Some of our entrepreneurs went to Europe to give lectures, and as soon as they got off the bus, they began to guide the world's top 500 companies in Switzerland: you have worked for one or two hundred years to reach this scale, you can use the model of listed companies + PE (private equity investment) to do large-scale, bigger capital, as long as 20 years can do bigger than now. The Swiss watched their performances and laughed silently.
This is a mistake that Chinese entrepreneurs are prone to make. Due to the huge domestic market and good development environment, many Chinese enterprises are prone to fall into the trap of blind exaggeration. Keep financing and then expand. Watching the rapid growth of the various data on the financial statements, these entrepreneurs began to flutter, regardless of the others, is to throw money. The employees next to it also have various rainbow farts. However, the company's products, management and other aspects are completely unable to support such a big situation. Finally, it is to dismantle the east and make up for the west, a place of chicken feathers. In fact, they are not entrepreneurs at all, but capitalists. Take capital to expand around, and grow barbarically in the name of barbarism. What they do is not business, but pyramid schemes. There are too few companies like Huawei that really understand management and R&D. What we want to cultivate in the future is a truly competitive enterprise like Huawei and an entrepreneur like Ren Zhengfei who really understands modern management.
