The love of the boss

Chapter 92 New Challenges and Breakthrough Opportunities

As the company actively plans for the future, Lin Xiao and Su Yao face a series of new challenges, while also discovering breakthrough opportunities hidden in difficult situations.

"Su Yao, the market competition has become increasingly fierce recently. Our competitors have launched similar innovative services one after another, and our advantages are gradually shrinking." Lin Xiao said worriedly while sitting in the office.

Su Yao frowned and responded: "This is indeed a tricky problem. We have to find a way to further enhance our core competitiveness."

At this time, the company's technological research and development encountered a bottleneck, and the development progress of the new generation of intelligent educational tourism platform originally planned to be launched was hindered.

"Lin Xiao, the technical team has encountered difficulties with the key algorithm, which is difficult to solve in a short period of time. This may cause the platform to be launched later." The technical director said anxiously.

Lin Xiao is well aware of the urgency of time: "No matter what, we must try every possible way to overcome this problem. If necessary, we can seek help from external experts."

However, in the process of seeking external cooperation, they found that suitable experts were scarce and the cooperation conditions were harsh.

"Su Yao, these experts either ask for exorbitant prices or are not very interested in our project. What should we do?" Lin Xiao felt very troubled.

After thinking for a moment, Su Yao said, "Then why don't we change our thinking and cooperate with universities or research institutions to carry out research together."

After some efforts, the company successfully established a cooperative relationship with a well-known university and solved the technical problems, but new problems followed.

Due to the intensified market competition, the company's market share has been squeezed and customer churn has become serious.

"Lin Xiao, we must come up with an effective marketing strategy as soon as possible to regain customers' attention." said the marketing manager.

Lin Xiao decided to personally lead the team to conduct market research and gain a deeper understanding of changes in customer needs.

In their research, they found that customers have a growing demand for personalized services and immersive experiences.

"Su Yao, this may be our breakthrough opportunity. We can create new products and services around these two points." Lin Xiao said excitedly.

As a result, the company quickly adjusted its business direction, launched a series of personalized educational travel packages, and combined virtual reality technology to create an immersive travel experience.

However, the promotion of new products and services requires a large amount of capital investment, and the company's financial situation is under pressure.

"Lin Xiao, our budget is already very tight. If we increase our investment further, there may be problems with our capital chain." The financial director said worriedly.

Su Yao suggested: "Then we can consider introducing strategic investors or launching some crowdfunding activities."

In the process of looking for investors, the company encountered many questions and rejections.

"Lin Xiao, these investors are cautious about our new project and think the risk is too high." The investment manager said helplessly.

Lin Xiao encouraged everyone: "Don't be discouraged. As long as we firmly believe that our projects have prospects, we will always find like-minded investors."

After unremitting efforts, a large investment institution finally showed interest in the company's new project.

"Su Yao, this cooperation opportunity is hard-won. We must seize it and make the company achieve a breakthrough." Lin Xiao said.

During the negotiations with the investment institutions, the two sides had differences on equity distribution and future development plans.

"Lin Xiao, the conditions they proposed have a great impact on our control, and we cannot give in easily." Su Yao said.

Lin Xiao calmly analyzed: "Then we need to come up with sufficient reasons and data to let them see our value and potential."

After several rounds of difficult negotiations, the two parties finally reached a cooperation agreement and the company obtained the much-needed financial support.

With the successful promotion of new products and services, the company gradually won back market share and significantly improved customer satisfaction.

"Su Yao, this crisis has made us stronger and also helped us find a new direction for development." Lin Xiao said with emotion.

Su Yao smiled and said, "Yes, as long as we don't give up, we can always find opportunities in challenges."

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