Driving Excellence: How The Aggregate System Turned Microchip Technology from a Failing Company to a Market Leader - Hardcover

Jones, Mike J.; Sanghi, Steve

Hardcover

ISBN 10: 0471784842 ISBN 13: 9780471784845

Publisher: Wiley, 2006

Synopsis

Praise for DRIVING EXCELLENCE

"A well-organized compendium of immense common sense. [The authors'] values-based, walk-the-talk approach recognizes the fast-changing environment we live in. It shows the importance of aggregating and integrating knowledge and experience on a continuing basis. Finally, it demonstrates the significance of creating a culture that reinforces those values and takes pride in thriving on the complexity."
—John E. Abele, founder and Director, Boston Scientific Corporation

"The Aggregate System is a powerful blend of strategic formula, exceptional culture, and human systems combined into a complete self-perpetuating system to produce exceptional performance. Anyone interested in improving the performance of his or her company should read this book."
—Jerry Colangelo, CEO and Chairman, Phoenix Suns

"This is not another 'silver bullet' piece of academic advice on how to do a quick fix to some imaginary business. Driving Excellence is a serious and detailed insight into how a real CEO, Steve Sanghi, has transformed a real company, Microchip, into a world-class enterprise. Anyone interested in understanding the realities of implementing and sustaining an enterprise-wide constant improvement plan should read this book."
—Dean Kamen, founder and President, DEKA Research & Development Corporation, inventor of the Segway HT, National Inventors Hall of Fame inductee

"Driving Excellence is the first book to deal with the integration of all the core elements that are essential to running a business. It should be required reading for all executives and venture firms looking to boost return on invested capital and add some consistency to their growth. High praise is due to Michael Jones and Steve Sanghi for developing a blueprint that works in the real world."
—Ed Sperling, Editor in Chief, Electronic News

"This book provides a nicely developed framework to understand organizational effectiveness and performance, drawing upon Sanghi's managerial skills, perfected in his significant turnaround performance at Microchip. Importantly, the reader benefits from insight and experience about building an organizational culture productive to performance and competitiveness."
—Steven Stralser, PhD, author of MBA in a Day

About this title

From the Inside Flap

When Steve Sanghi took over as CEO of Microchip Technology in 1990, the com?pany was in dire straits. It was hemorrhaging money, its technology was outmoded, its factories were inefficient, and its employees lacked morale. So many things were wrong with the company that Sanghi didn't know where to start.

A parade of consultants marched through the Microchip offices offering every kind of cure, from cycle time reduction to process controls to outsourcing. All those suggestions were valid, but there was no single cure for what ailed Microchip. Sanghi recognized that Microchip required an approach that would improve all aspects of the enterprise and involve every employee in the quest for improvement. But since no one could offer such an approach, it was up to Sanghi and Michael Jones, the company's Vice President of Human Resources, to develop their own model for reform.

Together, Sanghi and Jones designed and, with the help of an outstanding management team, implemented the Aggregate System. As the name implies, the Aggregate System is designed to simultaneously improve all of a company's business processes by aligning and uniting the processes and elements that lead to success. Rather than focusing solely on manufacturing processes, business strategies, or workforces, the Aggregate System is a big-picture approach that creates an exceptional business culture and a management model that institutionalizes and perpetuates improvement across the entire business.

Today, Microchip is a leader in the semiconductor industry. The Aggregate System worked for Microchip and it can work for you too. Now, in this practical and prescriptive guide, Sanghi and Jones explain the origin and proper implementation of the Aggregate System so that business leaders can apply it to their own struggling organizations. In four sections, they explain the story of Microchip and its rebirth; how the Aggregate System works and the ten key elements of it; the foundations of a true values-based corporate culture; and, finally, how you can put it to work in your own organization.

Based on hard-earned experience, the Aggregate System is a real-world solution for real-world business problems. It's no magic bullet and it won't change your business overnight. What it will do is show you how to create a business culture that improves, and succeeds, at every endeavor.

About the Author

Steve Sanghi is the President, CEO and Chairman of the Board of Microchip Technology Inc.  Under his leadership Microchip became the top IPO of 1993.  Steve holds a MS in Electrical and Computer Engineering from University of Massachusetts and BS in Electronics and Communications from Punjab University, India.  In June 1995 he received an Arizona Entrepreneur of the Year Award and was a finalist in the National Turnaround Entrepreneur of the Year category.  Steve co-chairs the State of Arizona Governor’s Council of Innovation and Technology, and is a member of the Board of Trustees of Kettering University in Flint Michigan.  His media appearances include:  CBNC Squawk Box (May 05’) and Mad with Money, Jim Cramer’s show; Bloomberg TV and radio, quoted in the WSJ and more.

Michael J. Jones, retired from Microchip Technology Inc. in 2004.  Prior to that he was the VP of Human Resources.  Michael was one of the primary architects of Microchip’s successful company culture.  A graduate of California State University, Chico, he holds a MA from the College of Communication and Education and a BA in Psychology.  He is currently starting his own HR consulting practice to train others on the success of The Aggregate System.

Edition details

• Publisher: Wiley
• Publication date: 2006
• ISBN 10: 0471784842
• ISBN 13: 9780471784845
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 272