Lenovo 2009 Annual Report Download - page 11

2008/09 Annual Report Lenovo Group Limited
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• Our commitment to driving customer value through
innovation continued, exemplified by the release of
the ThinkPad X301, and dozens of other award-
winning products.
• The IdeaPad S10 rapidly gained share in the entry-
price netbook PC category and brought about
significant wins in key education accounts around
the world.
• Our efforts at the Beijing 2008 Olympic Games were
recognized in an analysis conducted by the GLM
TrendTopper™ as the most effective leveraging
by any sponsor, helping to continue raising global
awareness and brand stature.
Lenovo’s strategy has likewise been 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