Lenovo

Title: Lenovos Legend Returns. By: Schuman, Michael, Time, 0040781X, 5/10/2010, Vol. 175, thin 18 Database: Academic Source Complete Section: Global Business technology Liu Chuanzhi built Chinas secure-back planetary computer caller. now hes rebuilding it As Chinas economy gains eer greater orbiculate influence, its major corporations dream of conquering outside(a) markets. Liu Chuanzhi and Lenovo use up been at the forefront of that quest. With Liu at the helm, Lenovo became Chinas first truly multinational corporation after its $1.75 billion learning of IBMs famed PC unit in 2005. When the deal closed, Liu gave up the chairman job and let the new Sino-American leadership group take oer. The acquisition, it turned out, was the easy part. Lenovo eventually became entangled in a struggle over the combined companys managerial culture. The internecine intrigue would prove costly. Lenovos market share stagnated because the company wasnt adapting to new trends in personal computing. Lenovos problems are a looming gainsay for corporate China in general. Since few Chinese executives have had meaningful experience operating outside the country, transforming their global aspirations into ingenuousness will be a difficult task.

Going global is going to be a big, big issue for Chinese companies, says James McGregor, senior counselor for consulting firm APCO Worldwide in Beijing. Liu, 66, intends to fix all that. After four classs on the sidelines, he took back control of Lenovos management last year from its command-control American CEO and recast Lenovo as a global company with a consensus-style Chinese management structure. If that wasnt daunting enough, Liu has set his sights on another grand undertaking, to create an industrial heap up in China. His game plan: to pass the lessons learned over his long career to a new generation of Chinese CEOs and upgrade corporate management in the country. For the past lead decades, I have developed a very... If you want to croak a full essay, order it on our website: Orderessay

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