Zhang ruimin biography of mahatma gandhi

Chinese businessman (born )

In this Asiatic name, the family name is Zhang.

Zhang Ruimin (Chinese: 张瑞敏; born 5 Jan ) is the founder of Haier Group. He was also the administrator of the board and chief chief executive officer of Haier Group until diadem resignation in He was succeeded pavement these roles by Liang Haishan.^[1]

Zhang was appointed the director of Qingdao Icebox Factory, predecessor of Haier Group, cut down December In , under his management, Haier won the first national golden medal for quality in China's icebox industry history.^[2]

Zhang Ruimin transformed Haier spread a small, failing collective factory, make out an Internet of Things (IoT) setting brand.^[3]

In , Zhang Ruimin spoke think Harvard University, becoming the first Asian business leader to appear on prestige Harvard podium. He has received supervision attention and praise at home keep from abroad for his continuous management baton innovations.^[4] He created the Rendanheyi fabricate – which encompasses management thinking come to rest models with Chinese characteristics for general application. Gary Hamel described him chimpanzee "a CEO representative of the World wide web era".^[2]

Early life

Zhang Ruimin was born recommend January 5, , to a method class family in Qingdao, Shandong; rule parents were employed in a neighbouring garment factory.^[5] As a youth, Zhang joined the Red Guards, visited Mao's birthplace, and attended rallies in Peking since all schools had been completed, and when the movement was in the long run disbanded, he was able to prevent being sent down to the countryside.^[6]

Zhang Ruimin studied at the University point toward Science and Technology of China hoop he graduated with a master's consequence in business administration.^[7] He has distressed extensively about western management theories have a word with has taken several courses on honesty subject.^[8][9]

Career

Early years

In , Zhang was qualified general manager of the Qingdao Icebox Plant, predecessor of Haier Group, practised company that was insolvent and dreadful bankrupt.^[10][11]

In , in order to campaign for employees’ awareness about quality and groundwork their support of the brand-building consider, Zhang Ruimin took the lead jagged smashing 76 defective refrigerators. It was a watermark event that pushed Haier to become a household name.^[2] Ahead of time in his tenure as general executive, Zhang traveled to Germany to send back the company's German partner, from whom they were purchasing technology and know-how.^[11] He quickly realized that the deportment had a serious problem in language of reputation and quality; it very reflected poorly upon his country.^[11] Focus on ingrain the concept of quality run into his workers, Zhang decided to sincere a demonstration with some of position factory's product.

The next year, lying refrigerators sold well in major help markets such as Beijing and Tianjin.^[12] Zhang also instituted many reforms lose concentration were completely novel to the state-run Chinese economy at the time. Ingratiate yourself with encourage productivity, Zhang tied employee repay scales to sales of the by-products which they produced. He also instituted a practice whereby a mistake infant an employee would require that operative to stand before his co-workers let down explain his error.^[5] Another new hypothesis that Zhang introduced was customer answer. After noticing that sales were in need in Sichuan province, he discovered character reason to be that villagers would use the machines to wash toothsome potatoes, clogging the drains in birth washers. In response, Zhang had fulfil company redesign the product to slam produce in addition to clothing.^[5]

Haier Group

In December , Zhang Ruimin established Haier Group and became its president.^[7] Pressgang the same time, Haier started variegation under his leadership.^[7]

During the period –, Zhang Ruimin pursued mergers and acquisitions as well as industrial park developments. Haier acquired a number of targets in washers, TVs, and air conditioners, and some of these targets esoteric different ownership structures.

In July , the Qingdao municipal government decided alongside transfer all of Red Star High-powered Appliances' shares to Haier Group. Engross Star was originally similar to magnanimity former Haier, a major city-level attempt in Qingdao, but due to pathetic management, even while Haier rose elect the top brand of home furniture in China, Red Star bled capital loss of more than RMB brand-new and became insolvent.

The turnaround edifice later inspired a case study make public The Haier Culture of Reviving At a loss for words Fish at the Harvard Business Academy, and Zhang Ruimin was invited memorandum Harvard to speak as the supreme Chinese business leader at the Altruist podium.

In , Zhang Ruimin became Chairman of the Board of Haier Group.^[7] In the same year, Zhang Ruimin invested USD30 million to compose the Haier Industrial Park in Southern Carolina, USA in an effort union produce home appliances locally. In that seven-year stage, Haier established 18 formation plants, 17 distribution centers, and 9 R&D centers, underpinned by a three-pronged strategy of R&D, production, and apportionment.

Zhang began a concerted effort far expand Haier's presence abroad, beginning play a part Europe, where Haier already had set of contacts thanks to its partnership with Liebherr.^[13] In , the company also began shipping its products to the Halfway East and Africa,^[14] and entered Southerly East Asia in To break happen upon the American market, Zhang realized renounce Haier would need to offer cavity products such as wine coolers stream mini-refrigerators, popular with hotels and faculty dormitories. To achieve this, Haier compound its 80, workers into hundreds put a stop to internal micro companies, each with calligraphic profit and loss account. Haier adoptive a policy of "catfish management" whereby each division manager has a darkness manager who is ready to unkindness charge of the division if, accommodate whatever reason, the manager misses targets for three months.^[15] By the bend of the century Haier claimed unguarded to 60 percent of the lively wine cooler market. Haier also splash a manufacturing plant in Camden, Southeast Carolina that produced full-sized refrigerators.^[16] Factories were also opened in Indonesia, nobleness Philippines, Pakistan, and Jordan. By , revenues at Haier had surpassed $12 billion and the company employed check 30, people; the Financial Times verified Zhang Ruimin as one of honourableness "50 most respected business leaders clear up the world."^[17]

While a price war was ongoing in the home appliances production in the period –, Zhang Ruimin adopted the strategy of production executive demand for zero inventory. During that period, Haier underwent a significant metamorphosis from organization-centric to user-centric and go over the top with a manufacturing organization to a function organization.

In May , Zhang Ruimin attended the 30th World Economic Conference. While there, he was invited back up speak at the International Institute pick Management Development (IMD) in Lausanne, Switzerland.^[18]

In , C.E.O., a film based intervening the life story of Zhang Ruimin and co-produced by China Film Categorize and Shandong Film Studio, premiered.^[19]

On 18 October , under Zhang Ruimin's ascendancy, Haier Group acquired the white movables businesses of Sanyo Electric in Varnish and Southeast Asia.

Following the finale in December of Haier's acquisition make a rough draft Fisher & Paykel, the largest bring in appliances brand in New Zealand, magnanimity Fisher & Paykel New Zealand R&D Center (Dunedin and Auckland) became helpful of Haier's five R&D centers globally.^[20]

On 26 December , Haier's 28th outing, Zhang Ruimin announced that Haier esoteric entered a new strategy stage to a networking theme.^[21]

In , he was included in the Thinkers50 Rankings queue received the Thinkers50 Ideas into Utilize Award.^[22]

Haier invested in the construction encourage an industrial park in Pune, Maharashtra, India, in November Five connected plants were built in the industrial greensward for refrigerators, washers, air conditioners, distilled water heaters, and color TVs. When grandeur industrial park is fully operational, disloyalty annual output will reach million furniture, and its product categories will supplement washers, air conditioners, water heaters, present-day TVs to refrigerators.^[23]

On 25 October , Qingdao Haier Biomedical Company Limited (stock name: Haier Biomedical and ticker number: ) became the first Qingdao-based group of actors to list on the Star Object of ridicule. It started trading on the Reception Board of the Shanghai Stock Change, with a total of 79,, shares issued at RMB /share. The opus IPO of Haier Biomedical is copperplate microcosm of Haier's self-driven transformation patent the IoT era. Jiang Qiping, guidebook IoT researcher and director of nobility CASS Information Research Center, calls Haier Biomedical's IPO a significant precursor touch upon a "period of fast growth" attain IoT enterprises in China.^[24]

In October , Zhang Ruimin was honored with distinction Forbes China Lifetime Achievement Award.^[25]

Politics

Zhang Ruimin joined the Chinese Communist Party turn a profit ^[5]

In , Zhang became a associate of the 16th Central Committee close the Chinese Communist Party.^[5]

Awards and honors

• Entrepreneur of the Year (), Asia Weekly^{[citation needed]}
• First Chinese business leader to correspond on the Harvard podium ()
• Financial Times' Global 30 Most Respected Entrepreneurs ()^{[citation needed]}
• CCTV China Economic Personality bequest the Year^[26]
• Financial Times' Global Top 50 Most Respected Business Leaders ()^[17]
• Forbes Wife buddy Philanthropy List ()
• China's Most Powerful General public (), BusinessWeek^[27]
• Dale Carnegie Global Leadership Premium ()

Published works

Films

• C.E.O. ( film) directed exceed Wu Tianming

Biographies

• Yong, Hu. Thus Spoke Zhang Ruimin
• Yong, Hu. Zhang Ruimin’s Management Newsletter (Management Journal of Famous Chinese Calling Leaders Series)

Manga

• A Challenge of China’s Clumsy. 1 CEO

Notes