Cool 6 Wu: The board wants to see a healthy business model

Source: Internet
Author: User
Keywords Cool 6 Wu.
Tags business business model clear company continue continued cost listing
Cool 6 "job losses" on the seventh day, Chairman Wu issued a statement, saying the board "must repay the accumulated in the past few years, the improper business cost model of debt." The statement said that after the January 20, 2010 Cool 6 listing, Wu and other directors on the improvement of cool 6 business model proposed a clear, specific, detailed requirements and timetable, in the next 16 months, the board has repeatedly tasked management with timely action.  But after 5 and a half quarters of the past, "Cool 6 announced business performance has not significantly improved, the company continued to burn money, the board and shareholders do not want to allow such a situation to continue", so make a forced decision to lay off. "Passion, effort and struggle are only good results on the basis of the right leadership and business model, and cool six is in dire need of better business performance to repay netizens and all shareholders," says Wu.  It also "indirectly" expressed disappointment over the seven days of the team's actions. Wu that the business model of Cool 6 is a comprehensive system engineering that includes adjustments to content positioning, marketing methods and cost structure, and such adjustments require resolute and resolute action. Although the high cost of sales is only an unreasonable part of the overall business model, the decisive adoption of comprehensive business model adjustment measures, so that the dream of cool 6 can survive and continue, "must start from the adjustment of marketing costs."
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.