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M**S
Inspirational and useful for entrepreneurs
salesforce (with a lowercase as was the mania at the turn of the century) is, of course, a major industry success, but also the symbol of a timely, intelligent strategy adjustment at a time of crisis and craziness, the [...] bust. Great ideas and products that are useful to people always manage to weather bad storms. Sure, Marc Benioff, the CEO founder of the company must have freaked out at the 2001 meltdown, but he lost neither his cool nor his faith on his "End of software" motto (a striking way to impose the then novel software as a service -- SaaS -- model). His obstinacy paid off: The company went public in June 2004.Not all entrepreneurs have Marc's chutzpah, but his 111 recommendations to entrepreneurs will all be extremely precious to anyone. Sure, you may not dispatch a commando unit on bicycle to circle the Los Angeles Convention Center at a Microsoft launch event and instead settle for less spectacular tactics, but the message is clear: if you are an underdog, you can't be too subtle either, and you have to find a way to force the big guys into adopting your message. Regardless of who they are. Frankly, when Tom Siebel from Siebel Systems started to talk about software-as-a-service after he acquired Upshot, most of us smiled at the recollection that only two years before, Siebel had been repeating that SaaS was the type of stuff for [...] kids. "Don't fear competition: welcome it and leverage it," Marc concludes - provided, though, that you keep it under tight control.And you do so by maintaining an all-out high energy level. High energy (sometimes high voltage) is the tone of the book. It has a lot to do with Marc's personal style. But guess what? Low-energy doesn't work. So find what your own high-energy level can be, and make sure that your employees and your customers turn into fervent evangelists of the company anywhere in the world. Meanwhile, enjoy dozens of great anecdotes.There is one section of the book I especially like: The Corporate Philanthropy Playbook. This section is a must read for entrepreneurs of for-profit companies, of course, but also for any executive director of any foundation who does not want a foundation to stagnate or simply "survive": "Innovative nonprofits have historically achieved true sustainability by embracing a revenue-generating business model."Great book. Very well worded (no siliconite verbiage), co-authored with an excellent writer, Carlye Adler.
B**N
A positive take on entrepreneurship with some caveats
This book provided a very positive, insightful story behind Salesforce and its growth into the company that it is today (well, if today were 2009). Like many success stories, it lists a playbook of strategies, policies, and decisions that the author believes to be the driving forces being their success.The problem with such playbooks is that they are often heavily influenced by survivorship bias. An entrepreneur succeeds at something, believes they know why they succeeded, and then use that insight to pass on advice to others. Unfortunately, much of what works for one company during a specific time period often does not work for most others. While there is a lot of content in this book, that is noteworthy at a high level, I would caution new entrepreneurs to seek a more modernized, realistic guide more fitting for 2021. One such book is “Lean Startup,” which is also written by the founder of a software company, but it is also much more open about dealing with major struggles.As an entrepreneur myself in the startup space for the past 10 years, I can vouch for the fact that grit in the face of uncertainty and coping with financial struggle is by far the most difficult challenge that normal entrepreneurs face. This book will not help you in this area of your development. Salesforce was very fortunate with its early profitability, but most startups will need to spend a great deal of energy staying afloat, learning to survive before they can thrive.
N**A
For entrepreneurs and information industry professionals
SaaS. Software as a Service. This comes as an disruptive technology when the enterprises were spending megabucks on software to roll out to maximize their efficiency. The initial software licenses and the hardware, in order to host the solution, was compounded by the efforts spent in adapting the software to the specific needs of the buyer. At a time like this, Marc Benioff was bold enough to pursue his vision of "No Software". Technically incorrect, the idea was to host the application and provide access to enterprises to use the hosted application to remove the hardware costs from the equation. If this was not enough, they were going to charge the customer a monthly subscription fees similar to a pay-as-you-go mode.We all know how the vision turned out. I am talking about the company founded by Marc Benioff. salesforce.com. But do we know what were driving factors and deciding events behind the success story of salesforce.com. This is what the author and founder of salesforce.com, Marc Benioff, tells in this book. With a dream to change the world and limited resources, salesforce.com innovated to become a market pioneer and also leader. Humble beginning with respect to resources(both manpower and capital), they set out for a David-versus-Goliath battle against Siebel. Instead of building ground up, they capitulated on the successful and time-proven technologies available. When it comes to attract attention to their product, they came out with out-of-box ideas. All these are interesting and also inspiring to read.Starting from basics and turning successful was just one of the hurdles. But when salesforce.com became successful, the company as a whole has to adapt without changing their core values. Sometimes after defeating Goliath, David turns into Goliath. Instead of transforming into the undesirable giant, salesforce.com assimilates some of the good characteristics of Goliath as part of the adaptation process. When salesforce.com files for IPO, there are other challenges they face. They create a new market which did not exist before. Being the first means there are no written set of rules. This is the most interesting part of the book and makes it a must read for any budding entrepreneur. Disruptive technologies also has lot of challenges in addition to creating and capturing the market.This books is recommended for two types of people. The first type are entrepreneurs(even if you are already one or you hope to be one in the future) and the second type are people associated with information industry. For the first type, there are a lot of lessons to be learnt from Marc Benioff's experience while for the second type, it is a history lesson.
M**G
I wish I had read his earlier
Really profound, lots of wisdom distilled into a few words. Though the environment has changed drastically, the core lessons are still just as relevant today.
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