Conclusion

 Conclusion

Lenovo headquarters is in the Haidian district, Beijing and its founder is Liu Chauanzhi founded on Nov 1, 1984. The current CEO of Lenovo company is Yang Yuanqing since Feb 5, 2009. Lenovo’s goal is to become the number 1 technology company in the world they seek to achieve this success by taking care of quality and innovation. Lenovo’s rank is 159 in the world on the fortune global 500 lists. Also, The company ranks fifth out of 10 global companies in the broad computing industry category. Lenovo has multiple products such as laptops, tablets, workstations, desktops, smart devices, and other Lenovo systems and services.  The bargaining power of customers in the technology industry is high as there is less differentiation between products in the technology market, we note that laptops produced by companies such as Lenovo, DELL, and Apple have similar features. Nevertheless, Lenovo has managed to maintain its share of the PC market through innovation, competitive pricing, and better offers to its customers. The laptop market contains high-quality products from leading companies in this field such as Lenovo, Samsung, Apple, and Dell. At the present time, Lenovo's rating has declined, and competitors Dell and HP, which are very famous in the market, occupy the first position in the rating as the best laptops. One of the most important things in Lenovo is the information system. This system consists of 5 components and each one is very important, these components are hardware, software, data, procedures, and people. The reason behind the success of Lenovo company is because it improves each component of this system and makes it easy to be used by the customer.

Comments

Post a Comment

Popular posts from this blog

Links and Sources

 Abhijeet Pratap, "Lenovo Five Forces", Notesmatic, April 16, 2017, Retrieved June 5, 2022, from https://notesmatic.com/lenovo-five-forces/ MBA Skool Team, "Lenovo Porter Five Forces Analysis", April 23, 2022, Retrieved June 5, 2022, from https://www.mbaskool.com/five-forces-analysis/companies/18383-lenovo.html Engadget, "The best and worst laptop brands 2018", "April 28th, 2018", Retrieved June 5, 2022, from https://www.engadget.com/2018-04-28-best-and-worst-laptop-brands-2018.html Sherri L. Smith, "Best & Worst Laptop Brands 2020", September 17, 2020, Retrieved June 5, 2022, from https://www.laptopmag.com/features/laptop-brand-ratings Macrotrends, "Lenovo Group Revenue 2010-2021 | LNVGY", (n.d), Retrieved June 6, 2022, from https://www.macrotrends.net/stocks/charts/LNVGY/lenovo-group/revenue Yahoo Finance, "Lenovo Group Limited (LNVGY)", (n.d), Retrieved June 6, 2022, from https://finance.yahoo.com/quote/LNVGY?...
Read more

Business Strategy

Image
Business Strategy Porter's Five Forces   Bargaining power of Lenovo customers:     Medium The bargaining power of customers in the technology industry is high as there is less differentiation between products in the technology market, we note that laptops produced by companies such as Lenovo, DELL, and Apple have similar features. Nevertheless, Lenovo has managed to maintain its share of the PC market through innovation, competitive pricing, and better offers to its customers. Bargaining power of Lenovo suppliers: Low The laptop market is very large and has many suppliers, so Lenovo buys small individual parts from its suppliers. Lenovo deals with a limited number of suppliers, and this ensures that it obtains high-quality resources, on time, and at a low price. The threat of substitutes from products: Average The laptop market contains high-quality products from leading companies in this field such as Lenovo, Samsung, Apple, and Dell. Therefore, Lenovo striv...
Read more

Analysis

Image
    Business Processes Business operations are one of the steps taken to determine the type of business operations that are compatible with the overall objectives of the company.  Business operations refer to the various day-to-day activities in which a company is involved such as manufacturing and supplying products to increase their value and profit margins.  Below is a brief analysis of SILO information, information system components, social media, and social capital for Lenovo. Information SILO An information silo system is used to manage information and is unable to communicate freely with other information management systems.  The communication within this system is always vertical, so it is difficult for this system to interact and work with other systems that are not connected to it.  As a result, Lenovo partnered with the SUSE CaaS Platform to operate the SAP Data Hub and this alliance resulted in breaking Lenovo's data silos to periodically discov...
Read more