I don't think Sandeep was talking like a "spiritualist." As a reporter, I can be as much a cynic as anyone. But I was certain that Sandeep meant it, when he talked about "the company's soul." Well, we will see if he will keep up.
It all depends how that "soul" is presented. Most companies would like to treat their people well and feel good. But most, if not all, are driven by profits. So the key question is: is the "soul" profitable over the long run? ;-) Kris
I like your article. Well spoken.
Growing up in Silicon Valley in the 60’s and 70’s (AMD's first buildings was right behind my high school in Sunnyvale) I must say that by and large whatever the companies I worked for said, when the going got tough, people went out the door. This seems to just be the facts of the working world. At one company though, I was about 2 months from being laid off after my company was purchased by a competitor. When I was given my exit date I asked if I could be extended for any amount of time since one of my children was about to start college. To my amazement, the company delayed my departure two months. It was quite a surprise and much appreciated.
I once worked for a company that had a founder who talked like that. He was very concerned about the corporate culture he was creating and that the employees felt a shared fate with the company. At one point he hired a CTO who once told me that in order to mature the company had to learn to be capable of doing evil. Maybe he was right, but all I know is that I enjoyed working there much more in the early years than the later ones. In my opinion this is something that a CEO should be thinking about just as much as the balance sheet and more than the stock price.
Good for MIPS CEO and its 150 employees. I hope that this company enjoys their moment in the spotlight. In the business world, these highlights don’t come often. But to be a powerhouse company, MIPS has a long way to go. The great thing about this article is that it sends out a message of hope to small business and future business students around the world…and you can’t go wrong with that. Very good article.
Good to see that Sandeep managed not to have reduced his work force during the difficult time. So the "Company with a soul" philosophy might be working well for him and the employees. I too believe, having a "soul" in a company, it's not about inviting families to the Nasdaq, but to allow enough freedom to the employees to have a good work-life balance.
Yes Sanjib. It is best to retain work force even during difficult times and this pays off later. This happens because of retaining the good workforce but plus the blessings from them or other wise the good feelings the work force will get about the management and the company etc brings them up together. That is the SOUL
Thank you for the fair and refreshing article, I find it very encouraging to see a CEO of a small company express with courage his confidence in the intangible resource of his company workforce. A paycheck alone does not foster loyalty from employees, I just wish there were more boards and top management in high tech companies to pay closer attention to the their assets value.