CISCO CEO John Chambers presentation given to MIT was during the recent recession felt around the globe, but especially hard here in the US. The first thing Mr. Chambers discusses is how companies or a nation should deal with a recession. The most important question is actually a statement in my opinion and that deals with being ready to hit the next recovery period running and with a plan. He also asks a question of who likes change and which is more important to a company, innovation or operational excellence. He makes the point to the audience that both are equally important for success in the long run, especially in the 12-18 months after a recession. This is where he brings a term called sustainable differentiation as it relates in how to make yourself different and more viable from your competitors.
Mr. Chambers states that it is far more important to get market transitions right then competing directly with your competitors. He believes that change is everywhere, and you need to be prepared or get left behind. He also stated that his organization functions better when they utilize a functional committee vs. a typical organizational committee. His main points all relate to how CISCO is performing and is ready for the next wave if technology. One of his main points seemed to focus on the two words, speed and skill. Being ready and being prepared and being adaptable will bring success if you are ready for it.
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