Hear from Miles Adcock, CEO of Concurrent Technologies on the Made in Essex Podcast.
When Miles Adcock took the reins at Concurrent Technologies, he faced the daunting task of transforming a legacy business. A complete overhaul followed, powered by swift, decisive change to pave the way for a brighter future.
Transforming a legacy business is hard.
In this episode of Made in Essex Jill Willis invites Concurrent Technologies CEO Miles Adcock to unpack his first three years. Identifying the standout successes and occasional missteps that mark his leadership so far.
Digging into what it takes to drive 73% growth, and the impact achieving Essex TopTech50 has had.
Enjoy the full conversation here.
Rapid Transformation Under Pressure
When Miles stepped into the role of CEO at Concurrent Technologies – a tech solutions provider to the world’s leading OEMs – he was hit with a startling reality: the company was stuck in the past and needed a top to bottom overhaul. With a legacy structure that hadn’t changed since 1985, it was clear that the business wasn’t equipped to meet the fast-paced demands of today’s tech world. “On day one, our lead salesperson said, ‘I’ve got nothing to sell,’ and in that moment, I knew I had no choice but to dramatically dismantle the business and rebuild it from the ground up.”
Balancing Control with Innovation
For Miles, creativity is a superpower. When considering his leadership of Concurrent Technologies through this period of change, he cites the importance of balancing management control with creative freedom. “There’s a spectrum between command-and-control management and anarchy,” he explains. “The challenge is finding the ‘edge of chaos,’ where the most innovation happens.” Miles believes that while it’s important to have structure and oversight, particularly in a tech business that deals with complex, cutting-edge products, too much control can stifle innovation.
The Power of Culture in Business Growth
Miles knew right from the start that building a strong company culture was essential for Concurrent Technologies to thrive. “We defined a target culture and set up a way to measure our progress,” he says. With his leadership team, Miles rolled out a strategy focused on creating a culture that was not only adaptable and innovative but also aligned with the company’s long-term vision. “If you don’t put in the effort to shape your culture—actively working on it rather than just discussing it—you’re setting yourself up for unpredictable results.”
Miles Adcock was talking to Jill Willis, Director of Attract & Engage and host of the Made in Essex Podcast.
Catch the full episode here or listen wherever you get your podcasts.👇
Keep your eyes peeled for more episodes as Jill invites the county’s most tenacious and successful business leaders to lift the bonnet on their entrepreneurial stories.
Made in Essex – The Podcast With Miles Adcock
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