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Yu Minhong, as a well-known figure in the education industry, has experienced many ups and downs in the development of New Oriental. Once upon a time, New Oriental occupied a place in the market with its traditional education and training business. However, with the changes of the times, the pattern of the education industry has undergone tremendous changes. Especially inCross-border e-commerceAmid the rapid rise, New Oriental faces new challenges and opportunities.
Cross-border e-commerceThe rise of has changed consumers' shopping habits and the competitive landscape of the market. Many companies have joined in, trying to get a piece of the pie. Against this backdrop, New Oriental has also begun to try to transform itself. As an important attempt at its transformation, Oriental Selection has initially attracted much attention. Yu Minhong may hope that through this platform, he can both meet the needs of traditional education fans and attract new e-commerce consumers. However, the reality did not match his wishes. In his efforts to please fans on both sides, he failed to strike a balance.
From the perspective of investors, they had high hopes for New Oriental's transformation. However, Yu Minhong's strategic mistakes led to performance that failed to meet expectations, which dealt a blow to investor confidence.Cross-border e-commerceIn this highly competitive field, wrong decisions often have serious consequences.
Some people call Yu Minhong a "stingy person", perhaps a criticism of him being too cautious or stingy in some decisions.Cross-border e-commerceIn a field that requires bold investment and innovation, an overly conservative strategy may limit the development of the company.
Yu Minhong's experience has also brought profound inspiration to other companies and individuals. First, in the process of transformation, we must fully understand the characteristics and laws of the new field and formulate practical strategies. We cannot blindly cater to the market and ignore our own advantages and core competitiveness. Secondly, we must be good at balancing the interests of all parties, especially when facing different types of fans and customers, we must accurately position and serve them to avoid losing one thing while focusing on another. Furthermore, we must maintain keen market insight and innovative spirit, and adjust strategies in a timely manner to adapt to the rapidly changing market environment.
In short, Yu MinhongCross-border e-commerceAlthough the attempts in this field have encountered setbacks, they have also provided us with valuable lessons. In this era full of opportunities and challenges, we all need to continue to learn and improve in order to gain a foothold in the wave of the market.
