Tata's subordinates who could not hide their dark circles were greeting Mike and the others, mainly dedicated to recommending breakfast in the hotel.

The reason I need recommendation is because we all know that most Americans are meatless, but Indians have many vegetarians, and the higher the status, the more they like vegetarian food.

The breakfast provided by luxury hotels like Taj Maha is unknown, making Mike and the others very devoid of appetite.

When Feng Yiping asked this question, several people couldn't help but praise it in their hearts. This young man really knows how to ask questions.

The Tata people knew very well that before Ladan Tata took office in 1991, the Tata Group was an authentic Indian domestic company. The pace of globalization was only implemented after he took office and it quickly achieved great success.

Currently, the proportion of overseas revenue of Tata Group is getting higher and higher. Judging from the trend, it is likely to surpass the revenue of its domestic business in the future.

This can also be said to be the most successful thing during the term of Ladanta. Feng Yiping asked this from the beginning, and he was really interested.

No wonder this young man has such a good popularity.

Laden Tata also laughed. He was naturally happy to answer such questions. "There are many reasons. From an internal perspective, the Tata Group was generally blindly optimistic because of its domestic success. It did not want to consider the gap between us and our international peers. This is very unfavorable to our future development," he said.

"Secondly, like China, our development in China also faces many problems. I think you must be familiar with these problems, such as land acquisition and energy shortage,"

In terms of land expropriation, Feng Yiping has not encountered any problems now. Even in a city like Shenzhen with tight land resources, the government did not say anything, and asked very politely if this scale is enough.

There is energy shortage.

When the cabinet factory in the town was first built, it was arguing with the power supply station. No one dared to do such a thing now. However, as the town's industrial output value rose all the way and its future plans, the electricity consumption gap was indeed getting bigger and bigger.

This problem is too difficult and too slow to solve by the government alone.

My uncle is currently discussing a project, planning to bring it to the State Grid and jointly invest 2 billion yuan with the provincial power company to renovate and expand the largest hydropower station in the county, striving to solve the power consumption problem in the future by relying on its own.

India, where infrastructure construction is backward, will probably have a bigger problem.

Of course, Tata didn't say it, but Feng Yiping also knew that there was another important reason, that is, the increasingly fierce competition in China also forced Tata to need room for development from the international market.

Tata's voice was a little hoarse and his speech was not fast. "In the 1991 years I have been working in the group, oh, a young man of your age may not have any intuitive impressions,"

“That year, affected by the world environment, India suffered a serious debt default, and the country’s foreign exchange reserves shrank to only two weeks of the value of imported goods. After that, you know, we also launched economic reforms,” he said.

"That incident also deeply reminded me that it is necessary for companies like ours to achieve global allocation of assets,"

"Fortunately, with everyone's efforts, we did a good job. As it turns out, our products and services are very competitive internationally due to low cost factors."

Tata said it very simply, but Feng Yiping, who is also the head of the company, could hear the hardships behind it.

A company like Tata, which is a big and traditional company that is indeed well-developed in India, is definitely not a relaxed and pleasant thing to be forced to implement an internationalization strategy.

The young Jiasheng did not have any problems in this regard. Of course, Jiasheng's development in the United States is an unreplicable instance. Strictly speaking, it has no close relationship with Jiasheng.

"I really agree with the internationalization of the company. Optimizing asset allocation is naturally a very important factor. More importantly, whether we agree or disagree, support or not, the pace of globalization will only get faster and faster," said Feng Yiping.

"If we stay at home and face opponents who have optimized resources all over the world in the future, we will have no power to fight back," he said.

For example, domestic companies have only RMB assets, once the exchange rate fluctuates, it will have a great impact on the relative asset value and competitiveness, but they can only watch helplessly.

"You're right," Laden agreed. "Occurrence is the best defense. If we want to be invincible in future competition, we can only take the initiative, including acquiring foreign companies," he suddenly changed the topic.

"Feng you have successfully led several perfect mergers and acquisitions. We currently have many such choices, but because there are not many similar experiences, I would like to ask, what factors do you need to consider before deciding on a merger or acquisition?" Laden asked.

Mike and the others were a little proud of hearing this question, but this actually meant to ask for advice.

The performance of their own boss in this regard is indeed amazing. They heard that Harvard intends to regard several acquisitions of their boss as teaching cases.

"I have roughly three conditions that must be met to determine a merger and acquisition. First of all, it will naturally be beneficial to the company's development and the interests of shareholders."

Feng Yiping didn't mind saying a few words about such a lack of effort.

"Secondly, is this merger and acquisition beneficial to the development of the country where the merger and acquisition company is located?"

This is also a big but practical problem. Many mergers and acquisitions have fallen on this one.

"Finally, through this merger, will we be able to acquire some new knowledge and abilities, and will we be able to do our original work better?"

"If we judge that the answers to these three questions are yes, then this merger is undoubtedly worth promoting,"

His deliberate simplification of the standards still made Tata very interested. After all, Feng Yiping's current mergers and acquisitions have been very successful without exception.

"Tell me," he said to his subordinates.

"No, no, no, this is just my personal experience," Feng Yiping said with a smile.

"This is all about success and is worth learning from," Tata said with a smile.

In fact, when he reaches his current status, it is indeed difficult to find someone in the country who can communicate these issues.

Those guys in China who have similar status to him, without exception are all his competitors. It is difficult to sit together. Even if they sit together, how can they discuss these issues?

The breakfast was served in exquisite gold and silver tableware, "This is pretty good," Tata said to Feng Yiping like a loving elder.

That was the Indian milk tea he recommended to Feng Yiping, all of which came from tetley. In 2000, Tata acquired the British tea company, which also marked his pace of global expansion.

"What are your hobbies after work?" he asked Feng Yiping. "I especially like flying, from jets to propellers, including helicopters," he said.

This is also something that he was puzzled after seeing his subordinates' analysis of Feng Yiping. This young man had almost no hobbies.

This hobby mainly refers to a relatively equal identity with his identity. In the eyes of others, it can be regarded as a luxury hobby and even doesn't like sports cars. Yesterday's incident shows that he also has great resistance to beautiful and sexy female stars.

He himself likes to play on airplanes very much, which is a luxury hobby for ordinary rich people.

Feng Yiping was stunned, "It seems that I really don't have any hobbies, but I hope I can discover some after retirement."

"Haha, I'm a bit disgraceful," Tata said with a smile.

In a relaxed atmosphere, they also exchanged questions about brand management. "From our lessons, it is a very successful approach for you to stay at Jiasheng in front of many of your companies. We did not manage these aspects strictly at the beginning, but later we spent a lot of resources when we improved...."

“But I also appreciate the successful operation of the Taj Maha brand…,”

It was almost Tata who said it for a while, Feng Yiping continued to say it for a while, and he said a lot and ate very little. It seemed that the two of them seemed to be very close friends.

Only they themselves know the purpose of asking these questions.
Chapter completed!