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OverviewLenovo is one of the world's leading personal technology companies, producing innovative PCs and mobile internet devices. Now, #286 on fortune 500 list, Lenovo is the world's largest PC vendor and fourth largest smartphone company.
While the Lenovo brand came into existence only in 2004, the company has a much longer history. In 1984, Legend Holdings was formed with 200,000 RMB (US$25,000) in a guard house in China. The company was incorporated in Hong Kong in 1988 and would grow to be the largest PC company in China. Legend Holdings changed its name to Lenovo in 2004 and, in 2005, acquired the former Personal Computer Division of IBM, the company that invented the PC industry in 1981.
Today, Lenovo is a US$47 billion personal technology company with more than 57,000 employees (including joint ventures) in more than 60 countries serving customers in more than 160 countries. Lenovo has major research and manufacturing centers in countries around the world.
Lenovo has grown faster than the market for more than four years because our exceptionally engineered products are meant for those who do. Our customers use innovation to bring progress to the world, and we design and build our products with this in mind, taking inspiration from the drive and imagination of the people who make things happen. Our technology helps those who do, do better.
And Lenovo has continued its rapid growth into new personal technologies with its July 2014 acquisition of Motorola Mobility. By adding Motorola, Lenovo not only becomes the world’s third largest smartphone company, but also further strengthens its innovation leadership. Motorola’s more than 2,000 engineers and technical experts are industry leaders, responsible for thousands of patents.
Whether a PC, smartphone, tablet, smart TV, server, workstation or storage, Lenovo makes the products that customers need, whether smart connected or infrastructure devices Lenovo is creating real differentiation from the competition thanks to its vertically integrated end-to-end business model. This model is unique among major technology companies and is a significant source of competitive advantage, helping us to bring more innovation to market, more efficiently, and aggressively attack the PC+ opportunity.
And as Lenovo expands globally, we are establishing even deeper roots in each major market, investing not only in sales and distribution, but also in local domestic manufacturing, R&D and other high-value functions. This global reach with local excellence is enabling us to build a new kind of company - a ""global-local"" company - and positions us to more deeply implement our protect and attack strategy and build the foundation for long-term success.
And we want to do it the right way — the Lenovo Way — with our own perspective, our own global point of view and our own commitment to building technology for people who view technology as a tool to accomplish great things.
Innovation: A Core Value
Lenovo owns the greatest track record for innovation in the PC industry, consistently winning awards and receiving rave reviews. Lenovo remains committed to innovation across our entire device portfolio and will continue to leverage our history of technological breakthroughs into new product categories that drive future growth. Innovation is how Lenovo achieves competitive differentiation and drives new market opportunities, such as mobile Internet, digital home and cloud computing.
Lenovo operates 46 world-class labs, including research centers in Yokohama, Japan; Beijing, Shanghai, Wuhan and Shenzhen, China; and Morrisville, North Carolina, U.S.
The company is rich in talent, employing more than 5,000 engineers, researchers and scientists. Lenovo's R&D teams have introduced many industry firsts supported by a track record of innovation — including more than 6,500 globally recognized patents and more than 100 major design awards.
Acquisitions, collaboration with industry associations, and investments in research and development even in down cycles enable us to stay ahead of market trends and deliver a comprehensive portfolio of products.
Our Vision
At Lenovo, our vision is that Lenovo will create personal devices more people are inspired to own, a culture more people aspire to join and an enduring, trusted business that is well respected around the world. This vision guides us in pursuit of our mission to become one of the world's great personal technology companies.
We will accomplish this through:
Personal Computers: Lead in PCs and be respected for our product innovation and quality.
Convergence: Lead the industry with an ecosystem of devices, services, applications and content for people to seamlessly connect to people and web content.
Culture: Become recognized as one of the best, most trusted and most well-respected companies to work for and do business with.
Our Culture
Our culture defines us … it's our DNA. We call it the Lenovo Way and it's the values we share and the business practices we deploy. It's how we address our day-to-day commitments. The Lenovo Way is embodied in the statement: We do what we say and we own what we do.
That culture also drives how we work every day, utilizing what we call the 5 P's:
We PLAN before we pledge. We PERFORM as we promise. We PRIORITISE the company first. We PRACTICE improving every day. We PIONEER new ideas.
Our culture is what has enabled us to consistently raise the bar on delivering break-through innovations, award-winning designs and strong financial performance.