MIT Technology Review, a global technology magazine, named Huawei as one of the 50 smartest companies that show the company’s effect business model around the globe.
According to MIT Technology Review, the evaluators pick the 50 smartest companies based on what the companies did over the last year, what methods they used, and what achievements they made.
The evaluators also check the companies’ core competence with emerging technologies and any breakthroughs and innovation the companies have achieved for themselves, their industries, or even the world.
“Over the past 30 years, Huawei mainly made technical and engineering innovations as well as innovations in solutions based on customer needs. We call that Innovation 1.0. In the future, Huawei will pursue Innovation 2.0, which refers to theoretical breakthroughs and inventions driven by vision” said William Xu, Huawei’s Director of the Board and President of the Institute of Strategic Research.
“Huawei sticks to open innovation and inclusive development. Open innovation means innovating together with global experts. In this process, resources and capabilities are shared. Inclusive development means the fruits of any innovation should be shared and used by all humanity and industries. This can lighten the future of the world and industries.” he added.