Since Yutong Bus Company implemented the MBO policy under Tang Yuxiang's leadership, its performance and sales have continued to soar, firmly holding the top position in the bus industry. The results of Yutong Auto's MBO reform are also quite prominent, with growth rates in main business revenue, net profit, and total assets unmatched in the industry. The smooth realization of Yutong Bus Company's MBO reform and equity incentives has enabled a subtle balance between the short-term interests of core employees and the company's long-term development.
The height of a boss usually determines the height of an enterprise. When we interpret Yutong, we cannot help but get to know Tang Yuxiang. Tang Yuxiang is the key figure who single-handedly developed Yutong into a major player on the international stage. In the industry, people often refer to this Jiangsu Yixing native as the "Godfather" of Yutong. Competitors evaluate him as having forward-looking judgment, acting decisively, and being fast, ruthless, and precise in his moves.
However, Tang Yuxiang is more of a believer in market economics. He has a global perspective, advanced strategic vision, and forward-thinking ideas. He not only advocates for technology-driven success but also promotes marketing deeply aligned with the market. Revolutionarily, he expanded "car sales" to "providing customers with profitable solutions." He even makes international competitors feel "extremely panicked." He leads Asia's largest bus manufacturing enterprise but remains low-profile to the point of being "mysterious." He often locks himself in his office, facing piles of documents and stacks of newspapers. He sets his life as an "absolute禁区" (off-limits area), not allowing any prying eyes or media attention. "Writing about the company is fine, but writing about me is not," he almost stubbornly refuses all media coverage of himself. He insists on separating himself from the company.
He strives to manage the enterprise through systems and minimizes the impact of his personal traits on the company's development. He deliberately downplays himself, often using the motto "It's better to do too much than say too much" to motivate himself. As a result, due to his "deliberate" actions, he stands out even more, and his original intentions have been misinterpreted. He is rumored to be a "resolute person" and a "despotic person." His independent personality somewhat diminishes the courage and wisdom he displays in managing the company, and what people remember most is his personality. Being strong-willed seems to have become the most representative image word for Tang Yuxiang.
However, as the saying goes, "Those who understand me know my worries; those who don't know me wonder what I seek." As my research on Yutong deepens, I begin to understand Tang Yuxiang. He brought Yutong Bus from just another car manufacturer to Asia's largest bus production company relying on technological innovation, management innovation, and sales innovation—not entirely on his personality.
Tang Yuxiang's "toughness" and "ruthlessness" have given Yutong super-strong execution capabilities. Therefore, Yutong Bus has the highest efficiency in the global bus industry. From customer orders to delivery, Yutong can complete it in as fast as 8 days, while domestic counterparts typically take around a month, and foreign manufacturers generally require over three months.
Industry evaluations state: Yutong never lacks courage and ambition. Acting quickly, adapting to changes, and prudent operation are at the core of Tang Yuxiang's market strategy. His extremely strong willpower makes him act with sharpness, clarity, and sophistication. In the process of Yutong's restructuring and system reconstruction, Tang Yuxiang's style is very prominent.