Chapter 241 – Scaffolding
Dulmart.
It is a traditional powerhouse in the Korean distribution industry.
‘To the extent that it’s annoying to even talk about it.’
Ordinary people know better.
If you say you go shopping, nine out of ten will not be two marts.
“This, what.”
“President, please explain!”
“If you’re going to invite outsiders, at least professional personnel…”
They themselves don’t really know.
What is the direction that Dulmat should go?
‘Originally like that.’
To human eyes, ants appear to be cooperative animals.
In reality, it’s not like that at all.
Even though they seem to be moving the load together, a few of them are just holding it.
They only pretend to work.
Same here.
There are many parasites in the company that suck only wages.
Especially the fact that there are such guys among the executives.
“Why are you making such a fuss?”
“Chairman, this is a matter of prestige for the company!”
“Prestige?”
“If it becomes known that outsiders are in and out, it can damage the company’s image and credibility.”
It’s an open secret.
They hate being judged for what they do.
‘You’ll notice if you get caught on a honey job.’
What do executives do?
What the general public does not know is, in fact, obvious.
There are no work standards.
If you want to be busy, you can be busy, and if you want to be comfortable, you can be comfortable.
“What the directors say is prestige.”
“That’s right.”
“Chairman, this is an easy matter to decide…”
“Are you talking about a stock price that has gone ⅓ in half a year?”
“”…””
“Or is the position in the industry that is being pushed by Lupine? Is there a director who can clearly answer which one?”
The larger the company, the more so.
The existence of ‘company politics’ is because of executives.
‘Tell me to work for you.’
There is also a class division among executives.
I’m not just talking about managing directors and managing directors.
Networking.
Just as chaebols occupy the position of chairman only by blood, there are executives who are no different.
Have no ability
Doesn’t work out
So, I have lived by depriving new executives of their work performance in exchange for their trust.
“I don’t think there is.”
“President.”
“Do you have anything to say, Vice President Jeon Joo-seong?”
“I understand the president’s feelings, but… I think the director’s concerns are valid. It’s just too sudden.”
This is the rough structure of in-house politics.
For the keuts who do it, a normal job evaluation would be like taking poison.
‘That’s why I have no choice but to be sensitive to outside personnel.’
Will be one of them
It is closest to the head seat where the president is.
A mature man with a benevolent face calms the atmosphere in an instant.
It tells you exactly what position he is in here.
I don’t know, but I’m sure he occupies a significant position among executives.
“Didn’t I explain enough?”
“Yes, that’s why I’m offering you an arbitration proposal. I’d like to hear what the outsider’s point of view is and decide if it’s acceptable. In an informal way.”
Executives sitting at the table.
A nod of the head gathers public opinion.
What he’s talking about
Those who have done some in-house politics can figure it out right away.
‘You mean you want to give a thumbs up.’
There is an easy way to see everything in the world.
It is to put a lesson on what others are doing.
─Convenience store Saet Byul, thank you for the 10 star balloons!
No, why not blink?
〈 It’s flying from the bush, but how do you react to blinking! Even a fucker can’t do this.〉
−Hunsu from the celadon haha
−If you feel uncomfortable, change your posture and sit down.
−They say it’s okay if Challenger can’t do it
−Fact) In his heyday, he would have been faster
It’s a common thing in Internet broadcasting.
He is serious about the trivial mistakes of others, even though he can’t do it himself.
That’s what happens in the corporate world too.
This is why in-house politics are inevitably scary.
Percussion!
Such a difficulty.
I couldn’t have come without thinking.
We are fully aware of the fact that it is an enemy camp.
“Do you know what this is?”
“Haha!”
“Hey. This is the board of Dulmart. Do you know where the small business is?”
“Do you know what it means?”
“”?!””
Like a large company, a large TV with high quality is prepared instead of a screen.
Refers to the material prepared.
———————————————+
『Dulmart』
KRW 211,500 ▼ KRW 112,000 (-34.63%)
[Graph that has been plummeting for the past half year.Jpg]
+———————————————
The recent stock price of Dulmart.
Executives are not bright as they have already been beaten up for it.
“Curham!”
“Kuhm!”
“It’s been a bit unstable lately… But in the long run, it’s a problem level.”
“So that’s the problem.”
The market cap has evaporated by nearly 3 trillion won.
You may think that the bubble of the bull market has burst.
‘The chart has the answer.’
Chart filling.
Drawing a line and arguing about the direction of the stock price is to look down on investment.
However, it is meaningful as a reference indicator.
Especially when analyzing the past, accuracy is high.
“Even if the chart is broken, it depends on whether it is broken by impulse or corrective, but Dulmart is broken by impulse.”
“What does that mean?”
“This is not the place where the IR department gathers!”
“The simple explanation is that the market is devaluing this company.”
Impulse is a wave that breaks into 5 waves.
A 3-wave break is corrective.
It refers to how many times it moved up and down in the same period.
‘The latter means there is room for a rebound.’
Every time the stock price goes down, there is a buying power.
Why?
Because this company is good.
On the contrary, if there is no low-cost buying power, go gently! Go down
Slowly while lowering the support line.
“That’s what the charts show. Breaking down to par 5 is a really bad sign.”
“Symptom?”
“You know what kind of exorcism is going on here!”
“If I knew that well, I would have made a lot of money with stocks haha!”
” Haha!!””
“I’ve already earned it.”
“”…””
Predicting the future with charts is foolish.
However, the fact that the past is visible should not be overlooked.
‘It’s not just looking at charts.’
The current situation of Dumart.
Executives should know better.
The atmosphere has changed 180 degrees from a year ago.
“Did the IR department hedge put options? Does anyone know?”
“There was some hedging.”
“Now?”
“Now…?”
“If you take the current crisis lightly, I think there will be more than half of the people who will resign in a year.”
There’s a competitor
They are gnawing away at market share by touting an advantage they do not have.
‘Companies that lead the market are bound to have a premium on their stock prices.’
The second-class company has a lower share price compared to operating profit!
There are people who buy with that thought in mind.
This is because they do not know the valuation criteria of the stock market.
1st and 2nd place are not on the same line.
“No one remembers second place.” – Petit Geonhee
Just like the words of the world’s best second-class company chairman.
Receive a premium on the share price.
That premium is running out.
I don’t think Dulmart will lead the market.
Male voice
How serious the current situation is.
I didn’t know about the board of directors who only received wages in high places.
‘No, he probably didn’t want to know.’
It is human nature to want to look away from a crisis.
It is also not clear from the immediate indicators.
Procrastinate and procrastinate
When it’s time to take responsibility, it’s company politics to choose the right person and cut the tail.
“Hmm! Hmm!”
Chairman Kang Moo-yeol is also paying attention.
But a company is really huge.
What’s happening inside.
Even the president can’t know everything.
‘That’s why there are executives.’
Receive a report
The contents of the report are inevitably mixed with the personal opinions of the writer.
Reduced reporting.
Blur the point.
If there is an error in the data, the president will also make a misjudgment.
“It seems to make sense why I brought him here today.”
“President.”
“This person still doesn’t know about the company. It’s something that our IR department can fully respond to…”
“I heard that sound 2 months ago. Is there any improvement from then?”
“”…””
Incompetent executives.
It’s not that I don’t want to cut those who live on company politics as a company.
‘Like a cancer cell.’
I want to kill you first.
However, over time, there is no other way but to live together.
To make it impossible to cut.
By the time you notice, it has already spread like terminal cancer.
“Are there any alternatives?”
“It’s not like we didn’t figure it out on the ground. But it takes time to see results.”
“The limited budget is also a hindrance for some.”
Public opinion of sympathy rises around the young board of directors.
I wasn’t aware of the problem.
‘Because they are cut off.’
There is just no way to solve it.
It is a structure in which young and talented people are sacrificed for the survival of old people.
Office politics is extremely inefficient.
This is a phenomenon that is completely incomprehensible from an investor’s point of view.
“It’s not comfortable from the listener’s point of view.”
“It’s true that our company has faced minor difficulties… But isn’t it something outsiders should talk about?”
Because of that inefficiency, they get high salaries.
The old board members are trying to divert public opinion somehow.
It is easy to smoke.
Trying to make life easier
It teaches them the reality.
“Lupin is attracting attention as online delivery has been buzzing lately. If we also focus on online platforms, it will only take time to regain market share.”
“You’re right.”
“I agree.”
That you are old
It wasn’t that Dulmatt wasn’t idle either.
It was predicted 10 years ago that online would become mainstream.
‘Even before Lupine, there was an Auction and 22nd Street.’
Everyone knew
Nevertheless, it is a surprisingly insignificant reason to give up the leading position to the start-up company Lupine.
“How long is that time?”
“Hmm… I think you can expect results in about a year, Chairman.”
“I can do it in a month.”
“What, what?!”
You don’t know it at all.
Not one year, but even if that time passes, you won’t be able to achieve results.
‘But by then I’ll have more than enough excuses or two.’
How old executives parasitize.
If you put off responsibility and put it off, if it doesn’t work, you make a scapegoat and cover it.
He gnaws at the company for his own comfort.
I’d rather give them billions and waste it.
“I’ll double the share of the Dulmart app within a month. No, triple it.”
“…You’ll have to take responsibility for those words.”
It reminds me that it is better to give.
They fundamentally misunderstand the reason why Lupine is so popular.
‘I’m seriously mistaken about innovation.’
If an innovation is complex, the public will not choose it.
