Shantanu Narayen, CEO of Adobe, offered a few personal anecdotes. He claimed that if he had been beginning his career now, he would never have left Hyderabad.
One of the most well-known CEOs currently leading the multinational software giant Adobe is Shantanu Narayen. Sunder Pichai of Google, Satya Nadella of Microsoft, and a few more leaders have also established standards in related fields on the global stage.
However, not everything was perfect, Narayen warned businesspeople in his speech at the TiE Global Summit 2022. In 2007, he took over Adobe. The business experienced record sales in 2008, but the real estate bubble bust in 2009 caused losses the very next year.
According to him, the company learned a lot from the recession when it hit. The group realized they were not inventing quickly enough. Revenue for the business decreased by 25%, and its market value decreased to $6 billion. He claimed that despite the difficult circumstances, the squad persevered. He said, “Wasting a crisis is a bad thing to do.
They took action to innovate more quickly. They also changed into a Software as a Service business that relies on subscriptions. This proved to be a success since during the following years, the company’s market cap increased from $6 billion to $200 billion. “I’m telling you this story because everything turned out okay. If I hadn’t, my successor would be here telling you what a terrible idea it was,” he laughed.
He also discussed some of the traits that successful businesspeople should have. Narayen added on Monday, “Entrepreneurship means never taking a no for an answer. If you are an impatient entrepreneur, it may be a quality to cherish.
In addition, he claimed that he would never have left Hyderabad for the United States if he had been starting his career today. He said, “There are lots of opportunities in Hyderabad and India.Narayen stressed the value of education while thinking back on his youth. He claimed that colleges and high schools “teach you how to think.”
