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Jensen Huang is the cofounder and CEO of $2 trillion computer chip giant, Nvidia. He credits part of his success to the strong work ethic he honed while working at Denny's. AdvertisementJensen Huang is the cofounder and CEO of Nvidia, the $2 trillion chip manufacturer powering the AI revolution. In a recent interview with Stanford's Graduate School of Business, Huang reflected on his early career working minimum wage jobs to explain how he has developed the work ethic to succeed as a CEO. This story is available exclusively to Business Insider subscribers.
Persons: Jensen Huang, , Huang Organizations: Nvidia, Service, Stanford's Graduate School of Business, Business Locations: Denny's
Huang, who oversees 50 direct reports, said that "by definition," CEOs should have the most direct reports of anyone at a company. And taking on more direct reports could help CEOs level the playing field, too. And while Huang manages more people than other big-name CEOs (Amazon CEO Andy Jassy has 16 direct reports), Nvidia has close to 30,000 employees, according to a company report from 2023. While Huang might be an outlier (and overachiever) as a manager, the number of direct reports CEOs are taking on is on the rise. CEOs' direct reports doubled from five in the mid-1980s to close to 10 in the mid-2000s, according to the Harvard Business Review.
Persons: , Jensen Huang, doesn't, . Huang, Huang, chipmaker, Andy Jassy, Hal Gregersen Organizations: Service, Stanford's Graduate School of Business, Business, Nvidia, Harvard Business, MIT Leadership Center Locations: .
The most common mistake across all communication is people don't consider who they're talking to or the context in which they're speaking. It signals you're going one way; the other person's going to go the other. Consider who you're talking to and whenPeople just want to get information out. Often, people don't consider who they're talking to or the context they're in. Before telling your story, ask what's the main motivation in telling this story and what's most relevant to the person you're talking to.
Persons: Matt Abrahams, Abrahams, , Stanford, I'm, Rachel Greenwald, that's Organizations: Stanford's Graduate School of Business, Service
Yet, we're coming up with new ways to justify expensive purchases. The latest way, coined "girl math," breaks down the price of an item by the cost per wear. While the term originated from an unflattering view of women and their finances, TikTok's latest trend aims to reframe the narrative around luxury indulgences. This works well for "an indulgent purchase that doesn't feel super justifiable," Bechler said. Otherwise, consumers increasingly turn to buy now, pay later to spread out the cost of their "retail therapy" with small installments.
Persons: we're, there's, Christopher Bechler, Huang, Bechler Organizations: Finance, Stanford's Graduate School of Business
Copycat layoffsAndreyPopov/Getty Images"Copycat layoffs" is the idea that companies are being influenced by one another as they cut jobs. Jeffrey Pfeffer, a professor at Stanford's Graduate School of Business, attributed the layoffs to "copycat behavior" in an interview with Stanford News in December. They followed on the way up; companies were hiring, so everybody decided to hire. Now, companies are laying off, and everybody decided to follow each other and lay people off." "It's difficult without being inside those companies to really point a finger at why these tech companies are shutting people," Minshew said.
Persons: Jeffrey Pfeffer, " Pfeffer, Kathryn Minshew, Minshew Organizations: Google, Microsoft, Stanford's Graduate School of Business, Stanford News
Mentors can give us advice and guidance, helping us in ways that others, who are too close to the problem, never can. When I sought her advice, she didn't tell me where I should choose to go; instead, she gave me this kernel of wisdom. He advised me to defer my acceptance and try to get into business school instead. I was about to learn that the skills that make you a great individual contributor PM do not always make you a great manager. If you don't have a mentor, I highly recommend finding one (check out my last post on mentors for tips!).
Copycat layoffsAndreyPopov/Getty Images"Copycat layoffs" is the idea that companies are being influenced by one another as they cut jobs. Since the start of 2023, numerous tech companies have laid off workers, including Google, Microsoft, and Zoom, picking up on job cuts that started in the second half of 2022. They followed on the way up; companies were hiring, so everybody decided to hire. Now, companies are laying off, and everybody decided to follow each other and lay people off." "It's difficult without being inside those companies to really point a finger at why these tech companies are shutting people," Minshew said.
A 2019 ranking of business-school admission rates showed Stanford Graduate School of Business (GSB) at the top of the list of most selective schools. Education specialists Quacquarelli Symonds recently released its 2021 Global MBA Ranking, and Stanford ranked as the best business school in the world. To that end, Insider asked six Stanford business school grads, as well as the assistant dean of MBA admissions and financial aid, for their insights on how to get noticed and tapped by Stanford GBS's extremely selective admissions committee. His top advice for Stanford business school applicants is to not be an imitation of a type. Other Stanford business school alumni validated this advice.
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