Core Insights - The article emphasizes the importance of making correct and difficult decisions in business, highlighting that such choices lead to long-term benefits and competitive advantages [1][5][12] - It contrasts different entrepreneurial philosophies, particularly between Ren Zhengfei of Huawei and Liu Chuanzhi of Legend Holdings, showcasing the varying approaches to research and development investments [7][9][13] Group 1: Importance of Difficult Decisions - Making correct and difficult decisions is essential for creating a competitive edge and long-term value, as demonstrated by Huawei's commitment to invest over 10% of its sales revenue in R&D from an early stage [5][12] - The willingness to take risks and invest in innovation is crucial for success in the technology sector, as seen in Huawei's approach during its formative years [12][13] Group 2: Entrepreneurial Philosophies - Ren Zhengfei is portrayed as a transformative entrepreneur who shifted from traditional business practices to innovative strategies, which is rare among Chinese entrepreneurs [3][5] - Liu Chuanzhi's more cautious approach to R&D emphasizes careful planning and gradual growth, contrasting with Ren's bold strategies [7][9] - The article suggests that while both approaches have their merits, the success of Huawei's aggressive R&D strategy has validated its risk-taking philosophy [9][12]