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Haier CEO wins award for management science

(chinadaily.com.cn) | 2020-09-28

Zhang Ruimin, CEO of Haier Group, was awarded the 7th China Management Science Special Award of Merit during the 2020 China Management Science Conference held in Beijing on Sept 27.

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Zhang Ruimin, CEO of Haier Group, wins the 7th China Management Science Special Award of Merit on Sept 27. [Photo/WeChat account: qdfbwx]

Zhang is the first entrepreneur to receive the award, which is the highest honor in the Chinese management science award system.

Zhang is known for his work in turning a little-known, bankrupt refrigerator manufacturer into the world's fourth-largest white appliances company. His innovative management philosophy blends the essence of traditional Chinese culture with modern western business concepts.

Zhang has developed his own management ideology: "rendanheyi". By dividing a company up into micro-enterprises on an open platform and dismantling the traditional "empire" system of management, "rendanheyi" creates "zero distance" between employees and the needs of the customer, and encourages innovation, flexibility and risk-taking.

Under Zhang's leadership, Haier has used the internet to transform the once traditional industries.

COSMOPlat, an industrial internet platform developed by Haier, also won the Management Science Practice Award at the conference, which was held by the China Management Science Society.