In 2021, after New Oriental lost 200 billion, many people persuaded Yu Minhong:"Cash in and leave, you're still a billionaire! "Unexpectedly, Yu Minhong's eyes turned red and he said something that made people embarrassed.
In 2021, China's education sector experienced an unprecedented storm. with"Double minus"The implementation of the policy has caused a huge impact on many educational institutions, among which the former education giant New Oriental has not been spared.
In a short period of time, New Oriental's market value has evaporated by a staggering 200 billion yuan, countless campuses have been forced to close, and more than 40,000 employees have lost their jobs.
New Oriental, once known for providing high-quality education services, became one of the most miserable enterprises in the country for a time.
Yu Minhong, the founder of New Oriental, is also under tremendous pressure at this moment. Many advised him:"Cash in and leave, you're still a billionaire! "However, Yu Minhong firmly refused.
He said:"If I quit, what about the tens of thousands of employees who have been following me all these years? Their livelihoods are equally important, and I must not turn a blind eye. "This sentence moved countless people, and also made Yu Minhong's image even taller.
In this difficult time, Yu Minhong showed an extraordinary sense of social responsibility, and he decided to donate all the 80,000 sets of desks and chairs that were idle at New Oriental to schools in remote rural areas to help children who were eager for knowledge but lacked resources.
At the same time, he also took the initiative to provide full refunds to all customers, and paid all wages and related compensation to the laid-off employees, which won wide acclaim from the society.
However, Yu Minhong did not stop there, in order to find a new direction of development, he began to try online live streaming to sell agricultural products. This seemingly unrelated field has become the key to Yu Minhong's transformation and survival of New Oriental.
Although this innovative measure was questioned at first, and even New Oriental's live broadcast account was banned, Yu Minhong was not discouraged, he continued to adjust his strategy, and finally won the recognition and support of the live broadcast platform.
Yu Minhong's tenacity and wisdom have not only won the respect of the society, but also brought new development opportunities to New Oriental.
His story tells us that in the face of changes and crises, a responsible entrepreneur will not choose to escape and maximize profits.
Instead, he prioritizes the interests of employees, customers and society, proving that entrepreneurship is a sense of responsibility and responsibility to society.
Yu Minhong's experience has also brought us many inspirations, first of all, in the face of difficulties and setbacks, we must maintain confidence and courage, just like Yu Minhong, no matter how many failures and blows he encountered, he did not give up his dreams and pursuits.
He firmly believes that as long as he puts in the effort, he will be rewarded, and this belief has supported him through one difficulty after another.
Secondly, we must have the spirit of innovation and the courage to try, Yu Minhong did not choose to stick to the traditional model when faced with difficulties, but bravely tried a new direction of development.
It is this spirit of daring to try that allows him to find new opportunities and development space.
Finally, we must always keep in mind social responsibility and responsibility, Yu Minhong first considers the interests of employees, customers and society when facing difficulties, and this spirit of responsibility is worth learning and inheriting.
As an entrepreneur or an ordinary person, we should always pay attention to the development and changes of society and contribute to society with our own strength.
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