Len­ovo CEO hon­ored with in­no­va­tion award

China Daily (Canada) - - FRONT PAGE - By CHEN JIA in San Fran­cisco chen­jia@chi­nadai­lyusa.com

Yang Yuan­qing, chair­man and CEO of Len­ovo, was pre­sented the Edi­son Achieve­ment Award, the first per­son from Asia to re­ceive one of Amer­ica’s leading in­no­va­tion awards.

The award is given to cor­po­rate lead­ers who serve as an in­spi­ra­tion to fu­ture busi­ness lead­ers and in­no­va­tors.

Join­ing Yang as a 2014 hon­oree was Elon Musk, CEO of Tesla Mo­tors and the CEO/ CTO of Space X.

“The gene of in­no­va­tion could be found in many Sil­i­con Val­ley com­pa­nies, and it could be found in Len­ovo as well,” Yang said on Wed­nes­day night at a black-tie din­ner at the Mer­chants Ex­change Build­ing in San Fran­cisco where he and Musk were hon­ored.

“We know the true in­no­va­tion is not about the in­ven­tion. It’s about a sys­tem which can en­sure con­tin­u­ously tak­ing risk to de­velop tech­nol­ogy and to de­fine the new cat­e­gory of prod­uct,” Yang said. “It must be part of your strat­egy, part of your busi­ness model and part of your cor­po­rate cul­ture. So this is how we make in­no­va­tion and keep our com­pet­i­tive ad­van­tage.”

“We con­tinue to in­no­vate, this is the re­quire­ment of our cus­tomers, busi­ness part­ners, in­vestors to us in the fu­ture,” he said.

From the stage Yang en­gaged in an talk with the au­di­ence, which in­cluded Musk.

“I talked with you (Musk) two weeks ago, and I know I still owe you a Len­ovo note­book. But I prom­ise you will get it very soon,” Yang said.

“I might have to be­come your Tesla cus­tomer very soon as well. But I want to come to you with a good treat, so you could take a hun­dred tablets…to make the deal even,” he said.

Bei­jing-based Len­ovo is a Chi­nese multi­na­tional com­puter-tech­nol­ogy com­pany with a US branch in Mor­risville, North Carolina. In ad­di­tion to be­ing the world’s No 1 PC maker, its prod­ucts in­clude tablet com­put­ers, smart­phones, work­sta­tions, servers, elec­tronic stor­age de­vices, IT man­age­ment soft­ware and smart tele­vi­sions.

Dr Paul Ja­cobs, the ex­ec­u­tive chair­man of Qual­comm and a past Edi­son Award re­cip­i­ent, pre­sented the award to Yang.

He said the Edi­son Achieve­ment Award rec­og­nizes and cel­e­brates Yang’s con­tri­bu­tions to hu­man-cen­tered de­sign, the value and dif­fer­en­ti­a­tion that he has cre­ated, the pos­i­tive in­flu­ence he has had on ex­ist­ing, new and emerg­ing mar­kets and the im­pact he has had on the world.

“He (Yang) runs an in­cred­i­ble or­ga­ni­za­tion and he is an in­cred­i­ble in­no­va­tor him­self,” he said. “It’s good to see Len­ovo come to the high-end of the mar­ket.”

Ja­cobs called Len­ovo an in­cred­i­ble startup: the No 1 PC maker world­wide and with more $5 bil­lion in ac­qui­si­tions this year; the No 4 smart­phone maker glob­ally and No2 in China.

The Edi­son Awards

are named af­ter Amer­i­can in­ven­tor Thomas Alva Edi­son. Be­fore he died in 1931, Edi­son patented 1,093 of his in­ven­tions, in­clud­ing the in­can­des­cent elec­tric light bulb, mi­cro­phone, tele­phone re­ceiver, uni­ver­sal stock ticker, phono­graph, stor­age bat­tery, elec­tric pen and mimeo­graph.

The Edi­son Awards were es­tab­lished in 1987 by the Amer­i­can Mar­ket­ing As­so­ci­a­tion, but since 2008 the awards have been a pro­gram of Edi­son Uni­verse, which is fo­cused on fos­ter­ing in­no­va­tion.

Nom­i­nees for the awards are judged by a panel of more than 3,000 leading pro­fes­sion­als from the fields of prod­uct de­vel­op­ment, de­sign, en­gi­neer­ing, sci­ence, mar­ket­ing and ed­u­ca­tion.

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CHEN JIA / CHINA DAILY

Ex­ec­u­tive Chair­man of Qual­comm Paul Ja­cobs (left) pre­sents the Edi­son Achieve­ment Award to Yang Yuan­qing, chair­man and CEO of Len­ovo, in San Fran­cisco on Wed­nes­day. Yang is the first per­son from Asia to re­ceive one of Amer­ica’s leading in­no­va­tion awards.

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