Success or Failure: A Case Unique in the Economic History of China and the Global Economy

Author: He Xuelin
Publisher:
Publish Date: 2006-01-01
Features: A must-read book for 120 million entrepreneurs, marketers, managers, and bosses, and a preferred teaching material for employee training in 100,000 companies and university MBA classrooms. From having nothing to becoming a billionaire, from being a billionaire to having nothing again, and then from having nothing to becoming a billionaire again—this is a case unparalleled in the history of Chinese and even global economy. The Giant Group had many problems in its corporate culture; slogans like "We want to be the Eastern Giant" were too vague. To rebuild, practical slogans are needed, not empty ones. Liu Chuanzhi, Chairman of Lenovo Holdings, said, "We will walk with the Giant." Our principles in dealing with people and matters are quite similar—we do not shirk responsibilities we should bear. I greatly admire what Shi Yuzhu said to his employees: "From now on, forget whether you are from S&T or the Giant Group." Duan Yongji, Chairman of S&T Holdings, Shi Yuzhu and the companies he led are the only famous entrepreneurs and famous enterprises in China that have experienced a complete process of "great rise, great fall, and great rise again." This is a classic case that is always worthy of high attention and serious study by the Chinese business community and economic community. As an entrepreneur, economist, and witness, He Xuelin is the ideal interpreter of this case.
Cao Yi, Executive President of Beijing Jianlong Guoj Investment Co., Ltd.
I am a famous failure. Looking back now, I think the most valuable asset in my life is that unforgettable, deeply moving experience. Duan Yongji once said something very well—he pointed out that summaries of success experiences are often distorted, while summaries of failure lessons are correct.
Shi Yuzhu, CEO of S&T Holdings
China's enterprises should first develop and grow. Should we refuse to grow just because we see a giant stumble? Zhang Ruimin, Chairman of Haier Group
Shi Yuzhu and the company he led are the only famous enterprise and entrepreneur to have experienced a complete process of "great rise, great fall, and great rise again." They are the living specimen of Chinese enterprises, rarely seen even in the long history of the global economy. Their dissection should naturally become a classic teaching material for MBA classrooms in China and even around the world, an object of exploration for all entrepreneurs, successful people, failures, researchers, learners, concerned parties, and historical recorders, and a valuable social asset.
What is Shi Yuzhu doing? Where will the Giant Group go? What are the secrets behind the collaboration with S&T? These are all concerns of our readers.
Author He Xuelin has been closely following the development of Shi Yuzhu and his company, possessing first-hand materials on Shi Yuzhu and the Giant Group. Through years of dedicated research, he has written this book. He Xuelin has also made quite accurate predictions about the development of Shi Yuzhu's business. This book profoundly reveals the true secrets behind Shi Yuzhu's two rapid rises and the fundamental reasons for the sudden collapse of the Giant Group. It fully exposes the truth behind Shi Yuzhu's comeback and the strategy and tactics of Nao Bai Jin. It details the behind-the-scenes story of taking over ST Guohuo and the collaboration with S&T, uncovering the fate of the overall decline of China's second-generation private enterprises.