Ferdinand knew that now that affordable cars had emerged, could the great boom of the automobile industry be far behind?
For the sake of future development, Ferdinand decided to break up Bulgaria Machinery Factory.
To be honest, Bulgaria Machinery Factory had already grown outrageously huge. From small hardware fittings to steam turbine engines for battleships, it had everything imaginable!
More than eighty percent of Bulgaria's machinery manufacturing output came from the machinery factory!
Bulgaria Machinery Factory—or rather, the group—now employed as many as 1.468 million workers. It owned 186 subsidiaries of varying sizes and 756 processing and manufacturing plants of all kinds, spread throughout Bulgaria's entire industrial system!
Although Ferdinand had previously reorganized the machinery factory into a corporate group, managing its ever-expanding industries was still becoming more than he could handle!
After all, the sheer number of its bewildering, multifarious industries was enough to make one's eyes swim, let alone actually manage them!
Such all-round geniuses might exist, but Ferdinand felt it was better not to go looking for them!
Countless examples from later generations told him that in the early stages of socioeconomic development, monopolies helped advance society and conserve resources; but in the later stages, lacking competition, monopolistic enterprises would see their internal contradictions grow ever more pronounced, ultimately reducing production efficiency instead!
"Born in adversity, die in comfort"!
This saying applied not only to a country, but equally to a business. Otherwise, so many once-mighty corporations in later generations would not have failed to keep pace with the times in their later years!
This was especially apparent in state-owned enterprises and monopolistic corporations! Without market competition, corporate leadership lacked any sense of crisis, gradually degenerating into people who knew only how to fight for power and profit, with no thought of progress!
This was something Ferdinand