"Innovation, adjustment, upgrade" traction manufacturing breakthrough

Overseas mergers and acquisitions to have the basis of management "21st century": after the financial crisis, many enterprises to overseas mergers and acquisitions as part of business management decisions, how do you see this phenomenon?　　The risk of mergers and acquisitions, in the perspective of enterprise management, how to minimize the risk? Mr Liu: At this moment, it is very appropriate to go abroad to buy resources, I am particularly sorry for the failure of Chinalco's takeover of Rio Tinto, even if I have to buy more money.　　But if the manufacturing industry wants to buy and sell, it needs to be cautious, if the management is not good, serious consequences are throwing, leading to the business is not good. For manufacturing, I think overseas mergers and acquisitions should be cautious.　　First of all, the purpose is stronger, according to their own strategic objectives, the acquisition of the object has a very detailed understanding, can not be cheap to buy; second, mergers and acquisitions have a large number of risks, if the enterprise itself does not know enough, this is not, the enterprise itself should have a good management capacity. Lenovo has also moved in overseas acquisitions in recent years, and we are prepared to withstand setbacks, but because of the good domestic business, we have a profit base to pay tuition fees. Some say Lenovo acquired IBM, the foreign part of the assets have been lost, the domestic part is to make money. It depends on how you say, if you do not want to go out, it can only stay in the country, want to go out, to pay tuition.　　After the success of mergers and acquisitions, the short-term losses are paid tuition fees, if the loss can not turn to profit, that is not to pay tuition, it is called failure. My team and I used to do only computer, and then to do investment, the main reason is still a profound understanding of the basis of business management. Overseas mergers and acquisitions, in addition to understand a merger target of the specific operating situation, the enterprise itself must have a good management base, to understand the strategy, with a team. I do Lenovo when the management of this aspect made more transparent, and now the accumulation of management in the transplant to investment, the effect is very good. Lenovo also has a venture capital company that has invested more than 80 companies and has been very successful.　　This achievement, the main reason is still a deep understanding of management, can improve management to the concept level. With a deep understanding of management, when we acquired IBM Personal Computer Division, we mainly saw three points, the first is brand, think brand lifelong right to use; the second is technology, and every consumer knows the importance of advanced technology to the computer, and the third is the international management experience, to make a simple analogy,　　We used to be a computer sales company, not how important the board is, but, as a listed company, if the board has a particularly important character, international investors will buy your stock, so the internationalization of management is particularly important for Lenovo.　　Technology innovation and Industrial upgrading "21st Century": Motorola is one of the first multinationals to enter China, how do you think it should deal with today's financial crisis? Gaoribin: The financial crisis is a global crisis, and multinationals are unlikely to avoid the challenge, which is, in fact, a globalIndustry to better strengthen cooperation provides an opportunity. 30 years since China's reform and opening-up, foreign companies involved in the construction, Motorola as one of the earliest foreign companies, we invest in the largest scale, we invested 3.8 billion U.S. dollars, set up factories in China, training talent, local procurement, the entire industrial chain to drive the development of China's economy and communications, which is a win　　Motorola also has good market development in China, including promoting our global business development, which is a model of mutual benefit. In the face of the financial crisis, many people mention innovation and industrial upgrading and other coping strategies, Motorola will be in these areas, especially in the development of a lot of input. In China, we are the first multinational companies to set up research and development institutions in China, at present, we have 6 research and development centers in the country, about 3,000 research and development personnel, at the same time, we also hope to use these research and development strength with domestic enterprises and tertiary institutions to cooperate, and common innovation, we will pay attention to corporate profitability based on the corporate social responsibility,　　For example, how to make our contribution in energy conservation and environmental protection, as well as to make this society more secure, we have a lot of equipment available to police officers to use, but also include emergency relief and so on; in business management we have dedicated solutions, combining it with mobile to improve enterprise efficiency, reduce costs. Opportunities and challenges coexist in "21st century": How do you think Chinese enterprises can deal with the financial crisis effectively?　　What lessons do tcl have in management? Li: In response to the financial crisis, the Chinese government has taken a series of measures.　　Although China has also encountered great difficulties in this round of adjustment, we have reason to believe that China will be the most beautiful country in the world's major economies and can be an important driver of the global economic recovery. In that case, Chinese companies how to grasp the opportunity to grow and develop, to promote the long-term development of China's economy, to contribute to the global economic development, I think we can work from four aspects, one is to adjust the strategy to improve the core competencies; second, to seize the opportunity to carry out industrial integration, currently in China, most of the industry is　　It is necessary to carry out industrial integration under the crisis; third, to improve the ability of innovation, I think it is very important, innovative ability to sustainable development, four is to rely on the domestic market, expand overseas business, accelerate the internationalization of Chinese enterprises operation.　　China's sustained economic growth and huge market demand has provided a good platform for multinationals around the world, and this year, as far as I know, most of our peers have increased their sales targets in the Chinese market, and they want to use the growth of the Chinese market to make up for losses in other markets. As a home appliance manufacturing enterprise, Tcl is affected by the financial crisis is relatively large, because TCL's international market accounted for the entire sales of about 46%, and mainly in Europe and the United States and other markets, so, TCL home appliances first quarter results are not too ideal. But in the two quarter and the second half of the year, Tcl's performance should be better, TCL will also increase the computer, mobile phone, the two mainBusiness investment.　　In addition, as a result of the financial crisis, we decided to increase investment in emerging markets this year, focusing on developing emerging markets other than those in Europe and the US. As a private enterprise, our experience in management is to be familiar with international rules, to have an excellent management team, to seize opportunities, to take steps, and to remain cautious.　　At present, for home appliances enterprises, 3G times are the beginning of new technology, this is a need to open up the market, so this is for home appliances enterprises, opportunities and challenges coexist, but also home appliances enterprises to explore new markets, expand new business good time. The current task is structural adjustment "21st Century": in the financial crisis, the auto industry injury is not light, especially GM's FireWire bankruptcy reconstruction, sparked the market to the auto industry out of the financial crisis debate, how do you think of these status?　　How is China's auto industry coping with the crisis better? Li Jirong: When the financial crisis broke out, China's economy began to fall sharply from the second half of the year, which caused the central government to attach great importance.　　Premier Wen Jiabao to Shanghai and Zhejiang to inspect several coastal open cities how to deal with the crisis, specially to our production base to visit, we can particularly feel that the automotive industry is a long industrial chain of industry, but also an important economic pillar and economic indicators. The car industry in the financial crisis suffered a great impact, with the "winter" is not too much, winter is coming what should we do? This is a problem that the whole car industry is thinking about. At that time we said, winter comes we do not hibernate, but strive to hold a regiment to keep warm. We said four words to the Prime Minister: Winter, do not hibernate, spend time, spring to come. After listening to the premier, we believe that confidence is more important when we face the financial crisis.　　He thinks these four words are not enough to reflect our confidence, so later became "over the winter, not afraid of the cold, spend time, spring to come". 4 trillion of the country's capital investment has been implemented, which brings us opportunities for developing heavy vehicles. But in terms of the auto industry, the financial crisis has not bottomed out and is spreading. This year in 1-May, the global auto industry, Europe fell 1.4%, Japan and South Korea fell 19.1%, South America fell 9%, North America fell 34%, Southeast Asia fell 13.2%; At present, the whole automobile industry is still going down, especially in Japan, the production of the best caught Toyota has so far been a loss,　　And this year's earnings estimates are going to be a loss, of course, related to his overseas assets. Only China is a solo show. 1-May, the entire Chinese car completed 1.954 million, an increase of 14.2%, our company is 530,000, year-on-year growth of 16.4%, commercial vehicles are 2.071 million, the year-on-year increase of 13%, we are 465,000, an increase of 13.5%.　　So the central policy has led to the revival of the entire industrial chain, and the rapid recovery of China's auto industry, one of which, we have a small share of export markets overseas, so the degree of impact is relatively not as big as Japan. So, the next task for China's auto industry is to make productsStructural and industrial structure adjustment. Energy-saving emission reduction is our next stage important goal.　　If we stay on the existing level, then the development of the automobile industry will face a big bottleneck. For SAIC itself, SAIC in a series of domestic mergers and acquisitions after the reorganization, the current most important task is to first the domestic acquisition after the capacity of better resource integration, so as to both bigger and stronger.　　If only to expand the scale of mergers and acquisitions, but not a good integration of resources, just like GM, big and not strong. Greater need for regional cooperation in the crisis "21st century": What impact did the crisis have on the global economy?　　How to cope better? Fan: In this crisis, we have seen the rise of protectionism, and we have seen a new wave of leadership for globalisation, such as the Doha round, and the voices of pessimists. We may see more anti-dumping investigations. In the WTO at Geneva headquarters, people will have to be very busy in the future.　　I think this is due to the global crisis, in the last financial crisis, we saw a very large decline in global trade and financing. We will see the rise of regional cooperation, or bilateral cooperation, especially between emerging economies. We see leaders from all regions making a commitment to more discussion, and China and ASEAN countries will have a very comprehensive Free-trade agreement that will be set up next year. I believe that free trade agreements will further promote regional cooperation, and that there will be more cooperation between countries in both macro and micro policies.　　At the same time, the existing cooperation projects will be further developed. At a time of crisis, we need to encourage all regional cooperation, as well as bilateral cooperation, as long as they remain open to openness, and so long as it keeps the market open, which is good, not only for the region, but for further globalization.