Ping Fu - Inspiring Entrepreneurship
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Case Details:
Case Code : LDEN038
Case Length : 15 Pages
Period : 1996-2006
Pub Date : 2006
Teaching Note : Available
Organization : Raindrop Geomagic
Industry : IT, Manufacturing
Countries : USA
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Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Shaping the Next Revolution Contd...
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The software introduced by Geomagic was revolutionary in nature when compared to
existing technologies and had a wide range of potential applications.
Nevertheless, the company had to face many problems during the initial years.
At one point, Ping herself faced the risk of personal bankruptcy, having
invested all her personal savings in the company.
However, she took up the challenge of managing this start-up and led the company
to become a worldwide leader in DSSP technology. Ping's success and professional
achievements as an entrepreneur won her several awards.
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These included Ernst & Young Entrepreneur of the Year,9
“Fast 50” executive10 by FAST
Company magazine, 'Entrebizneur of the Year'by Business Leader magazine,
and 'Business Woman of the Year'by Triangle Business Journal.11
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In December 2005, Ping was named by the Inc. magazine as 'Entrepreneur of
the Year'. John Brant of the Inc. magazine wrote, “Over the past decade,
Geomagic has defined and dominated the high-tech field of Digital Shape
Sampling and Processing. In the past five years, Geomagic's revenue has
grown by 2,105%, to around $30 million a year.”12
Under Ping's leadership, Geomagic won several awards (Refer to Exhibit II
for awards won by Geomagic). Ping proved to be a successful manager,
entrepreneur, respected business leader, and frequent keynote speaker at
international conferences. At the personal level, she had a successful
family life and donated generously to community service activities. |
Excerpts >>
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