Revitalization of Cisco Empire.docVIP

 PAGE \* MERGEFORMAT 6 Revitalization of Cisco Empire In 2001, the first few weeks, optimistic CEO John Chambers (John T. Chambers) in the thinking, the network giant Cisco how should gracefully escape the catastrophe of this technology do? He was twice summoned his right-hand man to discuss our response, and flatly rejected their proposal - for the first time in the company’s history layoffs. However, the two-week business trip to the world’s Chambers in the March 8, 2001 and made enough to shock at Silicon Valley’s decision. Because one after another customer told him that they are cutting spending, and eventually he had to bow to reality, the company decided to conduct a thorough overhaul. He slept one night, at home, stepped on the bicycle for hours. ‘I’m just riding a mechanical riding呀 ah, repeated a number of options, where appropriate. ‘He said,’ 4:00, I decided to 6:30 in the morning held a meeting convened by senior managers. ‘ This is Cisco’s history, the last time with an extraordinary significance. Chambers and his senior managers made the unusual decision - lay off 8,500 people, 15% reduction in salary. ‘This is my life doing the most difficult decisions. ‘He said. 9:30 am, in his monthly staff birthday birthday breakfast meeting organized by the announcement of the news. ‘He has a strong sense of guilt, but how can he do? ‘, Former chief information officer Peter Solvik said,’ After that year, he has been very depressed. ‘ How much time, the changes brought about? November 5, 2003, when Cisco announced its quarterly report, Chambers has finally resumed its former happiness. His emotional transformation and Cisco’s performance through meaningful: the company’s profit rose 76% to reach 1.1 billion U.S. dollars this quarter, sales reached 5.1 billion U.S. dollars, and created in January 2001 since the highest on record. Because the steady flow of orders coming, it is expected this quarter, Cisco’s claim that there is 9% to 11% performance increa