Andrew Grove’s accomplishments are on record. The Hungarian refuge is credited with having transformed Intel from a manufacturer of memory chips into one of the world’s dominant producers of microprocessors. During his time as CEO, Grove oversaw a 4,500% increase in Intel’s market capitalization (from $18 billion to $197 billion), making it the world’s most valuable company at the time.
But according to Nightly Business Report Presents Lasting Leadership: What You Can Learn from the Top 25 Business People of our Times, it would be a mistake to look at those numbers and think that Grove’s rise was without its pitfalls. In a sample chapter from this book about the lessons top leaders offer, some of Grove’s career obstacles are outlined:
At a time when Intel was facing a crisis of mammoth proportions-triggered by Japanese inroads into the company’s core market of memory chips in the mid 1980s-he discovered an underserved market and rejuvenated the business. A decade later, confronted by another severe disaster involving a flaw in its Pentium microprocessors, Grove was forced to recognize how market conditions had changed. He was able to build the Intel brand (through the famous “Intel Inside” campaign) and used his savvy in managing risk to steer the company clear of antitrust regulators.
For more about Grove and other leaders and what you can learn from their examples, click here to download a free sample chapter of the book.