However, the founder will get old one day. In order to make the enterprise develop for a long time, they will start to train successors after the enterprise is on the right track. Most of these domestic industrial companies belong to family businesses, and the founders have absolute control and controlling rights. They can choose their own successors, unlike some internet companies, because they can only dilute their equity for financing in the early days, and there is no way to achieve absolute holding. Choosing a successor requires the consent of most shareholders. For example, when Ma Yun retired, he could not let his son Ma Yuankun manage Alibaba because he did not have an absolute controlling stake, while Wang Jianlin always wanted Wang Sicong to inherit the family business because Wang Jianlin had an absolute controlling stake in Wanda.
For the enterprises that they have worked hard to build, these founders hope that they will continue to carry forward in the hands of the next generation. For example, Li Ka-shing chose to cede and inherit the family business, Laoganma also let her two sons inherit the family business, Country Garden Yang Guoqiang also let her daughter Yang take over, Wahaha has always been cultivating, and Cao is full of hope for inheriting the family business, and so on. These family businesses don't want family businesses to give up halfway, and successors are the first choice for their children.
As the saying goes, dragons have nine children, each with its own differences. No matter how excellent the first generation is, the children born may not be as good as them. The ability of these rich second generations is high or low, and not everyone's ability is the same as or stronger than that of the first generation. Therefore, after taking over these national brand enterprises, it will inevitably make the enterprises go downhill and even "toss" the enterprises.
For example, Laoganma, whom we are all familiar with, can be said to be the first hot sauce in China. Speaking of which, this reminds Bian Xiao of the days when rice was often mixed with Laodopted Mother when there was no money. Laoganma can be said to have become a national brand by its quality and taste. Its founder, Tao Huabi, has always adhered to the principle of "no fund-raising, no listing, no loan" and only concentrated on being an old godmother.
However, Tao Huabi is very old. In order to train successors, he began to manage enterprises for his two sons two years ago. However, these two sons did not have Tao Huabi's initial intention. In order to save costs, the most important raw material, Guizhou Zanthoxylum bungeanum, was replaced by Henan Zanthoxylum bungeanum, which led to a change in taste, which led many people to give up this national brand and led to a sharp drop in operating income in the past two years. In order not to let the hard-earned family business be "tossed", the first thing Tao Huabi did when he came back was to exchange Henan pepper for Guizhou pepper. Tao Huabi's move also makes Laoganma 20 10. Laodopted mother can be said to be a promising enterprise, but when the founder really fails in the future, it is hard to say whether the two sons can continue to do a good job in the enterprise. After all, there are still many enterprises in the history that have been tossed by the second generation.
Like laodopted mother's successor, and national clothing brand Metersbonwe Bang Wei Bang Wei. 20 16 founder Zhou promoted his daughter to be the chairman and president of Smith Barney. In recent years, Hu Jiajia has not improved the income of Smith Barney. On the contrary, the operating income is getting worse every year. Even Hu Jiajia was restricted from high consumption by the Huangpu District People's Court on June 24th, because the judgment of Smith Barney's house lease contract dispute case was not executed.
Of course, there are still many national brands that have not improved after being taken over by these rich second generation. On the contrary, their development is getting worse. It is not unreasonable that it is easy to start a business and difficult to stay in business. Actually, it's not entirely because the rich second generation is incompetent. Many enterprises have reached their peak under the leadership of a generation, but they are finally in the hands of a generation. Sometimes luck is important. After all, times make heroes. One thing that everyone is most looking forward to is whether Wang Sicong will take Wanda to by going up one flight of stairs or toss it away after he takes over Wanda in the future.