Founded in 1994, HaiDiLao Hot Pot has dominated the Chinese hot pot restaurant market. Its CEO Yong Wang growed the company from one restaurant to a hot pot chain with 82 restaurants all over China today. The company is generating more than 3 billions RMB(500 million dollar)each year.

What differentiates HaiDiLao from its competitors is not its product but its staff.  Influenced by his personal experience, Yong Wang highly valuates staff’s work ethos. Yong Wang hires people who are from village and gives them wage as much as the starting wage for college students. He creates a fair working environment which gives every employee a chance to be manager as long as they work hard enough. All the staff in HaiDiLao embraces the working environment and believe that working hard will lead to success. As a result, all the staff in HaiDiLao committee to high quality services.

HaiDiLao is an great example of unification of people, culture and team. It demonstrates the stakeholder theory that only by benefiting all the people concerned can great success be cultivated.

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