4/11/2023 0 Comments The who mastered ibm chinese![]() ![]() The company’s founder Liu Chuanzhi is said to have remarked, “Our management team often differed on which commercial road to travel… We just learned by trial-and-error, which was very interesting – but also very dangerous.” 2 Lenovo jumped to prominence much later through several high-profile acquisitions – IBM’s PC business, IBM’s server business and Motorola’s handset business. Lenovo also tried and failed to market a digital watch. This product was Lenovo’s first major success. It then started developing a circuit board that would allow IBM- compatible personal computers to process Chinese characters. When the company’s first business goal of importing televisions failed, it redirected its efforts at conducting quality checks on computers for new buyers. Ren Zhengfei of Huawei put it succinctly when he said: “When trying to capture a city, first capture the countryside.” In building their companies, these leaders were willing to experiment, allowing strategy to emerge rather than enforcing it with a grand plan. Haier and Huawei both established their strengths in rural markets before taking on foreign competitors in urban markets. Ma Huateng benefited from the Chinese government ban on Facebook and Twitter in launching WeChat. Instead of taking undue risks in the early years, these leaders identified niches where they could get established and grow far from the glare of MNC competitors. A strategy of continuous renewal Logical incrementalismĪll five leaders had a clear sense of where they wanted to lead their companies but theirs was not a grand vision, rather a sequence of goals that were dynamically reset at each stage of the company’s journey as the environment around it changed and more opportunities opened up. All five have achieved tremendous success under their respective founders: 1 Ren Zhengfei, Liu Chuanzhi, Zhang Ruimin, Ma Yun (Jack Ma) and Ma Huateng (a description of the five companies and their leaders is provided on page 4). ![]() The first three have truly global ambitions the other two have a more regional focus. We study five of them here – Huawei, Lenovo, Haier, Alibaba and Tencent – covering a diverse set of industries. We were curious to learn how their leaders prepared these companies to compete on the international stage. Not surprisingly, nearly a third of these companies are from China. The Boston Consulting Group (BCG) announces each year a list of 100 companies that it believes are global contenders to watch. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |