Name: Insights: Ginni Rometty's Top 3 Tips for Growing a Company
Uploaded: 2020-02-06
Duration: 1 min 56 s
Description: IBM CEO Ginni Rometty shares her top advice for leading and growing a company. (October 2014)

[MUSIC PLAYING] I think, for me, what transformation's about because I-- before talked about this idea that growth and comfort don't co-exist. And I talked about it when I was here last time. I said I think it's true for people, for companies, for nations. But what does that mean? So what do you do? So sort of the three things that I feel that I learned over the long run here. The first one was never protect the past. And if you never protect the past, I think, one of the things you'll say to yourself, you'll be willing to never love something so much you won't let it go either. So that would be my first one. My second one is never define yourself as a product. And in fact, I would augment it, I often say, never define yourself by your competition either. It's good that you're not defining yourself as a product at IBM because you would be well split personality. [INTERPOSING VOICES] Thousands and thousands of products. It's honestly driven more by-- if you live and define yourself by a product or your competition, you lose sight of who your customer is. And you lose sight of what you do is-- I always say, we don't exist without them. So that is why you define yourself not by a product or by what you offer. And then, my third one is about this idea, always, no matter what it is, it is this relentless reinvention of whatever it is that you do. This relentless reinvention. And I can remember one of the things in one of my conversations Warren had said to me. And I think it's a good question to ask yourself for any business. When you make your decisions, always people say, would I make the same decision? Because if you're a relentless reinvention, you kind of have a mindset of being a steward for the long term. And you'll say to yourself, you know, would I make the same decision if I was a private company or a public company? I think is a good question to always ask yourself when you make big decisions. 

Insights: Ginni Rometty's Top 3 Tips for Growing a Company

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Her top advice for leading and growing a company. 

Ginni Rometty's Top 3 Tips for Growing a Company

IBM CEO Ginni Rometty shares her top advice for leading and growing a company. (October 2014)

I think for me, what transformations about goodbye before talked about this idea that growth and comfort don't coexist. And I talked about it when I was here last time. I said, I think it's true for people, for companies, for nations. Um, but what does that mean? So what do you do? So sort of the three things that I feel that I learned over the long run here, the 1st 1 Waas never protect the path. And if you never protect the path, I think you know one of the things you'll save yourself. You'll be willing to have never loved something so much. You won't let it go, either, so that would be my 1st 1 My 2nd 1 is never defined yourself a product, and in fact, I would. I would augment it often say never. Define yourself by your competition. Either You're not defining yourself a product that I'd be on because you would be well split personality, you know. And it is. It's honestly driven more by because if you live in to find yourself by ah product or your competition, you lose sight of who your customers and you side of what you do is, I would say we don't exist without them. So that is why you define yourself, not by a product, right by what you offer. And then my 3rd 1 is about this idea. Always, no matter what it is. It is this relentless reinvention of whatever it is that you do this relentless reinvention. And I think I can remember one of the things that one of my conversations Warren had said to me, I think it's a good question to ask yourself for any business when you make your decisions. Always, people say, Would I make the same decision? Because if you if you're relentless reinvention, you kind of a mindset of being a steward for the long term, and you'll say to yourself, You know what? I make the same decision If I was a private company or a public company, I think is a good a good question. I always ask yourself when you make big decisions