"Boss, Manager Zong and Manager Liu felt our electronic products are upgrading too slowly. Those overseas consumer electronics giants are upgrading their products too fast, and we will be seen as old-fashioned." Wu Chih-gang said.
Feng Yu smiled. "Oh? What are they thinking? "
"Our company's technologies are enough to upgrade many of our electronic products to the next level, and we will be the top company in the world."
"Although we are famous now, we are still on par with the rest of the electronics giants. They might overtake us anytime."
"For example, our MP3 players, USB drives, voice recorders, and other smaller products should be designed to showcase our uniqueness and high-end products."
"As for our notebooks, mobile phones, and other products, they want us to introduce new products faster. It is too slow to introduce a new product every month. We should introduce a new product in every series within a month."
"For example, we still have not introduced our e-readers. Sony and other companies had introduced new products, and they had taken away a lot of our market share."
"Zong Zi, think about this. Not all products are suitable to introduce new products quickly. For example, our Wind and rain S3 + is an upgraded version of the S3. But it is selling very well, right? It has even become a synonym for smartphones. "
"If we had introduced the fourth generation of our products, what will the users think? There are not many changes to the functions, and how can it be the fourth generation? "
"Every generation of our products must have a revolutionary change. It might be an evolution of the functions or configuration. It is not a simple upgrade. This will give the consumers a sense of excitement, and they will want to buy our products. "
"Look at Sony's PlayStation and our G-Box. They only introduce a new generation every few years. Did anyone say that they are outdated? But when we introduce new products, there will not only be new consumers, but there will also be some existing consumers who want to upgrade their products. "
"That's why when we introduce our products, we should not only target those potential new consumers. We must also maintain the existing consumers and let them continue to support our products."
"Also, think about this. Why are our prices so slow? It is because we had been selling our products at high prices in the past, right? Once you reduce the price quickly, the people who bought it before will feel like they lost out. "
"We position ourselves as high-end products. You and the consumers think so too, right? Since it's a high-end product, it's just like those luxury products. As long as the performance isn't outdated, there's no need to rush to introduce new products. That would make consumers forget about our products. "
"Also, you mentioned that Sony and other companies had introduced new e-readers. But from the reports, we still own more than half of the market share. What's there to worry about?"
"Do you think they will steal our market? It is impossible for one company to monopolize the market. Even Microsoft failed to do so in the past. Maybe they can snatch a little, but when our new products are launched, not only will we regain all the lost market share, but we will also make consumers more loyal to our products and our brand through the comparison of the performance of the products. "
"As for the niche models you mentioned, think about it. No matter how high-end an MP3 player is, how high-end can it be? Aiwa represents the world's best MP3 player. Although they are not under Taihua Holdings, they still have a licensing agreement with us, right? "
"As for the USB drive, have we not introduced a high-end model? We are selling it at a high price because of our USB drive's security and not because of the exterior design. Let me ask you. When you use a USB drive, will you refuse to use it if the exterior design is not ugly? But if the performance is slightly inferior, no matter how beautiful the exterior design is, will you still use it? "
"It's the same for the voice recorder. We are focusing on the performance and not the exterior design. Although I had emphasized that our products must be attractive on the exterior, we must not overdo it. We must not overdo it. "
It is not a problem to make money for these niche electronic products, but it's best to set up a sub-brand. Also, the design must be outstanding, but the performance is the most important. If the product is flashy, it will ruin the brand.
Feng Yu also knows he had suppressed the few new products from his subsidiaries. This made Zong Qingxian and Liu Chuanzhi unhappy. This is against the company's development plans, and they might think Feng Yu is too stubborn.
But the new products that Feng Yu had suppressed are a new smartphone, a new e-reader, a new Super MP3 player, and a tablet PC that Feng Yu had completed.
Lenovo Group had finally completed the tablet PC. To develop this product, Feng Yu had spent a lot on it and slowed down the development of other products.
But this is nothing. After the product is developed, Liu Chuanzhi and the rest saw it and felt it is a good product. Even if the performance is not as good as the average PC, with Lenovo Group's brand, it will still sell well.
At least, Lenovo Group is confident of recouping their losses.
But now, Feng Yu is stopping the production of the tablet PC. This is not right. They had invested so much, and they are not thinking of earning back the money?
Feng Yu is the World's Richest Man and does not lack money. Not only his company will suffer losses, but his R&D staff are also unhappy. If their products cannot make money, where are they going to get their bonuses? They had worked so hard for so long, and they still can't get an explanation?
Just look at the R&D staff. How much bonuses are they getting? What about us? We had spent so much money, and many colleagues say it is a waste. In the end, we are not getting the bonuses we deserve, and we are not even given a chance to prove that our products are successful.
How can those R&D staff not complain? Liu Chuanzhi must take these complaints seriously. Also, Liu Chuanzhi is under a lot of pressure. After all, Taihua Holdings is not the controlling shareholder of Lenovo Group. It is only a shareholder.
Lenovo Group is not only owned by the state, but its employees also own shares. This represents everyone's interests.
Also, Lenovo Group is a listed company. Based on the financial reports, the R&D cost is so high, and the profits will be low. If this is announced, the share prices will surely be affected, and all the shareholders will be hurt.
Liu Chuanzhi and the rest guessed Feng Yu must have his reasons for making such a request. But he still needs to explain to everyone.
Feng Yu thought for a while and said to Wu Chih-gang. "Inform the rest to hold an interim board meeting of Taihua Holdings tomorrow. It is time to inform everyone."
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