Change Shoes to Jump out

Every success is always tied to many reasons but perhaps, for Corporation 36, it lies in two words "Change shoes."

The State-owned Corporation 36 is well-known for its spectacular comebacks. From an enterprise indebted VND34 billion, Corporation 36 has become an exemplary business of the Ministry of National Defence.

 

It remains little known than before Nguyen Dang Giap was appointed the director, Corporation 36, a State-owned enterprise though, did not receive any preferential mechanism to stop losses, recover production and support business operations. The then mechanism for Corporation 36 was self-rescue to stay alive otherwise go bankrupt.

 

By now, the corporation has secured a high position, gathered strong power and been considered a typical military business. Corporation 36 is treated equal with any other businesses on the market. The corporation establishes business ties with its partners for capacity, quality and prestige rather than mechanism.

 

Before Colonel Nguyen Dang Giap assumed the leadership, the company was moribund on lack of agility, autonomy and creativity in 2003.

 

Perhaps, Corporation 36 of the today class would have never taken shape if there had been no landmark change. And, the change started to be effective when Giap was named the general director.

 

When the restructuring process began, he thought a lot to find out solutions. He knew that finding new projects for its own was the only way to survive, not wait for assignments from superior bodies. His thinking, quite different from most of other State-owned enterprises at that time, was the motivation for Corporation 36 to perform a series of reforms and strategic investment decisions later. Together with finding new projects, mostly hard ones, Corporation 36 was also aware of corporate branding. While most companies slashed investment, Corporation boldly invested VND500 billion to buy modern construction equipment and machinery. Today, the company’s total assets valued hundreds of billions of Vietnamese dong. Then, Giap was also the pioneer to change executive administration and corporate governance, switching to online administration. While it remained much sceptical, he has proven his scientific decisions with online management. Coordination and instruction processes were focused, decisive, timely and accurate.

 

Corporation 36 has done what many others cannot do and dared go on rough way, dared change its thinking and change the way of a State-owned enterprise does.

 

There is a humorous story, saying that two businessmen walk along the edge of the forest after the working time. They talk joyfully until a big bear charges at them. Not soon enough to react, they run with all their capacity. After a while, one man stops and changes his shoes with sports shoes to run. He gradually catches the other but the bear is getting closer behind. The other man said “Why did you change your shoes, we will be caught by the bear sooner or later.” “Right, but what I do is to run faster than you,” he replied.

 

In life, all can face with challenge. But, there is always a chance to go through if we dare change.