Chapter: 764
Azure Group was just a small technology company in the industry. Without Renee�s effort behind the scenes, competitors in the industry would have eaten Azure Group.
Even so, many of these executives disliked Renee. The first on the list was Liam�s third sister, Laura Osborne.
The Osborne family had eight children, and the eldest to the fifth were all girls. Liam was the only boy in the Osborne family and naturally took on the responsibility of carrying on the family�s legacy.
Liam had five elder sisters. His third sister Laura was the strongest and most business-minded. She had been managing the Osborne family business together with Liam.
In the beginning, Liam requested his father for money to set up Azure Group, saying he wanted to break into the field of communication technology. The Osborne family business started in the gray market and revolved around it.
Liam�s family laughed at him for his sudden career change. They thought he set up the company to pick up girls, and the company would collapse sooner and later.
After all, H Group had about seventy to eighty percent market share as the leader in the communication technology industry. How could Liam compete?
Liam�s third sister Laura was the only one supportive of him. She even invested in the company and became the third largest shareholder of Azure Group. As Azure grew, so did Laura�s appetite. She was no longer happy to have someone outside the family with a higher authority above her.
Therefore, when Renee spoke, Laura objected immediately.
�From what Miss Everheart is saying, a huge capital injection is required in opening new R&D and manufacturing sites. It�s too risky and not in line with Azure Group�s current plans. I disagree.�
Four years ago, Renee wanted Azure Group to build its own product development and manufacturing base. At that time, the majority of the top management, including Liam, opposed her proposal.
However, because Renee insisted, Liam finally overcame the objection and secretly diverted a large amount of money from the Osborne family to support her unconditionally. Unfortunately, the production and R&D center was not profitable and lost all the money.
Laura questioned Renee with a stern expression, �The investment for a company to build its own R&D and manufacturing base is enormous. The
Osborne family has depleted much of its financial resources in supporting Azure Group over the years. We�ve only been able to get some relief, and now you propose this. I can�t help but wonder, Miss Everheart, are you trying to lead Azure Group to glory or its end?�
Renee seemed unruffled by Laura�s questions. She responded calmly, �The only way for a technology company to last in the long run and avoid being a middleman dealer is to establish major centers for production as well as research and development. Meanwhile, a normal enterprise generally needs three to five years from inception to profitability��
�Azure Group has been established for four years. Soon, well reach the fifth year. I promise you that this year will be a good year. Everyone here will make a big fortune!�
The management unceremoniously disagreed with Renee�s ambitious words.
�You�re talking big again� Miss Everheart, you�ve been talking big for the past four years. When will we get something real?�
�The industry is declining now. Our competitors are cutting back costs with layoffs and plant closures. Keeping costs low is the most important right now, while you� How could you increase spending to build more production and R&D centers! That�s such a waste of money!�
�I heard that H Group will soon launch the G6 Chip phone. Our market share will decline soon. Our survival is on the line. How could we hope for any profit?!� JrNovels.com
Even so, many of these executives disliked Renee. The first on the list was Liam�s third sister, Laura Osborne.
The Osborne family had eight children, and the eldest to the fifth were all girls. Liam was the only boy in the Osborne family and naturally took on the responsibility of carrying on the family�s legacy.
Liam had five elder sisters. His third sister Laura was the strongest and most business-minded. She had been managing the Osborne family business together with Liam.
In the beginning, Liam requested his father for money to set up Azure Group, saying he wanted to break into the field of communication technology. The Osborne family business started in the gray market and revolved around it.
Liam�s family laughed at him for his sudden career change. They thought he set up the company to pick up girls, and the company would collapse sooner and later.
After all, H Group had about seventy to eighty percent market share as the leader in the communication technology industry. How could Liam compete?
Liam�s third sister Laura was the only one supportive of him. She even invested in the company and became the third largest shareholder of Azure Group. As Azure grew, so did Laura�s appetite. She was no longer happy to have someone outside the family with a higher authority above her.
Therefore, when Renee spoke, Laura objected immediately.
�From what Miss Everheart is saying, a huge capital injection is required in opening new R&D and manufacturing sites. It�s too risky and not in line with Azure Group�s current plans. I disagree.�
Four years ago, Renee wanted Azure Group to build its own product development and manufacturing base. At that time, the majority of the top management, including Liam, opposed her proposal.
However, because Renee insisted, Liam finally overcame the objection and secretly diverted a large amount of money from the Osborne family to support her unconditionally. Unfortunately, the production and R&D center was not profitable and lost all the money.
Laura questioned Renee with a stern expression, �The investment for a company to build its own R&D and manufacturing base is enormous. The
Osborne family has depleted much of its financial resources in supporting Azure Group over the years. We�ve only been able to get some relief, and now you propose this. I can�t help but wonder, Miss Everheart, are you trying to lead Azure Group to glory or its end?�
Renee seemed unruffled by Laura�s questions. She responded calmly, �The only way for a technology company to last in the long run and avoid being a middleman dealer is to establish major centers for production as well as research and development. Meanwhile, a normal enterprise generally needs three to five years from inception to profitability��
�Azure Group has been established for four years. Soon, well reach the fifth year. I promise you that this year will be a good year. Everyone here will make a big fortune!�
The management unceremoniously disagreed with Renee�s ambitious words.
�You�re talking big again� Miss Everheart, you�ve been talking big for the past four years. When will we get something real?�
�The industry is declining now. Our competitors are cutting back costs with layoffs and plant closures. Keeping costs low is the most important right now, while you� How could you increase spending to build more production and R&D centers! That�s such a waste of money!�
�I heard that H Group will soon launch the G6 Chip phone. Our market share will decline soon. Our survival is on the line. How could we hope for any profit?!� JrNovels.com
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