The economy is just an excuse, says Allergan CEO David Pyott | MassDevice Big 100 Roundtable West
"Innovation will always beat the economy, " Allergan chairman, president & CEO David Pyott tells attendees of MassDevice's 2012 Big 100 Roundtable West in Newport Beach, Calif.
One of the most important things Allergan chairman, president & CEO David Pyott learned in business school was to cast a wary eye on business leaders who blame economic downturns for business declines.
Before last night's audience of medical device industry players from around the country, Pyott explained why he believes that most companies should be able to overcome economic headwinds with innovative thinking.
"When management talks about the economy, it's actually an excuse," Pyott told MassDevice.com publisher Brian Johnson at last night's MassDevice Big 100 Roundtable West event in Newport Beach, Calif. "How often, when things are going really well in the economy, do managers say 'My sales are up 20% - because of the economy'?"