Ingenieur Vol 62 April-June 2015 Ingenieur Vol 62 April-June 2015 | Page 72

INGENIEUR cut company-level globalisation strategies and associated processes and technical specifications, its software products may not be able to process data in certain languages at the same time, and hardware products may not satisfy local environmental, safety, legal, and power requirements. As a result, the company may fail to grasp a lot of business opportunities and lose its competitive edge in certain regional markets. Huawei is now establishing its own globalisation strategies and infrastructure by referring to the globalisation model of some world-leading enterprises. Huawei is developing a global enterprise in a systematic manner, though it is still at the preliminary phase of the globalisation process. A better understanding of the current product globalisation status can help Huawei formulate appropriate strategies and implementation plans for product globalisation, and encourage Huawei to develop global products to meet the demands of the global market and to maximise value for its customers. Huawei believes in today's business environment, where capital, goods, talents and knowledge move so fast across the globe, where information technologies are highly advanced, global companies and local companies are no longer two different types of business, but are becoming one unified concept. Huawei's business practices strive to bring together globalisation and localisation, integrate best global resources to build a global value chain while helping local innovations to maximise their global value. In order to extend global success to local markets, Huawei believes that any global company should understand the unique needs of each individual market and offer products and services that are differentiated according to the respective market needs. On the other hand, in this highlyglobalised economy, local culture, products and services can also be expanded globally in a much shorter timeframe. More and more local companies will have the potential to expand their businesses globally. Huawei believes globalisation is not just about the globalisation of operations and investment. It is more about building a new business mentality and the need to treat the global markets as a single entity. We need to build a global value chain just as we do in an individual market and integrate 6 70 VOL 62 APRIL – JUNE 2015 VOL 55 JUNE 2013 Huawei’s R&D Centre best resources into the global value chain. This way, value created at any one point along the global value chain can be shared globally. Huawei is collaborating with many outstanding companies globally, and Huawei's products and solutions around the world have integrated the capabilities from these partners. Therefore, when Huawei's global business grows, the businesses of Huawei's partners grow as well. This kind of winwin partnership is exactly how Huawei can bring unique value as a global corporate citizen. Practicing glocalisation is the way for the best companies to contribute more, and it is also the way for a country to better leverage its comparative advantages and benefit from a strong global value chain. More importantly, behind these successful practices, there must be an open business philosophy that is deeply rooted in a company, and even in a nation.