outgoing chairman Liu served its purpose
2011 年 11 2 December, afternoon, Lenovo Group announced that board member to adjust, Liu outgoing chairman, Yang Yuanqing will become CEO and chairman, adjusted from November 3, 2011 come into effect. In addition, in recognition of Liu term contribution to the company, Lenovo Group appointed Liu as Honorary Chairman and Senior Advisor.
NetEase : Why did you choose at this point in time to leave this place?
Liu: I think one is really Lenovo’s success is based on the stable, and the future will continue to go up. In particular, Yang bought 800 million shares of stock, he really become the masters of this business, he and the management let our hearts be more at ease. Another point is that I think of controlling the inside there are many new business, wish I could go do something to it. The thing is to have the original I can, I can not, there may be I can do more, but that is a challenge for me is happiness. So I fought to go to Legend Holdings.
NetEase: You have not thought this out, so Lenovo Group scheduled in accordance with your own, it is expected to go some direction?
Liu: Lenovo Group, the original goal set, before the merger is set target of five years, that is, from 2005 to 2010, which is 5 years this time, should be able to do have a good performance. In addition, one can hope that the Chinese leadership an international enterprise. Now this is in the CEO position, and now I think these two are basically able to do. And this led the international business of a standard that Yang can lead this international business, not only to eat a good bowl of now, is the current business to do, but also the mouth of the pot of rice to eat , is the future face new challenges in this area have a good strategic plan. I think these things are done is relatively successful, so I think that this is basically a firm footing, and they go down this road, is not only a good profit to do an international enterprise, and able to do with technological innovation, business model innovation, to be in this, but also the formation of a good brand such an IT company, which is the intended direction, I think they will go along in this direction well.
NetEase: you what the new Lenovo expect it?
Liu: look forward to the hope that through technological breakthroughs, a breakthrough business model that can not just wring a towel in the water by the way, way better in the management of expanding our absolute profits, but also a breakthrough in other areas that can become a real leader.
NetEase: Do you have any concerns, worried?
Liu: because it is really to become an industry leader, in fact, the risk is still very large. Here the first side is that the accumulation of rich heritage to be. What is heritage? You like, to a good brand. Lenovo today in the international arena, in this industry accounted for the second position, but the brand is not a very well-known that a strong a brand. Because in China, accounting for a share of this business more than ten per cent, which accounted for a large one, plus we do is mainly large business customers, commercial customers’ business, so in brand building still very weak. In addition, the Tablet PC is the new mobile Internet products, in fact, still on the power to be able to spend much to the front, not to mention lead to lead. But you really go beyond the local, the risk will be smaller, if you another way to take a new road, then go bad would be annihilated. Therefore, leaders must carefully consider their proportion of this business. Under what circumstances, what part of the bet can be a treasure to substantially exceed, what we should be more cautious. The ability of this overall plan, in fact, Yang led the team to still be careful to do, but also to try to do a long time. Is far from now to see, such as do several years of planning, in the middle to constantly adjust, as do so later, a number will be reliable. If the temporary is very anxious to do a plan, we must move immediately, and said what the overwhelming fast, this will always be very dangerous.
Liu years back to their high marks
Liu in November 2011 of the outgoing, the journey is not he think of the way first pass the torch to. Ten years ago, Liu has also started to be “retired from.” He first retired in 2000, when Lenovo CEO, and later in 2004, Lenovo bought IBM’s personal computer business, the outgoing chairman, the company handed over the baton of Yang’s hands. However, to the end of 2008, the financial crisis and internal problems, think there has been a massive $ 90 million loss. The results, Liu had to came back in February 2009, again at the helm of the association, in order to reverse the decadent situation.
NetEase: We see you back as chairman has just 33 months, Lenovo Group’s share price rose two-fold, and its share rose to a PC,
Liu: 13.5%, rose from 13.5% to 7%.
NetEase: right, then more than doubled.
NetEase: from the outside, including the evaluation of these data can come out you are successful. That is how to evaluate your own personal back then?
Liu: nearly two years back, I also others asked me yesterday when I give myself to play a pricey score, hit 98.95 points, say why more than 1 minute left it? I said that more than 1 minute should be left to Yang, Yang hit 99.99 points. Because in the process, and that he may be more difficult work to be done, more difficult. Overall the results we believe it is quite satisfactory, an important reason for satisfaction is that every time in the open when the board of directors, the management of their budget, always has been greatly exceeded, why? Because they are in the development budget, the budget is with a very challenging, and is regarded as the worst case in all sectors into account, took out a way to deal with, and then make out of this budget. To the last, when in fact no one was the worst case simultaneously, so it will always be beyond the scheduled program. So this thing is bigger and solid, really did want to clear another commitment, a commitment should be. Therefore, from the top to the board of this commitment is that they want to clear, and their subordinates everything again their commitment to want to more clearly, so the whole is more to do down smooth.
NetEase: Looking back on the back, do you think your inadequacies is what it?
Liu: this more than two years, is scheduled according to my plan is quite satisfactory. The inadequacy of the absolute of course, some friends that I actually put, if I can more employees around the world with more exposure, more publicity to go deep into the underlying corporate culture, etc., it will better. But because I had given so much the amount of time, other times I want to do other work-sharing, so it will not say what the inadequacies of the.
NetEase: in 2008, when we see the global economic crisis, Lenovo’s performance is down there. 2010, the economy has also seen some bottom of the case, but we see the association’s performance but increased very rapidly. This problem appeared in the middle, so Lenovo had a big change?
Liu: is that the decline in performance in 2008, I have always said that the financial crisis is actually a fuse, link performance, rather than the explosive barrel. Is already there has been explosive barrel, that means that management problems, cultural problems running. Is not the fuse, with the lack of the financial crisis, sooner or later it is to decline. The tube then is to make the explosives removed, this solid base hit, so even if the fuse there, it would not explode, nothing fried, deep-fried is very small to look at, so the overall comparison of the development good. At the same time, in addition to doing better than us, just our competitors have made a number of related some mistakes it, this is possible we will look better, not all is our own credit.
NetEase: Liu Zong, February 9, 2009, when we NetEase interviewed you, you said at the time only Lenovo Group will be successful when you are out, and now your exit is not that Lenovo Group is successful?
Liu: I think the acquisition of PC was successful. Performance does have a outstanding performance, and the other is Yang really leads a very united, and can be very strong, an international leadership, and a set of methods to develop strategies that can strengthen the implementation of other the whole staff team have a very good values, good corporate culture, the morale of employees, in this case, mainly the back of several of these, I think we should be successful.
to force Liu Yang is assured
Yang, Anhui Hefei, in 1986, graduated from Shanghai Jiaotong University, China University of Technology in 1989 obtained master’s degree in computer science, the same year into the Lenovo Group work. In April 2001, when he was 37 years old as Lenovo Group Yang Yuanqing, president and CEO. Years later, Yang really think on his “Young Marshal” era. As Liu favorite disciple, Yang had aspirations to lead the association for the first time in Asia Pacific PC sales champion, has resisted pressure from all sides to complete the association’s plan cross-border acquisitions, but also in the 2008 “Test Evaluation” to produce a huge amount in loss of the transcript. So the future, Yang will be in the “after Liu era” out of some kind of association of the world?
NetEase: You mentioned several times Mr. Yang Yuanqing, you are once again the banner of this passed Mr. Yang Yuanqing, you think of him and before he has any different?
Liu: he had done a good CEO is the CEO, but he does this, in the culture run, in dealing with this complex relationship, which has a certain lack of experience the Department. Than he and I may like some of my age than he, I go through my cultural revolution, ah, there is just to do business in 1984 when the planned economy and market economy system crash, a lot of very complex environment, etc., In some thoughts here and the next, summed up some experience, so do address these issues, relatively little seasoned than he. And this time, the past few years, he is finally in sight, the business also is chairman of the management to do in this time, also suffered quite a lot of this, these things are for him later in this study to improve, summary have a very big help. This is a few years later, I think he had already a very competent chairman and CEO, and have mastered many things very clear.
NetEase: before you is to upgrade the status of Mr. Yang Yuanqing and your wife to an important degree, and the same. Is how you would have such thoughts?
Liu: No, that day is also being that it arrived at this place. Is this reporter asked, I said Yang is a part of my life. Because a lot of this with me during the development from the start, who fought side by side, are to me, left me a deep memory, can recall a lot of things together with them was how to do together. Yang Yuanqing do this for so many years, is accounted for in my life, a large part. I told my wife is very simple, that is, when we are university students, went to the farm to work, but also through thick and thin. Therefore, in this part of the so-called life, is that when you close your eyes remember when a certain period of life, what this man played what role, if it so come over, that Yang’s importance in my life also very important in such a figure.
train successors a decade earlier decentralization Liu
NetEase: in China’s first batch of entrepreneurs inside, one thing more troublesome problem is to find successors you give other entrepreneurs can learn what is the experience?
Liu: because most of the state-owned enterprises do not find a successor to the existence of this problem, because it is the organization set the thing. Only private enterprises, and private enterprise, probably 10% of this family business for more than half of their general election from the home side to a candidate. Inside as joint-stock enterprises, such as Alibaba Yeah, like this like this, including Mengniu ah what I say is that these companies right. This includes Guo Guangchang Fosun so, Guo Guangchang still young friends, Ma also very young friends, is this business, may have also have this problem of succession. So therefore it, when the succession of time, probably should put this behind this young man who could take over, to make repeated visits. When the meet the basic conditions for the future, but also the top-level officials do not wait until the time come to the final solution, but the time between leaving ten years, they begin to decentralization, so that they go to performance, from which can then be adjusted. Otherwise the last time, and that you feel is inappropriate, you are not even the strength of replacement.
the Kangxi this last died, his sons had the pleasure of this very phenomenon. Actually, Kangxi is a very capable person, and his son inside there are strong, and if early in the reign of Emperor Kangxi in the time, we can allow them to fully come out of this performance, enabling them to take over, so, not The occurrence of the sons to fight this tragedy. Why was Emperor Kangxi not? Or too much like their own hands, his grip of power too tightly. If I had to think long-term development behind, I do not want to hold all the power in their hands, so I can do. Prevent so to do, mainly at the top-level officials is the power and the status of their own views on this issue. If you want this to be particularly prominent his own position, then you will not do that.
NetEase: I want to hear the association has been known to act like a “no family, family business.” Why do not let their children into the business inside it?
Liu: is not known, it is hard to do it in really. The children into the company if there is really a family becomes a family enterprise. This family business benefits of it, is to make people more enterprising, to generations of legend. No advantage is that it will actually hinder the ability of other people in this initiative, or will cronyism. If you assume that their children into this a competition, will be wronged. People outside the leaders will certainly feel this is unfair, and their children will also feel that you suppress him, and so, unless you just clear his succession. I think this child is really capable of it, where you can work, and this association is simply that all of this from the inside to identify a good horse race, complete with a starting point on the run, which would allow more able to have adequate of performance. I believe that I assume is really early non-take his own son, or leaders, those of us old colleagues on here, then the children will live in severe suppression of other people’s enthusiasm.
NetEase: Lenovo is now developed to a size of a large enterprise, there is no thought is to let their children be able to take over businesses?
Liu: No, no. Because now, the young people are doing very good comrade, my children with the business leaders and middle colleagues colleagues and relations are good, we are all friends. I hope they can come to, think sometimes of what is cultural studies, Yeah, I always want them to listen to, through this can improve their management capabilities, these are my wish, but they are not willing to enter into the association which what position.
NetEase: You do not want the children have no hope that you allow him to enter the enterprise?
Liu: My daughter came back from the United States, once said, hoping to give me the translation when the year. She means that while as a translator, while the principal is able to learn from the methods of work, I think this is impossible, so she can give way. Because I was at home inside, sometimes still with them regularly to discuss a number of management methods Yeah, some of these things. Of course, they also want to the inside of the company have a better understanding, but still many opportunities, there are those who think this way will, I will request with this company, ask them also as observers to this participate in something, I think this is enough.
NetEase: In fact, many people want to say to the children their own business, I hope that their ideas can be passed along, the spirit of enterprise can be passed along. What do you think is a successor regime, and is able to own the first generation of entrepreneurs is to continue thinking of a way out?
Liu: First, it is not from the child in the election, with many others in the election, certainly much better reason for this is because there is much wider scope of choice, he really is with people’s moral and to choose the child inside it so a few of it, so it is certainly not as good as a wide choice of this high standard, this is a. This is the platform to have a material incentive platform to that of the future can become the material on this business owner. Another is cultural, spiritual master. That made him really think this company, while I am here plays a major role, Liu was not always work, and be sure to let them have this feeling. Then it is the cultural heritage is very strong this is the company’s vision is what we are working hard for this vision, from now on, I say not only are we below each succession A colleague of mine in this talent to do it. If you really can not do according to this vision, you really can not do according to this culture, three-year swap, you, you will not be able to actually take over this as this position. Therefore, culture is the impression that it will be very deep, must be very realistic vision of marching toward, then there is some force to ensure there is material and so on. Mechanism is guaranteed from the property, do I think will form a mechanism. This mechanism may not be perfect to do now, as said, do not make a family a real family business is not so simple things, that the person selected is not really appropriate, they down the election, to downstream pass was not really going? Do to him here, he is a family into the family business, and that’s not OK, ah, so these things are to go through the test of time.
NetEase: that since it is not their own family, how could call a family enterprise?
Liu: It is a byword, a family business means that a strong sense of professionalism down the tradition, with the words, with the family business to represent this meaning, the meaning is not without a family his last name, blood relations, is no surnames, kinship companies, but also very, dedication as a family business, to run such a business, what it means.
NetEase: us to see your (association) holding the following offices are all looking for a suitable successor, and that (Lenovo) holding that successor, you have considered it?
Liu: have to consider, I just put him is to use the law of Warren Buffett to do the will to do. Buffett said he put his will is made public, not to the temporary re-open before the death of his advance on the public, but does say that he has a three-year adjustment, so who is going to take over our ah, or, is ahead of schedule is open, the top management is open, so it, together with their Hello, everyone. Inappropriate to three years when I adjusted the right to continue to flourish, than to temporarily make a decision that I feel much better. To a temporary decision, if the conflict again if it means the contradiction given to the person behind. It is better to solve early now, so do it very smoothly.
fought field in Xinjiang Liu carrying Holdings For listing
2001, the joint-stock association, with a parent and subsidiary companies are structured. Currently, Legend Holdings as the parent company, has been under the jurisdiction of Lenovo Group, Digital, Legend Capital, Raycom, Hony Capital and six Shenzhou car rental subsidiary. Lenovo Group Chairman Liu left office, he will focus on the business of Legend Holdings. Prior to this, Legend Holdings has repeatedly claimed that the company’s goal is 2014-2016 years, the overall market.
NetEase: You say you want before the main energy is concentrated in the holding after the above, you mean, is holding the market this thing?
Liu: Yes, (Lenovo) Holdings 2014-2016 years to the market. Listed inside the industry to form a number of advanced enterprises, the layout of these things have been, and have been started, but here, while there are many specific work to be done. At the same time there are many young comrades do grasp the person is like Zhu Linan, John Zhao are they doing these things to the. But here while I should put them greater strength and research strategies, research development, research, research culture, and so on. While there are many, many things here to do.
NetEase: that you are controlling the definition of success is how it?
Liu: The last success is holding hope that it can achieve the vision, the vision, the vision is based on controlling industry serve the country as their responsibility, that we are not the only investment made money would be finished, we finally want to make industrial, and then do a respected, trusted company, which means that, for example, faith friends, public good friends, friends of environmental protection, etc., to do a There is more righteous company. Another is to many industries in the inside, inside there are several industries, we have the leader, is leading our own, to become such an international, there is the holding company of international influence. There is a very high international impact of a requirement, because you say what is international impact? Lenovo is now great, and there is international impact? I think it is not, and we want it more, in addition to some large tonnage other than to become a household name, it was still far worse off, and holding farther backward. So many want to work away.
NetEase: Lenovo is IT started, it is now we see it begin to do, such as services, then do agriculture, and many people will feel that this is in fact will be very professional, and that how you look at that it can be very strong in the IT industry, then it can also be very strong in other industries?
Liu: is actually holding just below a number of industries, and now we have successfully done a few industries, and Yang, you can not say that he is not professional, we’ve got an investment company called Hony you heard it? You can not believe that he is not John Zhao professional, right? Zhu Linan called Legend Capital, also in this venture inside at the top, you can not think that he is not professional; Chen Guodong do is the real estate company, he also came in first army inside, and you can not believe that he is not professional ; Guo Wei is designed to do ah software services, systems integration, you can not believe that he is not professional. So everyone is very professional, and that is why? Because I was just holding it above. And each of these people do, as long as selecting the right people, good trades and industries, a good industry, selecting the right person, you give him platform, giving him the motivation of this material and spiritual, as well as the traditional association of the brand, culture, etc., will be equal to his power, as well as adequate funding conditions, then naturally they will be able to form various well fields. Therefore, professional and non professional, loyal and so forth, is conditional, this organization is the first I itself is a subsidiary of it, we are each of their respective companies Well, how unprofessional it? If I am here is a division of the way for me to decide everything, to lead them into the overall strategy I do like this, then it is difficult to do. So it with this form of organization, with a number of conditions are related.
NetEase: We see that with you then conquer the world, many people are beginning to retire and enjoy life. Your retirement you look forward to do what?
Liu: If we are most happy arrangement it, I think it is working now, and the remaining 20%, other times I am even more pleased that loves to do things with these old colleagues sightseeing tour, playing golf, reading friends, watching TV, etc., etc. ah, but then like 20% of the time, keeping in mind this is also highly active, I think it is very good. If course, you also do not need to say that 20% of the time, it is not too old to move, and it is another matter.