The CEO of F5 Networks is taking his $8 billion company through a tough transition by using lessons he learned growing up under a dictatorship

This story requires our BI Prime membership. To read the full article,Francois Locoh-Donou, the CEO of F5 Networks, is leading the company through a tough transition from a hardware-centric to a software-focused enterprise tech powerhouse.

The movie's about people who loved to chase tornadoes, which was what the F5 founders were essentially doing then, riding the wave of the newly-unleashed World Wide Web by selling data center appliances to help businesses manage their Internet traffic. Nowadays, it's a publicly-traded company valued at some $8 billion.

"If you create an environment where these voices are suppressed, you will fail," he told Business Insider. Locoh-Donou lived in Togo in the 70s and early 80s when the country was ruled by Gnassingbe Eyadema."He basically owned the country," Locoh-Donou said. He ran the country with an iron hand, backed by a powerful military that was loyal to him, and any form of opposition or dissent was repressed"very seriously," he said.

Having more open-minded, engaged leaders, who do not say,"do this because I said so" is also good for business, he said."If you as a leader are not capable of explaining to your team that this is the strategic rationale for why you need to do this, because you don't have enough industry context or knowledge of our business, or knowledge of the customers, and you just say 'I want 'yes' people around me — then for me you are not a leader. You are a task master.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Men with beards are taking a heavy toll on the razor industryProcter & Gamble is blaming its $8 billion Gillette writedown on millennial men who aren’t shaving as much as previous generations. That isn't it. It's your 'male toxicity' shit. Or got wise to the racket that is razor blades. Or because they’re disposable plastic.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Automakers trim production as market weakens – but hope to avoid wholesale cuts of a decade agoIndustry officials, including General Motors CEO Mary Barra, say they learned critical lessons during the last recession and hope to be more proactive this time around. PMOIndia FinMinIndia Why is auto sector a priority-why cannot this be a big opportunity to move to electric vehicles & cycles-this will be reset road crazy development,better airquality,save forest trees &save previous forex to the country- we must let some death of this sector The economy is slowing primarily because of Trump’s stupid trade war with China! If it continues it may cause a global recession! Trump is a moron! Drop the interest rates, & people will buy more cars. It’s not rocket science.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Uber CEO has no regrets about poor IPO, says company still 'not getting through' to investorsUber CEO Dara Khosrowshahi has no regrets about taking the company public, saying investors are not getting it. Dang. I thought he was going to publicly say it was a terrible idea. Of course not he’s getting his $$$ Why would he, they all made a shit ton of 💰 💰 💰
La source: CNBC - 🏆 12. / 72 Lire la suite »