Cisco restructures, streamlines operations |
| Network World - May 5, 2011 |
Responding to criticism of its management structure after consecutive quarters of uninspiring performance, Cisco this week restructured operations in an effort to streamline sales and engineering in five key product areas.
Cisco's management structure of boards and councils was instituted in 2007 to make the decision-making process less siloed and more horizontal, and to improve the company's coordination and efficiency in product development.
Lately, however, this structure has come under fire -- most recently for lacking focus, speed and ability to execute -- following quarters in which Cisco's growth slowed. Revenues and profits slumped in both core markets and new markets.
Cisco CEO John Chambers implied there would be changes in a memo to employees last month, and analysts have been calling for Cisco to streamline or even abandon the board/council structure. This week's move is a response to that.
Read Full Article from Network World
- Posted: 2011-05-05 15:09:53
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