By deepening reforms, further enhancing the quality of development and strengthening the vitality, control, and influence of the state-owned economy, it is becoming a new proposition and a new opportunity for the current state-owned enterprises.
The business income has exceeded 100 billion in Weichai, and 2014 has been identified as the “year of reformâ€. This is the second year of deepening reform since 1998.
Unlike the first time through reforms, Weichai has become an influential international company in the equipment manufacturing industry. Through years of unwavering reform will and a clear reform course, it is enough to make people look forward to the future. What kind of story might happen to Weichai?
It is understood that Weichai has already begun to hold a strategic decoding meeting for the reforms, and proposed nine hard battles that must be won; and started performance management for all employees...
Reform open road <br> <br> modern business enterprise system reform deepest reform, determines the fate of the development of enterprises. From debts to revenues of hundreds of billions of dollars, the growth rate of Weichai in the 15 years has shocked the industry. However, Weichai is not only satisfied with the increase in quantity. How to provide an organizational system suitable for market needs for business operations. Weichai continues to “vigorize†reforms and strives to promote a virtuous circle of “industry expansion—structure adjustment—stable growth†to achieve a balance between quantity and quality.
The "three-three system" property rights reform has laid the foundation for Weichai to become a modern enterprise. The establishment of Weichai Power Co., Ltd. has laid the foundation for Weichai to enter the capital market. Later, under this framework, Weichai has never ceased its exploration of corporate governance, group management, and corporate management.
Good corporate governance is the fundamental guarantee for evergreening. Weichai Power Co., Ltd. covers the cross-regional and multi-cultural equity structure of domestic and foreign strategic partners, industry-leading customers, and senior management teams, realizes the internationalization and diversification of the company’s shareholding structure, and builds a rational structure and foundation for the company’s business development. Solid strategic pilotage and executive supervision platform.
The level of management and control of the Group determines the level of its core competitiveness and multi-service coordination ability. As a company with many subsidiaries, after years of experience, Weichai has streamlined the management relationship between the headquarters and its subsidiaries. The basic structure starts with an industry-centered, highly efficient, flat organizational structure. Under the principle of "strategic unification, resource sharing, and independent operation", the company's specific affairs are fully liberalized, the authority of the subsidiary company is fully implemented, its main position as an independent legal person is safeguarded, and market and social resources are secured for the subsidiary company. Increased professional management capabilities.
The power of the company comes from the organization, not the individual. How to bind independent individuals and effectively gather their intelligence? This is the core issue of corporate management. In this regard, Weichai employs a system to mobilize each employee and form an interest community with the company. This translates the company's macro strategic goals into specific employee-specific work metrics. Through dynamic performance management, every hard-working employee is granted Corresponding returns.
Institutional innovation not only promoted the growth of the company, but also blew the idea of ​​the Weichai people in the collision between new and old, traditional and conservative, and aroused the spirit of competition, endeavor, and hard work. This is the charm of institutional change - the maximum potential to stimulate potential.
The two-wheel drive revolution in the entire industry chain “I think that diversity is not wrong in itself. The risk lies in whether it has entered the right field and whether it can achieve effective control. Weichai has chosen relevant diversification. This is our development. The inevitable choice to a certain stage.†For related diversification, Weichai Group Chairman Tan Xuguang explained this way: “Relevance refers to the diversification of the same industrial chain, rather than to rigidly link the upper and lower reaches of internal correlation. put it together."
Driven by the strong “product + capitalâ€, Weichai has triggered a field-wide industry-wide revolution in the entire industry chain: the merger of the Hunan Torch returning A-shares to re-list, the Weichai heavy machine backdoor listing, strategic restructuring of Yangchai Power, Kagawa Light vehicles, Yangzhou Yaxing Bus, leading the establishment of Shandong Heavy Industry Group......
This series of capital operations and resource integration has enabled Weichai to successfully achieve three leapfrogs: the engine consists of a single market for supporting heavy trucks, and a leapfrog for multiple markets such as heavy trucks, construction machinery, passenger cars, and shipbuilding; The single-product platform based on 12-litre leapfrogs into a full range of product platforms; it spans from the single engine product to the collaborative development of multiple gold industrial chains such as commercial vehicles, engineering machinery and ships.
The two-wheel drive has made Weichai a huge success in China, but Weichai's exploration of capital does not stop there--the cross-border merger and acquisition of Baudouin in France has signed a strategy with Ferretti, Italy's largest luxury yacht manufacturer. The agreement signifies a cooperation agreement with the German Kion Group, one of the world's leading manufacturers of industrial forklifts and the world leader in hydraulics technology.
“If we rely on our own home to build a brand, it may take 30 or 40 years. But when the right time comes, once our strengths form a synergy with the advantages of foreign controlled resources, it will greatly shorten the time for the implementation of the strategic goals. "Tan Xuguang said.
Behind Weichai's frequent attempts in the international capital market, reflects its unique business philosophy: International companies should not only satisfy the growth of general trade, but should learn to base themselves on global allocation of resources and skillfully use capital to control resources.
Passion culture fosters innovation team
If a company is successful, it must be attributed to its unique innovation, that is, product innovation or mechanism innovation; if it goes down, it will be attributed to its lack of innovation.
Innovation is the most eye-catching tag of the Weichai people. It comes from the unique passion culture of Weichai. The passion culture has also created an innovative team that is determined to forge ahead and dare to go beyond it. According to statistics, currently only in the engine segment, Weichai has more than 50 high-level talents, including 14 foreign high-level talents, 10 domestic high-level talents, 23 doctors, 11 special allowances from the State Council, and national introduction. Overseas high-level talents "Thousand-person plan" 4 people.
Thanks to this team, Weichai has hosted and participated in more than 10 state-level scientific and technological innovation projects. In the industry, we first successfully developed the “Blue Engine†engine with independent intellectual property rights, and the first high-voltage common rail electronic control in China. System, direct-injection natural gas engine; successively won the "national independent innovation model enterprise", "national innovative enterprise", "national scientific and technological progress second prize" and other honors.
Weichai, which has always been regarded as the driving force behind reforms, has laid a solid foundation for the ideology of building a century-long foundation. It can be foreseen that weichai, who is standing at a new starting point of 100 billion yuan, will be able to realize a new dream of chopping firewood.
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