Li Dongsheng Tcl: Overcoming Self To Meet The International Challenges
Obtain a university: to change the fate of knowledge
"Exam nervous fear will overwhelm the table."
1977 winter was unusually cold, in the
Guangdong
Huiyang County Ma rural educated youth who jump the queue to be transferred to the Battle of digging reservoirs, difficult conditions and thus live slow the. However, with different companions, one of the educated youth has always been suspected of Clock going too fast, which is restless Li Dongsheng.
Year, Li Dongsheng queue is already the third year of life. The news reopening after the battle in order not to affect the speed, not allowed to leave the farm provides review, Li Dongsheng only boil the oil lamps at night to study hard, he wants to use knowledge to change their destiny.
Two months later, Li Dongsheng join the the college entrance examination, the examination room is a small room, tables are small, Li Dongsheng then recalled that he was very careful, "fear will overwhelm the table." However, excessive tension and did not affect his play.
Li Dongsheng to physical and chemical performance
the county was the first admission of South China University of Technology.
1981, the Mr. Li graduated from the University Huiyang areas assigned to the CST as cadres, did not take long, he was a joint venture "TTK Home Appliances Co., Ltd." to employ the technical staff. In 1985, Li Dongsheng has been appointed
TCL
Communication Equipment Co., Ltd. General Manager. Li Dongsheng has been to 1985 as an important turning point in his life, that year, he was 28 years old, but has been in charge of an independent enterprise.
To make a change: Private mortgage most drastic
"In 1996, before restructuring, I did not share a penny, but I always treat it as a writer."
For a job well done as well in early 1993 after the reorganization of Li Dongsheng TCL Electronics Group Corporation.
Thinking about the path of enterprise development, the Li Dongsheng TCL Electronics Group want to change 100% of the then state-owned holding the status quo, through property rights reform to increase momentum for the sustainable development of enterprises. Reform has become the inevitable choice. Li Dongsheng made to state-owned assets management equity incentive increments as indicators, and the Huizhou Municipal Government signed a five-year license operating agreement. Under the agreement, TCL was approved about 300 million yuan of net assets of all Government-owned, annual growth rate of net assets of no less than 10%. Such as growth of 10% to 25%, the management of growth of 15% available; increased by 25% to 40%, the management can be part of the increase 30%; up 40%, and the management can get 45%. And as the first responsible person, required to pay 500,000 yuan Li Dongsheng risk mortgage payments, and authorized to operate from the date of the minimum wage issue only 50% to 100% of target to receive wages.
In those days, to the management equity incentives as an important means of restructuring has often drawn public criticism, "I'm restructuring in 1996, before the penny shares are not, but I have been to this business as writers. "The cash was not enough, Li Dongsheng and his father's house to do a mortgage, most drastic.
Time to return to the Li Dongsheng. With accurate judgments on enterprise development. 5 years later, TCL's state-owned assets more than tripled. January 2004, TCL Group, TCL Communication convertible with subsidiaries, the Group achieved an overall listing.
M & A: face baptism of blood and fire
"Cross-border mergers and acquisitions means that with other people's old machine, do not expect to give him added fuel can."
Li Dongsheng most ideal is to TCL of China made the most competitive world-class companies. 2004, two international mergers and acquisitions, once so close to his dream of infinite, but also let him and his company went through a baptism of blood and fire.
Li Dongsheng Tcl: Overcoming Self To Meet The International Challenges
By: yoyo
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