Arjun Kharpal: So would you say the US is scared of Huawei? If that happens, we will just sell our products to other countries that do accept us. We support transparent regulation over companies with new technologies, and we are willing to be subject to such regulation. If a single backdoor was found in even one of the countries where we operate, our sales would shrink in all of them. He is frequently quoted as saying that the most important thing to value is the power to think. Since China has become the second largest economy in the world, this relationship has taken new forms in the shape of several business initiatives. Some top military officers didn't understand it, either. October 01, 2018, Source: Every generation produces its own great character, and each exerts impact for hundreds of years. True to this Chinese saying, Zhengfei has indeed proven that he had the influence and insights needed to design the most effective strategies to ensure that Huawei has grown into a world leading company. Add copies before, China Europe International Business School, A Better Way to Manage Corporate Alliances, Primerica: Sandy Weill and His Corporate Entrepreneurs, J. C. Penney: Activist Investors and the Rise and Fall of Ron Johnson, Competing in the Age of AI: Strategy and Leadership When Algorithms and Networks Run the World, Buy 5 - 10 Ren Zhengfei is known for avoiding quick decisions and forcing himself to take time to reflect. It helps reduce many people's workloads. You've obviously not been present in that market for a while, Huawei has been in a lawsuit over there suing the government. What else can we talk about? Effective moments of theater have three important characteristics. As he spent decades building one of the biggest tech companies on the planet, Ren Zhengfei kept a low public profile. If they do, they will buy some of our products. His message resonated throughout the Chinese corporate world; one of the sledgehammers now sits in the National Museum of China. Right now, the support of the Chinese government may not necessarily help our sales, but when the US government criticizes us, it tells the world how great Huawei is. Mr. Ren: As technology develops, the future world will become "winner-takes-all". At that time, China didn't accept Mendel's theories; instead, we followed Ivan Michurin's theories. Mr. Ren: I don't know what the US is after and have no idea how they are going to resolve the trade disputes. However, it kills employees creativity and . I think it's the right thing for them to do. You survived some hardships like famine. Mr. Ren: I don't know. It often makes sense to adopt a stealth strategy rather than a formally declared one and to bring people along gradually, as it starts to prove itself. Photos/ Taddeo Bwambale . I couldn't really get what the market economy was about, so I ended up making a mistake while working for a state-owned company which got me let go. Everyone at GE knew what to expect from Neutron Jack Welch. Zhengfei made this very clear when he said: I do not know anything about technology, but I can bring people together to work for the collective. He is praised for his desire to hire better people in the areas he is weak in, with the ultimate goal to improve the quality of Huawei products and services. People will be afraid of getting trapped there. If they have too much money, they would be obsessed with capital gains. The US is a strong economy and offers many high-quality products. Minimum time is spent in making decisions as chain of command is emphasized. They don't choose certain goods just because a politician says so. Zhengfei is a big fan of the practice of story telling and makes extensive use of it as a vehicle to deliver his ideas to employees in a passionate manner. So I think Trump is a great president, but he didn't consider all the angles when it came to attracting foreign investment. Firstly, being practical instead of seeking after useless fame. In particular, we will build the simplest networks, ensure cyber security, and protect user privacy. The major form of analog control was a proportional-integral-derivative control. Over the next five years, we will invest more than 100 billion US dollars in R&D to restructure our networks. Ren Zhengfei leads Huawei Technologies, one of the world's largest manufacturer of telecommunication hardware and mobile phones. Any one of these things could help them conquer the world. By taking a set of coordinated actions that add up to a strategic change, a leader can kickstart the process without creating organized opposition. Is only slower computing good for us? It will greatly increase productivity. This hurts no one. For me, it was an exciting experience. In his view, it was necessary in the second phase to wear the shoes of the Americans, and if your feet would not fit then we have to cut it. We will comply with European cyber security standards and the GDPR. For example, In the UK, Huawei has put much effort into convincing the British government and general public that they and their procedures can be trusted, by (a) Setting up the Cyber Security Evaluation Centre in Banbury to ensure the quality of their equipment, and (b) Cooperating with the GCHQ, the UKs signals-intelligence agency, to ensure that the networking equipment and software is reliable and secure. Indeed, as the Chinese say: Every generation produces its own great character (Jiang shan dai you ren cai chu) and each exerts impact for hundreds of years (Ge ling feng sao shu bai nian). Along the way he introduced one important innovation: the Clubcard, the UKs first supermarket loyalty card, which allowed Tesco to leapfrog Sainsburys into the number-one retail spot. Get this delivered to your inbox, and more info about our products and services. Then scientists realized the value of genes and DNA. Our relationship with the Chinese government is primarily defined by these two points. So there is no need to worry too much about some comments posted on the Internet. This focus on unlimited delivery of services helped Huawei to gain the reputation that they sincerely cared about the needs of their customers, and as a result gave them a competitive advantage. Terry Leahy steadily worked his way up to become the CEO of UK-based Tesco, one of the worlds largest supermarket companies. This shows that the little rabbit or mouse must have something great to offer. Typically, they've been used in Huawei's products. Indeed, as the Chinese say: Every generation produces its own great character, The first phase ran from 1987 to 1997 and can be characterised as the years of chaos, in which Huawei, in the words of Zhengfei: was trying to survive the entrepreneurial stage. Many will say that the blueprint of Huaweis success has been laid out by Zhengfei and even though Huawei nowadays makes use of a rotating leadership system in which every six months another board member is the acting CEO, its founder still has a significant impact on the pace and direction of the company. Otherwise, they will become overweight and won't be able to move fast. Arjun Kharpal: Do you feel that your military-style speeches empower the employees here? I told him that I didn't actually know that the barriers were so high, and once we had entered the industry, there was no turning back. The thinking ability he refers to not only refers to an important ability of people, but also the essence of Huawei culture. And there is concern that some of these large technology companies just have too much power. Data Analysis Methods Every Business Needs To Know How To Perform, Are You Ready to Lead in a Digital World? We can scale down a little bit. In the fiscal year of 2014 Huawei reached an all-time high sales revenue of CNY288.197 billion (US$46.515 billion) and CNY27.866 billion (US$4.49 billion) in net profit. It does not depend on what Donald Trump has to say. Our strategy for investment is like this: If a technology is still two billion light years away, we may invest just a little money, like a sesame seed. While pursuing this vision, he continuously has proven his ability to design strategies that enabled him to adapt his vision to the challenges that the company faces. Do you think Huawei is at that point yet? But what we've seen publicly is senior officials in the government talking at times on Huawei's behalf. And I don't really care about all that. In many ways the second skill is the more difficult one to develop; most top managers are competitive, and their natural reaction to a challenge is to take it head-on. In phase 2, running from 1997 to 2007, Huawei became more structured by hiring IBM to implement management structures as these were completely lacking at that time. At that time, China was just beginning with its reform and open-up policy, and was paying more attention to technology, talent, and knowledge. True to this Chinese saying, Zhengfei has indeed proven that he had the influence and insights needed to design the most effective strategies to ensure that Huawei has grown into a world leading company across three phases, each lasting about a decade. The Laissez-Fair Leadership Style 1085 Words | 5 Pages They are engaging elements of transformational leadership in which leaders get great illustrations who increased in value, respected, replicated and trusted by subordinates ; . Second, thanks to the Western management approaches we brought in, our operational costs were also kept low. and pay only $8.00 each. He does not only consider this kind of power to be an important personal characteristic but sees it as an essential part of the Huawei culture. They are buying our products in large quantities as the US government is advertising for us. Mr. Ren: I don't know. The university had charged him with increasing revenue and strengthening relationships with the business community while maintaining RSMs high level of academic research. We will not distribute any extra profit to our employees. That creates a kind of balance. So he and his managers smashed the defective appliances. Huawei was not mentioned in any of the negotiation meeting minutes published by the US and China. However, after this change, the effiency gradually increases. Despite this controversy, Huawei received support from both Ericsson and Nokia, stating that in their view Huawei was not dumping its products. Ren Zhengfei's Media Interview After the Opening Ceremony of the Intelligent Mining Innovation Lab in Taiyuan. If a technology is 20,000 kilometers away, we can invest a little more, like an apple. Now we talk a lot about genetic modification, or gene editing. Essential in his idea to compete, however, is that it should be done with respect for its opponents. The law governs what's in between the transaction. As far as I know, Huawei has never been mentioned in any of the China-US talks or in any official news releases. The cost of using a warship is high. Information that flows through the networks also belongs to our customers, not to us. Autocratic leadership: It is also known as pragmatic leadership. 5G made progress. If the Chinese government or any other government ask you to hand over data, how would you react? Arjun Kharpal: What guarantees can you give to customers that their data is safe? A common theme in everything that Ren Zhengfei as a leader undertakes is the ability to reflect, think and act. Mr. Ren: I can't speak for other companies; I have no authority over them, but Huawei will be the first company to comply with this agreement. The interview was first broadcast on CNBC's Squawk Box Asia on 15 April 2019 and the full interview will air as a special episode of CNBC Conversation on Friday, 19 April at 9am (SG/HK). He said recently that could potentially wipe out humanity. It incorporates respectability well and great lead . Is that something you would welcome? On this forum, ideas are communicated frequently by senior executives and Zhengfei and feedback from all 170,000 employees is encouraged. Huawei, one of the biggest company focusing on making communication tools like cellphones, is famous all over the world. Whether or not we can get back to business in the US depends on whether our customers want to buy from us. He said, Those are air bubbles. Really effective leaders learn early to target only important issues and ones they have a fair shot of winning. Over the past century, which countries and companies have made the US scared? We have raised our prices and now many people think Huawei is expensive. What Crisis? The last thing we want is to have bureaucrats or managers lead our way in technology. How do you respond to some of these very, very strong criticisms from governments around the world? Is it your ultimate aim to get back to business in the US market or just clear your name there? Those with organizational intelligence have the following competencies: they can effectively communicate the top strategic priorities, foster an organization-wide sense of how we do things here, get things done even in the absence of consensus, stage moments of theater, and rebel from the top. It was hard times. Purpose-driven Ambition The core of Ren Zhengfei's leadership is the undeniable fact that he is very clear about the purpose of Huawei, which is helping customers to realise their dreams. Tanks can cross a swamp, but needles can pierce hard things through. Use the strengths of your organization to achieve your goals. Last but not least, Ren zhengfei has experiences of serving the army. All references must be sourced to a "CNBC Interview'. The industry had high requirements. Because the board members were top executives, he brought one or two senior academics to each meeting to present their research, emphasizing that they needed to make it relevant to the audience. He has maintained the company as private and his management style has been extremely It's not up to me to designate a successor. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. And its founder Ren zhengfei is thought be be one of the best leader in the business world. Particularly the Silk Road Economic Belt and the 21, His ability to critically reflect on past successes and at the same time to identify the future challenges in the next decade makes Zhengfei an impactful business leader in the eyes of many Chinese.
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