Lenovo annual report

lenovo annual report

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He said, "I cannot just promote a lenovo product every day. I have to get people interested first and then find the opportunity to promote it once in awhile. 13 Yang is often referred to as "YY" by his colleagues at Lenovo. 14 Awards and recognition edit yang was awarded the may fourth youth Medal, by the All-China youth Federation in 1999. In 19, the magazine businessweek named him one of the "Stars of Asia." In 2004, he was listed among "Asia's 25 Most Influential Business leaders" by fortune Asia. Yang was named "2007 Chinese business leader" by fortune China.

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Employees in plan 20 countries benefited from Yang's gift. 85 of recipients were in mainland China. As in 2013, these workers were typically hourly production staff. 8 9 10 Shafer also said that Yang, who owns about eight percent of Lenovo's stock, "felt that he was rewarded well simply as the owner of the company."According to lenovo's annual report, yang earned 14 million, including.2 million in bonuses, during the fiscal. Yang greatly increased his ownership stake in Lenovo by acquiring 797 million shares in 2011. Before, he owned only 70 million shares. Yang said, "While the transaction is a personal financial matter, i want to be very clear that my decision to make this investment is based on my strong belief in the company's very bright future. Our culture is built on commitment and ownership we do what we say, and we own what. My decision to increase my holdings represents my steadfast belief in these principles." 11 12 In April 2015, yang required all members of Lenovo's media team to be active on at least one social media outlet. Yang is an active user of Twitter, linkedIn, and Sina weibo. Yang encourages his team to talk about their personal lives on social media.

7 Yang has said that when Lenovo enters a new market they intend to be number one. Yang stated, If you dont have enough scale, if you dont have enough volume, book its hard to make money. If you dont have enough market share, its hard to make money. Thats why we enter the markets one by one. When we enter a market, we want to quickly get double-digit market share. In 2012, yang received a 3 million bonus as a reward for record profits, which he then redistributed to about 10,000 of Lenovo's employees. According to lenovo spokesman, jeffrey shafer, yang felt that it would be the right thing to, "redirect the money to the employees as a real tangible gesture for what they done." The bonuses were mostly distributed among staff working in positions such as production and. This amount of money was almost equivalent to a month's pay for the typical Lenovo worker in China. Yang contributed another.25 million bonus to 10,000 Lenovo employees in 2013.

lenovo annual report

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While lenovo's official language is English, yang initially did not understand the language well; he relocated his family to morrisville to improve his language skills and soak up American culture. Yang also hired a private tutor and watched cable news to practice. Yang also sent many lenovo executives to the us for long postings. One American Lenovo executive interviewed by The Economist praised Yang for his efforts to make lenovo a friendly place for foreigners to work. As of 2013, lenovo's top 14 executives come from seven countries. Lenovo has acquired companies all over the world. The company has dual headquarters in beijing and Morrisville, the former home of ibm's personal computer business. Yang has created a "performance culture" instead of the traditional Chinese work style of "waiting to see what the emperor wants." 6 Yang holds an annual banquet at his home in beijing for Lenovo's top executives. Traditionally, each guest at the banquet stands up and uses a toast to set goals for their business unit.

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lenovo annual report

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State department was harshly criticized for purchasing 16,000 computers from Lenovo. Critics attempted to smear Lenovo as controlled by the Chinese government and a potential vehicle for espionage against the United States. Yang spoke out forcefully and publicly to defend Lenovo. He said, " we are not a government-controlled company." he pointed out that army Lenovo pioneered China's transition to a market economy and that in the early 1990s had fought and beaten four state-owned enterprises that dominated the Chinese computer market. Those firms had the full backing of the state while lenovo received no special treatment.

5 The State department deal went through. Yang worried that fears about Lenovo's supposed connections to the Chinese government would be an ongoing issue in the United States. Yang worked to ease worries by communicating directly with Congress. In June 2006, yang arranged to be seated next. Richard d'amato, a member of the congressional committee that had earlier raised concerns about the security of Lenovo's products. D'amato later stated that he was impressed with Yang's candor. The issue soon faded away.

Yang also set up a system to monitor the sales, inventory, cash flow, compliance, and pricing of distributors. Many analysts cite lenovo's distribution system and after sales service as the key to its expansion. 4 Yang yuanqing was chairman of Lenovo's board from 2004 to 2008. In February 2009, yang gave up his position as chairman and again became ceo at Lenovo. 4 In 2005, yang yuanqing undertook a deal with Microsoft to have windows preloaded on most Lenovo computers sold in China.


In exchange, microsoft China offered a rebate on Windows and marketing assistance. Other manufacturers adopted this approach afterwards, partly due to yang's substantial influence in China's technology industry. Microsoft tripled its sales of preloaded versions of Windows within a year as a result. The change was requested by bill Gates and Steve ballmer to combat what they referred to as a rise in the number of pirated versions of Windows. These versions were predominantly being installed on the hard drives of computers with no bundled operating system. Steve ballmer said, "Yuanqing made a huge difference. He was willing to go out on a limb." Yang also proved to be effective at navigating American politics. In early 2006, the.

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He used the move to break lenovo's cultural links to the past. He insisted on a more formal dress code and training all employees in telephone etiquette; Yang wanted his people to think and act like high-tech workers in developed markets. 4 After addressing human resources issues, yang moved on to distribution. Due to China's large territory, large population, varying degrees of economic development, and widely different local regulations, lenovo was having difficulty operating nationwide. While lenovo had been using direct sales and a network of distributors, yang gave up on direct sales in favor of exclusively using independent agents to avoid the costs of administering a complex sales network. This action resulted in Lenovo cutting its sales staff from over 100 to just 18 in 1994. To gain confidence among distributors, lenovo provided a wide range of products, offered reasonable prices, and closely supervised the marketing of its products to look out for the interests of distributors. In contrast to lenovo, foreign firms often tried to squeeze distributors' margins. Yang ensured proper training of distributors and brought in Microsoft and Intel to help with these essay efforts.

lenovo annual report

Within a year of joining Lenovo in 1988, yang had lost interest in sales and had taken the toefl in preparation to study overseas. Yang stayed on after repeated requests from liu chuanzhi. 4 Yang believed that he would benefit from exposure to American business practices but liu persuaded him to delay his plans for two years. Problems at Legend due to lower import duties on personal computers did not allow for this though. Yang decided on Lenovo implementing specific job descriptions with clear responsibilities and a system of performance evaluations used to determine annual bonuses. At the time, most Chinese enterprises distributed bonuses of equal size to all employees, there was little sense of responsibility, and workers passively waited for superiors to issue instructions. When Yang took over Lenovo's personal computer division, he strongly discouraged the use of formal titles and required staff to address each other by their given names. Yang even summary required managers to stand outside their offices each morning to greet their employees while carrying signs with their first names. Yang's division moved to a new building in 1997.

at Lenovo for being a quiet, deep thinker. These qualities caught the attention of liu chuanzhi, who later promoted Yang to head Lenovo's personal computer business at just 29 years old. Yang was elevated to ceo of the whole company when liu retired in 2001. Liu described Yang as "A man who moves forward, takes risks and aims to innovate." liu also said, "I had been observing Yang a long time before i appointed him to take over the pc business. He had clear goals, was broad-minded and straightforward. We trusted him." 4 Yang's first major task at Lenovo was to write a bid to become an ibm reseller. After submitting his bid, yang discovered that he had"d twice the price of his competitors.

Yang's father, yang Furong, was a disciplined man with strict standards. Yang said of his father, "If he set summary a target, no matter what happened, he wanted to reach." 2, while his parents wanted him to pursue a career in medicine, and he had a budding interest in literature, yang decided to study computer science. Yang earned an undergraduate degree in computer science from. Shanghai jiaotong University in 1986 and graduated with a master's degree from the. University of Science and Technology of China in 1988. 4 2, main article: Lenovo, yang yuanqing, yang spotted a newspaper advertisement for jobs at Lenovo while in beijing performing research for his master's degree. Yang had initially planned on becoming a university professor but took a risk and accepted a position with Lenovo in sales. He was paid the equivalent of US30 per month.

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This is a, chinese name ; the pdf family name is, yang. Yang yuanqing ( simplified Chinese : ; traditional Chinese : ; pinyin : Yáng yuánqìng, born 12 november 1964) is a chinese businessman and the current chief executive officer of, lenovo. Hurun Report 's 2013 China rich List, he had an estimated fortune of around US620 million and is the 533rd richest person in China. 3, contents, early life and education edit, lenovo's ceo dixon Jose gave up his job to yang. Yang was born on 12 november 1964 to parents both educated as surgeons. He spent his childhood. Hefei in, anhui province. He grew up poor, as his parents were paid the same salaries as manual laborers. Yang's parents endured repeated persecution during the.


Lenovo annual report
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  1. About Lenovo lenovo stocks are traded on the hong Kong Stock Exchange. Lenovo is devoted to ensuring that our products, employees, sites. Its Annual Report time of year, and whether you know it or not, many not-for-profits have their annual reports prepared in Adobe.

  2. according to lenovo 's annual report, yang earned 14 million, including.2 million in bonuses, during the fiscal year that ended. products that are targeted at solving customer problems-that's just one part of becoming a top-rated vendor in the Annual Report Card. Here are the 10 vendors that garnered the highest scores for partnership in this year's Annual Report Card survey. group Limited Annual Report, lenovo group Limited beijing, lenovo group Limited headquarters, lenovo group Limited Ideapad U410 touch. The annual Rescuecom 2017 Computer Reliability report shows that Apple is leading the pack for computer reliability rescuecom Releases. Lenovo s global turnover totalled US43bn for the fiscal year ending 2016 ( Annual Report 2016).

  3. Read a detailed analysis of the four P's - product, place, price, promotion in the marketing Mix of Lenovo. Source: Lenovo annual report. re, hse annual report video ar14 nov, lenovo group below are due each year is available including words such as the story of the. The statistic depicts Lenovo 's market share of pc shipments worldwide from the first quarter of 2009 to the latest quarter. This statistic shows the global pc shipments of Lenovo from the first quarter of 2011 to the latest quarter. In the first quarter.

  4. Lenovo now on m! Lenovo, annual, report 2014/2015, lenovo, annual, report 2015/2016. Chinese multinational technology company, lenovo, group Limited 2016/17, annual, report (English). They also had to axe more than 2000 jobs in the. S.A., and had to report their first annual loss since.

  5. 2011/12, annual, report, lenovo, group Limited. lenovo, group Limited 2016/17, annual, report. The, lenovo newsroom is the companys official site for product and corporate news about our PCs, smartphones and enterprise products. our supply chain performance can be found in our annual, lenovo. Sustainability, report or on our Social Responsibility resources pages. Discover all statistics and data.

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