Liu Chuanzhi

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Liu Chuanzhi

Liu Chuanzhi (born April 29, 1944) is a Chinese businessman and the founder of Lenovo, the largest computer maker in the world.

Quotes[edit]

  • We are lucky that Steve Jobs has such a bad temper and doesn't care about China. If Apple were to spend the same effort on the Chinese consumer as we do, we would be in trouble.
  • At that time, most local Chinese companies were not thinking about cost structures and supply chain issues as actively as we were. They were thinking more about how to lower the import tariff or how to counteract foreign exchange risks and so on. But we really spent a lot of effort on our supply system.
  • The biggest advantage is China's enormous potential market. Our government actively supports the local computer industry. We have lower production costs than foreign competitors. On the other hand, we are technologically far behind the West. Another disadvantage is that there is a very shallow understanding of market principles in this country. This seriously undermines the growth of the PC industry.
  • I think it's good that older leaders have made room for the younger generation. When we started, we worked very hard for very little money. Now we give employees very attractive wages. Other state-owned enterprises should follow our example.
  • For my successor, regardless of differences in management style, one precondition is that he or she must treat the company's business as if it were his or her own. Of course, there also must be a basic cultural identification with the company. At the same time, Legend [Lenovo] requires some sort of long-term incentive plan to guarantee incentives for management.

External links[edit]

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