IN HIS book, “Giants of Enterprise”, Richard Tedlow of Harvard Business School argues that America has an extraordinary ability to produce business titans. Italy produces a disproportionate number of great opera composers, he writes, and Russia an abundance of great novelists. America’s unique genius lies in nurturing business heroes. Whether this remains true in the future as American capitalism becomes mired in red tape, protectionist pressure mounts, and business dynamism shifts to the emerging world, is open to debate. But Andy Grove certainly stood squarely in this great tradition.
Just as Andrew Carnegie helped to usher in the steel age and John D. Rockefeller the oil age, Mr Grove, Intel’s former boss, who died this week, helped to bring about the computer age. And just as Carnegie and Rockefeller worked their magic by building organisations rather than inventing new products, Mr Grove, though a brilliant technologist, worked his by building Intel from a startup into the world’s dominant semiconductor firm. Like Carnegie and Rockefeller, he built huge plants employing thousands; but whereas they flaunted their wealth and power, Mr...Continue reading
Source: Business and finance http://ift.tt/1LEK01w
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