Cisco CEO Vows Faster Innovation

Cisco Systems Inc. Chief Executive John Chambers Tuesday promised to decisively streamline the network-equipment company’s operations to speed up decision-making and get new products to market faster.

“We were too complex,” Mr. Chambers told a gathering at a company event here that drew more than 15,000 customers and other attendees. “You will see us leaner and more focused.”

Mr. Chambers said the reorganization, which the company has been promising since mid-May, will cut the number of groups involved in developing new products. For example, multiple groups that create operating systems for Cisco will be combined into one, he said. The company also will streamline Cisco’s sales organization, Chambers said.

“The market is changing, and we are going to change faster than anyone else,” Mr. Chambers said.

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