When Your Business Has Nowhere to Hide
Written by Daniel Goleman on June 29, 2009 – 11:28 am -Only the Paranoid Survive was the title of Andrew Grove’s candid account of the years he headed Intel, leading it from a small maker of computer chips to the ubiquitous microprocessor found in computers everywhere. Grove’s account resonates with these grim economic times, particularly his warnings about the “Valley of Death” companies can face when hit by unexpected disaster.
For Intel, two valleys included the release of a faulty product that cost half a billion dollars to recall and replace and, second, being blindsided by competitors from Japan who were quietly taking over the chip industry, Intel’s main product line at the time. Today companies everywhere face a valley of death, and we are still hearing of the fatalities.

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