The President & CEO of Intel the worlds largest chip maker reveals how to identify & exploit the key moments of change in any industry that generates either drastic failure or incredible success. Under Andrew Groves leadership Intel has become the worlds largest computer chip maker the 5th most admired company in America & the 7th most profitable company among the Fortune 500. Few CEOs can claim this level of success. Grove attributes much of it to the philosophy & strategy he has learned the hard way as he steered Intel through a series of potential major disasters. There are moments in any business when massive change occurs when all the rules of business shift fast furiously & forever. Grove calls such moments strategic inflection points (SIPs) & he has lived through several. They can be set off by almost anything
- by mega competition an arcane change in regulations or by a seemingly modest change in technology. They are not always easy to spot
- but you cant hide from them. Intels first SIP was when the Japanese started producing better-quality lower-cost memory chips. It took Grove three years & huge losses to recognize that he had to rethink & reposition the company to become once again leader in its field. Grove extrapolates the lessons he has learned from this & other SIPs
- for instance the drama of the Pentium flaw & the SIP brought on by the Internet
- to reveal a unique insight into the management of change. He recounts strategies from other companies & examines his own record of success & failure. Only the Paranoid Survive" is a classic lesson in leadership skills that every manager in every industry will benefit from. Every manager must assume that something will change
- very soon."