Can Two Such Different Companies Find Success In Today?s Market? :: essays research papers fc

Only a few years ago, cisco Systems was a struggling union who only the technologically educated had hear of. Today, Cisco Systems ranks as the number unmatched or two partnership in most Internet technology. Anyone using the Internet today, will aim one scope or an new(prenominal) of Cisco Systems. The driving core behind Cisco is their visionary chief executive officer, John Chambers. How does a man who is dyslexic and doesnt understand much of the technology his company makes become so successful in the Internet age? He believes in empowering his employees and surrounds himself with hoi polloi who do have the technical knowledge. Chambers believes in acquiring companies at an alarming rate to either acquire new technologies or the teams of tribe who are developing the new technologies. This saves Cisco money and time allowing it to live on the way in the Internet world instead of playing adopt up. Chambers also believes in education as a major player in the future su ccess of not only his company, merely for the entire country. His vision of doing it first, before the competition, has built Cisco Systems into the giant of the training technology field it is today. Chambers wants Cisco to be the number one or number two company in any area they compete in. If that is not possible, Cisco will not compete in that area.John Chambers took over as CEO of Cisco Systems in 1995. Since his rise to power, Cisco has sustained a growth rate degree centigrade% per year. mavin of the reasons for this growth is the kind of people Chambers keeps himself surrounded with. One example of this is Howard Charney, a senior vice-president at Cisco. Charney could be a CEO at another company if he wanted to be. He was co-inventor of the Ethernet and because founded the first 100 megabit-per-second Etehrnet company. Charney later sold the company to Cisco and stayed on with the company. He says he stays because Chambers treats him as an equal and not as an employee. Chambers asks the advice of his officers instead of dictating to them and that is one reason they stay with the company instead of leaving for the competition. Many of the officers at Cisco have worked for other profitable companies in the information technologies field such as Wang, 3Com, and so forth This experience coupled with Chambers vision of being the company in the lead helps Cisco stay in the forefront of technology.