Successful examples of company innovation and reform

June 5438 +2004 10, Jiaotong University Mingtai (Beijing) Information Technology Co., Ltd. was successfully listed on Hong Kong Growth Enterprise Market.

In the past seven years, in order to meet the needs of customers and the market, He He and his company have constantly adjusted their business direction and company philosophy, and the company name has been changed several times due to the intervention of capital. Some people criticize He He and his company for always reinventing themselves.

He believes that it is because of constant self-denial and innovation that the company has achieved today.

"I want to be a pilot in primary school, a teacher in junior high school and high school, a scientist in the first year of college, and an entrepreneur after graduation." Frankly speaking, his own ideal of Payne is constantly changing with the extension of time.

In 2008, Jiaotong University Mingtai mainly had three major shareholders. One was an entrepreneurial team headed by the company's president He, holding about 30% of the shares; Second, Shanghai Jiaotong University, with a market share of 20%; Third, Hong Kong Shida and Shida Group, holding 40% of the shares, are the largest shareholders of Jiaotong University Mingtai.

Some people say that while continuously diluting their own shares in every financing, they always have absolute right to speak in the company after financing. There are too few entrepreneurs like He who are good at dancing in the capital market.

Following the introduction of RMB 6 million 1998 from Shida Group in June, He introduced RMB 1000 from Shanghai Jiaotong University in April 2002 to promote Mingtai's listing on Hong Kong Growth Enterprise Market with excellent performance.

At the end of 1998, He also acquired Nanjing Moon Company, the market leader of Chinese translation software at that time, and acquired Hongzhong Chinese Translation Company in August 2008.

He said that when Shida Group was integrated into an industrial capital of 6 million yuan, "it just started business for more than a year, and the company just launched new products, with small turnover, no scale, no clear management ideas and no resources for leap-forward development. The entry of Shida Capital has solved these problems. "

Talking about his feelings of successful financing for many times, He Payne said that investors mainly look at the team, that is, people, and specific projects are not very important.

In addition, around 1998, few people know about capital, and whoever knows about capital will be ahead. "The level and scale of the competition are different now. In the past, hundreds of thousands could start a business. Now millions and tens of millions, the cost of starting a business or success is also high. "

First, cross the river by feeling the stones.

The listing of 65438+ 10-9 made Jiaotong University Mingtai create several firsts in succession: the first general software listed company in China, the first "information localization concept stock" in Asia, and the first listed company in Hong Kong stock market in 2004.

At the strategic conference of jiaotong university mingtai in 2004, he pointed out: "the ability of information localization is one of the standards of a country's comprehensive competitive strength." In order to let the world know China better and let China go to the world better, we must develop the information localization industry. "

Although the transformation of the company seems to be very successful now, what makes He Payne hard to let go is the failure of Suoyou. This project and the past that even the old employees are unwilling to talk about, this dream that emerged and shattered in the first wave of Internet investment, makes He Payne feel pity so far.

"The emergence of the Internet has really changed the whole world. I think all business models will be regenerated and repeated through the Internet. However, due to the one-sided pursuit of cash flow, I am unwilling to continue to invest in search, thus giving up this good opportunity. "

He reflected, "soyou, which started at 1999, was a directory service we launched, but it was abandoned because it was immature. If you can persist until today, soyou's performance will be better than google. "

Soyou's investment in the whole project. Com reached 20 million, and the financing came from Shida, Hong Kong. Today, it seems that this is not a small amount, but compared with the projects that burned hundreds of millions of yuan on the Internet at that time, the investment in search is not large.

The failure of souyou is closely related to the network environment at that time, but there are two other reasons. On the one hand, the management team is immature, on the other hand, no suitable investors have been found.

However, He Payne has only felt pity so far, but he does not regret it. He believes that leading enterprises forward is like crossing a river by feeling the stones, and sometimes mistakes are inevitable. The key is how to make enterprises survive and develop better. "We believe that as long as we keep improving, opportunities always exist."

Second, make a mirror.

He 1995 After graduating from Huazhong University of Science and Technology with a master's degree, he gave up the opportunity to study for a doctorate in Japan and went to a Taiwan-funded enterprise in Zhuhai. I didn't expect him to come from a technical background. A month later, he was appointed manager by his boss.

From 65438 to 0997, He came to Zhongguancun, Beijing, to be the deputy general manager of a software company for better development. That company is a family business, and the boss thinks he is always right. He wants to participate in the decision-making. The irresolvability of this contradiction led to his departure.

It is precisely because of this experience that He profoundly realized that business leaders must be brave enough to admit their mistakes and learn to be tolerant. "I don't think my leadership is necessarily better than other leaders, but I am best at being a mirror for everyone in the team.

For example, I don't know if my tie is crooked, but I can tell by looking in the mirror. Therefore, I don't need to be particularly smart. I just need to be a mirror, a communicator and a communicator. "

In order to listen to the suggestions of the management team more widely, in 1999, He Payne proposed that every manager must have three consultants, the first one must be the boss of the industry, the second one must be outside his own industry, and the third one must have at least one specialty.

In the eyes of outsiders, He Payne and his company can be said to be smooth sailing, one step at a time, but he said: "Looking at the sea from a distance, there is only one line in the sea; But if you look closely, you will find all kinds of waves.

When you are far away from us, you will see one step at a time, because you can only see footprints; But when you look closely, you will see many setbacks and problems we have encountered, as well as many difficulties to overcome. "

As a leader of an enterprise, He Lizhi wants to turn Jiaotong University Mingtai into Lenovo and Dell in the translation field, and achieve sales of 654.38+0 billion yuan by 2008. ?

"My greatest sense of accomplishment is to lead others to success. I don't want to succeed by doing a specific thing, but I hope to help them build a platform and help them succeed. " He said.

Extended data:

He, President of Chuanshen Company, 1995 Master of Solid State Electronics, Huazhong University of Science and Technology. Founded Mingtai Technology Development Co., Ltd. (Jiaotong University Mingtai Software Co., Ltd.) and served as the president. Now he is the president of Vivid Union (Beijing) Information Technology Co., Ltd..

From 1997, he led the company from a "little ant" with only four employees to an "elephant" with assets of hundreds of millions. He has both business wisdom and scientific mind. How did he build the brand of "Orient Express" in China translation tool software market?

From "Jingmingtai" to "Normal University Mingtai", and then to "Jiaotong University Mingtai", how many twists and turns, but the fortunes are interdependent, the billionaire's road to success still has the meaning of "specimen".

Jiaotong University Mingtai (Beijing) Information Technology Co., Ltd. (hereinafter referred to as Jiaotong University Mingtai) is a general software listed company, an "information localization concept stock" in Asia, and a listed company in Hong Kong stock in 2004.

1997, we started our business from a basement with 4 employees and less than 9 square meters. Eight years later, Mingtai of Jiaotong University has a huge asset of 1 100 million yuan and 150 employees. He created his own software: translation software (Orient Express), broadcasting software (Oriental Film Capital) and network software (Oriental Three Kings, Oriental Hong).

In 2005, we established Vivid United Information Technology Co., Ltd. ... dedicated to becoming the virtual language department (VLD) of customers.

References:

He Payne _ Baidu Encyclopedia