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MillionNovel > The Mech Touch > Chapter 1075 Sibilant Asset Managemen

Chapter 1075 Sibilant Asset Managemen

    The next day, Ves convened his confidants and invited a couple of other top executives such as Jake Altern, the chief operating officer, and the Primrose Mackarie, the chief financial officer.


    All of them knew thepany well. If Ves couldn’t make them understand the principles he espoused, then no one could.


    "Living Mechs. Partners for Life." Gavin rolled the phrase off his tongue. As a marketing specialist, Ves awaited his opinion most eagerly. "I like it. It possesses a good cadence. Hearing it conjures up the image that our mechs are enduring partners for our customers."


    Not everyone agreed. Jake for example did not approve. "That’s all well and good, but it stilles with the w that no one immediately has an idea what our mechs excel at. What does it mean that our mechs are partners for life?"


    "It means that our mechs arepanions rather than products." Ves espoused. "The LMC’s products that can be relied upon to treat mech pilots well when they care for their mechs in return. From a technical standpoint, mechs that qualify as partners for life should be high quality products that are built tost and can endure the rigors ofbat again and again even under moderate use. However, that is only the value that we bring from the surface."


    "What else is there?"


    "Our mechs are mechs with a heart. I’m sure you all heard from our customers that our mechs are slightly morefortable and amodating to mech pilots than thepetition. This is my true area of expertise. My mechs are not just lifeless tools to be used and abused until they break. Treat them well, and they will grow with the mech pilot."


    Some of the people present furrowed their brows or looked confused. Ves failed to convey his principles clear enough.


    "I think Ves is referring to the high customer satisfaction of the mech pilots that use our mechs." Gavin added. "I’ve been studying the reports for a long time, and a lot of the feedback we’ve received from our customers express a very high satisfaction, particrly to picky mech pilots. While our main products are priced beyond the reach of most of our market, those that have been forking good money for our mechs almost never regretted their purchase. I believe our repeat business potential is very high. The only reason why we haven’t noticed this on a wider scale is due to our limited mech catalog."


    When oriented towards customer feedback, the motto seemed more meaningful. As they worked for thepany for several years now, they all knew what their most loyal customers felt about the LMC’s mechs.


    We have a good reputation on that front, but it’s not a sufficientlypelling reason to purchase our mechs over another." Calsie said, sobering everyone up. "Our repeat business is high but our market share remains miniscule. The biggest problem we face is that even if our mechs are well-liked, most mech purchases just want the most bang for their buck, and that means prioritizing performance overfort. When these critical buyers hear our motto, they probably think it’s a weak excuse to make our mechs sound more impressive than they really are. The ckbeak suffers a lot from this problem."


    The Crystal Lord at least incorporated the alien crystal technology as a defining gimmick. Sales of the Crystal Lord had long outpaced the sales of the more iner and less distinguishing ckbeak.


    "I think our main weakness is that our mech catalog has not caught up with the growth of ourpany." Ves stated. "With only two current mech models on offer, our impact on the mech market is too little. I know my motto sounds a bit too abstract and wishy-washy, but the good feedback from the few thousand customers we have shows that it actually has a kernel of truth. As long as I resume publishing new designs, the motto will gain more strength."


    He possessed the confidence to predict such an urrence. Not only would he and hispany gain more prominence once he advanced to Journeyman, but his ability to design mechs with a B-grade X-Factor meant that each of his newer products would never fail to impress those who caught sight of his mechs!


    The most important consequence of his high X-Factor was that the mech pilots that used a ckbeak or Crystal Lord always exhibited more of their potential. As long as their mentality aligned somewhat with the X-Factor of their mechs, the resultingbination always led to a small but substantial improvement in performance.


    The more his mechs proliferated in the market, the more obvious this effect became! At that point, his motto would be a defining phrase that no other mechpany could ever match as well as the LMC could under his leadership and direction!


    Eventually, Ves decided to adopt the motto for hispany. They all drew ns to include it in various documentation and even have it appear on their product pages and in thepany halls.


    "Coming up with a motto is just the first step." He said. "The LMC has done well so far, but the status quo won’tst forever. I want to change thepany from the ground up in order to prepare it for future growth."


    "What do you want to focus on?" Calsie asked. "It sounds like you already have some goals in mind."


    "You may have heard this, but I used to serve as a liaison to the former Kadar-Neyvis Group a few months ago. Although I haven’t been there long enough to study all of their operations, what I’ve learned from my experience showed me that the LMC has a lot to go before they can match the KNG."


    "Ourpany is already running fairly efficiently."


    Ves nodded. "That is all to your credit. However, we need a clearer organizational structure in order to take future expansion into ount. What if we set up a branch office in the Ylvain Protectorate or the Reinald Republic someday? What if we set up a new manufacturingplex in a different star sector a decade from now on? While it sounds somewhat premature to be thinking of expanding our footprint, it’s better to make our preparations now when we are at our current scale."


    His argument took hold.


    Primrose, their chief ountant, added in her own opinion. "If you are about to shakeup the LMC, then I would also suggest addressing our inconsistent licensing structure. Some of the licenses are registered in your personal name, which locks thepany out of the royalties and fees that they earn."


    "Fair point." Ves nodded. He wasn’t unaware of the problem. His personal bank ounts were so flush with money that it was practically obscene. "Have the ounting Department and the Legal Department arrange the necessary details. All licenses will be put underpany ownership. This includes both real and virtual licenses,ponent designs and mech designs, and licenses that we own and licenses we’ve acquired from other entities."


    This made things much simpler and put all the licenses that he and hispany owned under a single name. Ves detached himself from personal ownership of all the licenses including the much-prized Trailzer engine and the Veltrex armor system because he no longer obsessed over them. As a versatile mech designer, even if hispany shuttered all of a sudden and Ves lost ess to all of his licenses, he would still be able to pick himself up somehow by virtue of his ability.


    Only regr Novices and Apprentices clung to licenses obsessively. They didn’t possess the earning power to acquire new licenses at will, so they treasured every license they obtained.


    They continued to talk about the transition and discussed what needed to change. Ves nheless reiterated the main priority of this initiative.


    "Our goal here goes beyond changes in operations. What I truly want is to transform the LMC into apany our workers are proud to be a part of. They need to feel more belonging to ourpany and the have to believe in our mission. Each employee should understand our motto and conform their work to our values no matter if they are mech technicians, sales representatives or managers. Basically, I want to introduce a strongpany culture and identity to the LMC."


    In order to change the LMC to a form that Ves wanted to achieve, they needed to form an extensive and detailed n to achieve the transformation. The LMC version 2.0 that they envisioned would not only be able to keep up with future growth without straining any of its existing processes, but it would also be made up of enthusiastic employees who all shared the same beliefs.


    Now that Ves set his overall goals, his confidants and his managers could do take it from here. They already came up with useful suggestions.


    For example, Jake and Primrose already talked about getting consultants on board to help them guide theirpany’s transformation. The LMC wasn’t the only mechpany in the Bright Republic that wanted to reinvent itself. Obtaining value external expertise in an area which they held little experience in wouldn’t hurt.


    Calsie issued a warning, however. "If you want to rearrangerge parts of the LMC, you will need the approval of the board as well."


    "Oh that." Ves smiled when he heard that. "Don’t worry about the board."


    A few days after Ves announced his intentions to introduce strategic changes to the way they ran thepany, shlight finally fulfilled its priormitment. After several months of preparation, the TNC Holding Group no longer owned a twenty-four percent stake in thepany!


    Ves derived a lot of pleasure in informing the board of directors when they convened in the first meeting since he returned to thepany.


    "Your services won’t be needed anymore." He said to the handful of directors appointed by TNC. "As of yesterday, the TNC Holding Group has formally transferred its shares to Sibnt Asset Management!"


    The two directors representing the Ministry of Economic Development appeared blindsided by the news.


    "You can’t do this! The Ministry would never relinquish their stake on yourpany!"


    "They can because they already did." Two new projections appeared in the semi-virtual boardroom. One of them boldly shooed the toadies from MinEcDev away. "As of now, the TNC Holding Group will no longer be involved in shaping the Living Mech Corporation’s strategy."


    Before the representatives of the TNC could bark back a reply, Ves pressed amand on hism which forcefully cut their projection feeds off. Since they were no longer directors of thepany, it was within his right to kick them out of the boardroom!


    Ves addressed the other directors. Aside from his grandfather Benjamin and Marce Bollinger, the other two directors were rtively independent if well-connected, which made them advisors more than decision makers.


    While the TNC Holding Group still held sway, the independent directors strongly leaned on their side because they were stand-ins for the powerful Ministry of Economic Development.


    This time, Sibnt Asset Management disced the role of the TNC Holding Group. Officially, they represented the interests of the Ministry of Foreign Affairs.


    "We hope to have a fruitful cooperation with you all." A slick, middle-aged man said as he introduced himself to the board. "The Ministry of Foreign Affairs sees a lot of potential in the LMC as a means to extend our influence throughout the star sector. Wheremerce flows, new connections are forged. Our main priority at the board is to make sure that the LMC will be able to expand its reach without forgetting its roots."


    Everyone at the board was still shocked by the sudden change in ownership. Even his grandfather Benjamin seemed taken aback that the Ministry of Foreign Affairs butted into the business of the Ministry of Economic Development.


    No one seemed to realize that Sibnt Asset Management did not actually represent the Ministry of Foreign Affairs, but rather shlight!


    Ves pped his hands. "Now that we cleared out the trash, let us begin with the first item on the agenda. Ourpany is due for some extensive changes. We’ve developed some preliminary ns on what we want to change and we could benefit from your input."
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