In The Jerusalem Post this past weekend there is an interview with Maxine Fassberg, vice president of the technology and manufacturing group of the giant Intel Corporation and general manager of Intel Israel. Intel is the world's largest chip manufacturer and the employer that was named the Best Place to Work in Israel again this year.
In the eighties and early nineties, people studied Andy Grove (the CEO of Intel at the time) and his innovative management style and techniques. Gordon Moore, of Moore's Law fame, was a co-founder of Intel with Mr. Grove. So, Intel has been a company that we can learn a lot from.
Maxine Fassberg says that Israelis are good at putting out fires, but not good at planning for the future.
Companies need to have their business plan, sure. But, how many Israeli companies have a 3 year or a 5 year plan? I believe that most Israeli companies get distracted by the dynamics of the economy, normal course of business and also some unique bureaucratic issues in Israel.
But, a CEO or senior management in a company needs to remain focused and stick to the plan, if it has been validated and vetted appropriately.
Look at the best companies and learn from them.
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