Chapter 1569: Testing

The men brought by Tata, who couldn't hide the dark circles under their eyes, were chatting with Mike and the others, mainly recommending breakfast at the hotel dutifully.

The reason why we need to recommend is because we all know that most Americans are meat-free, but Indians have many vegetarians, and the higher the status, the more they like vegetarian food.

The breakfast provided by a luxury hotel like Taj Mahal made Mike and the others lose their appetite.

When they heard Feng Yiping ask this question, several people couldn't help but praise in their hearts. This young man really knows how to ask questions.

They Tata people know very well that before Ratan Tata took office in 1991, the Tata Group was still an authentic Indian company. The pace of globalization was only started after he took office, and it quickly achieved great success.

At present, the proportion of overseas income in the Tata Group's revenue is getting higher and higher. Looking at the trend, it is likely to exceed the revenue of domestic business in the future.

This can also be said to be the most successful thing during Ratan Tata's tenure. Feng Yiping asked this from the beginning, which was really thoughtful.

No wonder this young man has such good popularity.

Ratan Tata also laughed, and naturally he was happy to answer such a question, "There are many reasons. From an internal perspective, the Tata Group at that time was generally blindly optimistic because of its domestic success, and did not and did not want to consider us. The gap with our international counterparts is obviously very detrimental to future development.”

"Secondly, like China, we are also facing many problems in our domestic development. I think you must be familiar with these problems, such as land expropriation and energy shortages,"

In terms of land acquisition, Feng Yiping really hasn't encountered any problems so far. Even in cities like Shenzhen where land resources are tight, the government didn't hesitate when he opened his mouth and asked very politely whether such a scale was enough.

There is an energy shortage.

When the cabinet factory in the town was first built, there was a fight with the power supply station. Now no one dares to do such a thing. However, with the increase in industrial output in the town and my own future plans, there is a shortage of electricity. It's definitely getting bigger.

It is too difficult and too slow for the government to solve this problem alone.

Currently, my uncle is negotiating a project. He plans to connect the State Grid and the provincial power company to jointly invest 2 billion to renovate and expand the largest hydropower station in the county, striving to self-reliance to solve the electricity problem in the future.

India, with its backward infrastructure construction, will surely have a bigger problem.

Of course, Tata didn't say it, but Feng Yiping also knew that there was another important reason, and that was the increasingly fierce domestic competition, which also forced Tata to seek space for development in the international market.

Tata's voice was a little hoarse and he spoke slowly, "In 1991, when I accepted the job of the group, oh, a young man of your age may not have any intuitive impression,"

"That year, affected by the global environment, India suffered a serious debt default, and the country's foreign exchange reserves shrank to only the value of two weeks of imports. After that, you know, we also launched economic reforms,"

"That incident also profoundly reminded me that it is very necessary for a company like ours to realize global allocation of assets,"

"Fortunately, with everyone's efforts, we are doing pretty well. Facts have proved that because of the low cost factor, our products and services are very competitive internationally,"

Tata said it very simply, but Feng Yiping, who is also the head of the company, could hear the hardship behind it.

It is certainly not an easy and pleasant thing for a company as old and traditional as Tata, which has indeed developed well in India, to be forced to implement an internationalization strategy.

The young Huaqiang does not have this problem at all. Of course, Huaqiang's development in the United States is an example that cannot be copied. Strictly speaking, it has not much to do with Huaqiang.

"I very much agree with the company's internationalization. Optimizing asset allocation is naturally a very important factor. More importantly, whether we agree or disagree, support or not, the pace of globalization will only get faster and faster," Feng Yiping said.

"If we stay at home all the time, we will be unable to fight back in the future when we face opponents who have optimized the allocation of resources around the world,"

For example, domestic companies only have RMB assets. Fluctuations in the exchange rate will have a great impact on relative asset value and competitiveness, but they can only watch helplessly.

"You are absolutely right," Bin Laden said in agreement. "Offence is the best defense. If we want to remain invincible in future competition, we can only take the initiative, including acquiring foreign companies," he said. Suddenly the topic changed.

"Feng, you have successfully led several perfect mergers and acquisitions. We currently have many such options. However, because you do not have too much similar experience, I would like to ask you what factors should you mainly consider before deciding on a merger and acquisition. ?" asked Bin Laden.

Mike and the others were a little proud after hearing this question, which actually meant asking for advice.

Their boss's performance in this regard is indeed amazing. They heard that Harvard intends to use their boss's several mergers and acquisitions as teaching cases.

"To determine a merger or acquisition, I generally have three conditions that must be met. First, it must be beneficial to the development of the company and beneficial to the interests of shareholders,"

Feng Yiping didn't mind saying a few words about such a pragmatic issue.

"Secondly, whether this merger is beneficial to the development of the country where the acquiring company is located,"

This is also a large-scale but very practical problem. Many mergers and acquisitions fall on this issue.

"Finally, through this merger and acquisition, can we acquire some new knowledge and capabilities, and can we do our original work better,"

"If after judgment, the answers to these three questions are yes, then this merger is undoubtedly worth advancing,"

He deliberately simplified the standards, which still made Tata very interested. After all, Feng Yiping's current mergers and acquisitions have been very successful without exception.

"Write it down," he told his men.

"No, no, no, this is just my personal experience," Feng Yiping said with a smile.

"These are all successful lessons learned and worth learning," Tata said with a smile.

At his current position, it is indeed difficult to find someone in China who can communicate on these issues.

Those guys in the country who have similar status to him are, without exception, his competitors. It is difficult to sit together. Even if they sit together, how can they discuss these issues?

Breakfast was served on exquisite gold and silver tableware. "This is pretty good," Tata said to Feng Yiping again like a loving elder.

That was the Indian milk tea he recommended to Feng Yiping. These teas all came from Tetley. In 2000, Tata acquired this British tea company, which also marked the beginning of his global expansion.

"What are your hobbies after work?" He asked Feng Yiping, "I especially like flying. From jets to propellers, including helicopters, I particularly like them all."

This was also something that puzzled him after seeing his subordinates' analysis of Feng Yiping. This young man had almost no hobbies.

This hobby mainly refers to a hobby that is equivalent to his status. In the eyes of others, it can be regarded as a luxury hobby, but he doesn't even like sports cars. What happened yesterday shows that he also has great resistance to beautiful and sexy female stars. .

Such people are really rare.

As for himself, he likes flying airplanes very much, which is considered a luxury hobby for ordinary rich people.

Feng Yiping was stunned, "It seems that I really don't have any hobbies, but I hope I can discover some after I retire."

"Hahaha, I'm a little dwarfed by him," Tata said with a smile.

In a relaxed atmosphere, they also exchanged questions about brand management. “From our experience, it is a very successful way for you to be named Huasheng in front of many of its companies. We did not manage these aspects strictly at the beginning.” , when it was later improved, huge resources were spent...,"

"But I also admire the successful operation of the Taj Mahal brand...,"

Tata talked for a while, and Feng Yiping continued for a while. He talked a lot and ate very little. It seemed that the two of them really liked each other very much.

Only they themselves know the purpose of asking these questions.

With smiles brimming with laughter, they all knew that the person in front of them was definitely a qualified opponent, so the next negotiation would not be so easy.