This is a preview of subscription content, log in via an institution to check access.
Notes
See Lenovo's home page: http://www.lenovo.com/lenovo/ca/en
Mr. Liu's presentation in Chinese was translated into English by his assistant, Mr. Jason Zhou.
Yuanqing Yang was quoted as saying: ‘We are now entering into a new phase, a profitable growth phase, and our board wants to see more aggressive growth in this period… Mr. Amelio has the perfect background to lead us on the path to profitable growth’ (Zhang and Sellami, 2006).
In March 2006, as part of its restructuring plans to reduce costs, Lenovo reduced its workforce by 5%, that is, approximately 1000 jobs (New York Times, 2006).
In May 2006, because of national security concerns, the US State Department announced that it would not use the 16,000 computers it bought from Lenovo for classified work.
Lenovo's net profits for the 3 months ending on 30 June 2006 fell 87%, including a $19 million write-off for laying off 1000 workers in March (Lee, 2006).
References
Business Week (2000) ‘50 leaders at the forefront of change’, Business Week, 3 May, [www document] http://www.businessweek.com/2000/00_27/b3688009.htm (accessed 3 April 2007).
Economist (2001) ‘Legend in the making’, 13 September, [www document] http://www.economist.com/displayStory.cfm?story_id=780748 (accessed 9 May 2007).
Lee, M. (2006) ‘Lenovo net profit dives to US$5 million’, The Standard, 4 August, [www document] http://www.thestandard.com.hk/news_detail.asp?pp_cat=1&art_id=24324&sid=91619119&con_type=3.
Ling, Z.J. (2006) The Lenovo Affair (translated by M. Avery) John Wiley & Sons (Asia): Singapore.
New York Times (2006) ‘Lenovo cuts 1,000 jobs in bid to shave costs’, New York Times, 17 March, summary available at http://www.iht.com/articles/2006/03/16/business/techbrief.php.
Rukstad, M.G., Chen, H., Qin, H., Ye, G. and Yin, Z. (2001) ‘A technology legend in China’, Harvard Business School Case, 5 April.
Shenzen Daily (2004) ‘Liu Chuanzhi: the man who acquired IBM PC’, [www document] http://www.china.org.cn/english/NM-e/115844.htm#. (accessed 3 April 2007).
Zhang, J. and Sellami, H. (2006) ‘William J. Amelio: heading the New Lenovo’, City Weekend, 1 January 1, [www document] http://www.cityweekend.com.cn/en/beijing/cib/2006_01/william-j-amelio-heading-the-new-lenovo.html, subscription required.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Liu, C. Lenovo: an example of globalization of Chinese enterprises. J Int Bus Stud 38, 573–577 (2007). https://doi.org/10.1057/palgrave.jibs.8400281
Published:
Issue Date:
DOI: https://doi.org/10.1057/palgrave.jibs.8400281