Era: I was a farmer at the foot of Yaoling Mountain

The meeting room fell silent immediately, and everyone, including Lin Hanyang, was speechless.

When it comes to running a business, you ultimately need to look at two key metrics: revenue and profit. Everything else is secondary. If revenue growth is sluggish and profits are declining, then there must be something wrong with something.

Fang Wei then announced the end of the meeting and, accompanied by Lin Hanyang, began to inspect various departments.

He soon discovered that furniture companies had completely abandoned solid wood furniture and, in order to cater to the market, mostly used composite boards as the main raw material.

Even the high-end furniture that used to be available now only has a few varieties left.

“Nowadays, we’re all about environmental protection, so we’ve cut most of our solid wood furniture, including furniture made from precious woods. Also, small bamboo products have low profit margins, so we plan to give them up as well.”

Lin Hanyang answered Fang Wei's questions and explained the company's new development strategy.

Fang Wei gave the other person a strange look, but said nothing. After all, there were other employees around, and he had to give the other person some face.

Lin Hanyang was a veteran of the furniture company. The other party was originally a sent-down youth who was assigned to the countryside. Because he knew some furniture design, he was assigned to the bamboo ware factory.

When the educated youth returned to the city, the other party chose to stay in the local area and worked in a bamboo ware factory and a furniture company.

After Fang Ping was transferred, Lin Hanyang took over as the general manager of the furniture company.

"Let me sit in your office for a while."

Fang Wei walked around the various departments and then went to Lin Hanyang's office.

"Hanyang, tell me, what made you decide to give up your advantages?"

The market is constantly changing, and it is normal for a company to experience both highs and lows.

However, Lin Hanyang abandoned his traditional strengths, such as high-end furniture, solid wood furniture and bamboo products. Simply emphasizing environmental protection and new types of boards is not enough for the company to break through the encirclement.

“Secretary, panel furniture is popular now. We tried to keep up with the trend in furniture styles, but the results were not good.”

Lin Hanyang gave an awkward smile, but still subconsciously offered a defense of himself.

At the time, the company was undergoing a business transformation, which met with opposition from many employees, but he and several senior executives still insisted on doing so.

After all, at that time, several furniture companies using new types of boards as raw materials were invincible in the market, which further strengthened his determination to transform.

"Hanyang, the company's previous development strategy was not problematic. With a focus on high-end furniture, solid wood furniture, and new-type panel furniture, even if we lacked offensive capabilities, maintaining our position was not an issue."

"But what you did was cut off the company's core products and shift entirely to new-type panel furniture, which led to the company's operational difficulties."

Fang Wei sighed and pointed out the problems with the furniture company.

Lin Hanyang was too eager to recreate his former glory, which resulted in mistakes in business decisions. He used his own disadvantages to compete with others, and it was fortunate that the company did not collapse.

In the past two years, Fang Wei has not focused his energy on the furniture company at all, and Hu Linwei has been busy expanding new businesses, so everyone has not paid enough attention to the company.

Moreover, he and Hu Linwei generally do not interfere with the normal business operations of their subordinate companies. As a result, Lin Hanyang did not report the situation to the group company and made significant adjustments to the company's business direction, which led to the current situation.

“Secretary, there is no market for solid wood furniture in the future. Although the company is in trouble for the time being, I believe that as long as we persevere, we will definitely be able to develop rapidly again.”

Lin Hanyang did not compromise, nor could he compromise.

Can he not bear responsibility for the furniture company's current predicament? If the transformation was a mistake, then it was his decision that was wrong, and he cannot accept the result.

“We allow our subsidiaries to explore, and failure is not terrible, but we must learn from it. You originally had the opportunity to correct your mistakes, but unfortunately you were unwilling to face the failure and instead planned to go down a dead end. This is a gambler's mentality.”

Fang Wei didn't hold back and struck the opponent's vital point directly.

Victory and defeat are common occurrences in warfare, and an excellent business leader should have the ability to correct their own mistakes. Lin Hanyang, on the contrary, not only failed to reflect on his actions but also concealed many details.

Regardless of the other party's motives, this is very wrong.

That evening, Fang Wei called Hu Linwei and others, and the group company activated its accountability mechanism. In just a few days, the personnel arrangements for the furniture company were reshuffled.

Lin Hanyang was removed from his position as general manager of the furniture company, and the two vice presidents were also dismissed.

Based on democratic evaluation and selection by the group company, a series of positions, including general manager, deputy general manager, and design director, were reappointed.

The furniture company's top management was all affected, and many middle-level managers were replaced, making it a thorough purge.

That evening, Pan Lianhua invited Lin Hanyang to her home for dinner, with Fang Wei accompanying them.

Back then, Pan Lianhua, Fang Ping, and Lin Hanyang led the bamboo ware factory out of the mountain village and gradually made it bigger and stronger. But now, things have changed. Fang Ping left the furniture company long ago, Lin Hanyang was dismissed, and only Pan Lianhua is still at the bamboo ware factory.

"Hanyang, what are your plans next?"

After a few rounds of drinks, Pan Lianhua took the initiative to start a conversation.

Given that Lin Hanyang is fully aware of his financial situation, and that his mistakes were related to business strategy and concealing the difficulties of the company's transformation, he shouldn't be condemned outright.

"I can't stay at the furniture company anymore," Hu Linwei suggested, "so I'll transfer to the group company." "I'll follow your instructions and am willing to go to the group company."

Lin Hanyang had also gone through a complex internal struggle these past few days, but ultimately decided to accept reality.

Although he might be relegated to a less important position at the group company, he still didn't want to leave the team.

"Hanyang, cheer up. You've caused irreparable damage to the furniture company this time, and we've already done our best to mitigate the damage to you. Work hard in the group company from now on, and maybe you'll have a chance to make a comeback one day."

Fang Wei nodded, pleased that the other party had made such a choice.

To be honest, it was precisely because Lin Hanyang had made significant contributions to the company's development that the group gave him a chance.

Other staff members were dismissed without any chance of recovery.

After the meal, Lin Hanyang took his leave.

Fang Wei and Pan Lianhua returned to the village the next day. With Hu Linwei keeping an eye on things, nothing would go wrong.

"Third Brother, can the furniture company regain its former glory?"

Pan Lianhua naturally didn't want to see the furniture company collapse. She even felt a little guilty, realizing that she should have thought of some problems when the company's orders were mainly for panel furniture.

It's too late to say anything now, and she wasn't in a good mood after she got back.

"It depends on how you define 'glory'. It might be difficult to return to the peak, but there are ways to ensure the company operates normally and maintains a certain level of revenue and profit."

Fang Wei didn't think there was anything wrong with Lin Hanyang betting on new-type panel furniture, but when reality fell far short of expectations, he should have the courage to admit his mistakes and return to his own advantageous products.

However, the other party not only refused to admit his mistake, but also concealed information from the parent company, which was the real reason for removing him.

Going forward, the furniture company will return to producing high-end, precious wood furniture, solid wood furniture, and bamboo furniture and ware. Panel furniture will be retained to some extent, but it will certainly not be a focus of development.

The furniture company has a solid foundation; after restructuring its product portfolio, it should be able to overcome its difficulties soon.

Fortunately, the company operates on a production-to-order basis and does not have much inventory, so the specific losses are not significant, but it has still had a certain impact on the company's long-term development.

"That's good! Hopefully things will get back on track soon."

The company will experience some turmoil after the cleanup, but with Hu Linwei in charge in the provincial capital, this phase will pass quickly.

Pan Lianhua breathed a sigh of relief. To be honest, she still had feelings for the bamboo ware factory and the furniture company.

The furniture company quickly resumed normal production and operations. Yaoling Forestry supplied the company with a large amount of precious and common timber, and lost customers began to return.

The bamboo ware factory is bustling with activity again, with the most orders being for high-end furniture, bamboo furniture, and bamboo products.

Hu Linwei felt a weight lifted from his shoulders. Upon returning to the group company, he quickly received the disciplinary decision. As the vice president in charge of the furniture company, he also had to bear leadership responsibility for the major problems that had arisen.

First, he has to submit a written self-criticism to the board of directors, and second, he will have six months' bonus withheld.

Hu Linwei was completely convinced. The furniture company was indeed one of the businesses under his supervision, but who told him to have been so careless?
Having resolved the furniture company issue, Fang Wei finally had some free time, so he decided to go into the mountains to take a look.

It was early this morning.

Fang Wei drove into the mountains and arrived at the experimental forest.

Upon entering, wow, the entire mountainside was covered with these rare herbs, making the so-called difficulty in propagation seem to have never existed.

He then had the forestry company send people to transplant the plants. Most of the rare herbs in the experimental forest would be transplanted to the cultivation base, and with further development, the supply of these rare herbs would increase significantly.

A small number of rare herbs remain in the experimental forest, and Fang Wei plans to continue breeding them, expecting another bountiful harvest in the fall.

"These are all good methods for the natural propagation of precious herbs. In the future, we can try to cultivate more precious varieties."

Fang Wei had an idea in mind: the experimental forest still needed to exist, and it would definitely create greater value in the future.

morning.

Fang Wei was handling official business in his office when Lu Zhiwen suddenly walked in around noon.

"Secretary, are you busy?"

"Manager Lu, what brings you here so suddenly? Please have a seat, I'll have someone make some tea."

Before long, a staff member brought tea, and Lu Zhiwen drank the tea while talking about the recent situation of Xiangyang Locks.

"The company has been having a tough time lately. It was only thanks to the 5000 million yuan loan from the bank that the company's normal operations and production were not affected."

After Fan Zhipeng formed that alliance, Xiangyang Locks encountered problems in raw material supply and sales channels.

Fortunately, Xiangyang Locks is a strong company, and its special and new lock products have stabilized exports, but its market share in the domestic market has been declining steadily. (End of Chapter)