A couple of quotes from Andrew Grove who died last Monday.
“Success breeds complacency.
Complacency breeds failure.
Only the paranoid survive.”
“A corporation is a living organism; it has to continue to shed its skin.
Methods have to change.
Focus has to change.
Values have to change.
The sum total of those changes is transformation.”
Grove is credited with having transformed Intel from a manufacturer of memory chips into one of the world’s dominant producers of microprocessors. During his tenure as CEO, Grove oversaw a 4,500% increase in Intel’s market capitalization from $4 billion to $197 billion, making it the world’s 7th largest company, with 64,000 employees. Most of the company’s revenues were reinvested in research and development, along with building new facilities, in order to produce improved and faster microprocessors.