Phil Smith, chief executive of network equipment manufacturer Cisco’s UK and Ireland subsidiary, took to the stage at the Global Corporate Venturing Symposium earlier today to discuss how the company is adapting to a changing industry.
According to Smith, Cisco, like all traditional companies, is facing the threat of more agile startups that are highly disruptive. To stay ahead in the industry, Cisco has adopted a “build, buy, partner, integrate” model.
The company spends $5.9bn on internal research and development…
