“We want to be on the edge of technology all of the time. We think long-term.”
The CEO of Ericsson, one of the world’s leading telecommunications companies, has some serious networking practices worth noting. Hans Vestberg, who was offered the hot-seat on the first day of the New Year of 2010, has always emphasised the importance of being a team player, a good leader and, above everything else, a stellar networker.
Hans has been a loyal employee of the Company since 1988, when he was first hired for ‘Ericsson Cables’ at his hometown of Hudiksvall, Sweden. Since then, Hans has been able to bring some global experience to the table, having held various management positions for the company in China, Brazil, Mexico and the USA. His experience serving as the Chief Financial Officer of Ericsson from 2007 to 2009 taught him all he needed to know about telecommunications market. His foresight earned him the hot-seat a year later.
Vestberg has often spoken about a digital revolution that is marking the cards, and he was one of the first business leaders to cite that 3G and 4G will dominate the world markets by 2020. His leadership and financial foresight has earned him the rank of being ‘the sixth most powerful man in wireless’, by Fierce Wireless. He is also an active member of the Leadership Council of the United Nation’s Sustainable Development Solutions Network.
On his 51st Birthday, we would like to celebrate his legacy by listing out some fool-proof networking tips that we have picked up from this powerful businessman over the years.
“You have to get to know your team as individuals and identify those variations in skills and mentalities; it’s the only way to ensure an all-encompassing skill set and strategy,” says Vestberg in a self-published article.
Ericsson recently merged with CISCO, where they have agreed that a business and technology partnership between them should generate additional revenues of $1 billion for each company by 2018. When asked about this merger, Vestberg said, “We are the wireless No. 1 in the world and Cisco is by far the No. 1 in the world when it comes to IP routers. Together we can create innovative solutions.” (as stated in an article by Reuters)
Hence, Vestberg understood the benefits of collaborating with an equally profitable firm, so as to increase the market value and shares of his Company. Like Vestberg, it is important to note when to hold off on your own and when to join forces with similar businesses and individuals, so that it works in the favour of your company.