The Chinese manufacturer has already sold more than 100 million. What is the secret to success in Huawei’s smartphone? The smartphone this year in the global market. If the high interest in Huawei’s models continues it could become the most successful year for the company. Over the past five years, the revenue of Chinese giant doubled. Analysts expect this situation to continue in 2017. Currently, Huawei is the third-largest smartphone manufacturer in the world, but it has set the ambitious goal to overtake Samsung and Apple. The latest report of TheWallStreetJournal revealed the secret to the success of the company.
WHAT IS THE SECRET TO SUCCESS IN HUAWEI’S SMARTPHONE?
According to biggest reason for Huawei’s growth in the mobile industry are its employees. Dedication of people who work in the company is impressive. Many of them have signed special do-over that allows them to receive extra pay if they work overtime. There are also special bonuses if they sacrifice their days of paid leave to work extra. Employees who have signed a contract may be rewarded with shares of Huawei, according to the company’s success.
Here is the moment to note that Huawei is not publicly traded and owned entirely by its managers and employees. Currently, the company employs more than 170 thousand employees. CEO Ren Zengfray Chinese manufacturer is one of Huawei’s founders and plans to soon retire from his post. The business strategy provides three of the most senior managers to manage a rotation en principle for six months.
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