Ciscos Strategy In Recessionary Times

Ciscos Strategy in Recessionary Times

The company was founded by a group of computer scientists, who designed a software named IOS Internet Operating Systemwhich could send streams of data from one computer to another The company forecasted that it would face challenges in markets like Asia and Europe too.

At that time, Chambers announced that Cisco would take appropriate action proactively to face the downturn and adjust its strategies according to the changing situation Organization Structure After the crisis inCisco realized that one of the reasons for its problems was its hierarchical structure. According to Chambers, "Inwe were like most high-tech companies, with one or two primary products that were really important to us]

Ciscos Strategy in Recessionary Times - excellent

Added to this continued improvement to customer and supplier relations. This closeness and strength of supplier relations allows Cisco to respond quickly to changing customer and in fact market demands and trends. One of the strategic applications to enable growth and innovation was the use of acquisitions. From to present day Cisco has acquired over companies in a wide range of Information Technology and Networking sectors. This is facilitating gaining and maintaining competitive advantage. However, proving the strength of the management and effective adaptation, Cisco has been able to change their strategy when required and in , after the dot com bubble burst, its highly successful strategy of procurement was abandoned and under the leadership of.

Ciscos Strategy in Recessionary Times - point

Chambers Executive Chairman Background Started in , Cisco went public in Feb and by , the company was featured in Fortune as second fastest growing company in US. In , Cisco acquisition spree begin with the acquisition of Crescendo Communications and after that many more and Cisco extended its product portfolio to different areas. Ciscos Strategy in Recessionary Times.