Steve Sanghi and Terri Kimble
In today’s fast-paced and competitive business landscape, building a strong organizational culture has become essential for long-term success — it shapes the attitudes, behaviors and interactions of employees. Arguably, a team or company culture is as important as your brand, no matter the size of your business.
Microchip Technology exemplifies how a strong company culture can transform a struggling business into one of the most respected, profitable and meaningful semiconductor companies in the world. Terri Kimble, CEO and president of the Chandler Chamber of Commerce, interviewed Steve Sanghi, executive chair of Microchip, about his most recent book, Up and to the Right, to gain deeper insights into how his leadership played a pivotal role in the company’s transformative journey.
Sanghi led the company through 20 successful acquisitions by “redesigning the enterprise in which all of the resources, strategies, goals, actions and employees work in unison to achieve a common mission” — referred to as the Aggregate System. Essential elements to this system include inspiring employees through leadership, aligning strategies, pursuing excellence and continual improvements. In addition, Sanghi discussed Microchip’s belief in sharing the company’s prosperity among employees, which fosters a sense of engagement, even during challenging times.
In addition to the Aggregate System, Microchip implemented guiding values and trained employees on how to integrate these values into their daily tasks. With a global workforce, Sanghi mentioned that the company empowers employees to make decisions that align with well-defined principles. The synergy between the guiding values and the Aggregate System allows employees to embrace the company culture, which ultimately contributes to the overarching business success.
Microchip’s company culture can be characterized by success, teamwork, loyalty and innovation. Employees don’t want to just work for a company, they want to feel a part of it. A purpose-driven culture coupled with guiding values are the cornerstone of unlocking success for businesses of any size.
Terri Kimble, president and CEO of the Chandler Chamber of Commerce, interviewed Steve Sanghi, executive chair of Microchip, about his book Up and to the Right.
