Chapter 1748 - : Lanxin Corporations Conference (1/2)

Translator: Atlas Studios  Editor: Atlas Studios

Ever since Lanxin Corporation was listed on the market, it received much attention from the public, and news about them was trending both online and offline. Everyone expressed their support and well wishes for them. Xiasi Group’s investment in Lanxin Corporation was also heavily reported on by the media, and this caused an intense reaction in the business world. All of a sudden, Lanxin Corporation was extremely popular.

The second day that Lanxin Corporation was listed on the market, they developed new products, repackaged them, and started to release it in the entire Country Z’s market, quickly gaining a dominant market share of Country Z’s health supplements market.

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At the same time, Lanxin Corporation was preparing to expand its business and enter Asia’s health supplements market, and they signed a contract with a famous distributor of health supplements in Asia.

As for online sales, over periods of continuous change and improvement, they created an outstanding online business, and this allowed Lanxin Corporation to rapidly gain market share of the health supplements market globally, creating favorable conditions for them.

Lanxin Corporation had officially kickstarted its ambitions to conquer the world’s global market.

At the same time, Lanxin Corporation had its first board of directors meeting, and other than the directors of the company, Xiasi Group also joined as a representative of the shareholders.

Wen Xinya hosted the meeting as Lanxin Corporation’s main shareholder and CEO.

“Lanxin Corporation is now listed, and now I intend to proceed with a complete revamp of the company. Lanxin Corporation will not be operated like a traditional company in Country Z. Instead, we will only retain our core functions of manufacturing, purchases, stock market and customer service, and we will control all consumer sales sites.”

Upon hearing what she said, everyone in the meeting was shocked speechless.

Only Xiasi Group’s representative smiled and nodded, as they understood what she was doing and agreed with it completely.

Wen Xinya ignored everyone’s shock and continued, “As for the product sales and planning, advertisements and promotion, etc., they will all be independent divisions. Each division will stand on its own and be self-financed. This will allow us to have an international management team and allow Lanxin Corporation to compete with internationally renowned companies on the same stage, and even match up to them.”

Lanxin Corporation wanted to quickly compete in the global market, and to steady itself, it must first be strong enough to compete.

Country Z’s traditional methods of running a company were no longer enough to reach such standards.

Only companies like T-K, who had an excellent product, R&D, purchase, market, sales, and online sales team, were able to adapt to the fast pace of global competition.

“I know that everyone has doubts about this, but with the traditional management method, there were too many problems in the departments, and the employee capabilities were split unevenly. There was too many redundant staff, and there was office politics internally. This caused problems of people pushing the blame to each other, as well as greed and rampant lying. This caused us to lose touch with the market. Lanxin Corporation has been through a lot to reach this stage, so I would not hope to see the company fall in that way.”

In such a management style, an individual’s capabilities were even more important. For those working in a team, if they lack competency, they would not be able to survive.

However, Wen Xinya was not worried.

A majority of talents in Lanxin Corporation were students who studied overseas, and what they learned there was the management style of global business. Clearly, they would be capable enough.

Everyone silently agreed.

The change in the organization would give them a huge advantage in competing globally, and they must get used to the cruelty of such competition and emerge victorious, allowing Lanxin Corporation to truly stand on the global stage and compete.