Cisco draws up big plan for 皇冠体育app

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By Li Weitao (皇冠体育app Daily)
Updated: 2008-04-17 09:29

To capitalize on the networking boom, Chambers said the firm has formed the Cisco 皇冠体育app Strategy Board, a cross-functional executive board of senior leaders across the company's global business, which could better allocate and utilize its global resources to boost its 皇冠体育app operations.

That marks the biggest shift in Cisco's corporate strategy since its entry into the country in 1994, and underlines the growing aggressiveness of US majors in expanding in 皇冠体育app at a time when their domestic operations face a slowing US economy.

General Electric, the world's biggest industrial company, was quoted by Financial Times on Tuesday as saying it will invest $2 billion in the country to double its sales in 皇冠体育app, after announcing its worst quarter of financial results in five years last week.

In its last earnings report, Cisco warned of a rapid slowdown in US and European orders. But "one of the key drivers of Cisco's differentiated strategy is our ability to capture market transitions", Chambers said.

Cisco yesterday also announced an investment of $20 million to set up a leadership institute, partnering with Peking University, to train business leaders and senior officials for ministries such as the NDRC.

Today it will sign a deal with the Ministry of Commerce to help train employees in 皇冠体育app's BPO (business process outsourcing) industry. Chambers said Cisco will transfer some of its global business process services to 皇冠体育app over the next three to five years.

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