Cisco: Experimenting with Management!

Cisco Systems has overhauled its management structure in order to support 26 new businesses that the company says could soon reach $1 billion each and account for more than 25% of Cisco’s revenue. Now executives work on committees—dubbed councils and boards in Cisco-ese—and the company makes 70% of its decisions collaboratively, up from 10% just two years ago. CEO John Chambers, a veteran of Wang Laboratories, the computer company that famously went bankrupt after it failed to adapt to the rise of the PC, spoke of the dangers of “incremental change” repeatedly during a recent interview. He says large companies begin to slowdown “because they didn’t move out of their primary markets” fast enough.

Source:Wall Street Journal.