June 11th, 2019—GEI President Mr. Wang Delu gave a speech at the Xi 'an International Entrepreneurship and Global INS Conference. The 2019 Conference was hosted by the Xi'an Government and shared the slogan of "Technologies Link Culture, Innovation Cultivates the City." Citing Lao Tzu, Mr. Wang delivered a keynote speech entitled "From Tao Te Ching to One Belt and One Road Entrepreneurship Center." Tao Te Ching is ancient wisdom from Lao Tzu, a Chinese philosopher who lived in the sixth century B.C. During his speech, Mr. Wang identified the "Nine laws" of building a successful business, characterizing the process of growing entrepreneurship.
Specifically, for the initial phase, he argued that "Out of Tao, One is born," in which Tao" refers to the general impulse and power of creation. He also identifies that "being comes from non-being," which refers to the fact that entrepreneurs should be eager to enrich their imagination.
For a corporation to grow, Mr. Wang cites the saying, "Reversion is the act of Tao," which means that entrepreneurs need to understand the law of industrial development and comply with it. He also refers to the saying, "The highest perfection is like imperfection," which argues that the focus of entrepreneurship in the new economic era needs to be on opportunities that are offered by the transformation of industry and technology.
For a corporation to succeed, Mr. Wang cites the following saying: "The best of men is like water," which means that entrepreneurs should believe that they can change the world in the face of new fields, new opportunities, and new challenges. He also cites "Standing alone, changing not," which speaks of entrepreneurs needing to adhere to their original faith when facing numerous and complicated temptations.
Eventually, a corporation should learn the wisdom of having a "sharp weapon in hand" and that "With all the sharpness of the Way of Heaven, it injures not." The former argues that corporations should build their core competitiveness. The latter explains that, despite having all the power in hand, entrepreneurs in the new era should not use it to cause harm and that they should take their social responsibilities into consideration.
As for the management, Mr. Wang cites the saying "He who conquers the world often does so by doing nothing," which speaks of entrepreneurs learning the art of power-centralization and decentralization, when making administrative decisions.