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2017 | OriginalPaper | Chapter

7. Building Lenovo into a Family Business Without Kinship

Interview with Lenovo Group Founder and Chairman Chuanzhi Liu

Authors : Anne S. Tsui, Yingying Zhang, Xiao-Ping Chen

Published in: Leadership of Chinese Private Enterprises

Publisher: Palgrave Macmillan UK

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Abstract

Lenovo was founded in Beijing in 1984 as Legend, and incorporated in Hong Kong in 1988. It acquired IBM’s personal computer business in 2005 and agreed to acquire its Intel-based server business in 2014. As a Chinese multinational computer technology company with headquarters in Beijing, China, and Morrisville, North Carolina, USA, Lenovo designs, develops, manufactures and sells personal computers, tablet computers, smartphones, workstations, servers, electronic storage devices, IT management software and smart televisions. In 2014, Lenovo was the world’s largest personal computer vendor by unit sales. Lenovo started its smartphone business from scratch in 2012 and had reached fourth place in the world by 2014.

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previous chapter If You Do Business for Money Alone, You Might Not Be Able to Make Money

next chapter Let Employees Work for Themselves

This section is based on information and news from the company website (Lenovo 2015), Wikipedia (2015), and IACMR’s Chinese Management Insights’ publication on Lenovo in January 2013.

This section is based on IACMR’s Chinese Management Insights’ publication on Lenovo in January 2013 with permission, complemented by public information from Legend Holdings (2015).

Lenovo’s global market share reached 19 % at the end of 2014, becoming the leader in the world, followed by HP and Dell, with 17 % each (Statista 2015).

Lenovo. (2015). Lenovo: Our company. Retrieved March 25, 2015, from http://www.lenovo.com/lenovo/us/en/our-company.shtml

Legend Holdings. (2015). Liu Chanzhi. Retrieved March 25, 2015, from http://www.legendholdings.com.cn/en/Leadership/FullBioLCZ.aspx

Qiao, J., & Conyers, Y. (2015). The Lenovo way: Managing a diverse global company for optimal performance. Beijing, China: China Machine Press.

Statista. (2015). Market share of PC vendors of PC shipments worldwide from 2011 to 2014, by quarter. Retrieved December 19, 2015, from http://www.statista.com/statistics/269703/global-market-share-held-by-pc-vendors-since-the-1st-quarter-2009/

Wikipedia. (2015). Lenovo. Retrieved December 16, 2015, from https://en.wikipedia.org/wiki/Lenovo

Title: Building Lenovo into a Family Business Without Kinship
Authors: Anne S. Tsui
Yingying Zhang
Xiao-Ping Chen
Publisher: Palgrave Macmillan UK
Book: Leadership of Chinese Private Enterprises
Print ISBN: 978-1-137-40233-2

Electronic ISBN: 978-1-137-40235-6

Copyright Year: 2017
DOI: https://doi.org/10.1057/978-1-137-40235-6_7