COMING UP FAST: A SECTION FOR ENTREPRENEURS - DECISIONS

COMING UP FAST: A SECTION FOR ENTREPRENEURS - DECISIONS - MY BEST ... The decision in 1996 to restructure Psion. It had grown very quickly and had become quite complex. We were spread along the value chain - manufacturing, distributing, marketing, the who

MY BEST ... The decision in 1996 to restructure Psion. It had grown very quickly and had become quite complex. We were spread along the value chain - manufacturing, distributing, marketing, the whole works - and were beginning to resemble Apple, circa 1985. So we simplified the business by dividing Psion into four separate companies: computers, software, enterprise and data communications. The software side became independent in order to license software more widely, and that led to the creation of Symbian, which will be very successful in the long run. The restructuring enabled us to add to our management strengths across the company and made possible the acquisition of Teklogix, which has been very important for us. It was a difficult decison but led to a much greater development of the group.

MY WORST...

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