A profile of Garmin CEO Cliff Pemble, who helped diversify its GPS product lines and grew annual revenue from $2.6B in 2013 to a record $7.2B last year (Brent Crane/Bloomberg)

Garmin’s growth under CEO Cliff Pemble shows how a technology company can reduce dependence on a single product category by expanding into adjacent markets and building a broader portfolio across fitness, outdoor, marine, automotive, and aviation. For CIOs and technology leaders, the key takeaway is that disciplined product diversification, platform reuse, and sustained investment in multiple customer segments can drive durable revenue growth and resilience against market shifts.