Cisco Systems, Inc. was incorporated in 1984 in California’s Silicon Valley. The idea for this company came about when two Stanford University employees, a husband and wife, tried to figure out a way to stay connected throughout the day and had to overcome the technological inability to send e-mail from one building to another (“Cisco overview,” n.d.). The couple designed a multi-protocol router to communicate across campus (“Cisco overview,” n.d.). The company’s primary goal was to transform the way that people connected. Since its inception, the company has expanded its operations on a global scale, employs approximately 71,825 employees and identifies itself as “The Human Network” (Cisco Systems, Inc., 2011). A strategic audit of Cisco has revealed that the company has impressive financial performance, a well-established external and environment, and is able to identify opportunities and mitigate threats. However, there are some key strategic factors that must be addressed for Cisco to continue to be a trailblazer in its industry. Cisco’s financial performance for fiscal year 2011, revealed the company’s strengths as well as its weaknesses. Cisco has more than doubled its revenue since 2002, increasing from $18,915 to $43,218 in 2011 – up 8% from the previous year (“Cisco Systems, Inc.” n.d.). Additionally, the company used cash from operations to buy back stock and issued $658 million in dividends (Cisco Systems, Inc., 2011). The company also instituted cash dividends plan to pay shareholders quarterly (Cisco Systems, Inc., 2011). In 2011, Cisco was able to increase their research and development budget by $550,000 to expand their innovative efforts (Cisco Systems, Inc., 2011). However, Cisco did have some weak areas of ... ... middle of paper ... ...http://campustechnology.com/articles/2011/10/31/what-is- the-cloud.aspx Rao, L. (2011, April 12). Cisco to shut down flip video camera business; Will give pink slips to 550 employees. Tech Crunch. Retrieved from http://techcrunch.com/2011/04/12/cisco-to- shut-down-flip-video-business-will-give-pink-slips-to-550-employees/ Simons, J. (1996). A new route to riches. U.S. News & World Report, 120(8), 58. Welcome to the Cisco blogs (n.d.). Cisco. Retrieved from http://blogs.cisco.com/ Whitworth, B. (2011). Cisco celebrates open communication. Communication World, 28(4), 29. Wildstrom, S. H. (2009). Cisco pushes further into consumer territory. Businessweek Online, 15. Will Cisco's "telepresence" kill business travel? (2009, April 13). The Economist. Retrieved from http://www.economist.com/blogs/gulliver/2009/04/will_cisco_telepresence_kill_business _travel_dead
The quests for gold at the end of the rainbow, the hopes of thousands to one day live the fabled American Dream. Worldwide, everyone who is capable looks for their chance to strike it rich. Some of the most successful people today, such as Apple’s Steve Jobs and OK! Magazine’s Richard Desmond, have risen from tough backgrounds (Serafina). Growing up in abject poverty, these individuals found ways to push past the glass ceiling in their respective fields. Interestingly, many of them share similar obstacles on their way to the top.
Poole, Keith. “Entrepreneurs and American Economic Growth: Cornelius Vanderbilt.” VoteView.com. Accessed December 7, 2011. Last modified 1997. http://voteview.com/.htm.
Cisco Designs, manufactures, and sells Internet Protocol (IP) - based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. The company provides products for transporting data, voice within buildings, across campuses and globally. The products are utilized at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco conducts its business globally and manages its business geographically. Its business is divided into the following three geographic segments: The Americans; Europe, M...
Cisco faces intense competition in the networking and communications equipment markets (Cisco Systems Inc. SWOT Analysis, 2013).Cisco also faces price competition from rival competitors in Asia, mainly in China. The company also faces competition from customers to which it licenses or supplies technology. The nature of networking requires partnerships; the company must cooperate and at the same time compete with many companies to achieve its objectives. The inability to effectively manage these complicated relationships with customers, suppliers, and strategic alliance partners may have an adverse effect on Cisco’s business. Intense competition will continue to impact Cisco’s operating results, financial condition and market shares of the company in the future (Cisco Systems, Inc. SWOT Analysis, 2013).
... warn them about their future in the financial market. Even though Miller wrote this novel in 1991 about the trends of the 1980s, the graphic novel is still current today. In fact the distribution is even more skewed then it was 20 years ago. “As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers)” (Domhoff). This data shows that we should be extremely worried about the trend of the distribution of wealth in the United States. A more equal distribution is healthy for average citizens because it allows us to thrive in an environment which gives us more opportunities to move up in the economical society.
Stanley, Thomas J., and William D Danko. The Millionaire Next Door: The Surprising Secrets of America's Wealthy. Atlanta, Ga.: Longstreet Press, 1996.
Cisco is an American corporation that manufactures and sells networking equipment. They strive to be honest and have the highest integrity of any company. To have that title for a company, there must be rules and regulations to make everything run smooth. They have to be loyal, follow the law, and keep great financial records. They also have to know how to avoid employee, shareholder, and business partner misconduct in order to keep their great reputation.
Jr, Henry Louis Gates. "Forth Acres and a Gap in Wealth." New York Times (2007). Print.
Warshauer, Matthew. "Who wants to be a Millionare?." American Dream. (2002): n. page. Print. < http://www.americansc.org.uk/online/American_Dream.htm>.
IBM says that the problem is because of the rapid expansion of information and technology we as humans cannot keep up with the increase. Access to information is becoming rampant through the creation of wireless and handheld devices. These devices need a standard of production and connection to provide the greatest effect. IBM’s solution is a computer network that is “flexible, accessible, and transparent.” (The Solution, IBM Research) The system will...
Guyon, J. (1997, August 4). Why is the world’s most profitable company turning itself inside out? Fortune, 136(3), 120-125.
William Sharpe, Gordon J. Alexander, Jeffrey W Bailey. Investments. Prentice Hall; 6 edition, October 20, 1998
You would not buy a home, car or other large purchases without researching what product offered you the most for your money. The same is true when investing in a company. Investors do avid research on multiple companies to find what company matches the investors' criteria. In this paper Team C will research both AT&T and Verizon's financial documents. Team C will compare selected ratios, cash flow and make recommendations how both companies can manage cash flow for the future.
Communication is the basis by which a company can become successful and achieve a competitive advantage. Information must be able to flow between departments especially if such departments are located globally. The need for communication is what generated the idea that became the company known as Cisco. Husband and wife Len Bosack and Sandy Lerner, both working for Stanford University, wanted to email each other from their respective offices located in different buildings but were unable to due to technological shortcomings (The Network, 2016). The need for communication brought Bosak and Lerner to create the first multi-protocol router, which was the start of Cisco. The name Cisco was derived from the city San Francisco