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Instant noodle giant Wang Zhongwang: With ambition to collapse himself, the company with annual sales of 2 billion yuan in three years has collapsed

author:Jiang Ge Kan Finance
In life, there are many people who like to eat instant noodles very much, which is mainly due to the advantages of instant noodles concentrated in the first two words, especially for some office workers, sometimes it is too late to cook, will soak a bag of instant noodles, if it is a bag of instant noodles, under normal circumstances, the price is about three or four dollars, you can make yourself a full meal, is it not very cost-effective? There are many instant noodle brands in the mainland, and the types of instant noodles that people can choose are also various, who is the inventor of instant noodles?
Instant noodle giant Wang Zhongwang: With ambition to collapse himself, the company with annual sales of 2 billion yuan in three years has collapsed

The inventor of instant noodles is The Chinese-Japanese Wu Baifu, who invented instant noodles in 1958, since then, instant noodles have appeared in supermarkets in various countries, especially now that the taste of instant noodles has become diverse, and it has also gained many enthusiasts.

There is a giant of instant noodles in the mainland, he has achieved annual sales of more than 2 billion, but at the same time, he only took three years to destroy the company, with his own ambition to make the company close, who is he?

He is wang Zhongwang, the founder of the Wugu Dojo, and like many entrepreneurs, he has made the Wugu Dojo bigger and stronger by virtue of his own strength. Because his family was relatively poor since childhood, Wang Zhongwang was very eager to get out of this poor life, so he was admitted to university with his own efforts.

Instant noodle giant Wang Zhongwang: With ambition to collapse himself, the company with annual sales of 2 billion yuan in three years has collapsed

In the 90s of the last century, many universities had very few enrollment quotas, and those who could be admitted to universities at that time were very capable, because his ancestors were farmers, so after Wang Zhongwang was admitted to college, he also made the whole family raise their eyebrows.

In the year he graduated from college, he went to work at the Hualong Instant Noodle Factory founded by his compatriot Fan Xianguo, and with his ingenuity, he quickly became a small foreman of Hualong instant noodles.

However, he was not willing to only work for others, so he thought that if he could create a brand of instant noodles, especially instant noodles, the requirements for technology are very low, since others can make instant noodles to sell, they can also.

Instant noodle giant Wang Zhongwang: With ambition to collapse himself, the company with annual sales of 2 billion yuan in three years has collapsed

So after Hualong instant noodles resigned, he pulled in 13 partners and founded Hebei Zhongwang Food Co., Ltd., because his ambitions are very large, and he is very dissatisfied with the previous company, so he is against Hualong company everywhere in the instant noodle business, which makes the two soon reach the point of intolerable water.

Wang Zongwang has just started his business, he has made a big enemy for himself, although this approach is indeed very inappropriate, but fortunately, Wang Zhongwang has still succeeded, and has also launched a different type of instant noodles than traditional instant noodles, such as dry instant noodles.

In addition, he also led the company to launch a lot of instant noodles, with his hard work, in less than a year after the company was founded, Wang Zhongwang led the company's sales to exceed 100 million yuan.

Instant noodle giant Wang Zhongwang: With ambition to collapse himself, the company with annual sales of 2 billion yuan in three years has collapsed

As Wang Zhongwang's predecessor company, seeing that Wang Zhongwangxue himself can also become bigger and stronger, he is also constantly imitating Wang Zhongwang, so many of the products launched by the two companies are very similar.

Although Wang Zhongwang has led the company to have a certain strength, there is still a very big gap compared with Hualong Company, and Wang Hualong Company has become one of the three giants of instant noodles.

However, Wang Zhongwang, because of the lack of financial support in the process of development, has not had a major breakthrough, fortunately, at that time, Master Kang threw an olive branch and jointly established the Hebei Three Princes Industrial Company with Wang Zhongwang.

Instant noodle giant Wang Zhongwang: With ambition to collapse himself, the company with annual sales of 2 billion yuan in three years has collapsed

However, because of Wang Zhongwang's calculations, the two companies parted ways. However, Wang Zhongwang, who had funds, seized the opportunity to launch non-fried instant noodles, which not only squeezed Hualong instant noodles, but also seized master Kong's high-end market for instant noodles.

In 2006, Wang Zhongwang led the newly created Wugu Dojo to achieve sales of 2 billion yuan, and also became the top position in the 2006 Top 100 Growing Enterprises in Mainland China.

Because Wang Zhongwang said that non-fried instant noodles are healthier, that is, as long as fried instant noodles are at risk of carcinogenesis, this advertisement can be said to have offended many people, making many instant noodle manufacturers become enemies of the Wugu dojo.

Instant noodle giant Wang Zhongwang: With ambition to collapse himself, the company with annual sales of 2 billion yuan in three years has collapsed

At the beginning, the revenue of the Wugu Dojo was still very good, and Wang Zhongwang was also very willing to spend money on advertising, but it was precisely because of this that the company did not have too much original capital accumulation in the process of development.

In contrast, the money spent is still quite a lot, and Wang Zhongwang is arbitrary in the process of leading the development of the company, and it took only three years to make this instant noodle brand fall.

It has to be said that the development of the company has a lot to do with the decision-making of a business leader, although Wang Zhongwang is very talented, but because of excessive arrogance and excessive ambition, the company has failed.

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