Joseph Schumpeter arrived in Toronto.
Walker and Bruce Currie personally welcod Joseph Schumpeter, a white man in his fifties, at the port.
The three went to the hotel and headed straight to Donnie’s room.
"Mr. Schumpeter, welco!"
Donnie offered his hug.
Joseph Schumpeter laughed heartily and said, "Mr. Block, thank you for the invitation this ti. Rest assured, if Rimai Bank cannot beco the best bank in Canada with the support of Venus Bank, I won’t be able to face you!"
Accepting Donnie Block’s invitation this ti was an opportunity for Joseph Schumpeter to prove himself.
Although Joseph Schumpeter is now a renowned economist across Arica, he has proposed many theories impacting world economic developnt.
But the experience with Peterman Bank still subjects Joseph Schumpeter to skepticism.
Many people, when doubting him, have used the past collapse of Peterman Bank as a point of argunt.
Ironically, Joseph Schumpeter could never explain it, couldn’t exactly say his teammates were all hopeless, right?
In such a manner, other banks would be even less likely to invite him.
Now it was better, Donnie Block personally called him, inviting him to beco the president of Rimai Bank.
Clarifying on the phone, that he would be given absolute authority.
This made Joseph Schumpeter realize that the opportunity to prove himself through actual cases had arrived.
Thus, even if the workplace was in Canada, Joseph Schumpeter agreed without hesitation.
Donnie invited Joseph Schumpeter to sit, saying with a smile, "Mr. Schumpeter, I never thought our collaboration would fail!"
Joseph Schumpeter was montarily startled, then laughed heartily, "Indeed, we will not fail!"
After a round of pleasantries, they started talking business.
Joseph Schumpeter also beca serious and attentive.
"Mr. Block, I’ve read the acquisition plan you’ve laid out for Rimai Bank.
I personally very much agree with this plan, but simultaneously, I also have so personal thoughts, these are conclusions I arrived at after studying Canada’s financial environnt."
Donnie nodded, saying with a smile, "Please go ahead, Mr. Schumpeter!"
Joseph Schumpeter earnestly stated, "I understand, Mr. Block, your idea is to expand Rimai Bank’s scale by acquiring enough small and dium-sized banks.
Using acquisitions to rapidly develop Rimai Bank.
For a newly established yet potent bank, this is indeed the best approach.
However, only doing this would rely make Rimai Bank appear to be a massive bank, but in fact, once these banks are acquired by Rimai Bank,
it would transform into an unwieldy, sluggish, and personnel-laden bank.
Moreover, the banks acquired, due to different internal rules and personnel across each bank, would quickly form interest groups founded on the basis of each original bank, under such circumstances,
it would certainly greatly reduce Rimai Bank’s operational efficiency.
Secondly, just small and dium-sized banks aren’t sufficient to make Rimai Bank one of Canada’s largest banks.
After all, real core businesses are in the hands of those large banks, so besides acquiring small and dium-sized banks, we should also target one or two super banks in Canada.
Only by acquiring them can we truly establish Rimai Bank’s standing in Gana."
Donnie wasn’t angry at the suggestions Joseph Schumpeter made; he simply smiled and said.
"Then let’s solve one issue at a ti; firstly, how do you plan to address the many issues brought by overly acquiring those small and dium-sized banks?"
Joseph Schumpeter replied, "The first step is streamlining.
Many of the businesses among these small and dium-sized banks are repetitive, at that ti we absolutely don’t need this, so departnts and branches can be streamlined away.
Secondly, there’s integration; we shouldn’t waste any resources, integrate departnts capable of collaboration, yet simultaneously, there’s no need for too many employees.
What we are doing is intellectual labor, not physical labor, too many workers will not only increase the company’s operating costs but also make them lazy.
Next is breaking up; irrespective of whether the newly acquired banks are dium or small-sized, absolutely do not let their managent stay in their banks, except those handling core business, but for such personnel, we also need more stringent monitoring.
Lastly, insert more newcors, to stimulate the original personnel, also establish a standardized promotion system, so that those in managent do not think, now they are managent, they will always remain managent.
Only by showing the employees hope for promotion can they truly work hard for us!"
Bruce Currie couldn’t resist asking after hearing this, "If according to what you say, the upper-level will surely suppress the middle and lower levels, then trying to rise won’t be easy!"
Joseph Schumpeter chuckled easily and said, "Mr. Currie, the workplace is like a battlefield; if they cannot break through the high-level suppression, then it indicates their abilities aren’t sufficient for us to invest too many resources in them.
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