Lenovo 2011 Annual Report Download - page 8

The PC market is expected to experience more and rapid
evolutions in the future. Despite the slow rebound in the
consumer market, Mature Markets have already overcome
the effects of the financial crisis and seen strong momentum
in corporate refreshment demand. The China market is now
exhibiting moderate yet still powerful growth, after continuous
rapid growth in previous years. Emerging Markets (excluding
China) are demonstrating enormous growth potential and
have become the world’s major focus to drive future growth.
The rise of mobile internet products reflects the strong market
demand for the convergence of different personal technology
devices such as PCs and smartphones. This, in turn, is bringing
structural changes and huge opportunities to the market.
WHAT ARE THE PLANS OF LENOVO MOVING
FORWARD?
To address the market changes, the Group has established its
Mobile Internet and Digital Home Group this year. This business
unit aims to extend our business beyond the traditional PC
arena and to capture opportunities globally in the rapidly
growing areas including mobile internet, smart TV, etc., thus
developing Lenovo into a leading personal technology product
company.
The PC business remains as the Group’s core business, and
we must accelerate our growth and expand market share by
delivering quality products to our customers around the world.
Convergence of technologies will however generate new
business opportunities: emergence of innovative products,
mobile internet devices and ecosystem created by a wide
variety of new applications and services, are drawing a whole
new map for future global technological development.
To capture every opportunity in this dynamic environment, we
are fully committed and dedicated to winning for the future. To
realize this commitment, we will continue to invest in research
and innovation, marketing and brand building with an aim
to maintain a balanced development across geographies,
products and customer segments. While strengthening our
core business, we will seek new opportunities to drive business
growth where opportunities present themselves.
We recognize that insights about market dynamics, prompt
response to market changes and solid execution with a
clear vision are crucial to continued growth of a company.
Throughout its history, Lenovo has always been seeking to fulfill
our commitments, to strengthen our businesses and to build a
bright future through decisive actions and living our corporate
culture of “We Do What We Say, We Own What We Do.”
Under the leadership of our CEO Yang Yuanqing, our core
management team draws on their abundant experience,
expertise, wisdom, passion and pragmatic spirit to lead each
of their teams. Given the fact that they represent all of the
functions and business units of the Group and are abreast of
comprehensive information with a big picture perspective, they
will be able to explore and assess a plan thoroughly before
reaching a decision. I have full confidence that they will continue
implementing our innovative yet practical vision and strategies
to create a promising future grounded on today’s solid success,
thus bringing Lenovo to a new stage of development and
greater heights in the years ahead.
Liu Chuanzhi
Chairman of the Board
Hong Kong, May 26, 2011
2010/11 Annual Report Lenovo Group Limited 7