It is so very easy to like John Chambers, Executive Chairman (and previously the high profile CEO) of Cisco. John still has the energy and of a 30 year old and the curiosity of a toddler. John addressed a couple hundred CEOs at the Alliance of CEO’s breakfast meeting last week and shared his vision of future of businesses. He passionately emphasized the role of digitization as a a key competitive strength and differentiator for companies of tomorrow. Here are the 5 key takeaways –
1. Companies should not continue to do things that they are good at, for too long. Transformation is key to continued existence.
2. Not all tech companies of today may live beyond 10 years unless they learn to consistently transform. Doing so earlier, not late is the key to competitiveness and existence.
3. Few forward looking countries are doing a great job at building a robust future for themselves using technology and digital innovation. He reiterated the role of country leaders in driving this and particularly referred to Indian Prime Minister Narendara Modi as a visionary leader in this regard. The Digital India campaign led by Modi is a huge game-changer of the coming decade and should be studied and emulated by countries and corporations alike. Way to go Shri. Narendra Modi!
4. Near death business experiences make you stronger. The experience of surviving through extreme turbulence and volatility must be cherished.
5. There is a direct correlation in doing good karma (aka CSR – corporate social responsibility) and company growth. So continue doing good things, you will benefit doubly. When in doubt – do what is right. Make sure you value your core principles and beliefs and retain them, they will always stand with you in good stead.
Thank you Paul Witkay for your generous invitation and a great session.
Sanjay Bonde – www.bonde-ventures.com