Lei Jun opens the cultural and value inheritance behind Xiaomi’s partnership system

On the first Sunday after Xiaomi’s 10th anniversary speech, as well as the 9th anniversary of Xiaomi’s mobile phone and the 10th anniversary of MIUI, Lei Jun once again announced Xiaomi’s big event: Xiaomi will implement the partnership system and the new ten-year entrepreneur plan. < p > < p > after putting forward the slogan of “re starting a business” in the next decade, Lei Jun needs to consolidate its organizational system, talents and values. At today’s internal meeting, Wang Xiang, Zhou Shouzi, Zhang Feng and Lu Weibing became the new partners of Xiaomi. < p > < p > witnessed by the five founding partners of Xiaomi, four new partners took the oath of office. The oath includes “fulfilling Xiaomi’s mission and defending Xiaomi’s values”. < / P > < p > in the early stage of Xiaomi’s start-up, there were eight co founders, and this co-founder team contributed a lot to Xiaomi’s early development. In the tenth year of Xiaomi’s establishment, three co founders have retired. Today’s Xiaomi decision makers also need fresh blood. < p > < p > Lei Jun pointed out in the internal letter that Xiaomi’s re entrepreneurship in the next decade requires a strong team and a steady stream of outstanding talents. With a sense of ownership, Xiaomi’s engineer culture, values, and Internet methodology of “focus, perfection, reputation, and speed” can be passed down and carried forward. < / P > < p > on this basis, Xiaomi expanded the partnership team this time, adding four senior executives, Wang Xiang, Zhou Shouzi, Zhang Feng and Lu Weibing, to become Xiaomi’s new partners. Wang Xiang joined Xiaomi in July 2015. When he was in charge of Xiaomi’s international business, Xiaomi became the first in Indian market in a short period of time, and at the same time, he accelerated the pace of development in a number of overseas markets. Wang Xiang currently serves as the president of the group; < / P > < p > Zhou Shouzi joined Xiaomi in July 2015. During his tenure as CFO, he promoted Xiaomi’s successful listing and became the first Hong Kong stock company with different rights. At present, Zhou Shouzi serves as senior vice president and President of international department. < / P > < p > Zhang Feng joined Xiaomi in September 2016. He was appointed to promote the upgrading of millet supply chain management. At present, he is the vice president, chief of staff and chairman of the Procurement Committee. < / P > < p > Lu Weibing joined Xiaomi in January 2019 to participate in the independent trading of redmi brand, supporting the growth of Xiaomi mobile phone business. At present, he is vice president, President of China and general manager of redmi brand. From the resume of these four people, they all made great achievements in Xiaomi. On the one hand, it is an incentive, on the other hand, it is also to establish the entrepreneurial mechanism and culture at the management level. When the internal letter was sent, the four new partners were also officially sworn in. With the five founding partners Lei Jun, Lin bin, Hong Feng, Wang Chuan and Liu De still on the job, Xiaomi’s partner team has been expanded to nine. < p > < p > Lei Jun pointed out that Xiaomi’s partner system is the collective decision-making mechanism of the group’s core issues, and also the inheritance mechanism of Xiaomi’s cultural values and Internet methodology. The addition of new partners will enhance Xiaomi’s strategic traction and action durability in the next decade, and provide core management guarantee for Xiaomi’s new journey. According to Lei Jun, in addition to the partnership system, Xiaomi’s new decade entrepreneur plan has also been launched. According to the plan announced in his internal letter, Xiaomi will select 100 young cadres who agree with Xiaomi’s mission, vision and values, have the ability and potential, and have outstanding military achievements in the core positions, give rewards to the early entrepreneurs, and encourage them to strive with entrepreneurial mentality and dedication. According to an insider close to Xiaomi to Sina Technology, the plan is mainly aimed at young backbones and may give a return of 100-200 million in the next decade. < / P > < p > in fact, Xiaomi has introduced a large number of industry executives from outside in the past two years, and these airborne executives have brought fresh blood to the growth of Xiaomi; however, the incentive and promotion channel of internal employees can not be ignored. < p > < p > previously, Lei Jun said that for talents, Millet’s internal promotion was more than 80%, supplemented by external introduction. Since the listing, while introducing a number of executives from outside, Xiaomi has also promoted three vice presidents, Yan Kesheng, Cui Baoqiu and Gao Ziguang, as well as more than 30 general managers of business units and general managers of functional departments. < p > < p > if the partnership system is the entrepreneurial incentive and cultural heritage of the decision-making level, then the entrepreneur plan is the entrepreneurial incentive and cultural heritage of the grass-roots and middle-level managers. “One man may go fast, and a group may go far. To continuously explore, introduce and cultivate talents, and to establish a talent echelon with ability, ambition, momentum and responsibility is the foundation for the sustainable development of our cause. Xiaomi will continue to provide sufficient space and rich returns for talents at all levels, so that every colleague can make great efforts. ” Lei Jun said. In addition to the system and mechanism, Lei Jun also emphasized “values” again. Whether it’s a partner or an entrepreneur plan, Lei Jun’s selection criteria first identify with Xiaomi’s mission and values. In his previous 10th anniversary speech, Lei Jun proposed that Xiaomi should adhere to the “three iron laws” in the next decade: technology-based, cost-effective and the coolest products. In this letter, Lei Jun also reiterated that the “three iron laws” will never be changed. < / P > < p > after listing and becoming one of the world’s top 500 companies, facing the next decade, can Xiaomi’s organization and talent layout support the new growth in the future, and at the same time, inherit Xiaomi’s culture and values. It’s Xiaomi and Lei Jun, the next report card to hand in.