Yang Yuanqing

Yang Yuanqing
Chairman and CEO

Lenovo

Yang Yuanqing is Chairman and Chief Executive Officer of Lenovo. He returned to the chairman post in 2011 and has been leading Lenovo's global business as CEO since 2009. He holds a master’s degree from the Department of Computer Science at the University of Science and Technology of China. He is also a member of the National Youth Association Committee, director of China's Entrepreneurs’ Association, a guest professor at the University of Science and Technology of China, and a member of the New York Stock Exchange's International Advisory Committee.

 

Quotes

Yang Yuanqing

Yang Yuanqing

Chairman and CEO, Lenovo

Problems like the European debt crisis and the unemployment rate in the US are serious, but the emerging market is actually one of the major driving forces for future development.

Yang Yuanqing

Yang Yuanqing

Chairman and CEO, Lenovo

Domestic demand should be stimulated if we want to maintain sustainable and long-term development. Undoubtedly, that increase of domestic demand involves the increase of the income of the common people.

Yang Yuanqing

Yang Yuanqing

Chairman and CEO, Lenovo

If the people have sufficient security in terms of medical services, endowment and education, the development of domestic demand may be nurtured more effectively.

Yang Yuanqing

Yang Yuanqing

Chairman and CEO, Lenovo

As to the mode of work involved, people will not have to sit at the office desk but can work and enjoy the internet through different terminals wherever and whenever they want, whether on the move or at home.

Yang Yuanqing

Yang Yuanqing

Chairman and CEO, Lenovo

In the past, we wished to become a leading international manufacturer of personal computers. Now we aim to become the international leader in terms of personal and Internet terminals.

Yang Yuanqing

Yang Yuanqing

Chairman and CEO, Lenovo

We have expanded our development of personal computers to include smart phones, tablet computers and smart TVs. Therefore, we have a broader space and stage in which to develop.

Yang Yuanqing

Yang Yuanqing

Chairman and CEO, Lenovo

Of course, we also have to face new challenges and think about how to accumulate the new core competitiveness. We have competitiveness in the traditional PC area and we plan to establish it in some new areas.

Yang Yuanqing

Yang Yuanqing

Chairman and CEO, Lenovo

We have to greatly enhance our ability in terms of innovation so that we can produce products in the new areas. While we still need to make preparations, our efforts on this in the past few years mean that we will be able to launch couple of waves of innovative products in the next 18 months.

Yang Yuanqing

Yang Yuanqing

Chairman and CEO, Lenovo

We adopted a strategy called ‘protect’ in most cases in the mature market. We paid more attention to profit making and how to transfer the core business into cash cow.

Yang Yuanqing

Yang Yuanqing

Chairman and CEO, Lenovo

In the emerging market, we have primarily adopted an ‘attack’ strategy. That means we have to pay more attention to market share at the beginning instead of profit. We would say that it is difficult to make money if market share is less than 10%.

Yang Yuanqing

Yang Yuanqing

Chairman and CEO, Lenovo

We explored the local market for talent to take charge of positions that we were not capable of filling. This method allowed us to become familiar with the places, countries and talents in different markets. Overall, this strategy helped us to make internationalisation a success.

 

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