Leading Technology CEO Shares How He Helped Engineer

CHANDLER, Ariz.—(BUSINESS WIRE)—April 24, 2006— Microchip Technology (Nasdaq: MCHP)
    The Amazing Success of Microchip Technology Inc. in a New Book
    'DRIVING EXCELLENCE: How the Aggregate System Turned Microchip
         Technology From a Failing Company to a Market Leader'

    By Steve Sanghi and Michael J. Jones

When Steve Sanghi joined Microchip Technology (Nasdaq: MCHP) in July 1990, the company was in complete disarray. Microchip was losing $2.5 million per quarter, had less than six months of cash, had exhausted its bank credit lines and expenses were out of control. This wasn't a surprise to Sanghi. He was, in fact, well aware of the company's troubles. But it wasn't until he arrived at the company that he understood the extent of the problems. Rather than quit (as many colleagues advised him to do) he dug in his heels and began to try to turn the company around. He enlisted the help of his HR manager and they quickly began to build a program to revitalize the company. Within three years, Microchip was healthy enough to go public -- it had the top IPO of 1993. Today, it is the world's No. 1 supplier of 8-bit microcontroller units -- the most ubiquitous semiconductor type. How did they do it? The authors credit the Aggregate System.

"DRIVING EXCELLENCE: How the Aggregate System Turned Microchip Technology from a Failing Company to a Market Leader" (Wiley; April 2006; $27.95; Cloth) is the story of how Steve Sanghi and Michael J. Jones designed and implemented the Aggregate System at Microchip Technology, and how this systematic and comprehensive approach to building exceptional corporate culture was responsible for the company's amazing turnaround.

The Aggregate System is about uniting employees through shared workplace values, and guiding them through decisions, strategies, actions, and job performance. It is achieved by aligning, integrating and uniting all elements of the enterprise that influence an employee's performance.

The 10 key elements of the Aggregate System, as described in "DRIVING EXCELLENCE," are:

-- Inspiring leadership

-- Continuous-improvement culture

-- Clear company values

-- Fully aligned strategies

-- Employees share in the company's prosperity

-- Managers serve as role models

-- Politics, ego and arrogance are not allowed

-- Systems approach utilized to make improvements

-- Pursuit of excellence

-- Engaged board of directors

"DRIVING EXCELLENCE" describes in detail the key elements above and how they were incorporated into Microchip's corporate structure. The results speak for themselves. The Aggregate System can be implemented in any business. As Sanghi and Jones write in the book, "The use of the Aggregate System is not limited to the semiconductor industry. When implemented correctly, it can be universally applied to any business. The key is to convert your desire to improve the enterprise into the successful application of the Aggregate System."
                          "DRIVING EXCELLENCE:
         How the Aggregate System Turned Microchip Technology
              From a Failing Company to a Market Leader"
                 By Steve Sanghi and Michael J. Jones
                           Wiley; April 2006
                     $27.95; 0-471-78484-2; Cloth


For the convenience of your readers, please include the following in your review: Wiley books are available at your local bookstore or by calling 800-225-5945. In Canada, call 800-567-4797. Additional information about this book can be found online at www.drivingexcellence.biz.

Jocelyn Cordova, 201-748-6249

Email Contact
Microchip Technology, Chandler
Eric Lawson, 480-792-7182

Email Contact



Review Article Be the first to review this article
Autodesk - DelCAM

Featured Video
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Apple Adding To Computer Product Line Minus Ports
Currently No Featured Jobs
Upcoming Events
3D Collaboration & Interoperability Congress at 1310 Washington Ave. Golden CO - Oct 25 - 26, 2016
Electric&Hybrid Aerospace Technology Symposium 2016 at Conference Centre East. Koelnmesse (East Entrance) Messeplatz 1 Cologne Germany - Nov 9 - 10, 2016
Autodesk University Las Vegas at Las Vegas NV - Nov 15 - 17, 2016
TurboCAD pro : Start at $299

Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise