but never implemented, can't bring specific results, implementation is too bad, so these qualities are the quality you need to find. Quality. Not easy to find, don't see these people, but have a basic standard framework, you should know which people are looking for, some basic principles, have some basic principles when they hire people.
Ning Gao Ning: This is a very famous standard. I have read a lot of standards about this, and I also read the situation of this aspect in GE. Is it possible to talk about China's application.
Jack. Welch: This is a big risk. Every CEO is full of energy, and every business leader is such a huge energy. Second, China's leaders seem to not particularly excellent, many entrepreneurs, or administrators, they obey the boss, but did not mobilize the enthusiasm of others. The third, still doing it. The fourth, I want to be like other aspects, everyone is different, some people are good, there are some people very bad, second, if you spend a little more time in this field, think more about the second, that is, from the subordinate At the point of view, consider this problem, just give them excitement, mobilize their enthusiasm for their achievements, feel their feelings, if this, I believe it will greatly improve China's management, if the second is done Better, I don't know if I am right, I seem to agree with my point of view.
Ning Gao Ning: I think you are talking about it. A lot of Chinese managers called their old, my name Ning, they called me Ning, in my company, I can talk about a story. I used to make a secretary of my employee, he came to it later. Hong Kong work, Minister to Hong Kong, then encounter him on the street, he used his boss, just his boss before a few months, then call him, Xiao Zhou, but he dare not answer, why? Because there is no one in the company called him Xiao Zhou, the minister called him, he realized that he realized that he was called him. Do you understand what I mean? Jack Vercch: Nothing.
Ning Gao Ning: Because he didn't know who the small week is. Only when he called him, when he called his title, he said, who told me? Of course, he felt very embarrassing, called him before his boss, I mean, Chinese people like to send a single, I am the center of the world, the success of the company is my reason, all the credits are mine, all The mistakes are all confirmed by specific workers, so I think this is a big problem.
Jack Vercch: Is there some microphone here? Preparing some microphones, I think this topic is very good, I want this, if this is a big problem, the big boss has a single order, such a situation is very common in your business, please raise your hand, have such a situation Is it a boss's order, please raise your hand. Let everyone comment. What do you think about our discussion? Does anyone want to pay attention to the view of this topic?
The audience: I think Mr. Ning said that China is very common, because in China's cultural, it is a king's emperor culture. If it is success, it is the success of the leadership, if the failure is attributed to others. However, after the situation, the situation has changed Chinese culture and other cultural interactions, we gradually learned how to encourage others, how to think of success is everyone, but the whole society is such a language, use this concept, if you want to tell Others are their own, people feel worse, in the business community in China, people do things in different ways, not put on the countertop, is done. For example, in public, people will say some ceremonial words, they will tell the truth in private, so this is a cultural phenomenon.
Jack Vercch: I think you are right. Every culture is similar to when talking about the truth and truth. This morning we talked to honesty, open-hearted public, whether it is private talk or Kaibabong's talks, the truth that can only account for 20% of the real truth, which is not only China's unique phenomenon, let people know how to be a very difficult phenomenon. . If you can make a real quality, you will bloom like a flower, everyone has such quality. If it is set up in the company, you will make your company better. The company has 100 people, there are 100 brains, these people hope to make companies better, not alone, other 99 people's thoughts do not use any angle, any degree of use, as a boss, even in 20 years The front of the United States, the boss is the emperor, the boss is everything, 20 years ago, the current American business leader is further achieved, more and more employees, the subordinates participate in decision-making, this is a struggle process, many employees I am afraid of the boss, if I have a boss, I will have some retaliation, so this problem is so important, so I want to time out on this issue, this problem is very important, everyone should think about this problem. As a general manager, you are very passionate, when your employee has a very good idea, you are very exciting as the general manager, can you recognize his creativity, and you can Congratulations on the success of their thoughts, you can do this as the general manager, everyone can ask, you can do this as the company's leader, you will make a lot of people so much, you don't know Your company can change, such a foreground is an unlimited. There is now the topic we have been talking this morning. This is the most important thing. You can have more and more people to participate in decision-making. Come in. Can you make them enjoyable, can congratulate their success, can set an example, this is a very important issue. Please be sure to believe me. Ning Gao Ning asked: Why did you choose Immert to do your successor?
Jack. Welch: For many years, we have 30 candidates to be my successor. In the six years, they have the most potent candidate for the most potent candidates, and have a group of least sure. The young man is that they may be a black horse-style person, so we are the most obvious package, they are not our most hoped candidates, we have reduced this candidate to three, these three very good, we are for them After conducting the evaluation, put them in a very difficult and difficult industry, in the industrial, high-tech products, and then we took four hundred millions to observe them, evaluate them, they are not Kaibabe, they did not encourage employees, so that employees were excited, and later we have three candidates, and finally the board has to pick up a best in three people, but these three are very good, they have done separately. Old, these three people are very successful, we have got a very good candidate, we have continuously placed in different working environment in the company, and see what they make for different environments. reflect?
Ning Gao Ning: Why is the two must be eliminated?
Jack Vercch: This is a very good problem. The eliminated candidate is very very good, very competent, our company has 350,000 employees, and each employee has received strong support, everyone has independently managed their own company, in our last job Before I decided, I fired all three people. I said that you will leave three people, I will let your successor success in your work, you have to train anything in 6 months, because There is a person to become the old man of GE, so we can use youth leaders to grow up, so that the entire organization is injected into fresh blood and let the newcomers stand out. The general manager of the CEO of 10 billion to 150 branch, who fell from 47 years old to 38 years old, with 26 general manager of the company work in my work, they do their own work, and very successful, and have a lot of young People wait for a day to become the position of the next person GE CEO. Ning Gao Ning: Why is GE people so smart?
Jack Vercch: I don't say GE people smart, they have a belief, employee, people are an answer, and many energetic them all spend their employees, not to examine financial data.
Ning Gao Ning: So they really qualified in GE is their leadership style.
Jack. Welch: After they left GE, they can lead SDX many other companies. After they left GE, they became the old generals of other major companies. They also worked as a success, they would put people's factors Utilization, they can make their employees feel exciting and let their employees succeed.
Ning Gao Ning: I think, we think that you have a secret formula, which is a successful formula, but you say this is a common sense, but there are so many people have your idea.
Jack Wellch: I feel different, it is impossible to get the Nobel Prize for me. This is the most basic try, your father, the mother will teach you basic common sense, but you have to do your best. Everyone can write me in the annual report to thank our employees, not as simple, but such leaders never go to the employee, solicit their opinions, did not congratulate their success, and write two sentences in the annual report. It is not enough. I don't know what kind of problems they face, for example, the woman just mentioned the difference in Taiwan, in GE, each employee knows his performance and knows his performance. There is no doubt that everyone knows very well about the rules of the game.
Ning Gao Ning: Is everyone understands that he is in the location of the company. I know that I am in the worst 10%, I will be very unhappy.
Jack. Welch: If you feel is not suitable, you can resign.
Ning Gao Ning: I have no other region, I have no money.
Jack Vercch: Then I make sure you won't stay in this company.
Ning Gao Ning: I want to ask Imelt's problem.
Jack. Welch: These three people let them take over new companies. If Yimei is specially got this work, Yimei specially used the FM's president, you can go.
Ning Gao Ning: If you choose the wrong person, you are better than in GE, think about this.
Jack Welch: These newspapers are a young young young written thing in the age of 2, and he is not clear, you have to read such an article is too stupid.
Ning Gao Ning: Why? We want to know why this situation?
Jack. Wellch: You must have made a mistake? Other aspects there may be, and there is no error in the successor.
Ning Gao Ning: I found Mr. Welch is very open, but this problem is not very open, it is more closed. Jack Vercch: Who said? Are you saying? We will discuss this problem. Three people are very good, their performance is very good, they worked in different departments, working at different times, and from the long run, three people are very good.
Ning Gao Ning: I know that you prefer Imert, you call him a week.
Jack Welch: I never called him. If he has this feeling, he is going to speech me ...
Ning Gao Ning: Have you played this phone? It is not that he called for me to approve, only to seek our opinions. Why is my retirement because I am old, my body is not good, my hair is falling, I retired because of fresh blood and thinking, if you stay in this position, there will be no new ideas and new blood If a CEO or a founder is the worst situation in this profession, it will end when the end is at the end. Let the new people do things, let them do it.
Ning Gao Ning: In fact, this problem is a very common problem. In China is a very common problem, it is also a problem in the United States and is also very common. They have been replacing CEO, but there is a person, I have read a lot of newspapers, but I am very interested in this story.
Jack Vercch: It seems that there is no one to do this.
Ning Gao Ning: You can rest assured that you will not reveal to reporters today, that is, what you said is not on the newspaper.
Jack. Welch: We told a very serious problem that is even worse in Europe, when a former chairman is there, the newcomer comes in, he will say this, say that I have disintegled your position, I do President. The general manager of the board of directors is very nervous, it has been there, so avoid this situation, so that fresh blood appears, let him develop, change.
Ning Gao Ning: You are now very interested in GE's new CEO. And there are some critical opinions, I want to comment on Imert's comment, or push it to a new height.
Jack Vercch: Of course.
Ning Gao Ning asked: Are you satisfied with Immert's performance?
Jack. Wellch: No, you can't make judgments for the new CEO for 30 months. He may do this for 20 years. This is our plan, the plan is this. So when we were 45, 46, I did the chairman of the age of 44, so there is enough time to improve, change, so GE is doing what I should do. He has a long time to do this job, maybe I forget me after a few years.
Ning Gao Ning: It is very obvious that your retirement can cause many negative reflection in Wall Street.
Jack Vercch: Because Jeff is not on this issue, it is very common. When I trust, I will always encounter some trouble, but if I have to change people because of this reason, I have to tell, that is, we choose a person very satisfied with his work. Everyone is more happy, I want to ask him. challenge.
Li Dongsheng asked: How do you keep GE to grow steadily?
Jack Welch: Our company became ironic, and Mr. Li and I have made a discussion on the strategy of the company. Just now they bought a TV industry, this TV business is Thompson, I am in 14 years I bought the GE's TV business to Thompson. You can see the company's easy hand, they can't compete in TV commercial, so we sell our TV to Thompson, from their buying medical business, now China's family Enterprises, I have faced Thompson's challenge. General Electric has not been done. Today, Mr. Li has to help Thompson turn to profit, and Samsung, Sony compete, so Li Mr. is now a global significance. Challenge. We now talk about strategies, how we are constantly increasing, and we have to fully compete in the environment in the sense of strategy, to continuously achieve income growth, the most important thing is to have great enterprises, successful employees, and Keep enough flexibility, because there is no one in our, we can't accurately predict the future. We are sure, the change is eternal, and anyone I know is not able to predict the Asian financial crisis. Outbreak, in 1997, no one can predict that no one predicts the development of the US 9.18 incident, but in all events, sometimes it is very tragic. It also brings opportunities, in the Asian financial crisis, we acquired many Thai companies, this is an example of me. With the recovery of Thailand, we have purchased in Taiwan ... After the 9.11 incident, many air companies fall to the bottom of the valley, the plane has become very expensive, we took the opportunity to acquire hundreds of aircraft, now we Using the anacular industry's recovery to us, the change is forever, the market is rapidly changing, we are a corporate leader, our work is not to accurately predict what is predicted, but as The responsibility of the corporate leader is that your employees, your team, use every change as an opportunity, each alone change is an opportunity. When someone feels fear in front of the change, you can develop rapidly, whether it is the oil industry or any other industry, the people have a quick and forward opportunity. No matter what you do, no matter where you are, don't stay in front of the change, many people are stunning in the change, and they should protect themselves. In Hearing, Mr. Motorola, Mr. Li is more and more developed. Mr. Li's business is concerned about China. Those multinational companies are concerned about every country in the world, so Mr. Li's company has more opportunities to make progress.
Li Dongsheng asked: How to maintain a company continued enthusiasm in changing innovation?
Jack Welch: An important issue I think we should consider is that business is a game, business is not serious, fatal, boring, unhappy things, business is life, and we are we I want to win a game, how many people do our audience like to win? How many people like failure? No one likes to fail. If we consider this, this is why you have to innovate every day, because someone will take your rice bowl, because someone wants you, because someone defeated you in the game, so you have to bring it Your team, just like you play badminton, you have to play every day, you can experience a lot of fun, you will be very happy, in the enterprise, in the industry management, everyone is too serious, pull the face is very long Everyone thinks that the company is very serious, and it is actually very interesting, you can do continuous innovation in your business, don't take it before your employee. Everyone understands boring, no fun, engraving, nothing, this is my answer to this question. Li Dongsheng asked: How to judge TCL and Thompson's merger to collect the global enterprise
Jack Vercch: At that time, we sold this business to Thompson. This is the way we establish a strategy. We have our own business strategy, that is, we become the world's first, second strategy, we now in TV At that time, we were the third, fourth, then Thompson almost the second place, as in medical treatment, they were sixth, so we exchanged, strengthen our medical status. At the same time, by selling this business to him, he strengthens his status in TV. Then you know, don't stay in our company because of the traditional, emotional reserved color TV, our constant change is that we have strengthened our medical status, such an idea is more important than other reasons. Like Shap, Sony, TCL, all of these companies, only this can win.
You know, I have to do the best in the industry I have, that is, we have to do this. To achieve the best position, not to make a medium company in a very competitive environment, so our business is like this. You must constantly improve your competitiveness, only winning in competition is a strategy of success. You know that the strategy itself is something on the paper, that is, we must look at the strategy in the environment. Through such strategies, you must have advantageous status, compare your competition partners, your strategy is really to consider how to pass the strategy Improve the status and competitiveness you compete with others. You know that this is not just managing these things. It is how we are doing better than Mr. Li. If I compete with him, what is the only thing we think is better than Li Mr., I don't know Everyone understands no. Because I don't know how my introduction is. It seems that it is good. Therefore, competition is the only standard for judging, and the strategy is just the beginning of the first step. The final result of the final competition is the ultimate point.
Li Dong Sheng asked: The impact of Chinese companies on the world's related industries
Jack. Welch: My book said this, I think the same Europe, the Americas is the same, there is such a problem - China's rise, they are afraid to lose their jobs, some people feel the rise of China Tiger panic. In the past 80s, Japan was just a baby. If compared with today's China, Japan in the 1980s is just a baby, there is no doubt that there will be a long-term discussion, and the government is made by the people. They have to survive, China's good products, low prices, and the size of the global economy is a very complex problem, for them. They must face the impact of imports. For the United States, there are a large number of goods in China. Some of the members of Congress, some people say that the US government is too tolerant to China, too much import, so it can't be To be elected, I think China may face such a reality, that is, this is the measure of many economic and political activities in every country, such as Europe, Germany, who knows that their Germany reflects the import of goods in Japan, you know Some politicians in Germany can say that the import of large quantities of goods in Japan is a huge pressure, both political perspectives, in the future 10-20, is very sensitive, which also involves the issue of the World Trade Organization. In fact, there are many cases of anti-dumping in Japan in the 1980s, but finally a balance has a balance and the debate of the renminbi is very large. The RMB is determined to be dollar or free floating? I believe that there is a very big argument, whether it is a government, or in other places, there are many arguments, it is a very complex issue, and China is very good, powerful. Sometimes I have to realize a lot of people in the world, many countries are afraid, because they have no way to compete with the products you produce, I don't know how to solve this problem, my forecast is what I think this problem may become the future. One of the themes of the focus of economic and political discussions, there are many cases, this discussion is also very much, but I believe that there will be better communication and understanding, reach a balance, although this The process is not easy. Sometimes you think a case is fair, but it is unfair to others, just in turn, you feel unfair people feel fair. This is very difficult. Everyone is facing such things, very complicated issues.
Li Dongsheng asked: How do we take Thompson's business in North America?
Jack Wellch: I can't earn money at the time, I will sell the company. So I don't have any way to make this business again. Looking back, I have just talked about the trade of anti-dumping, many people in the seat, once a period of history, and the yen in the history reached $ 360, the yen is very weak, and all the capabilities of Japan are the products that are very good quality. I have been in a period of time, one US dollar, now a dollar can be more than 100 yen, in fact, the exchange rate is very important, the factors who have caught up, chasing the factors, the renminbi is more stable, if this kind The competitive pattern will change, when Chinese currency or currency in any country, in the past year, the exchange rate of the euro decreased by 25%, the US dollar fell 25% to the euro, meaning 25% of productivity Change, then Yen Yen has a $ 360 to $ 1 to more than 80 yen, which is 4 times that of their productivity is increased, and the exchange rate is a good factor that caught up behind the country. Some people think that the current RMB exchange rate is too low, so there is a good advantage in the world. This is an argument. I have no way to say that this argument is not right, but there are many people, our exchange rate is very low, we can play Win the trade war, so there are some anti-dumping situations. The exchange rate and the dollar are hooked. Many people think that the renminbi should be free floating. There will be many problems in the RMB to achieve free floating exchange rates. The RMB will have a problem like the yen, so these are some problems, why is the RMB will now A exchange rate, what should the exchange rate of the renminbi? But the argument is not true argument. Li Dong Sheng asked: Why is the United States now have such a huge trade deficiency in foreign countries, is it a big relationship with the coherent industrial policies of some companies?
Jack. Welch: Japanese and the United States have already had a lot of contradictions, and he has established a lot of factories in the United States. Toyota is very large in the US, and Germany's automotive plants also have a lot of departments, their parts suppliers. Now their suppliers are also more than the United States to set up the factory. Haier has a factory in the United States. Haier's strategy is to set up a factory in the United States to hire the United States, so that more Americans have different views on Haier. It can avoid politically bonus a potential trouble. Many politicians are to maintain local employment opportunities, Japan and Germany have established a factory in the United States. They have a very positive result of traders, and Haier has a factory in the United States, and it is a factory that produces electric refrigerator, and Created the United States to create opportunities for China, creating hard goods for China, if it is an unmatched to other countries, Japanese does not want the United States to export in the United States, China should have more and more companies in the United States. This will absolutely appear. And there will be a complete supply chain, a complete system, good operation, if Chinese companies are so self-sealing, in China, export to other countries, this is not a sustainable way, if you have to ask a specific strategy This is my strategy.
