DOC

PhD Wang Xingchu, A Successful Leader of A High-tech Company Reform

By Edwin Bradley,2014-02-18 17:12
6 views 0
PhD Wang Xingchu, A Successful Leader of A High-tech Company Reform

PhD Wang Xingchu, A Successful Leader of

    A High-tech Company Reform

hDWangXingcguwasbornjnf962He

    theBoar~cgaiofShanghaiBiotech

    nohrgyIndustria1GardenCoalitionDevel

    opmentCo.LtdandtheGefleralManagcrof ShanghaiHuaXinHighBiotechnologyCo.1ad

    Wangssome0the.rdutiesInclude?ceDirec-

    torNDlNGmagazineSmndlngDirectorof ChinalndtrialandCommerciaCount_l_Vice

    DirectorofCl1InaEconomistsForum.ViceD

    t0rofChinaFamousDectorForumViceSecre taryjn~:hicfofWRSAShanghaiMedicalBranch. Re,~earchcrofRe.~hinglnsdmteofChinaMin isOyofCommerce".FmfcssnrofBel_inglnn0v ?ollResearchingInstituteofCapjalNonn Uhirers1ty.ViceDirectorofGraduateSchoo1of Enter0ri~Mm]agementlnnovationofChinaMan. agemcntScienceResearchingInsdtuteStanding Dj~cloTofCh1nCEOClub

    Wanghasbeenentitled"ChlnaTenManage mc?tl~ovadonCharacters"and"2004Shang. haiLeadingChureterofScienceandTechnology C-out":hehasattainedthecertificatesof Nationa1SrdManagementOperatorSenior

    ProfessionalManager.Accou~lan[.elc.and

Anle.rit2ltnIntemalionalTiningAssocimion-Reg

    lstaledlntemationalPmf~ssionajTminer.Harvard CommercialInstitute=Harvm'dManagcrBritish LondonCommerclalManagerAssociationBril.

    ishSenlurComm~rclaIManagere[eWangs thesiseshavebeengrantedfirstandsecondclass awardsbythenadonaJamhodlagveorganizations Wangusedtobenairfoernalor.general financialdirector,vicegenemlmanager.geheral manager0flargestaleownedforeigncapitaland

    privitteenterprises.e?ageneralnancia

    dilq~ctor.icegeneralmanaerdirectoroflisled

    compan1esHehasbeenengagedinfinancial managemcnthuman?managementand

    entebusinessmanagementforalongperiod. WangusedtoelnAirfoandhadbeen

    awardedtheThirdgradeExploit;hchadbeen

    aw~dedthetitleofAdv~cedWerkfor.

    6lvetwoyearswhenworkjgInChinalnte~a. fionalTru"h1vestmentCo.LtdWhenhewas theGalFinancialDire~orandViceGcncfal ManageroflistedYmatalHualianDevelopment GroupCc1.Ltd.tw('Indicator~ofthecompany werankedl13lothetop10ofl998Shanghaj StockMarketIisledcompanies.forl00mre fksadvancedn1anthelHyear.theshareprice inereasedf4times

    ButWanghasexperiencednnttnus~alpericM since2003whenhebeganIotakethecu~cnt

dutiesHuaXincompany'sachievementsn

    beseparatedfromhihardworksndbold

    Innovatlon

    BcfowangtcxlkthecntdutyofG?J

Manager,thecompany,duetofailedbusi

    Bessmanagementandstrategies,hadsuf- feredseriousdeficitforsuccessive8 years,thedeficitperyearwasaround8 to12millionyuan.theunpaiddebtswere 80millionyuan,thel0millionyuanof capitalneededforthecompanydevelop

    mentwereunexpected.

    Theresourcesweredry,thecompany evencouldnotaffordthesalariesandthe waterandelectricityexpenses,thepur

    chaseoftherawmaterialswas

    unexpected,thegovernablefundwere lessthan60thousandyuan,thecompany werechasedbyaseriesoflawsuitssuch asdebtdemand.cealup.auction.etc.. Theproductionhadtobestoppedand thecompanywasontheedgeof

    bankruptcy.Thenewproductswhichhad consumedgreathardiobsofthestaffwere toberuined.Butatsuchacrucialperiod. Wangtookthedutyofgeneralmanager attheendof2003.

    Wangboldlybeganhisreform.At first.hedismissedtheformerleading

groupandemployednewsenioradmin

    istrativestaffs.firmlylaunchedtarget administration,bydoingso,hehadman

    agedtoencouragetheworkers'activity andsenseofresponsibility.

    Forthesecond,heestablishedthe crisistacklemechanism,signedagree

    mentsofdebtreorganizationwiththe debtowners,andhistriedbesttostop thenewunfavorablecases,soastowin timeandopportunitiesforthecompany's surviva1.

    Forthethird,Wangestablishedaspe

    cialperformanceassessmentsystemof crisisperiod;hehastenedthemarketing management,demandinghighinclination ofpoliciesandresourcestothemarket

    ingstaffs,andreorganizedthemarketing team;helaunchedcompulsorybudget systemandpromotedtheactivityofin

    creasingtheincomeandsavingthe expenses;

    Wangboldlyreformedtheformer

    workingproceduresandmanagement system,soastoimprovetheadministra

    tivelevelandeciency.andhadaccu

    mulatedampleandpragmaticexperiences ontheadministrationofthehightech

    enterprisesandthecrisistackles. Forthefourth,Wangperformeda

    modelroleinthecompanyreform,he I__ny_..k砌一

    ingroleindoingeverything,andhad plungedhimselfinthecareer.Heeven donatedhistotaldepositandsalariesto thecompany.

    Duringtheearlyperiodofhisduty, Wangboldlyimplementedtheintegration ofscienceandtechnologyinnovation, withoutincreasingtheshareholders' burden.andhadlaunchedaseriesofef- fectivemeasures.Withsuchanunselfish iob,Wanghadcreatedamiracle,hehad rescuedthe200millionyuancompany

    fromtheedgeofbankruptcy,andhadbe

    gantomakeprofits,bydoingso,hehad wonrecognitionofthesocietyandthe supportofthestaffs,theboardofdirec

    torsandthecustomers.

    Inthemeantimenghaddealt

    withthehugedebtandlawsuitcases. tensmillionyuanoflostwererescued. Wlanghimselfparticipatedinthefi

    nancialsettlementaftertheproiect construction.reformedthetraditional methodsofauditandsettlement,andde

    creasedthefinalaccountofexpenditure of10.26millionyuanwhichwerere

    portedbytheconstructionunits,withan averagedecreasingrateof28%.saved

    theprojectandfinancialexpenditureof l2.5millionyuanforthecompany. In2004,thecompanyhadmanaged

    tosolveaseriesoftechnicalproblems. andhadachievedbreakthroughsinthe officialapplicationof4newmedicines. whichwererecognizedbytheShang

    haiScienceCommissionasAlevelHigh

    ScienceandTechnologyFruitsTransfer- ringItems,makingHuaXinoneofthe biologicalmedicinemanufacturersin Shanghaiwhichhadthelargestquantity ofgeneprojectmedicines.

    Basingontheinnovation,Wangac

    tivelypromotedtheconstructionofthe virtualresearchanddevelopmentfR& 12I)center.conductedtheintegratedinno

    vationmodeinthenewmedicine

    manufacture,andhadcreatedfourtech

    nologyplatformsforthenewmedicine discoverywithHuaXinCharacteristics. Withintwoyears,thecompanyhad conductedtheresearchof10morenew

    medicinesresearches.besides.erehad

    beenmanyotherinstitutesandenterprises conductedclinicnewmedicineresearchon thesefourplafforms,fiveofwhichhadfin

    ishedtheresearchofproclinic.pilotpro

    ducfionandtheproductionofsamples,ten

    morescientistshadperformedtheirtalents

    ontheplatforms.Thefourplatformswill helpthoseenterpriseswithoutpilotpro

    ductionbasesavetensmillionyuanof investment.andwillprovidelowprices. integrated,highefficiencyandpracticalR &Dbasefordomesticandoverseasre

    searchinginstitutionsandstaffs. Thecompanyduediligencehasbeen awardedbythenationalauthoritativeor- ganizationsof"NationalAlevelCred

    ibleEnterprise"."AdvancedUnitofthe ConstructionofChina'sEnterpriseCul

    ture"."ModelUnitofChina'sEnterprise ManagementandInnovation"."Model ChinaEnterpriseofCredibleBusiness". IthasbeenawardedbyShanghai

    Government"ShanghaiAlevel(top

    leve1)TaxContributionEnterprise". "ShanghaiContractCredibleEnter

    prise","ShanghaiHighandNewTech

    nologyEnterprise"."ShanghaiAd

    vancedTechnologYEnterpriseof OverseasInvestment"."Shahghai PudongEnterpriseTechnologyDevel

    opmentInstitution".etc..

    Thehardiobhavebeenpaid,the

    company.awardedof"National7thFive

    YearScientificandTechnologyFruit Award"."National863planFruitGold

Award"."Be~jingInternationalInven

    tionExpoGoldAward"."NationalSci

    entiticandTechnologyAdvanceSecond GreatAward"."NationallevelNew

    Product".hassurvivedfrombankruptcy. Inthemeantime,ithasmadeactiveim

    pactonthedepresseddomesticmedicine industry.@

Report this document

For any questions or suggestions please email
cust-service@docsford.com