After looking at it on my reading list for over ten years, I finally got around to reading Only the Paranoid Survive, by Andrew S. Grove, the former Chairman and CEO of Intel. As I expected, I wondered why I hadn't picked it up sooner.
Grove, an engineer by training and the leader of one of the most successful technology companies of our time, writes in a plain, accessible style. His premise is that, no matter how successful an organization is, sooner or later it experiences a "strategic inflection point," which could threaten its market position or existence. It challenges the organization's most fundamental beliefs and assumptions and causes management to question everything. Worse yet, it can't be predicted, or even recognized until it's well under way.
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