MOSO Power Technology Co., Ltd. (stock code: 002660) launched its corporate management reform project on March 10, 2023 to further improve its strategic management, enhance innovation and competitive advantage, as well as boost internal management.
Present at the launch event included Gu Yongde, founder and general manager of MOSO Power, Wang Bo, project director of Ernst & Young Global Consulting Services, and more than 40 representatives from MOSO Group’s management team and business units.
The year 2023 represents the first year of implementing the ethos of the 20th CPC National Congress, and also the year of MOSO Power’s three-year plan to seize opportunities and accelerate high-quality development. MOSO Power will focus on annual objectives and key tasks, prioritize industrial expansion, improvement of innovation and product quality, as well as accelerate the implementation of its global expansion strategy.
At the beginning of the event, Wang Bo gave a briefing on the project plan, work concept, specific implementation plan and cooperation in the promotion of MOSO Power’s management reform project.
As one of the world’s leading consulting service providers with over 760 offices in more than 150 countries, Ernst & Young provides global consulting, transaction, audit and integrated tax services. Ernst & Young has a strong presence in China, establishing 33 branches in key cities across the country. It is committed to providing a full range of consulting services from strategy, management to system implementation.
In his speech, Gu said MOSO Power is showing renewed vigor following the support of Jinan state-owned assets, under the new development model of mixed-ownership companies. MOSO Power is currently expanding the new development model to fast-track business growth. MOSO Power needs to establish an advanced management system to meet development needs in the new era, support the realization of its future strategic development goals, enhance adaptability to the external environment, and promote long-term sustainable development. MOSO Power is expected to achieve management reform with the help of Ernst & Young.
The founder added that the company has set up a management reform leadership team for smooth implementation of the project. It’s hoped that both parties will work together to efficiently promote the company’s management reform process in the next six months. Meanwhile, Gu hoped that every management team can improve their responsibilities, take into account the company’s development in management reform, and implement the following four points:
- Change ideas and think first – Firmly believe that the only thing constant is change, establish an innovative mindset of change to cope with change, and have the courage to embrace change.
2. Raise awareness and unify thinking – It is important to recognize the significance of implementing the project, actively respond and communicate, so that the project team can make accurate judgments and provide better guidance.
3. Make every effort to be accountable for results – The implementation of the project requires the full cooperation of the company’s senior leadership, all units and departments, and every management team should have a high sense of responsibility and mission.
4. Believe in professionalism and take the initiative to learn – Consultants have a wealth of experience in the industry, and are expected to continue learning and applying new methods and skills, as well as realize their career values.
Gu placed high expectations on the project, stating that MOSO Power’s implementation of management reform is needed to respond to market changes, achieve effective governance, and realize the company’s long-term development. “Through management diagnostics and consulting, the reform project will ultimately realize the optimization of the management mechanism, strengthen the standardization of operating procedures, boost the company’s management and economic benefits, and push the company to a new level of high-quality development,” he added.
Before ending his speech, Gu read out the Resolution on the Establishment of Management Reform for MOSO Power Leadership Team and announced the official launch of the project. He hoped the project would achieve the expected results.