2024年5月4日发(作者：朴海阳)
Lenovo’s International Strategy
Step 1:
Abstract:
In the 21st century, the globalization has become an unconvertible objective reality
and“global thinking, global acting ”has already been a rule for multinational companies
to observe. For most Chinese companies that have been or is going to be international
companies, there is only one way to become a “visionary company” and gain lasting
competitiveness : that is to involve themselves in the globalization trend and face the
challenge in the future positively. The Lenovo Group has been an vanguard for the Chinese
IT companies, and after its acquisition of IBM PC division, Lenovo has become an
important PC manufacturer.
The purpose of this paper is to revelatory and indicative to the New Lenovo and other
companies that desire to become great global companies through deep study of the
success and failure of Lenovo’s international practices during the past twenty years.
Introduction:
Origins:
The company was founded in 1984 by a group of eleven engineers, headed by Liu
Chuanzhi, in Beijing. Originally known as Legend Group Ltd and New Technology
Developer Incorporated, the listed holding company was incorporated in 1988 in Hong
-----
Kong. The company had become the biggest PC manufacturer of domestic and distributed
third party products through its wholesale business.
The company underwent restructuring and separated into two entities. They were
Lenovo and Digital China Holdings Limited. Lenovo became the personal computer
manufacturer and Digital China took on the wholesale and distribution of IT products and
services.
In 2005 Lenovo purchased IBM's PC Division which transformed it into a major
international personal computer manufacturer. Lenovo paid $1.27 billion to IBM which
consisted of $655 million in cash and $600 million in Lenovo stock. As a result of the
acquisition, Lenovo gained the rights to the product lines as well as licensed trademarks
such as ThinkVision, ThinkPad, ThinkVantage, ThinkCentre, Aptiva, and NetVista. As of May
1, 2005, IBM owned 19.9% of Lenovo.
development：
1980s
1981: IBM PCD introduces its first personal computer, the IBM PC.
1984: IBM PCD introduces its first portable computer, the IBM Portable PC, weighing
30 pounds. With an initial capital outlay of only RMB300,000 (US$30,000) Lenovo’s
founding chairman Liu Chuanzhi, together with 10 like-minded colleagues, launches the
New Technology Developer Inc. (the predecessor of the Legend Group) funded by the
Chinese Academy of Sciences.
-----
2024年5月4日发(作者：朴海阳)
Lenovo’s International Strategy
Step 1:
Abstract:
In the 21st century, the globalization has become an unconvertible objective reality
and“global thinking, global acting ”has already been a rule for multinational companies
to observe. For most Chinese companies that have been or is going to be international
companies, there is only one way to become a “visionary company” and gain lasting
competitiveness : that is to involve themselves in the globalization trend and face the
challenge in the future positively. The Lenovo Group has been an vanguard for the Chinese
IT companies, and after its acquisition of IBM PC division, Lenovo has become an
important PC manufacturer.
The purpose of this paper is to revelatory and indicative to the New Lenovo and other
companies that desire to become great global companies through deep study of the
success and failure of Lenovo’s international practices during the past twenty years.
Introduction:
Origins:
The company was founded in 1984 by a group of eleven engineers, headed by Liu
Chuanzhi, in Beijing. Originally known as Legend Group Ltd and New Technology
Developer Incorporated, the listed holding company was incorporated in 1988 in Hong
-----
Kong. The company had become the biggest PC manufacturer of domestic and distributed
third party products through its wholesale business.
The company underwent restructuring and separated into two entities. They were
Lenovo and Digital China Holdings Limited. Lenovo became the personal computer
manufacturer and Digital China took on the wholesale and distribution of IT products and
services.
In 2005 Lenovo purchased IBM's PC Division which transformed it into a major
international personal computer manufacturer. Lenovo paid $1.27 billion to IBM which
consisted of $655 million in cash and $600 million in Lenovo stock. As a result of the
acquisition, Lenovo gained the rights to the product lines as well as licensed trademarks
such as ThinkVision, ThinkPad, ThinkVantage, ThinkCentre, Aptiva, and NetVista. As of May
1, 2005, IBM owned 19.9% of Lenovo.
development：
1980s
1981: IBM PCD introduces its first personal computer, the IBM PC.
1984: IBM PCD introduces its first portable computer, the IBM Portable PC, weighing
30 pounds. With an initial capital outlay of only RMB300,000 (US$30,000) Lenovo’s
founding chairman Liu Chuanzhi, together with 10 like-minded colleagues, launches the
New Technology Developer Inc. (the predecessor of the Legend Group) funded by the
Chinese Academy of Sciences.
-----