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The Only Invited Chinese Entrepreneur – Why Does Global Peter Drucker Forum Favor Zhang Ruimin?

VIENNA–(BUSINESS WIRE)–With the rapid development of Internet of things, big data, blockchain and other technologies, business rules are being reformulated. On the 21st local time, the 11th Global Peter Drucker Forum was held in Vienna with the theme on “The Power of Ecosystems”. Zhang Ruimin, Chairman of the Board of Directors and CEO of Haier Group, was the only Chinese entrepreneur invited to attend this forum, and also the entrepreneur being invited for four times in five years.

At the beginning of 21st century, when others were building blocks to cope with the impact of the information revolution, Zhang Ruimin set up a borderless platform for enterprises with Rendanheyi model. The concept of “Ecosystem Brand” was put forward for the first time last year. Haier group was listed as the world’s only IoT Ecosystem Brand by BrandZTM, an international authoritative brand equity database. Unlike Google, Amazon and others, which build ecosystem with hardware devices, Haier is building an everlasting ecosystem.

Igniting Ecosystem Brand in Europe

The arrival of ecosystem era brings great changes to industrial environment and users’ demands. On the one hand, the demand for integration is increasing; on the other hand, industry boundaries are increasingly blurred. Therefore, it is necessary to establish ecosystem or be defeated by “cross-borders”.

In the smart home scenario, Haier upgraded traditional home appliances to a networked community, realizing the interconnection between users and the scenario. For example, in the living room, after saying “I’m home”, both curtain and light could be opened and turned on automatically; you don’t need to look around for the remote when you want to watch TV, you can just say “Hello” to Xiao U, and the TV will turn on and turn to the channel you often watch. Through a touch point of home appliances, you can get a whole-set customized smart life experience.

At the same time, Haier also starts empowerment transformation actively in related industries. Through building IoC (Internet of Clothing), IoF (Internet of Food) and other ecosystems, Haier has covered various industries and cooperated with more than 1200 resource providers.

Breaking the Boarder and Reshaping Haier’s Growth

There is a law of “diminishing marginal income” in economics, but Haier has broken the magic spell by paid-by-users. Employees will create values according to users’ demands. Haier attracts cooperation partners by added-value sharing and carries out a new round of added-value creation after gaining the sharing. That’s how Haier builds an everlasting positive growth system.

In the era of Internet of Things, the competition among enterprises will be upgraded to the competition among ecosystems. Both Zhang Ruimin and Peter Drucker realized that, and because of that, Haier has taken the lead in transforming itself into a “self-growing, self-cleaning and self-adaptive ecosystem like a tropical rainforest”. In the near future, such enterprises would spring up like mushrooms.


David Andrew

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Business Wire , 2019-11-21 09:02:24 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock

Nick Chong , 2019-11-10 12:00:38

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