Apple is the company and case of our lifetime. Its story is full of adventure, entrepreneurship,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Apple is the company and case of our lifetime. Its story is full of adventure, entrepreneurship, teamwork, legends, and leadership. The story has been told in books, most recently and successfully Steve Jobs by Walter Isaacson.The book was turned into a movie starring Ashton Kutcher as Steve Jobs, and the firm's history and more specifically his departure and returning to the firm, has become common knowledge as well as management folklore. 418 PART IM LEADING from firms such as Samsung and Motorola, yet market and expert response to the product was disappointing Much has been made of Jobss notorious micromanaging of his employees and his aggressive and demanding person- ality, and people who have worked for Jobs over the years have had mixed reactions to his leadership style. Some call him temperamental, aggressive, tough, intimidating, and very demanding. He was known to verbally attack people who were not meeting goals and expectations. Many employees have admitted a lear of encountering Jobs while riding in the elevator,"afraid that they might not have a job when the doors opened"-a practice that became known as "getting Steved" Yet employees who performed to expectations were well rewarded. Many who feared him also had great respect for him, as he inspired loyalty enthusiasm, and high levels of performance through contimuous learning. innovation, and change. Mary people believe that the reason Apple has had its continued, incredible turnaround since the late 1990s was due to the return of Steve Jobs's role as leader of the company However, Jobs's health deteriorated, and everyone wondered what would happen when he pased away Tim Cook was inserted as CEO while Jobs was still alive. Even though this is Apples fint aitempt at building large phones, it's not breaking new ground-in fact, it feels more like the company is catching up than innovating (5) Cooks biguet leap towand innovation was bringing the Apple Warchi tomarketanew product category for the firm. To male the Apple Watch a reality Cook decided to reorganize the way Apple operated. Previously. Apple was split into special ized groups devoted to hardware, software design, marketine and finance, working independently and sharing minimal CrOsfunctional information.(6) Under Cook, these lines have been blurred through the formation of interdisciplinan nams In an eflort toboost collaboration and improve pros uct design and functionality engineers now sit with mat ing and finance statf in product road map meetinge(7) The result? The Apple Watch was on pace to surpass the iPhone in first year sales(8) yet sales of the new Apple Watch plunged by 9ok since its opening week. (9) Passing the torch from the entrepreneur that started a bus ness to a person hired into the business can be very ditficult. Settling into the role of CEO in 2011 in a firm that once took on the personality of its temperamental leader Steve Jobs. Tim Cook radiated tranquility in its hallways, a reflection of his "calm Southern demeanor () Commonly stopping to chat or take selfies with employees, Cook's easygoing and polite personality has trickled through the corporate ethos (2) A quieter leader than his predecessor, Cook is also said to be more thoughtful and data driven in his decisions. Cook has also added new talent to Apple with a workforce that has nearly doubled since his appointment (3) Yet there seemed to have been a price paid for a less dynamic environment, a less vigorous firm Is this a sign Apple have once again lost their way without Steve Jobs?.Apple have always pushed the envelope in the past, dropping the floppy drive, drop ping legacy ports in favor of the then relatively new USB, alienating nearly all previously available acces sories, and dropping the optical drive. With product lines bloating and innovation a thing of the past, how Jong can Apple live off the halo effect of the past? Where are they going?(10) Under Tim Cooks watch, Apple introduced an iPad Mini. Although it was successful, it was not the breakout hit expected of Apple products. Jobis himself once said he did not like the mini devices that other companies sold to try to beat the original largersize iPad. In response, Apple stock lan- guished By the summer of 2013 Apple's stock was down by as much as 40% from its record high due to concerms over lack of new products.() Yet Cook seems to have proven the pundits wrong With 6 years of CEO experience under his belt, Cook's imprints can be seen throughout the firm. The shift in culture, an expand- ing employee base, and new product lines can be attributed to Tim Cook's new vision and healthier firm performance The Company posted all-time record quarterly [4th quarter 2016] revenue of $78.4 billion and all-time record quartery earnings per diluted share of $3.36. These results compare to revenue of S75.9 billion and earnings per diluted share of $3.28 in the yearago quarter (11) Cook has heard the critics and thinks Apple is prined for sus tainable success. "Innovation is alive and well.t there were any doubts, I think that they should be put to bed(12) The most difficult moment in Cook's tenure was when the new Apple Maps app for the iPhone was released and did not work conectly Cook took over for his lowerlevel execu- tive. His first move was to fire the Apple executive His second move was to issue a public apology to iPhone owmers. Discussion Questions 1. Would you consider Steve Jobs a leader, a managet of both? With a lineup ot mature products, Apple's stakeholders were looking to Cook for the type of innovation that was once common during the Jobs era. Apple's release of the iPhone t and 6 Plus brought the firm into the largescreen smartphone narket that was previously dominated by Android phones 2. Would you consider Tim Cook a leader, a managet of both? 3. Would Ghiselli say that Steve Jobs or Tim Cook have the traits of a successful leader? Apple is the company and case of our lifetime. Its story is full of adventure, entrepreneurship, teamwork, legends, and leadership. The story has been told in books, most recently and successfully Steve Jobs by Walter Isaacson.The book was turned into a movie starring Ashton Kutcher as Steve Jobs, and the firm's history and more specifically his departure and returning to the firm, has become common knowledge as well as management folklore. 418 PART IM LEADING from firms such as Samsung and Motorola, yet market and expert response to the product was disappointing Much has been made of Jobss notorious micromanaging of his employees and his aggressive and demanding person- ality, and people who have worked for Jobs over the years have had mixed reactions to his leadership style. Some call him temperamental, aggressive, tough, intimidating, and very demanding. He was known to verbally attack people who were not meeting goals and expectations. Many employees have admitted a lear of encountering Jobs while riding in the elevator,"afraid that they might not have a job when the doors opened"-a practice that became known as "getting Steved" Yet employees who performed to expectations were well rewarded. Many who feared him also had great respect for him, as he inspired loyalty enthusiasm, and high levels of performance through contimuous learning. innovation, and change. Mary people believe that the reason Apple has had its continued, incredible turnaround since the late 1990s was due to the return of Steve Jobs's role as leader of the company However, Jobs's health deteriorated, and everyone wondered what would happen when he pased away Tim Cook was inserted as CEO while Jobs was still alive. Even though this is Apples fint aitempt at building large phones, it's not breaking new ground-in fact, it feels more like the company is catching up than innovating (5) Cooks biguet leap towand innovation was bringing the Apple Warchi tomarketanew product category for the firm. To male the Apple Watch a reality Cook decided to reorganize the way Apple operated. Previously. Apple was split into special ized groups devoted to hardware, software design, marketine and finance, working independently and sharing minimal CrOsfunctional information.(6) Under Cook, these lines have been blurred through the formation of interdisciplinan nams In an eflort toboost collaboration and improve pros uct design and functionality engineers now sit with mat ing and finance statf in product road map meetinge(7) The result? The Apple Watch was on pace to surpass the iPhone in first year sales(8) yet sales of the new Apple Watch plunged by 9ok since its opening week. (9) Passing the torch from the entrepreneur that started a bus ness to a person hired into the business can be very ditficult. Settling into the role of CEO in 2011 in a firm that once took on the personality of its temperamental leader Steve Jobs. Tim Cook radiated tranquility in its hallways, a reflection of his "calm Southern demeanor () Commonly stopping to chat or take selfies with employees, Cook's easygoing and polite personality has trickled through the corporate ethos (2) A quieter leader than his predecessor, Cook is also said to be more thoughtful and data driven in his decisions. Cook has also added new talent to Apple with a workforce that has nearly doubled since his appointment (3) Yet there seemed to have been a price paid for a less dynamic environment, a less vigorous firm Is this a sign Apple have once again lost their way without Steve Jobs?.Apple have always pushed the envelope in the past, dropping the floppy drive, drop ping legacy ports in favor of the then relatively new USB, alienating nearly all previously available acces sories, and dropping the optical drive. With product lines bloating and innovation a thing of the past, how Jong can Apple live off the halo effect of the past? Where are they going?(10) Under Tim Cooks watch, Apple introduced an iPad Mini. Although it was successful, it was not the breakout hit expected of Apple products. Jobis himself once said he did not like the mini devices that other companies sold to try to beat the original largersize iPad. In response, Apple stock lan- guished By the summer of 2013 Apple's stock was down by as much as 40% from its record high due to concerms over lack of new products.() Yet Cook seems to have proven the pundits wrong With 6 years of CEO experience under his belt, Cook's imprints can be seen throughout the firm. The shift in culture, an expand- ing employee base, and new product lines can be attributed to Tim Cook's new vision and healthier firm performance The Company posted all-time record quarterly [4th quarter 2016] revenue of $78.4 billion and all-time record quartery earnings per diluted share of $3.36. These results compare to revenue of S75.9 billion and earnings per diluted share of $3.28 in the yearago quarter (11) Cook has heard the critics and thinks Apple is prined for sus tainable success. "Innovation is alive and well.t there were any doubts, I think that they should be put to bed(12) The most difficult moment in Cook's tenure was when the new Apple Maps app for the iPhone was released and did not work conectly Cook took over for his lowerlevel execu- tive. His first move was to fire the Apple executive His second move was to issue a public apology to iPhone owmers. Discussion Questions 1. Would you consider Steve Jobs a leader, a managet of both? With a lineup ot mature products, Apple's stakeholders were looking to Cook for the type of innovation that was once common during the Jobs era. Apple's release of the iPhone t and 6 Plus brought the firm into the largescreen smartphone narket that was previously dominated by Android phones 2. Would you consider Tim Cook a leader, a managet of both? 3. Would Ghiselli say that Steve Jobs or Tim Cook have the traits of a successful leader?
Expert Answer:
Answer rating: 100% (QA)
1 The combative and demanding Steve Jobs was a hallmark of his personality People who worked for him had varying views about him and he was often refe... View the full answer
Related Book For
Taxation for Decision Makers 2014
ISBN: 9781118654545
6th edition
Authors: Shirley Dennis Escoffier, Karen Fortin
Posted Date:
Students also viewed these management leadership questions
-
Briefly described the leadership styles: Steve Jobs vs. Tim Cook Also discuss the following questions: Steve Jobs was a strong, charismatic leader who co-founded Apple and is credited with much of...
-
Steve Jobs was a strong, charismatic leader who cofounded Apple and is credited with much of the success of the company. Some believe that Tim Cook, who became CEO in 2011, embraces a more...
-
Tim accepts a temporary assignment that is 500 miles away from his office. The assignment is expected to last 7 months. Tim spends $7,000 for lodging and transportation and $3,000 for meals during...
-
Researchers examined forecasters' interest rate predictions for 34 quarters to see whether the predictions corresponded to what actually happened. The 2 x 2 contingency table below shows the...
-
(a) How many grams of solute are present in 15.0 mL of 0.736 M K2Cr2O7?
-
Decorum, Inc., manufactures high-end ceiling fans. Their sales are seasonal with higher demand in the warmer summer months. Typically, sales average 400 units per month. However, in the hot summer...
-
Jamie Walker, regional vice president of sales for American Food Processors (AFP), is looking at the performance numbers of his sales force for the past year. He is starting to get that sinking...
-
Finishing International Enterprises (FIE), a private company based in Vancouver, is Canadas largest dealer of heavy equipment, such as tractors, grapple skidders, and backhoes. The company sells,...
-
You have already learned that when preparing financial statements, management makes assertions about each account and the relate disclosures in the notes. Auditors then gather sufficient appropriate...
-
During 2023, a township issued $3,000 in fines for failure to keep real property in 'acceptable' condition. The township estimates that $300 of the fines issued in 2023 will be uncollectible. The...
-
Consider the pulley system below supporting an object with mass m. As- sume gravitational acceleration to be g, that the pulleys are massless and friction- less, and the string is massless and...
-
With the increasing prominence of ecosystem-based business models and strategic partnerships, how do companies cultivate collaborative networks and alliances to amplify capabilities, co-create value,...
-
If one country dropped an atomic bomb on another country, that country would retaliate and drop a bomb on the attacker. This is an example of?
-
Portsmouth Company makes upholstered furniture. Its only variable cost is direct materials. The demand for the company's products far exceeds its manufacturing capacity. The bottleneck ( or...
-
Khloe Company imports gift items from overseas and sells them to gift shops and department stores throughout the United States. Khloe Company provided the following information: a. The October 31...
-
the net income for skysong, inc for 2022 was $319,100. for 2022, depreciation on plant assets was 6,800 and the company incurred a los on disposal of plant assets of 26,600. Compute net cash provided...
-
6. What is the router command to configure a static route from LAN A to LAN B for the network shown in the Figure below? 10.10.108.0 NET LAN A 10.10.50.0 NET 10.10.100.1 10.10.100.2 Subnet Mask LAN B...
-
On 1 July 2021, Croydon Ltd leased ten excavators for five years from Machines4U Ltd. The excavators are expected to have an economic life of 6 years, after which time they will have an expected...
-
What is the purpose of corporate earnings and profits? Why isn't taxable income used to determine if a distribution is a dividend?
-
David received a gift of stock from Ted this year when the stock was worth $24,000. Ted purchased the stock for $18,000 five years ago and paid $2,000 of gift taxes on the gift. What is David's basis...
-
Oscar (age 70) and Maggie (age 60) were married and jointly owned a personal residence valued at $3,800,000 when Oscar died in 2013. Oscar also owned stocks valued at $4,700,000; an art collection...
-
Why is it important to test a theory? Why not simply accept a theory if it sounds right?
-
What is the intuition behind the geometric growth in interest?
-
You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in 1 year. If the colleges discount rate is 4%, how large will the annual...
Study smarter with the SolutionInn App