Huawei Technologies – one of 8 recipients of The Economist’s Annual Innovation Awards

Huawei Technologies, China, is the recipient of this award for its ‘corporate use of innovation’. While noting that R&D is the most significant contributor to Huawei’s overwhelming success, it is difficult to believe company statements that over 50% of its staff are engaged in R&D as stated by the company and by a recent report by the Battelle Institute. Perhaps the definition of R&D is different in China than elsewhere. This interpretation might also be the reason why China’s investment in R&D has risen so rapidly in the last few years. While not much information is available on this dynamic company, we identify at least some of the management practices which have made it successful.  Huawei Report Economist Award. Click on the link for our free, brief (4-page) report.