Almost all companies in the PC industry are not making money, and Lenovo is making money.

Absrtact: In the past 30 years, Liu ran a marathon. Mr Liu has focused on seamless links between external business acumen and internal business acumen. To see the world, to be far-sighted, to live in the present, to be down-to-earth. This is the last 30 of Liu's Lenovo.

For the past 30 years, Liu has run a marathon.

Mr Liu has focused on seamless links between external business acumen and internal business acumen. To see the world, to be far-sighted, to live in the present, to be down-to-earth. This is why Mr Liu's association has been in the pinnacle of Chinese business for the past 30 years.

Liu recently invited 10 entrepreneurs and media to talk about the latest trends, personal confusion, talk about industry, this is Lenovo absorbing external business wisdom of the practice. Liu and academia many people are intimate friends, known to have Zhou, Zhang, and so on, also regularly find some are in the tuyere entrepreneurs, such as Lei, Ma Yun, Horse and so on. What many do not know is that Mr Liu has subscribed to many micro-credit public accounts to learn about the latest industry trends. He has recently appeared in Lenovo Holdings micro-credit "Lenovo Holdings Micro-space", personally with the attention of the account of the person to interact with the topic is he is thinking and business workers are concerned about.

The invitation of 10 friends to chat caused great reaction, one because it is different from the previous tall, there is novelty; second, many invitees pay attention to the development of the Internet industry and express their desire strongly. For Mr Liu, it was a general discussion, a panel on innovation, and countless discussions of innovation-related talks by Mr Liu in the past, with doors and gates open. After the symposium, the outside debate about Lenovo's innovation path is exactly what Mr Liu wants to see.

Ma Yun in the CCTV annual award when once said a word, the effect is: Now the Internet entrepreneurs should be to the traditional industry predecessors to learn, they walked the road, you have not passed; In the future, everyone must go their way, if the Internet companies need to live as long as their company.

In China alone, the controversy over innovation is fierce and inconclusive, perhaps because it is too short a time for Chinese companies to enter a modern business society. There are generally two kinds of opinions, one is pure technological innovation, product innovation, the other is not limited to technology, product innovation, but also includes management, business model innovation. In the present, many people's understanding of innovation is even narrower to the technology and product innovation in the Internet field.

The former is based on technology, which is based not only on technology, but also on business intelligence. Mr Liu's innovation is the latter.

With Millet, 360, Alibaba these internet companies, Liu's Lenovo holdings in the business model innovation has a leading edge, especially in management innovation. "The team, the strategy, with the team," "Turn the Big Bend", "Fu Pan" and so are Lenovo's invention, now has become the mantra of Chinese entrepreneurs.

Lenovo Group, a subsidiary of Lenovo Holdings, is less technologically innovative than some internet start-ups. In an era of technological innovation-driven, it is the problem that the entrepreneur should think about how to combine its own commercial advantages, especially the innovation of management technology. The conclusion may be that there are 30 years of history, through the PC era, the internet age, the mobile internet era of Lenovo, in the business has a thick soil fertile, can continue to innovate, to run long-distance.

Almost all companies in the PC industry are not making money, and Lenovo is making money. Lenovo Group (00992.HK) released the 2014-2015 fiscal year (April 1, 2014 to September 30, 2014) performance, as of September 30 three months, Lenovo Group revenue of 10.475 billion U.S. dollars, the year-on-year growth of 7%; net profit of 262 million U.S. dollars, a year-on-year increase of 19%. In the six months ended September 30, Lenovo Group revenue of 20.87 billion U.S. dollars, an increase of 12%, net profit of 476 million U.S. dollars, the year-on-year increase of 21%.

Lenovo Group is the best practice for Liu's innovation theory, which is now the world's largest PC manufacturer. In a large industry with an annual output value of more than 300 billion dollars, is the largest and most profitable, not a success? In the PC industry this runway, Lenovo Group and international manufacturers are not the same starting line, but in a long-distance race, Lenovo Group is the last winner. In the PC industry, with the sprint theory, Apple is the winner, but Apple is also the first in the PC industry left behind, in the 90 's, Apple has become a market laggard in the PC industry. It's the ipod, the IPhone and the ipad that keep Apple alive again.

The development of an industry, will go through two stages: the initial stage and the mature stage, the initial stage belongs to those daring entrepreneurs, several partners a few guns, a team to open up, such a temporary patchwork of troupes in an industry, sometimes hundreds, sometimes even tens of thousands. For example, the group buys, blue sea fast Red Sea, lucky, run fast will become the devil of this era, but in the mature stage, with a large capital background, rich management experience and business intelligence players will win. Devil belongs to the sprint type, the professional team can finally win, achievement Wang Br.

Paul Krugman, a master economist, once said a well-known phrase: Say good-bye to the little boy in the garage and usher in a new railroad tycoon-by the way, in court. It is clear that an industry will eventually be dominated by brutal business forces, not luck, or tuyere.

In fact, the originator of modern innovation theory Schumpeter there, innovation is system innovation, that is, based on technological innovation, but also based on business intelligence innovation. Back in the US, Apple and Microsoft did not make a landmark breakthrough in technology innovation, and their key technology came from other companies, such as Xerox. Today, the mobile internet era of "triathlon", in fact, early in the PC era, Apple played is triathlon. Microsoft has pioneered the software licensing model, which makes it possible to commercialize software and make the division of specialization in the PC industry possible. In conclusion, the key to the success of Apple and Microsoft is the innovation of business model, not technology.

The Xerox mentioned above is a successful technology innovation company, the writer has always felt that it is a company as great as Apple and Microsoft, but now those "narrow innovators" on the Internet are not interested in Xerox, and are using technological innovations to demonstrate the greatness of Apple, Microsoft, and even Google and Facebook. To say something nice, it's called mistaken, and to be honest, these people are just "successful" disciples who spare no effort to make up for idols.

In China, Millet is also the model of business model innovation, Millet electric business, vermicelli economy, Android Ecological construction is the category of commercial innovation.

Pure technological innovation worship, can not go too far. This is very much like Jin Yong in the "Tianlong eight" said: Mono 72 stunt, nameless monk will quietly put a Buddhist classics, is intended to dissolve Mono strong skills when the accumulation of hostility, but Mono wisdom ignored, and eventually went insane.

Some people say that Liu can not understand the "small time", so Liu is outdated. In fact, I really do not know Lei, Ma Yun, Zuckerberg is not a fan of Guo. Liu said that "do not understand the small time", in fact, is to express the film, the "Small time" fans of curiosity. Mr Liu is in common with younger entrepreneurs in his curiosity about Guo and his "little Times". I'm sure Zuckerberg will be curious as he watches the little times.

The business development of Internet circle is not long-distance running, is the hundred-meter run, pulse-type development, and constantly have a new face, the so-called "King of the Change of Kings", when from the Internet to Mount Ma to become China's richest man, even soon beyond Li Ka-shing become the world's richest man, who still remember, from the Chinese Internet, Chen Flyover, which became China's richest man in 2005, is now selling assets.

People are used to comparing "young people" in the Internet circle to Liu, which is actually less comparable.