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  <title>Cisco’s CEO on staying ahead of technology shifts</title>
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   <publisher>Harvard Business School Publications</publisher>
   <dateIssued>May 2015</dateIssued>
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  <extent>p. 35 - 48</extent>
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 <note>In his&#13;
youth Chambers had no interest in technology—until an IBM recruiter suggested&#13;
that he think of it as a tool for helping customers transform their businesses.&#13;
Then stints at IBM and Wang taught him that even great companies are imperiled&#13;
if they miss a market transition, such as the shift from mainframe computers to&#13;
minicomputers or from minicomputers to PCs. In the 20 years since he became&#13;
Cisco’s CEO, a whole series of transitions have occurred in the kinds of&#13;
technology companies rely on and in how organizations consume solutions.&#13;
Anticipating those transitions and getting ahead of them has driven Cisco’s&#13;
evolution from routers and switches to mobile and video technology to&#13;
application-centric infrastructure and cloud computing. The company has three&#13;
ways to adapt. (1) If it sees a shift early enough, it develops the new&#13;
technology in-house, as part of the traditional R&amp;amp;D process. In addition,&#13;
its Entrepreneurs in Residence program financially supports and mentors&#13;
early-stage entrepreneurs working in areas where Cisco sees huge potential,&#13;
such as big data analytics and enterprise security. (2) It may make an&#13;
acquisition—as it has done 174 times. (3) It may use a “spin-in,” assembling&#13;
some engineers and developers to work on a specific project outside the&#13;
company, as if they were at a start-up. “You have to be bold,” Chambers writes.&#13;
And you need “a resilient culture with an appetite for change.” [ABSTRACT FROM&#13;
AUTHOR]&lt;br&gt;&lt;br&gt;&lt;br&gt;</note>
 <note type="statement of responsibility"></note>
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