Top of the Great Era

Chapter 1926 Decentralized Management Concepts

Sun Zhengyi pondered and said: "No matter what, you cooperate with Michael Bloomberg to promote the adjustment of New York's economic structure to the technology industry. This is likely to become an industry adjustment worth 10 trillion U.S. dollars."

Zhou Buqi thought the figure of 10 US dollars was scary, but he was right in thinking, "Technology needs innovation, and the industrial structure in the Greater Bay Area is too simple, which is doomed to a thin innovation structure. In terms of innovation strength, it must be It must be a metropolis with a rich and diverse industrial structure such as New York, Los Angeles, London, Tokyo, Paris, Seoul, Beijing, Shanghai, Guangzhou and Shenzhen.”

Sun Zhengyi said with a smile: "Compared with those Silicon Valley giants, Ziwei Star's entry... is a bit late."

In terms of deep understanding of the Internet, Sun Zhengyi is definitely far inferior to last week, but he is not bad at all in his macro judgment on the general trend of the industry and the economic structure.

If Ziweixing International wants to become an Internet giant in overseas markets, it must have its own territory.

It's dark on the west coast.

Ziwei Star entered the market late in the first place, and it would be very difficult to catch up from behind and surpass Microsoft, Google, Oracle and other West Coast technological overlords.

Maybe market capitalization can compete.

But the strong dragon does not overwhelm the local snake.

At this time, there is really no need for Ziweixing to compete with these local snakes in this bloody market. It is better to jump out of the west coast and go to the east coast to open up a new world!

Ziweixing International takes the lead, together with "Ziweixing Galaxy" Changyou, Spotify, Yammer, Ziweixing Global, Pinterest, Netflix, Airbnb, Tumblr, Ziweixing Digital Media and other companies, together promote the development of New York's technology industry!
As long as New York's technology industry develops, Ziweixing International will be the local industry leader, the overlord, and the local snake!

Zhou Buqi said: "It's not bright in the west, but it's bright in the east. If you're too tired of struggling on the west coast, it's better to go to the east coast and open up a brand new market and become the boss."

Sun Zhengyi said with a smile: "Then you have to work hard. You have to focus on New York and invest more in start-up companies. Taking advantage of the fact that New York's technology market is just growing, start early and deploy early."

"Well, I'm working on it." Zhou Buqi nodded, his thinking was surprisingly consistent with him, and then he frowned slightly, "You don't mean WeWork, do you? I definitely won't participate in this project. As I said just now, this A similar sharing economy platform must transform from channel to self-operated. If WeWork wants to be self-operated, it must spend huge sums of money to acquire enough commercial office buildings and office buildings. How much will it cost?"

Sun Zhengyi waved his hand, "It's all trivial."

Zhou Buqi said: "How fast the Internet is developing. Not to mention other companies, Ziweixing is developing several online collaborative office products. It can be foreseen that under the general trend of digital office in the future, home office It is likely to become a trend. WeWork's shared office model is completely contrary to the mainstream of technological development."

"Working from home?" Sun Zhengyi shook his head, not thinking that this is an option for business development, "Working from home is not acceptable, the disadvantages are too great, and the company's management should not be too loose, which is why I did not invest in Netflix reason."

In the past few years, Zhou Buqi has become the big boss behind Netflix.

Sun Zhengyi had long taken a fancy to his talent and had been staring at him.

Including the project of Ziwei Star Global.

This is an entertainment group.

At that time, Softbank prepared a large amount of cash. The plan was to acquire T-Mobile, an operator in the United States, and copy Softbank’s successful experience as an operator in Japan to the United States, leading T-Mobile to recovery.

At this time, Zhou Buqi appeared.

He wants to form an entertainment group. This is not a start-up, but an establishment. He needs to buy, buy, buy, buy and buy some entertainment assets all the way. Through continuous mergers and acquisitions and business restructuring, he will create a company comparable to Time Warner and Disney. entertainment empire.

This is a very bold plan.

Zhou Buqi, an Internet person, wants to cross industries into the entertainment industry. For ordinary investors, this plan is simply lack of understanding and the risk is too great.

So much so that no large investment institutions were willing to follow up at that time.

But Sun Zhengyi is just such a "neglect". He has been staring at Zhou Buqi for several years. After some weighing, he gave up the existing plan to acquire T-Mobile and invested the saved money in Zhou Buqi device, let him take risks in the entertainment industry.

Then, it achieved unexpected and unprecedented success.

Ziweixing Global Group will go public next year, and its market value is likely to reach 1000 billion US dollars!
However, Sun Zhengyi also has his own judgment. Not all projects that Zhou Buqi participated in will follow up. There is one very important project that he has not followed up for a long time, and that is Netflix.

In fact, for a period of time, Softbank was out of the game. They wanted to buy Netflix's stock with a lot of money, but they gave up later.

The reason is that after the due diligence, it was discovered that Netflix's management philosophy was "out of gregariousness".

"Netflix? What happened to Netflix?"

Zhou Buqi put down his teacup, a little surprised.His investment in Netflix was completely foresight, and there really was no complicated due diligence.

Sun Zhengyi was very surprised, "Netflix's management system is very problematic, don't you know?"

"Is it big?" Zhou Buqi really doesn't know. He is just the big boss behind Netflix, but Hastings has all the voting rights. His right to speak is limited, and he doesn't bother to understand so many details, " I know Netflix has a loose management structure."

Sun Zhengyi said: "It is not only loose, Netflix is ​​completely a negative model, it is an anti-Silicon Valley culture."

Zhou Buqi understands this better, he has been to Netflix too many times, "Well, Netflix is ​​really different. Technology companies in Silicon Valley are full of fitness equipment, game consoles, coffee machines Netflix has nothing, and work is work."

Sun Zhengyi said: "It's nothing. The key is Netflix's management model. They put work benefits on loose management. Employees don't clock in and out. They can leave whenever they want, and they can take vacations at any time. , do not require leadership approval."

"Performance-based management."

Zhou Buqi also knew something, so he didn't think it was too strange.

The main reason is that the role of foresight is too great. He knows what kind of magnificent achievements Netflix will achieve in the future.Pushing forward from a correct result, it is easy to assume that all previous derivations are correct.

Sun Zhengyi didn't know the result, he could only deduce the result through the process, which could easily lead to different opinions, "During the Internet bubble period in the 90s, a large number of management models dominated by performance appraisal emerged, and later these companies They're all dead."

Zhou Buqi is relatively young, and he really doesn't know much about Silicon Valley in the 90s.

Sun Zhengyi is different. During the Internet bubble period in the 90s, he was the biggest waver in Silicon Valley. Relying on the Internet bubble, he even briefly became the richest man in the world.

However, relying on the greatest advantage of foresight, Zhou Buqi already knew the result, so he would look at the derivation process very easily, and said with a smile: "If other companies can't do it, it doesn't mean that Netflix can't do it. Netflix is ​​now The streaming media company with the highest market capitalization in the world."

Sun Zhengyi shook his head and had a relatively firm self-awareness. "Management must be centralized. The more centralized, the easier it is to manage. This is consistent with the development law of the Internet. The early Internet had a strong attribute of decentralization." …Well, Netflix’s performance-based management model is the concept of decentralized management. But this is not acceptable. Looking at the current Internet landscape, the whole world is the same, and it is highly centralized. Only centralization It is easier to manage and restrain. There must be a limit to freedom and supervision. Going to any extreme is prone to accidents.”

This is to look at the company Netflix from a higher perspective. No matter how good a company is, it is impossible to resist the general trend of the times. It must follow the trend instead of sailing against the current.

The Internet giants are constantly merging and acquiring, and they are constantly becoming stronger, bigger and monopolized. This is the general trend.

For regulators, the decentralized model is simply too difficult to manage.In this case, it is better to follow the trend and integrate these decentralized technology companies into a centralized technology giant.

This makes regulation much easier.

The same is true for the management of the company. If you want to reduce the complexity of management, you must design the system in the direction of centralization, instead of letting yourself go too much like Netflix.

Performance-based management means that the company sets a target for employees.

As long as the employee completes the target.

As for when employees go to get off work, when they leave work, when they work, when they take vacations...it doesn't matter, let the employees decide for themselves.

As long as you complete the work tasks assigned by the company on time and on time.

Undoubtedly, this is a set of more avant-garde, better and more advanced management concepts, which can truly put people first and show the greatest respect for employees.

But as Sun Zhengyi said, this loose decentralized model will greatly increase the difficulty of management, and even cause the collapse of the entire management system.

Zhou Buqi was silent for a long time.

He thinks more.

This model of Netflix really has a lot of management hidden dangers!
Sun Zhengyi was even alarmist, "Many great companies have fallen due to improper internal management."

Zhou Buqi said with a smile: "Great companies are inseparable from continuous internal reform and self-correction. Netflix's 'governance by doing nothing' does have risks. But I believe that they can do a good job of internal risk control, and if they find signs, they will Adjust quickly."

Having said that, Zhou Buqi is very concerned about this.

The next day, he made a special trip to Netflix to conduct research.

The results of the survey are similar to Sun Zhengyi's statement.

In terms of management system, Netflix is ​​indeed "freeing itself", with very few constraints on employees, showing a loose and disorganized organization from top to bottom.

Restricted by the success of the past few years, Hastings looked very confident, and said with a smile: "There have been many consulting agencies and financial writers who have done research, and it is estimated that there will be many business management articles about interpreting Netflix culture in the market. books."

The emergence of so many books introducing Netflix is ​​actually a kind of promotion for Netflix, which will further strengthen the brand of Netflix.Brand is goodwill, which is the biggest intangible asset.

Zhou Buqi didn't want to be too aggressive, because he couldn't judge whether the Netflix culture was good or bad.

Different companies have different management concepts and corporate cultures.

Netflix has its own characteristics.

It is impossible to demand Netflix with the standards of Ziwei Star or Softbank.

Moreover, Netflix's "governing by doing nothing" model also has a great talent competitive advantage. Zhou Buqi said with a smile: "Our country has an ancient traditional culture called the emperor's bow, and heroes will emerge in large numbers. .Probably means similar to the Netflix culture, through enough decentralization to attract the best talents to come out of the mountain.”

Hastings is very happy, "Yes, in terms of talent competition, Netflix is ​​no worse than many big companies even when it was weak in the past few years. The more intense the competition in Silicon Valley, the more Netflix can stand out. I believe that more and more companies will imitate Netflix’s management model in the future. The Weishu developed by Ziweixing is a very good online collaborative office product, which has been unanimously praised by our employees. Best office product they've ever used."

Zhou Buqi was even happier.

Weishu belongs to the Ziweiyun business group, and Kurian is in charge of the overseas edition. This is what he is best at and is worthy of trust.

However, the online collaborative office model of Weishu also has disadvantages.

Combined with Netflix culture, the disadvantages will be more obvious.

Zhou Buqi invited Hastings to the office, avoiding other people, so he could be frank and honest, and said very cautiously: "There is a management hidden danger, you must be vigilant, and you must prepare a solution in advance."

"Huh?" Hastings became serious all of a sudden, "Okay, tell me."

This is Boss Zhou.

In the entire technology industry, who dares to take his words as a deaf ear?
Zhou Buqi said: "In recent years, the Internet industry has developed very fast. Especially in the past ten years, Internet talents have blown out. This industry can be called the hottest industry in the past ten years."

Hastings nodded, "That's right, talent blowout."

Zhou Buqi said: "The most of them are Asian talents."

Hastings hesitated for a moment, but said sincerely: "This has something to do with the absurd and outdated social background and racial environment here in the United States. White people can become lawyers, doctors, and bankers on Wall Street, but to For Asians, their choices are very limited. Many people say that Asian students are good at math, but I don’t think so. Learn math. For white families, math is not that important, they have more choices."

This topic is very complicated. Zhou Buqi waved his hand, "Not only in the United States, but all over the world, Asians are working hard to learn mathematics well, especially in China and India, which are two populous countries. This is mainly related to the employment situation. In our In the country, there is a saying, 'If you learn mathematics, physics and chemistry well, you will not be afraid to travel all over the world.' The main reason is that it is easier to find a job in this field. This is determined by the economic foundation, let alone... let's not discuss this. I want to say Unfortunately, in the past ten years, China and India, two populous countries, have trained too many or even surplus Internet professionals."

Hastings believes deeply, "Indeed, half of the computer talents in Silicon Valley are Asian, and the proportion of Asians in Netflix even reached 55%. And I can boldly judge that the proportion of Asians in Silicon Valley will become higher and higher. .”

Zhou Buqi said: "For Netflix, this is the biggest hidden danger!"

(End of this chapter)