Word: groves
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...will solve them at any cost. A fierce competitor, it was Grove who coined the term "Only the Paranoid Survive." Although a takeoff on the famous words of Social Darwinist Herbert Spencer, the phrase--which became the title of his 1994 best-selling book--has become a sort of mantra for the go-getters of the New Economy...
When other computer companies struggled through a slowdown in the U.S. economy and fierce competition from the Japanese in the early 1980s, Grove bucked an industry trend and refused to fire his workers. Instead, he asked them to work harder: more hours, more efficiently and no extra pay. Not exactly Santa Claus--but it worked...
Even so, the economy's slowdown almost killed Intel and led Grove to develop his theory of "strategic inflection points (SIPs)." According to the philosophy, every company occasionally faces do-or-die moments...
...time in the life of a business when its fundamentals are about to change," Grove wrote in his book. "That change can mean an opportunity to rise to new heights. But it may just as likely signal the beginning...
Such an opportunity looked Grove squarely in the eye in the mid-1980s. Intel was attached to its computer memory chips, known as DRAMs. But the company watched warily as the market was invaded by sleeker and cheaper DRAMs manufactured by Japanese competitors who persisted in undercutting Intel's prices, trying to drive the company out of business...