IBM just celebrated its 100th natal day in 2011. This huge business machine is still tally well even more than that. According to Aries research, the just life expectancy of a multinational corporation-Fortune 500 or its equivalent-is between 40 and 50 years [4]. So what makes IBM pull round and succeed? The answer is that IBM has excellent leaders especially Sam Palmisano. Palmisano became the eighth CEO of IBM in 2002. After Gerstner saved IBM from crumbling Palmisano make IBM look excellent again and even erupt than perpetually [5]. Palmisano has a clear goal for himself that is to leave IBM in better shape than he found it and he made it [6].
Palmisano stepped mound as CEO 31st December 2011, ending a near-decade-long reign. Looking back ten years Palmisano made some(prenominal) key strategic moves that have paid off greatly for IBM. In 2002 IBM bought Pricewaterhouse Coopers Consulting for $3.5 billion, and created a new global business building block called Business Consulting Services by combining IBM business serve and PwCC.
As a result, IBM Business Consulting Services becomes the worlds largest consulting services organization, with trading operations in more than 160 countries [7]. In 2003 IBM sold its elusive disk drive business to Hitachi. In 2004 IBM sold its PC business to Lenovo. These moves were a clear signal that IBM is abandoning the low receipts business and focusing on high profit business. In 2007 IBM further shifted jobs from high labor constitute regions in compass north America and West Europe to low labor cost regions in Asia, Latin America and Eastern Europe and compass up giant global service delivery centers that were adequate of serving clients around the world. This move was to respond to the challenge of the Indian tech services upstarts. IBM reached a rich talent pool
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