Why did Zhang Yiming quit ByteDance
On May 20, 2021, Zhang Yiming issued an all-staff letter, announcing his resignation as CEO of ByteDance. This makes one wonder what made the young founder decide to leave the company he had founded
First of all, we can analyze it from Zhang Yiming's personal development concept. Zhang Yiming has always adhered to the "delayed gratification", that is, not to pursue short-term pleasure, but to value long-term development and achievement. This concept has been fully embodied in the entrepreneurial process of ByteDance. However, with the rapid development of the company, some short-term earnings and growth have become the focus of shareholders' attention, which is in conflict with Zhang Yiming's philosophy. Therefore, he chose to quit ByteDance to avoid his philosophy from contradicting the company's development.
Secondly, we can analyze it from the organizational structure of ByteDance. As the company continued to expand, ByteDance's organizational structure gradually became large and complex. In this case, Zhang Yiming, as the CEO, needs to spend a lot of time and energy to deal with daily affairs, and cannot focus on the long-term development of the company. In addition, due to the limitations of the organizational structure, some innovations and changes cannot be effectively implemented. Therefore, Zhang Yiming chose to withdraw from ByteDance to avoid these factors having a negative impact on the company's development.
In addition, we can also analyze it from the perspective of market competition. With the popularization of mobile Internet and the continuous development of technology, market competition is becoming more and more fierce. As a technology-focused company, ByteDance needs to continuously invest in R&D and innovation to stay ahead of the curve. However, due to the intensification of market competition, ByteDance is facing pressure and challenges from all sides, which makes the company's future development full of uncertainty. As a result, Zhang Yiming opted out of ByteDance to avoid the company getting into trouble.
Finally, we can analyze it from the perspective of personal pursuits. Zhang Yiming is an entrepreneur full of passion and pursuit, he has always adhered to the concept of "delayed gratification", and constantly pursues new achievements and breakthroughs. With the success of ByteDance, Zhang Yiming has achieved a great goal - to build a global Internet company. However, this did not satisfy his quest. As a result, he opted out of ByteDance in search of new challenges and opportunities.
To sum up, there are many reasons why Zhang Yiming quit ByteDance. With this decision, he hopes to avoid conflicts between his philosophy and the company's development, focus on the company's long-term development, drive the company's innovation and change, avoid the company from falling into difficulties, and pursue new challenges and opportunities. Although this decision is of great significance to ByteDance and the entire Internet industry, Zhang Yiming believes that it is a necessary step on his personal development path.