Midea Group(SZ:000333) Nan Fang Du Shi Bao·2025-10-15 04:01Core Insights - The forum discussed how companies can survive and thrive amid global changes, emphasizing the need for precision, strategic layout, and uniqueness in their operations [1][3]. Group 1: Precision in Operations - Companies should focus on lean management to reduce waste, improve efficiency, and optimize processes for continuous improvement and superior performance [3]. - Significant waste exists in industries, often masked during periods of rapid economic growth, highlighting the need for cost reduction and quality enhancement through rationalized processes and compact layouts [3]. Group 2: Strategic Layout - The trend of companies going global was highlighted, with Midea Group as a case study, which began overseas investments in 2006 to promote its own brand [3]. - Companies must adopt an internet mindset and avoid self-imposed limitations, as international expansion can open new pathways, albeit with associated risks [3]. Group 3: Uniqueness and Market Focus - Companies in developing countries often follow a path of import substitution, which may become increasingly narrow over time [4]. - There is a need for companies to generate unique ideas, transform them into technology, and then into marketable products to meet demand [4]. - Chinese companies have historically focused on production while neglecting market importance, leading to a mismatch between market and production capabilities [5]. Group 4: Customer-Centric Approach - The issue of "involution" in companies arises from misplaced focus on competitors rather than customers, suggesting a shift in attention from rival products to customer needs [5]. - Companies should derive their ideas fundamentally from customer requirements rather than merely replicating competitors' offerings [5]. Group 5: External Variables - The unpredictability of external factors, such as tariffs imposed by the U.S., should lead companies to concentrate on controllable variables in their operations [5].