Those who pursue extraordinary ideas and think beyond the possibilities of today will find a kindred spirit in Lenovo. Our goal is nothing less than to build the most exceptionally-engineered PCs in the world. As such, every one of our products has been thoughtfully designed to inspire thorough ease of use, reliability and broadened capabilities. Lenovo aims to offer a working platform that is second to none in facilitating brilliance.
- Yang Yuanqing, Chief Executive Officer
Lenovo’s strategy has seen streamlined to reflect a results-driven approach to succeeding in this highly challenged environment; we have fine-tuned our priorities in order to maximize our opportunities for growth. We will continue to protect and build upon our strength in China and in commercial and global accounts as we seek to expand aggressively into new areas of strength, especially key emerging markets such as Brazil, India and Russia.
Strategic Priorities
The global PC market remains challenging going into 2009/10. In the new fiscal year, Lenovo will maintain its focus on the following priorities:
- Execution: We have set clear targets and focus on execution. We will remain flexible in our tactics so we can succeed in this challenging and ever-changing business environment. Through continuous improvement, we will execute with more speed and greater effectiveness, enhancing the competitiveness of our already strong business model.
- Performance: Our strength in China and in our relationship business across the globe will serve as the foundation upon which we build and grow our entire business. Further, we will drive efficiency throughout our operations while improving our cost structure.
- New Growth: Extending the success of our China business model into emerging markets such as India, Russia and Brazil represents a major opportunity for Lenovo. Similarly, we will grow our consumer and SMB business outside China and continue our strong growth in the entry-level PC market.
- Innovation: Product innovation remains a hallmark of Lenovo, and we remain committed to innovation leadership and quality. Lenovo will continue to invest in delivering exceptionally engineered PCs.
Culture
Lenovo is a global company with significant operations on six continents. Everyone at Lenovo takes great pride in our ability to attract top talent from diverse backgrounds and from around the world. We have made tremendous progress in integrating this talented, diverse group into a cohesive, New World company. Now we must build on that success and create chemistry and teamwork across the company, wherein we view our differences and diversity as sources of strength that help us achieve our goals. As that trust deepens, we will increase our speed, efficiency and discipline, cultivating a collaborative culture suitable for a leading IT company. My intention is that we succeed not only in the current fiscal year, but well into the coming years and decades. My dream has always been to develop a company that is built to last. I have great appreciation for and belief in our employees around the world. They are the reason I am confident that Lenovo will succeed.
Yang Yuanqing
Chief Executive Officer
Hong Kong, May 21, 2009
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