True entrepreneurs are never satisfied. They are always pushing the envelope and preparing for future possibilities. Jim Fabris has continuously harnessed that entrepreneurial drive to convert his vision into business realities.
Fabris joined Hurco Cos. Inc. 20 years after its founding, but he quickly understood the value of the company’s mission of providing unique software and equipment to the machining industry.
Combined with his conviction, tenacity and vision, he risked his career more than once to convince the board to make tough choices that were counter to company norms and even industry norms at the time. For example, while competitors continued to focus on the North American market in the 1990s, Fabris understood the value of globalization and the importance of building a strong global supply chain.
Fabris revisited the company’s mission to convince the board that painful choices in the short term were necessary for future growth. Much of the pain was due to his recommendation to abandon legacy products upon which the company was founded, which meant layoffs of employees associated with those products.
“I had to convince them that shrinking would actually make us stronger,” Fabris says.
Focused on the company’s core competencies, Fabris instigates continual innovation of technology that supports the company’s mission. Under his leadership, the company that pioneered interactive graphical computer controls systems continues to push the evolution of technology to new levels, which has led to unprecedented growth and profitability.
HOW TO REACH: Hurco Cos. Inc., www.hurco.com