Vol. 1 - Ch. 11 - Cost-effectiveness and Emotional Value
From Descent to Ascendancy: The CEO Who Does His Job Too Well
âAh, well. You say itâs fine? Youâre really making me feel bad.âRegardless of what Team Leader Park Choong-In said, Seo Tae-Min, who was quick-witted, quickly picked up the remote control and turned on the vacuum cleaner.
âCleaning is starting.â Along with the awkward mechanical sound, the robot vacuum cleaner started moving across the meeting room floor.
Woo woo wooong~
As soon as the vacuum cleaner turned on, everyone in the meeting room frowned at the deafening noise. Actually, it could not just be called noise, but rather, a racket. It was significantly louder than the 1800W German vacuum cleaner that had been broadcasted recently.
âIs this going to work for a live broadcast? It doesnât look like thereâs a silencer on itâ¦â
âMr. Min, please give me a moment. My, you went a bit overboard there.â
âOverboard? Itâs the vacuum noise thatâs overboard. Donât you find this too noisy right now, huh? Do only I find it loud?â
The meeting room fell silent. No one made a sound. The robot vacuum cleaner started cleaning here and there on its own without a sense of tact. It was making strange noises, darting around here and there, doing its job. Its skill of avoiding obstacles was quite good. Although it did not do a perfect job, it somehow managed to suck up the coffee beans.
Everyone in the conference room held their breath and watched only the robot vacuum cleaner.
Jae-Yoon, who had been watching quietly, untied his arms and spoke up, âThe cleaning skills are so-so, and itâs loud. Its only advantage seems to be the price.â
Jae-Yoon brushed where the vacuum cleaner had passed with his foot. Sticky lumps of sugar clung to the bottom of his expensive shoes.
âThereâs a reason for everything being just worth its price. Noise? I admit it. Performance? Of course, it canât make a room sterile. Who else could bring such a robot vacuum cleaner at this price? Anyway, the performance of Chinese vacuum cleaners is more or less the same. Besides, itâs meant for home use, not office tile floors. You must acknowledge what needs to be acknowledgedâ¦â
Team Leader Park looked at Jae-Yoon with his lips pursed.
Jae-Yoon also knew that unless new technologies such as automatic filter cleaning or automatic mop washing were introduced, the performance of most robot vacuum cleaners were very similar. Moreover, most of these low-priced robot vacuum cleaners came from the same factory. It was a method of selling by attaching only the brand by supplying it in an OEM manner from several factories in China.
The manufacturer had already confirmed it. It was a product made in a Chinese factory that wasnât particularly large or small. That meant that it was exactly as expensive as it was.
âYou have to compromise on one of the two?â
âCEO, now youâre talking. How can we compare it to domestic corporate products at this price? The target itself was different in the first place. Besides, in these recessionary times, all we have to do is provide satisfaction with the purchase of popular home appliances for a small amount of money. That kind of satisfaction canât be bought with money.â
At Team Leader Parkâs words of cost-effectiveness, Jae-Yoon asked with a confident smile, âYou do know that aiming for a billion or two in sales, even during golden hours, is unrealistic, right?â
âIt will be a good choice for consumers who want the product at a good price. If there are customers who are considering purchasing for less than 200,000 won, they may be tempted.â
âBut Mr. Park, have you ever thought that customers would prefer proper domestic products?â
âThatâs an ambiguous product. Donât worry, weâve been preparing for this since 10 p.m. on Saturday night. The team members have also worked very hard.â
From 8 p.m. to 11 p.m. was a time commonly referred to as golden hours. One had to catch the attention of consumers during the short time when popular dramas and entertainment programs ended, and consumers changed channels. In particular, Saturday night was a time when people of all ages took a break and watched TV. That meant that it would capture not only housewives, but people of all ages.
âThe price is reasonable, so itâs worth a try, but I have a slightly different opinion. Even in a different time slot, capturing customersâ hearts with one solid product would bring more advantageous results in the long run.â
âA different time slot, you say?â sá´aÊá´h thá´ N0vá´lFirá´.É´et website on Gøøglá´ to access chapters of nøvels early and in the highest quality.
âHow about in the morning?â
In the morning was also an unmissable good time. It was a time when homemakers were home alone watching TV.
You know the drill on one, but clueless on the other. Team Leader Park smirked, finding it amusing.
Morning was a good time slot, indeed, but only for products with a low unit price. It was common sense to mainly schedule products that belonged to the category of daily necessities, such as cosmetics, cleaning supplies, detergents, or toilet paper. In other words, it was mainly for products that could easily be ordered with living expenses without having to consult the husband. Scheduling a high-priced robot vacuum cleaner at this time was a suicidal act, as the saying went.
âMorning hours are not a bad time slot.â
âIf youâre targeting housewives, wouldnât it be better to make it a special product even if the price is a little higher? For example, a product like MilkBot?â
âUh-huh. Good. Itâs good enough. Okay,â Team Leader Park answered perfunctorily.
What the CEO thought did not matter to him. Vulnerabilities showed at times like this. Simply memorizing existing documents was entirely different from actually handling tasks. No matter how well one memorized the data, catching the detailed elements known only to practitioners was not easy.
Moreover, MilkBot? It was absurd.
That eccentric CEO would never supply products to Itâs Home Shopping. How stubborn are you? How come the person in charge, who Iâve contacted several times, doesnât even snort? Park Choong-In questioned internally.
âIt seems like a prejudice that home shopping should only launch cost-effective products. What do you think, Mr. Park? MilkBot, is it impossible?â
Park Choong-In checked Jae-Yoonâs expression for a moment and answered, âItâs not from Galaxy Electronics or Lib Electronics. Itâs a small and medium-sized enterprise product in the 700,000 won range... Is that possible? Iâd rather spend a little more money and buy Galaxy Electronics.â
âMilkBot is difficult to sell?â
âItâs difficult to talk about MilkBot before you bring it in. Who canât sell it in words? If you want it that much, why donât you bring it in once, Mr. Min? We also want it very, very much. If you can, then, Iâll give up the golden 10 p.m. slot on Sunday to you.â
Look at this. For a moment, Jae-Yoon felt a strange sense of rivalry.
Should I bring MilkBot? That would be interesting.
Now that it had come to this, everyone had to bear their responsibility. They were not new employees; showing actions rather than just talking would be better.
âOne last question. Can you take responsibility for that decision?â
âResponsibility? What else can I lose? How can I lose? Should I take off my clothes? Should I ask for all the financial damages?â
Seeing Park Choong-Inâs confident attitude, Jae-Yoon was rather pleased. Nothing was as sure as bringing something right in front of your eyes. It was also an opportunity to showcase his practical skills. He pondered for a moment, chin in hand.
What would be good?
âI canât ask the team leader for financial compensation. Letâs do this. If you achieve 3 billion won in sales, Iâll let you schedule Itâs Food again.â
Park Choong-Inâs head turned quickly.
199,000 won per unit. Itâs possible with about 16,000 units. I expect about 20,000 units. I feel like doing the shoulder dance because things are going more smoothly than I expected, Park Choong-In thought.
âDid you hear? Contact the person in charge of Itâs Food again. Iâll see you soon,â Jae-Yoon said, resting his hands on the desk. âWell, youâve worked hard today. Anyway, isnât this a place where we all gathered to do well? Letâs all work hard in our seats. Thank you for your hard work.â
Each team member came out of the CEOâs office with different thoughts. While waiting for the elevator, Deputy Manager Kim Tae-Hyeong lowered his voice and opened his mouth as if he had made up his mind, âMr. Park?â
âUh, Mr. Kim, why? Donât tell me you think the CEO will bring MilkBot?â
âYou never know.â
âHow long has he been in business? Two, three days? The MilkBot CEO is a total nutjob. No way heâll readily give out his products.â
âI guess so?â
âEven if he did bring it in, with such rigid standards for price, performance, and profit margin, do you think someone so finicky would actually launch and sell it? If he discounted even 1 won, the MilkBot CEO would come charging at us with an ax.â
Team Leader Park smiled and got on the elevator. Then, he looked around the team members and continued, as if to reassure them, âI guess he wants to show something because heâs taken over the leadership? To try bringing MilkBot Gramps, is that possible? Isnât the PD a scarecrow? Donât worry about it, and focus on Home Run. Ask the marketing team to pay a little attention to community work.â
Park Choong-In looked at Seo Tae-Min by the corner of the elevator, clicked his tongue, and nudged him with his arm.
âTae-Min, how can you be so clueless? Huh?â
âIsnât it what the CEO ordered?â
âIf the CEO tells you to die, will you die? Whose side are you on?â
âWhat sides? This isnât a game.â
Team Leader Park and his sidekicks were confident as they got off.
After the meeting, Jae-Yoon looked at the monitor as if he had been in the field for a long time. The more he thought about it, the more confidence sparked his competitive spirit.
Iâm curious about their reaction if I manage to bring MilkBot.
Jae-Yoon loosened his tie and took off his jacket. He felt an excitement he had not felt in a long time. Truly, he had the nature of a planner. Digging into products was always thrilling. He searched for MilkBot on Naver. It was a company with persistence. There was exactly one shopping search result, and even that was maintaining a fairly high price policy of 790,000 won at the company mall.
âFirst, letâs find out what kind of person the CEO isâ¦â
After drinking about three cans of Hot6 without even having lunch, Jae-Yoon got up from his seat and packed his belongings. His destination? Milkbot Research Lab.
Cost-effectiveness and emotional value; the recent distribution market trend could be explained with these two words. The General Team showed a cost-effective card.
Price to performance ratio was, of course, important, but that label should be attached to products with good performance. Being cheap does not automatically earn the title of cost-effective. Times had changed significantly. It was the era of emotional satisfaction beyond cost-effectiveness; an era that valued psychological satisfaction over price.
Whether bought for 200,000 won or 2 million won, the values consumers pursued varied. It could be because a favorite celebrity advertised it, or because it used eco-friendly materials, or because it was sold by a famous brand, or because it was rare.
In addition to those, consumers these days were willing to open their wallets for more expensive products than other products for various reasons.
If asked whether cheap products would sell well, Jae-Yoonâs answer was, âWell...?â
âNice to meet you. Iâm Min Ho-Jun from Itâs Home Shopping, who called you earlier.â
âLet me show you to the meeting room.â
As soon as he entered the meeting room, he could tell the CEOâs personality. This person was genuinely passionate about robot vacuum cleaners. Samples of robot vacuum cleaners filled the wall. From the early model resembling an ammonite, to the currently sold model. Even the blueprint of the product under development was on display in the conference room.
Not treasures, but the way they were neatly displayed in a glass cabinet made the upcoming meeting even more anticipated. Meeting someone so attached and confident in their product, Jae-Yoon was sure he could learn something beyond just business.
âItâs Home Shopping CEO?â
âYes.â Jae-Yoon turned around at the low voice.
â¦? Whatâs so nutjob about him?
Anyone who first met CEO Jeong Do-Jun of MilkBot would have reacted the same way as Jae-Yoon. Usually, when people said that eccentrics were crazy, they imagined an extraordinary person who exuded a strong sense of nerdiness in their appearance; or someone with a unique point like Gandalf or Jack Sparrow.
âNice to meet you. Iâm Jeong Do-Jun.â
âLikewise. Iâm Min Ho-Jun.â
They exchanged business cards and scanned each other briefly.
Contrary to expectations, this man was the opposite. If anything, he appeared even more polished than Min Ho-Jun. He was not a model, but his neat appearance and attire made him seem like a successful startup CEO who cared a lot about his looks.
âIf youâre here to haggle the price, just have a cup of coffee and go back. Our coffee is good. Itâs imported directly from Italy every week.â
âWhat if I tell you Iâm not here to haggle the price, but to see if we can set the selling price in the 900,000 won range?â
The casual remark changed CEO Jeongâs nonchalant expression.