Baidu

Strategic Concepts & Mechanics

Signature MovePermanent Crisis Mindset

Signature MoveTrust-Based Team Building Through Adversity

Identity & CultureLeading by Example as Only Standard

Relationship LeverageTeam Quality Reflects CEO Level

Strategic PatternThree Highs Three Lows Strategy

Operating PrincipleCEO Non-Delegable Vision Design

Operating PrincipleRapid Learning Over Experience

Cornerstone MoveAmerican Internet Trend Transplantation

Decision FrameworkFailure as Sequential Bread Building

Signature MoveObserver Role While Team Executes

Signature MoveContract Spirit as Team Foundation

Primary Evidence

"If BAT (Baidu, Alibaba, Tencent) directly entered group buying and went to war with Meituan, this is Meituan’s strong suit and they are not afraid. The fear is competitors entering from outside group buying. Crises always lurk where unseen, and you can’t predict where the competitor will strike from. Wang Xing and Meituan can only work harder and move faster."

Source:Nine Failures and One Victory: Wang Xing, Founder of Meituan, Has Been in Business for Ten Years

"They recruited employees and formed teams in various cities, sought offline life service (catering, KTV, movies, etc.) merchant collaborations, offering discounted prices to internet users, who then paid online and consumed offline. Group buying was the hottest entrepreneurial field over the past three years, with up to 5000 group buying sites at its peak. By 2014, most group buying sites had closed, with the remainder either struggling or acquired or invested in by Baidu and Tencent. Only Meituan continued to thrive, dominating the field. In 2013, Meituan’s transaction volume was 16 billion yuan, occupying over 50% of the market share."

Source:Nine Failures and One Victory: Wang Xing, Founder of Meituan, Has Been in Business for Ten Years

Appears In Volumes

Nine Failures and One Victory: Wang Xing, Founder of Meituan, Has Been in Business for Ten Years