The European Business Review is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. There's a lot of disagreement, of course, on what the right course of action is in Europe. Consequently, Huawei's performance took a nosedive and employee satisfaction also sank. There was no chance for us to step back and start another business. Just tell me what you think are going to be some of the significant technological developments over the next two years that you see coming. We don't need customers' information. This proves our equipment is secure. As he spent decades building one of the biggest tech companies on the planet, Ren Zhengfei kept a low public profile. When he talks about his skills and qualities he always emphasises that he is not the most knowledgeable. All he cares about is how to thoroughly solve every problem his company meets and how to improve the efficiency of the whole group. 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. I am just taking as a bucket of "glue". document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Mark your calendar for these stimulating events and prepare to be inspired. Typically, they've been used in Huawei's products. Arjun Kharpal: And part of that R&D budget has gone into 5G, into chips, you've got your own 5G chip. The US and Canadian legal systems are open, transparent, just, and fair. This is beyond what anyone had imagined. 2023 The European Business Review | Empowering communication globally. It helps reduce many people's workloads. Beset by internal and external challenges, Huawei needed to completely rethink its approach to business, corporate culture and company management. In fact, we have too many. For that, they need organizational intelligence (OQ), or the ability to get the organization to do what they want it to do. And its founder Ren zhengfei is thought be be one of the best leader in the business world. Get this delivered to your inbox, and more info about our products and services. I don't think we need to worry too much about the adverse impact of this technology. And care must be taken that they dont conflict with the desired ethos. As of February 2019, he had an estimated net worth of US$3.3 billion. They viewed the rat problem as one the company had the responsibility to solve. Autocratic leadership: It is also known as pragmatic leadership. Our subsidiaries in other countries also have this relationship with local governments. And they are generally low-cost and relatively easy to execute. Tian Tao is codirector of Ruihua Innovative Management Research Institute at Zehjiang University. In Europe, we will face some difficulties in the short term, but there will be no impact on our business. We will not distribute the extra profit to shareholders, either. Again, he ties this in part back to their ownership structure:. In-person is back! None. The US government is actually advertising for us in a good way. I would be afraid that they would pull out suddenly and stop doing business with us. Arjun Kharpal: Mr. Ren, as we come to the end of the conversation, I want to focus on your future. So we would never follow anyone's instructions to install backdoors. However, monopolies in these kinds of technologies will benefit the world, rather than harm it. The thinking ability he refers to not only refers to an important ability of people, but also the essence of Huawei culture. | All rights reserved. and pay only $8.25 each, Buy 500 or above Or do you feel sometimes they are intimidated by that style of leadership? President Trump hasn't shared his thoughts with me. We are supportive of this. What did you learn at the time that helped you start Huawei and guide your philosophy? Bringing this emotion-laden message was meant to motivate his own people and eventually to make his R&D people believe that they could one day be better than the researchers at the Bell labs. Ren Zhengfei leads Huawei Technologies, one of the world's largest manufacturer of telecommunication hardware and mobile phones. 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. 5G made progress. Mr. Ren: In a long run, I can tell you clearly that I will retire as I won't be alive forever but in a short term, it depends on my mental agility as I get older. The importance of thinking, in his view, is that it provides the skills to connect the dots needed to work with an agile vision and strategy. 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. Mr. Ren: First, Mr. Yang Jiechi, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made a statement at the Munich Security Conference that the Chinese government always requires Chinese firms to abide by international rules and laws and regulations of the country where they operate, and that China has no law requiring companies to install backdoors or collect foreign intelligence. Otherwise, how can we make ends meet? AI will benefit our society. Enterprises can now transfer their funds in other countries back to the US because of a low tax rate of 12%. If they don't, they might not buy our products. The industry had high requirements. Mr. Ren: I don't know. Mr. Ren: The first time I heard warnings about the societal impact of AI was from Bill Gates and Stephen Hawking. Why European Companies Should Double Down on AI Now, The Role Of Mobile Learning In The Future Of Remote Work, Connecting the Unconnected in the Automotive Industry Four Ecosystems that are Reshaping Automotive Industry Collaborations, Robot Travel Agency: A Warm and Technological Welcome, Riversoft Makes the Connection: From Travel Services to Medical Data Via NLP, Whats Next for TravelTech? Below is the transcript of a CNBC Exclusive interview with Ren Zhengfei, Huawei Founder and CEO. Ren Zhengfei's Media Interview After the Opening Ceremony of the Intelligent Mining Innovation Lab in Taiyuan. At that time, since the number of the employees is limited, the difficulty Ren zhengfei and its group encountered in the human resource management is little. None of the information on this website is investment or financial advice. We support transparent regulation over companies with new technologies, and we are willing to be subject to such regulation. On October 25, 1944,Ren Zhengfei was born in Zhenning County, Guizhou Province.He spent his primary and junior high school in the mountain village near his home. This is thanks to Trump. The major form of analog control was a proportional-integral-derivative control. In total, 300,000 to 400,000 people have joined Huawei, but only around 180,000 people decided to stay. Ren Zhengfei now serves as a deputy chairman of the board of directors. Over the next five years, we will invest more than 100 billion US dollars in R&D to restructure our networks. Data Analysis Methods Every Business Needs To Know How To Perform, Are You Ready to Lead in a Digital World? High-OQ leaders foster an understanding, or ethos, of who we are. When leaders move from managing individuals or small groups to leading entire organizations, they need to create a shared understanding of whats important and what the organization stands for in other words, an ethos. And he left other core aspects of the business, such as steadily improving the retail offer (Every little helps), untouched. Huawei is to a large extent no stranger to this system. If a single backdoor was found in even one of the countries where we operate, our sales would shrink in all of them. And then, once we had established some market presence, we began to build up capital. Arjun Kharpal: Have you tried to reach out to the president to speak to him about it? So it's impossible for me to enjoy the same prestige as Jobs. Collective decision-making ensured that Huawei made fewer mistakes and absorbed collective wisdom, but it also caused rigidity. 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. It is mandatory to procure user consent prior to running these cookies on your website. Mr. Ren: I am not a government official, so I don't know what the governments have talked about. We just wanted to produce some small things that could easily be sold. Why do they accept these things? If the US thinks we can be used as a pawn, I'd say they probably have the wrong person. This is surprising because Huawei has been very active in 2014 and 2015 in securing many partnerships with European firms, ranging from a focus on cloud storage and cell phone applications in security areas. With an "umbrella", Apple sells at high prices and maintains high quality. The country wanted to reform and open its doors. No reviews should be taken at face value, always conduct your research before making financial commitments. But he also has shortcomings. Strong leaders usually have strong views about how things should be done, which can lead them to take on too many fights too early in their careers. Secondly, hes full of enthusiasm and ambition. Like a judo master, you must practice getting the maximum effect from your large organization with a minimum effort on your part: the judicious email, the sharp moment of theater. Not really, we think. Iterative succession must take place in an orderly fashion. The engineering troop I was in was among one of the first troops to be disbanded. I had no idea. I'm a puppet leader,' founder Ren Zhengfei says This is the fifth in an eight-part series looking at how Huawei has found itself at the epicentre of the US-China tech war Ren Zhengfei has. In particular, the emergence of AI has accelerated social progress. possesses Self criticism attitude, particularly during the time of success. Everyone at GE knew what to expect from Neutron Jack Welch. This company philosophy was inspired by the heroic tales of the Glorious Revolution that took place in England in 1688. Arjun Kharpal: Mr. Ren, you talk a lot about the distance between Huawei and the Chinese government. Arjun Kharpal: Would you support similar ideas about no-spy agreements in other countries, including the US? Although he is a billionaire, Zhengfei prefers a low profile lifestyle and even travels on the public transport. In the Qingdao headquarters of the Chinese company Haier stands a display case containing a sledgehammer. Director, CEO Born on October 25, 1944 into a rural family where both parents were school teachers, Mr. Ren Zhengfei spent his primary and middle school years in a remote mountainous town in Guizhou Province. 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