5 Consejos from the richest man in China to

5 Consejos from the richest man in China to

The richest man in China wang jianlingHe is quite a successful man.

According to the list of ForbesAt 61 years old, Wang has amassed a fortune of close to $30 billion, all through his real estate company called Dalian Wanda.

Wanda Group as his company is also known, it is the largest Chinese conglomerate developing private property in this country, as well as being the largest cinema operator with its company Wanda Cinemas.

Wang Jianling’s consejos for doing business successfully:

Additionally, the richest man in China has invested money through his conglomerate, in industries such as commercial properties, luxury hotels, culture and tourism, and department stores.

Today he is dabbling in the entertainment and sports business, thanks to his recent investments in the Spanish soccer club Atlético de La capital de españa and the Hollywood studio Legendary Entertainment.

In his most recent book titled “The Wanda Way”he talks in detail about his managerial philosophy and the values ​​that turned his company into a global conglomerate of gigantic proportions.

Here are the most important consejos that Wang Jianling states in his book that the media shared CNN Money:

1. Army experience

In 1970 Wang enlisted in the Chinese army as a teenager. The training was extremely difficult. This included extensive walks where the snow was calmly knee-deep.

“We had no right to anything. We had to dig our own hole in the snow to spend the night.” recalls Wang. “Anyone who hesitated or hesitated could forget about being promoted or receiving recognition that year.”

This experience built his fighting spirit and desire to fight to the end, Wang concludes.

According to Wang, there is a direct relationship between the military past and success, stating that the majority of successful Chinese entrepreneurs served in the army of their country.

2. Differentiate and innovate like Starbucks

Wang says that “The most important thing is to understand how you cánido differentiate yourself from the rest and be innovative”.

For example, everyone knows how to sell coffee, but Starbucks redesigned the brewing process, innovated its business model, and became a successful business each.

China’s richest man doesn’t think tech companies are the only ones who cánido lead the future. As he himself put it:

“It doesn’t matter if you are in a traditional or emerging industry, if you are able to innovate in the business model, you perro generate great profits.”

Where his words go, his money goes, and proof of this is the bet he made for 15.3 million dollars in 2013 with Jack Ma (Alibaba founder) if y también-commerce will occupy more than half of domestic commerce in 10 years.

3. Stay close to leadership

Wang cooperates with Chinese government-run companies in defining their construction operations. What’s more, his company has sought to align its corporate objectives with the decrees of the Chinese communist party.

For example, their interest in investing abroad has increased after China’s State Council issued specifications in 2014 for Chinese private companies to start growing globally.

In fact, he is not ashamed to say that he seeks to please government leaders, including the president. Xi Jinpingsuch as by investing your money in soccer teams.

“Government leaders care a lot about football, and the China Sports Administration has made several calls, so I responded to them and offered my support for local football.” Wang says.

However, relations with the government are very complicated in China, they are a difficult road to travel… “it is much more complicated than completing a PhD at Harvard University”, says the richest man in China sarcastically.

It may interest you: 30 Leadership and Motivation Books That Will Change Your Life

4. Minimum objective: be number 1

“There’s nothing wrong with being number 1 globally,” says Wang.

However, he adds that part of building success involves instilling employee ambitions and goals in your company if you want to build a distinctive corporate culture.

To achieve this, Wang has created an internal website and a corporate monthly magazine, which he sees as the focus for expanding Wanda’s corporate culture.

Inspirational employee stories are shared within the magazine, with the aim of increasing company morale. Additionally, Wang recommends a book each year for his workers to read.

5. Do not read books about the corporate philosophy of companies

One of the characteristics that best describes my success is that I have never fully trusted books, says Wang. That includes books by people like him.

“You simply cannot copy models that have worked for other successful entrepreneurs, so please do not take what is written here as learning material.”

What may work for my company Wanda may not work for another company as circumstances and industries change, Wang confesses.

Continue reading: What to invest money in according to the richest man in Asia

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