Only the paranoid survive" is Andrew Grove's credo—but he doesn't remember when he first said it. (Maybe his enemies made it up.) In any case, the president and CEO of Intel, the world's most successful chipmaker, does believe in paranoia, especially when it comes to what he considers a company's greatest peril: strategic inflection points. These, he writes, are those times "in the life of a business when its fundamentals are about to change. That change can mean an opportunity to rise to new heights. But it may just as likely signal the beginning of the end." Grove elaborated to NEWSWEEK's Steven Levy.
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