From Allan Wiesnoski, Director, Techcet Group:

Notes from: Blue Chip CEO Panel

Moderator: Michael Wright, Advanced Global Strategies

Panelists:

Bill Noglows, chairman, president & CEO, Cabot Microelectronics;

Art de Geus, founder, chairman & CEO, Synopsys;

Nobu Koshiba,president, JSR Corporation;

Bob Akins, chairman & CEO, Cymer;

Doug Neugold, president & CEO, ATMI;

Michael Splinter, President and CEO, Applied Materials

 Notes:

Overall Topic: "A Measure of Strategic Leadership":

The development and deployment of financial and human capital to achieve sustainable growth

 

What are the 1-3 principles you use to guide the development & deployment of 'capital':

Noglows: challenge of balancing cost vs. impact until payoff;

de Geus: timing is the most critical part of execution; consider M&A as soon as customers begin to materialize; must collaborate

Koshiba: long term should be 40 years, 20 years is relatively around the corner, you must have info and strategy to pursue plan for the next 20 years well understood;

Akins: be willing to bet your companies' existence on your decisions/don't expect to live past more than one mistake; progress continuously to self-sufficiency to using external resources (universities, etc.); excel at turning data into true knowledge; Strive for sustainability; public company should leverage market expertise; understand the timing of turning points for things like materials etc.;

Neugold: use customer's perspective to help decisions to achieve faster, better, cheaper; help customer's solve materials and integration problems; speed, customer proximity, pace of investments, invest opportunistically;

Splinter: one additional thing – core competencies of the company – assess, determine how to best use to deliver value in existing and next markets; enable customers to move to next step; large companies must diversify (out of semi);

 

Global trends: how are you dealing with increased connectivity, technology & skills gap closing, increased role of sovereign capital in the world?

Koshiba: look for gaps that will arise;

Neugold: increase presence in emerging markets;

 

Global trends: how is your allocation of resources impacted?

de Geus: IP protection must be protected through company culture on an individual basis; need to understand true cost of moving to local markets – 5 year time frame to build up each level of local management, independent on low cost of labor; challenge is to bring global culture to remote locations;

Akins: develop a global mission statement; export expertise in change management

Neugold: must understand and leverage your differentiation & expertise

Splinter: prime objective to shareholders cannot be subjugated to social roles, government must play its role; but local involvement in community initiatives should be pursued