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Essay / Research Paper Abstract
A 4 page paper that discusses Chambers as a leader and some of the changes he made at Cisco Systems. Bibliography lists 5 sources.
Page Count:
4 pages (~225 words per page)
File: ME12_PGchcsc.rtf
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Unformatted sample text from the term paper:
2000 and at that time, Ciscos value was in excess of $500 billion. The Internet, dot.com bubble burst in 2000 and Ciscos value plummeted. Share price dove from $80 to
$11. The company had to lay off thousands of workers just to keep the doors open. Chambers continued as CEO and in 2009, enjoyed his 14th year in that position,
a record for large corporations (Useem, 2009). Chambers was born in Ohio but was raised in Charleston, West Virginia. He earned an M.B.A. in Indiana and was involved in postgraduate
education at IBM. He then worked for Wang Laboratories and became a senior vice-president at Wang. He left Wang in 1990 without a job to go to. This job gave
him first-hand experience in how quickly a company can collapse when a CEO does not keep up with technologies (Useem, 2009). He was hired by Cisco as a senior salesperson
but the CEO believed that Chambers would one day have the top position. Although they suffered some losses, Chambers led Cisco out of the dot.com collapse stronger than ever. He
did so through innovation. Wittmann (2010) said: "While many faulted Chambers for his ruthlessness and penny-pinching, none could deny that Cisco Systems would have been a less dominant company at
the turn of the century without him at the helm. " He was a tenacious leader who was optimistic. The former CEO and Chambers decided they had to expand
Cisco beyond routers and acquired a company that made switches. Acquisitions is one of Chambers modes of leadership. And, when Chambers took over, he was determined to provide customers with
a one-step shopping experience, a company where they could get a "full array of data solutions" (Wittmann, 2010). This narrowed their competition. Chambers later decided that Cisco had to get
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