NewsApplyContactSearchHome
Stanford Graduate School of Business
Stanford Business

February 2004

Tech Customers Want More Than Glitz

The information technology industry is no longer the brash young kid on the block. Maturing tech companies face the reality that large parts of their market are outside the United States, that customers are no longer dazzled just because a product is new, and that a global workforce is here to stay, Bruce Chizen, president and CEO of Adobe Systems, told a Business School audience.

Introducing Chizen at his October 23 View from the Top speech, School Dean Robert Joss estimated that one of Adobe's products, Acrobat Reader, runs on 500 million computers worldwide. Tech companies generally sell more of their products outside the United States than to the domestic market, Chizen said.

"We can no longer build products for the U.S. market and hope other countries adopt them. We have to tailor our products to the way they work, they collaborate, and communicate."

Chizen added that businesses are looking for returns on their IT investments, "consumers are not interested in spending as much as they once did on PCs or chips or the next version of software," and everyone wants easier to use products.

In addition to relying on international sales, firms like Adobe rely on international workforces. When a quality engineer earns $15,000 in India and $90,000 in Silicon Valley, Chizen said, those hired for U.S. jobs must demonstrate leadership, a willingness to be a team player with coworkers in other countries, and a passion for the job and desire to think outside the box. "If we just want someone to follow the rules, we can hire them elsewhere and for less money," he said.


Previous Spreadsheet Previous Spreadsheet || Next Spreadsheet Next Spreadsheet

Stanford Business Home

Spreadsheet

First Impressions
School Volunteers Thanked, Thankful
Students Learn from Military Vets
Tech Customers Want More Than Glitz
Lessons from Laundry
School Launches Undergrad Institute
GSB Named Social, Environmental Leader
Library Constructs GATT Digital Archive
Alums Help School Find New Home
The Giver Who Keeps Giving
Hot Ticket Venue
e-Newsletter Debuts
Toigo Fellows Expand Finance Networks
Bradford in Boston
Quotable: Tim Ling, MBA '89
For the Record: 2003 MBA Placement Report