Huawei's Development Strategy for 2019–2022

In the current economic environment, the issue of competition between global companies at the global level is acute. Therefore, it is very important to develop an innovative development strategy, which, as in the case of Huawei, can not only solve the problems of survival, but also take the organization to a new level. Huawei is the world's leading supplier of telecommunication base stations. As a private enterprise in China, the company has great opportunities for successful development, which are built on a set of approaches and concepts. With unique strategic resources, relying on highly competitive industries, the company is developing "internationalization of research and development" to promote technological innovation and development. Innovation strategy is the main element of Huawei's development. Every year, the company allocates large funds to the development of new innovations. This policy defines Huawei as one of the most high-tech and innovative telecommunications conglomerates in the world. Huawei's innovation strategy reveals the features of the company's development based on 5G technologies, and also shows the positive results of the company's development in the field of innovation for the period 2019-2021, defining plans for the coming years in this segment. Huawei is an active participant in innovative entrepreneurship both within China and abroad. An analysis of Huawei's operations and reporting documentation allowed us to identify the main features of Huawei's economic strategy for the period 2019–2022. It was revealed that the company's activities are a striking example of the effectiveness of innovative development policy, which may be important for other participants in the information and communication technology market.