Success Story Of Huawei

BY

INFOCLUTCH | AUGUST 13, 2019


Ren Zhengfei’s famous slogan “we shall drink to our heart’s content to celebrate our success, but if we should fail let’s fight to our utmost until we all die” was a motivation for its employees in contributing their best for the company’s growth story.

Success Story of Huawei

Huawei’s Mission, Vision & Objective

Providing the best ICT solutions and creating maximum value for the customers

To enrich life via communication

To become the top ICT vendor across the world

The company was founded in 1987 by Ren Zhengfei

The mission of the company was to provide consulting and operation services to the enterprises in China

It started off as a sales agent and produced private branch exchange switches

The company got into R&D within a few years

R&D of the company is spread in UK, Canada, Sweden, Ireland, Russia, and others

Breakthrough was in 1993 when it launched C&C08 program controlled by the telephone switch

In 1994 it gained the contract for building the national telecommunications network

In 1999 opened an R&D center in Bangalore, India for developing the telecom software

By the year 2010, almost 80% of the premium telecom companies worked with Huawei

Huawei’s Path to be a Billionaire

Minimizing Management Cost: Managed to cut down the costs as both employees and managers worked from a small office which served as a dormitory as well as kitchen

Ensuring High-Quality Output: Huawei ensured that the output is of high-quality which the other Chinese companies completely ignored

Worldwide Market Expansion: From the year 1996-2000, Huawei spent around US$150 million on the transition.

Employee Dedication: Every employee in Huawei is given freedom for the development of the company motivating them to become more competitive

Customer First-Attitude: Huawei’s employees have a customer-first attitude where they give priority to their customers over their boss.

Decision Making - Slow & Steady: Ren Zhengfei is known to analyze in detail before going ahead in any decision. The company gives importance to the power of thinking, a valuable policy for the company’s philosophy.

Long-term Thinking: The long-term thinking of the management with the policy employee ownership arrangement helps in retaining the Huawei’s dedicated employees

Achievements

Awarded with “European Consumer Smartphone 2015-2016” by the EISA

It's the first Chinese company to be ranked in Interbrand’s top 100 best global brands in 2015

It was positioned 16th in the “Global Top 100 most valuable brands” by BrandZ in 2015

Huawei focusses on Sustainability through

1. Digital Inclusion

It wants technology to be accessible for all

Customized ICT applications for a thriving ecosystem

Wider and easier connectivity for all

2. Security

Privacy protection

Cybersecurity

Supporting network stability

Transparency

3. Harmonious Ecosystem

Care for the employees

Risk management

Community responsibilities

Supply chain responsibilities

Business ethics

4. Environmental Protection

Green operations

Green product

Green world

Green partners

Where Huawei stands today?

Huawei’s worldwide revenues were $105.1 billion in 2018, and in Q1 2019 revenues were at US$26.76 billion.

Huawei’s mobile vendor market share in Europe in July 2019 was 17.75%

Huawei as the second-largest phone maker, had a net profit margin of 8.7% on 401.3 billion Yuan of revenue, which is $58.3 billion, for the first six months in 2019.

The next product of Huawei- It will release a cheap phone powered by its Hongmeng OS by the end of 2019.