Developing Entreprising Individual

Running head: DEVELOPING ENTREPRISING INDIVIDUAL
DEVELOPING ENTREPRISING INDIVIDUAL
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1. Introduction
Entrepreneurship skills play an important part in upholding the efficiency of the business
operations while operating in different markets. The key aspects of change in the organizational
operations are reliant on the decisions and the long term visionary of a leader. On the other hand,
the risk taking principle of an entrepreneur serves as a growing opportunity towards the
improvement of the firm’s position in the markets. In this connection, the report will identify the
entrepreneur’s role played by Steve Jobs and will assess the entrepreneurship journey in the light
of the FACETS model. The overall research will be initiated with the purpose of identifying the
entrepreneurship skills in Steve Jobs and the manner in which it contributed to the competitive
edge of the organizations.
2. The success story of Steve Jobs
Steve Jobs was born in the year 1955 and was an American businessman, owner and
CEO of Apple Inc. and Pixar Animation studios (Becraft 2016). His early life started in San
Francisco and went to Reed College for a semester before he dropped out of the institute. In the
year 1974, Jobs took the position of a video game designed with Atari after what seems to be a
long wait for a technological field of his choice (Yun, Jung and Yigitcanlar 2018). Next Steve
took to business and introduced himself as a businessman in the Silicon Valley and was closely
associated with Apple. Steve Jobs along with Wozniak founded the Apple Inc. in the year 1976
and since then contributed immensely to the growth of the organization among its competing
firms (Hammershøj 2018).
The continuous innovation that was made by Apple Inc might be accredited to the ideas
and leadership of Steve Jobs as the empowered the employees and motivated the same to come
up with innovations. In an interview held in the year 2007, Wozniak stated that at their time very

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few people were aware of the chips and computers when he and Jobs started designing
computers (Levy 2016). Moreover, Wozniak commented that he and Steve Jobs had an
independent attitude towards work which helped them a lot in setting up the organization (Bell
2017). In the later years, Wozniak and Jobs conceived a series of computers with Jobs as the
marketer for the organization where Apple I earned a revenue for the organization of about
$774,000 and the introduction of Apple II raised the sales revenue of the organization by 700%
(Facts and Dagen 2016). It was noted that the continuous innovations made by the organization
was made through the active support and contribution of Steve Jobs and Wozniak.
However, in the next few years, the organization faced stipulating competition from the
existing players like IBM in the market. Jobs was moved to a marginalized position in the
organization believing that he was affecting the operational sustenance of the venture. Jobs
introduced a new hardware and software enterprise named NeXT Inc. in the year 1985 after
leaving Apple (Hammershøj 2017). The organization flourished and was later acquired by Apple
Inc. Again in the year 1986 Steve Jobs purchased an animation company from George Lucas and
entitled it as Pixar which merged with Walt Disney in the year 2006, leaving Jobs as the largest
shareholder of Disney (Becraft 2016). In the year 1997, Jobs returned to his post of a CEO in
Apple Inc and started instigating the organization towards its success through improved
modeling and campaigns. The innovative genius of Steve Jobs critically supported the success of
the organization while empowering the future steps towards sustenance. Today, Apple Inc. is
counted among most of the trusted brands with increased innovativeness.

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3. Theory and framework
3.1 FACETS model by Bolton and Thompson
The FACETS model by Bolton and Thompson will be considered for identifying the
critical skills and techniques of an entrepreneur. The imposition of theFACETS model would
support in identifying the Focus, Advantage, Creativity, Ego, Team spirit and Social attributes of
Steve Jobs while evaluating his role in the organizational operations. The current section will
enumerate the different critical elements of the model.
 Focus: The Focus related aspect in the model aims at identifying the urgency and the
focus of the entrepreneur and their commitment towards the effectiveness of the business
operations while meeting the deadlines of the projects. According to Yang and Andersson
(2018) ,the focus related element in the FACETS model is important as it assists in
judging the decision making capability of an entrepreneur while devising the strategies as
per the urgency of deadlines. Therefore, the delineation of focus of an entrepreneur play
an important role in deriving the importance of the part played by the same while
operating as per the common goals of the venture.
 Advantage: The advantage of the different strategic elements that are planned by the
entrepreneurs are specifically reliant on the long term vision and entrepreneurial
expertise. The strategic operations of an organization are based on the vision of the
entrepreneur and the manner in which the same are imposed on the organizational model.
It has been observed that the strategic planning attributes of a leader provides the
organization with a competitive edge over the existing players in the markets.
 Creativity: The creativity and innovativeness of a leader empowers the design of the
processes and the propositions that are made by an organization. In this connection, the