Huawei re­veals success mantra

Pakistan Observer - - ECONOMY WATCH - STAFF RE­PORTER

LA­HORE—Huawei is a world’s lead­ing tech­nol­ogy man­u­fac­turer that has recorded nu­mer­ous mile­stone in its 28 year jour­ney. Huawei is among those few busi­ness em­pires that are turned into a multi­na­tional with a very lit­tle in­vest­ment to start. In case of Huawei, Ren Zhengfei had started with just 21000 yuan and look at the $60 bil­lion rev­enue gen­er­at­ing gi­ant to­day. Re­cently, in his talk to a me­dia agency in China, Huawei’s home, the boss has re­vealed his success mantra and left the young busi­ness­men to in­spire with his ap­proach to­wards busi­ness. For Ren the idea of goals, in his own words, are; “Our goal is to blaze a trail into No Man’s Land in the tele­com in­dus­try.”

Huawei has out­grown from the home coun­try and spread across the na­tions and re­gions in a ro­bust fash­ion. To­day, Huawei is not a top in­ter­na­tional tech­nol­ogy brand only, but the tech gi­ant has evolved to be a na­tional brand in most of the coun­tries. Cus­tomers in such coun­tries pre­fer Huawei smart phone and prod­ucts more than any other brand. The con­fi­dence Huawei has given to the con­sumer mar­kets are un­reach­able for the con­tem­po­raries. In the mar­kets across the globe, Huawei is en­gulf­ing shares of once top brands with a great pace and soon it will be the world’s num­ber 1 tech­nol­ogy brand, for sure.

Huawei CEO also ad­mit­ted that the poli­cies of the Gov­ern­ment of China dur­ing the initial years of Huawei turned in favour of the Huawei com­pany. Nev­er­the­less, the heavy tax bur­dens on the com­pany in the same pe­riod con­vinced most of the col­leagues and friends of Ren that he must give up. But, later Shen­zhen de­cided to not to levy taxes on the com­pa­nies un­til the com­pa­nies start earn­ing prof­its. This re­in­forced the ef­forts of the Huawei founder to es­tab­lish stronger foot­ings for the com­pany and to tar­get the tele­com sec­tor with only dozens of em­ploy­ees. Ren said.

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