The rise of the frugal innovator
Having conquered the global market for personal computers, China’s Lenovo is setting its sights higher
May 24th 2014 | HONG KONG | From the print edition
“LENOVO is the best company in the world at balancing innovation and efficiency.” So declares Yang Yuanqing, the chairman of the Chinese computer-maker. The boast is at least half right. The firm has certainly displayed its ruthless efficiency of late, by keeping costs down and grabbing market share from its big Western rivals. Lenovo has recently bested HP to become the top peddler of desktop computers worldwide. From a negligible share a few years ago, it is rising fast in the global smartphone market too. Read more of this post