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Growing for Broke

In: Business and Management

Submitted By Kostitskaya
Words 536
Pages 3
Look, you’ve got to grow. It’s what our economy is all about. Hey, it’s what our country is all about! Certainly, it’s what drives me. My father, Constantine Anaptyxi, came to America from Greece because he saw big opportunities here. He worked hard, took a few risks, and realized his dreams. I came to this company as CEO five years ago—giving up a senior VP position at a Fortune 500 manufacturer—because I saw big potential for Paragon Tool, then a small maker of machine tools. I didn’t make the move so that I could oversee the company’s downsizing! I didn’t intend to create value—for our customers, for our employees, for our shareholders—by thinking small!! I didn’t intend to shrink to greatness, for God’s sake!!!
Okay, so I’m getting a little worked up over this. Maybe I’m just trying to overcome my own second thoughts about our company’s growth plans. I know it isn’t just about growth; it’s about profitable growth, as my CFO, William Littlefield, is always happy to remind me. “Nicky,” he’ll say, “people always talk about getting to the top when they should be focusing on the bottom…line, that is.” Quite a comedian, that Littlefield. But lame as the quip is, it tells you a lot about Littlefield and what, in my opinion, is his limited view of business. Sometimes you’ve got to sacrifice profits up front to make real profits down the line.
To me, acquiring MonitoRobotics holds just that kind of promise. The company uses sensor technology and communications software to monitor and report real-time information on the functioning of robotics equipment. By adapting this technology for use on our machine tools, we could offer customers a rapid-response troubleshooting service—what consultants these days like to call a “solutions” business. Over time, I’d hope we could apply the technology and software to other kinds of machine tools and even to other kinds of

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