Wednesday, May 6, 2020

Steve Jobs A Leader Who Defied the Rule Book - 6762 Words

WORKING PAPER SERIES Steve Jobs: A Leader Who Defied The Rule Book Shaji Kurian, Asst. Professor, OB, Institute of Finance and International Management, (IFIM), Bangalore ______________________________________________________________________________ Steve Jobs is no more. Surely, his accomplishments are far-reaching and impossible to easily summarise. Apart from revolutionising the computer, music and publishing industries in his lifetime, Steve Jobs’ death has pointed out that he may have transformed just one more – the leadership industry. Here’s one way of looking at the scope of his achievement: It is the dream of any entrepreneur to effect change in an industry. Well, Jobs transformed half a dozen of them forever, from†¦show more content†¦Apple Computer was born. Apple’s first year in business consisted of assembling the boards in Steve’s garage and driving to local computer stores to try and sell them. Meanwhile, Woz worked on a new, much-improved computer, the Apple II, which he finished in 1977. Both Woz and Steve knew the Apple II was a breakthrough computer, much more advanced than anything the market had ever seen. Thus, Steve set out to find venture capitalists to fund App le’s expansion. After a while, he made a deal with Mike Markkula, an enthusiastic former Intel executive, who invested $250,000 in their business and assured them that their company would enter the Fortune 500 list in less than two years’ time. Mike was right. The Apple II soon became the symbol of the personal computing revolution worldwide and Apply Computer went public in December 1980, after just four years of existence. Steve Jobs’ net worth crossed the $200-million mark on that day – he was only 25. ~ Page 2 of 14 ~ WORKING PAPER SERIES In the pursuit of what he believed, however, Jobs never hesitated to inflict his tantrums on anybody, including on Woz, whose relationship with Jobs soon collapsed. 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