Leadership of Steve Jobs - Impact on Business and Project Lifecycle
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This report evaluates the leadership styles of Steve Jobs, the late CEO of Apple Inc. and its impact on project lifecycle. It includes the statistics of annual revenue, annual sales growth and annual employee retention rate of Apple to prove the ingenuity of Steve Jobs as a leader.
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Running Head: LEADERSHIP OF STEVE JOBS LEADERSHIP OF STEVE JOBS Name of the Student: Name of University: Author Note:
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1LEADERSHIP OF STEVE JOBS Executive summary Leadership is considered to be an important aspect for making progress in future. In fact, it provides a strategic advantage to the business organisations through the effective guidance of the leader. In this context, the report encompasses its discussion on the role of leadership and its impact on the business by emphasising the leadership qualities of Steve Jobs, the late CEO of Apple. As far as the leadership style of Jobs is concerned, it was a confluence of a number of leadership theories such as the charismatic leadership style, the trait theory of leadership and the transformational leadership. Based on the features of those leadership theories it can be stated that the effective leadership behaviour is related to the maximisation of profit and high quality of productions. The similar outcome can be seen in case of the Apple under the guidance of Steve Jobs. Henceforth, the report includes the statistics of annual revenue, annual sales growth and annual employee retention rate of apple to prove the ingenuity of Steve Jobs as a leader.
2LEADERSHIP OF STEVE JOBS Table of Contents Introduction......................................................................................................................................3 Discussion........................................................................................................................................3 Biography of the chosen person..................................................................................................3 Leadership style deployment.......................................................................................................4 Effectiveness of leadership behaviour.........................................................................................4 Impacts of leadership behaviours on project lifecycle................................................................6 Conclusion.......................................................................................................................................7 Reference.........................................................................................................................................8 Appendices....................................................................................................................................10 Appendix 1.................................................................................................................................10 Appendix 2.................................................................................................................................11 Appendix 3.................................................................................................................................12
3LEADERSHIP OF STEVE JOBS Introduction Leadershipin business is a subject to extensive research and focuses on the impact of the leadership on the business orientation of the company. Moreover, it can be argued that the role of the leaders is to make a better understanding of the organisational aims and in this regard influence and push the employees through his personality in order to achieve success and maximise profit for the company. Therefore, it is highly important for the leaders to imbibe such a character that can not only motivate theemployees but also encourage them to do tasks more passionately. Henceforth, this report is trying to evaluate the leadership styles ofSteve Jobs, the late CEO ofApple Inc. in addition to this, the effectiveness of the leadership quality of Jobs and its impact on project lifecycle are also incorporated into the discussion to establish a better understanding regarding the high influence of Steve jobs behind the success of Apple Inc. Discussion Biography of the chosen person Steve Paul Jobs, born in 1955 is famous for his ingenious creativity and foundation of Apple Inc. which is right now the most successful mobile phone company across the world. However, the initial phase was not so flawless for Jobs (Yu, 2013). Being a foster child and college dropout candidates Jobs faced severe challenges in his early phase of life. However, his creative mind-set drove to establish Apple in 1976 with the help of Steve Wozniak. However, he was forced out to Apple in the year 1985 but came back as the CEO again in 1997 (Steinwart & Ziegler, 2014). His comeback was also rejuvenating Apple and made it the most successful technology company with the production of epiciMac,iPodandiPhone.
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4LEADERSHIP OF STEVE JOBS Leadership style deployment In course of the discussion, it can be stated that Steve Jobs was not a person resembled with a single leadership style rather he was a blend of series of leadership styles. For an instance, Jobs was a right example ofcharismatic leadership style. It can be argued that his charismatic presence confluence with the creative mind-set led him impregnable even ousted him from the Apple Inc. in 1985 (Heracleous & Klaering,, 2014). In addition to this, it can also be stated that the leadership quality of Steve Jobs was also related to thetrait theory of leadership. According to Sharma and Jain (2013) the trait theory is a combination of different unpopular and unconventionalfeatures.Hissocialmannersareconsideredtobeamatterofquestion. Nevertheless, he was always proactive in his professions. Conscientiousness caused vision and self-beliefs for Steve Jobs that elevated him to the pinnacle of success. Furthermore, he was truly a follower oftransformationalleadership. In his research, McCleskey (2014) opined that the basic facet of transformational leadership is to create a better framework beyond the existing one. In case of Steve Jobs also he always preferred innovation over stability. It can be seen in every products that were manufactured in his tenure. Effectiveness of leadership behaviour According to Niebuhr, Voße and Brem (2016) it can be argued that the leadership qualities of Steve Jobs are rightly exposed through his different activities.Simplicityis identified as one of the major qualities that Jobs leadership characteristics portrayed in case of producing new features for the iPods. In the previous iPods the power on and off buttons were installed for saving the power. However, Jobs made it simpler and user friendly. In the new iPods he eliminated the traditional use of power on off button and replaced with more technologically
5LEADERSHIP OF STEVE JOBS advanced software. The Apple iPods were the first devices that could be on or off with a single swipe in the screen. On the other hand, Yukl (2013) showed that the leadership quality of Jobs was associated with aparadigm of proper guidance. He guided and assisted his employees through every possible steps and as a result of that the company was able to produce unique and reliable products. Furthermore, the leadership of Steve Jobs shaped the operational culture of Apple and the organisation took full responsibility for the product from end to end. The development team did a great deal of effort to ensure the quality and reliability of the products as Jobs always believed that developing trusts among the consumers was the most effective marketing strategy. Furthermore, in his research Hurley-Hanson and Giannantonio (2013) imposed deep focus on theinnovative ideasandcreativitythat Jobs leadership was resembled with. In this regard, Jobs was reluctant to maintaining the existing framework and always striving for new ideas and devices. It is also defined as a clear example of the transformational leadership. In this context, the Apple products were also focused on innovation rather than dealing with the maintenance of the products in future. As a result of that iTunes software was introduced that entitledtocreateanonlinemusiclibraryforthecustomers.Infact,therevolutionary modifications in the operating system helped Apple to enhance its brand value. Moreover, the design and the materials that used in the Apple phones were unique and beyond any competition. As a matter of fact, it can be stated by Sonnenfeld (2013) that the leadership quality of Steve Jobs wasdirectandenergetic. The high sense of effectiveness and the introduction of creativity made it more appreciable and acceptable to the employees. As a matter of fact, a strong bond and relationship between the employees and Steve Jobs made it more effective to build up a
6LEADERSHIP OF STEVE JOBS creative and winning team where each and every players mutually understood others’ perception. It helped to set up a strategic advantage for Apple to expand its market more aggressively. Impacts of leadership behaviours on project lifecycle It can be argued that the leadership quality of Steve Jobs helped Apple Inc. to develop a bettermarketizationintheinternationalcompetitivemarket.Therearesomeexquisite characteristic features imbibed in the leadership quality of Steve Jobs that enabled the company to reach the pinnacle of its business (Hackman & Johnson, 2013). Started his innovations through the Mac operating system the last innovative idea of Steve Jobs was the Apple iPhone. It can be stated that the advent of the iPhone in the international market changed the equation of the market extensively and as a result of that it became an important revolution in the global market. It can be ascribed that the role of the leadership in Apple was quiet effective enough in order to establish a better market globally. As a matter of fact, after regaining the control of Apple, Steve Jobs increased the sales of the Apple products by incorporating innovation (Odumeru & Ogbonna, 2013). As per the statistics it can be argued that in the third quarter of the 2007 theglobal sales of AppleiPhone was 0.27 million (Files.shareholder.com, 2017). However, at the end of the first quarter of 2018 it was escalated up to 77.32 million. This rigorous improvement in sales was due to the leadership and creative mind-set of Steve Jobs. On the other hand, the annual revenue of Apple was also increased evidently. With the growth in the market and the farsighted vision of Steve Jobs was the most crucial factor in this regard. As far theannual revenue of Appleis concerned, the company had achieved a revenue turnover of 8.2 million in the fiscal year of 2004. In 2010 it reached the level of 65.2 million
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7LEADERSHIP OF STEVE JOBS whereas the annual year of 2017 the growth reached atop with an annual revenue turnover of 229.23 million USD (Files.shareholder.com, 2017). It was obviously the charismatic leadership of Steve Jobs that fostered a huge brand image and enhanced the brand value as well. It cannot be exaggerate by stating that the effort and leadership maintained by Steve Jobs was succeeded to retain the brand image outstandingly. The annual revenue and the annual sales growth can prove it. Besides this, the progress can also be identified in the case of theannual employee retention rate of Apple. In this context, the annual report of Apple stated that the annual employee of Apple was 14.8 thousands. In course of time it increases up to 60.4 thousands in 2011. However, in 2017 the number of employees heightened almost double rate. In 2017 the employee number could be accounted 123 thousands approximately (Files.shareholder.com, 2017). It proves that the there was a good workplace culture in Apple Inc. that was created undoubtedly by Steve Jobs. His direct communication with the employees and a feature of trait leadership theory helped to shape the organisational culture more relaxed and in return the production and innovation increased rapidly. Conclusion The report tries to point out the role of leadership in delivering an advantage to the organisational activities such as increase in innovation and productivity. In this context, the report rightly derived inferences from the leadership quality of Steve Jobs in order to establish a better market capitalisation. Therefore, it can be concluded that the report is highly valuable and perfectly connoted the importance of effective leadership in a business organisation.
8LEADERSHIP OF STEVE JOBS Reference Files.shareholder.com.(2017).AppleAnnualReport2017.Retrievedfrom http://files.shareholder.com/downloads/AAPL/5927980435x0x970347/D2D0AE69- 856A-48FA-BE39-38C6D6D50256/10-Q_Q1_2018_As-Filed_.pdf Hackman, M. Z., & Johnson, C. E. (2013).Leadership: A communication perspective. Waveland Press. Heracleous, L., & Klaering, L. A. (2014). Charismatic leadership and rhetorical competence: An analysis of Steve Jobs’s rhetoric.Group & Organization Management,39(2), 131-161. Hurley-Hanson,A.E.,&Giannantonio,C.M.(2013).Stayinghungry,stayingfoolish: Academic reflections on the life and career of Steve Jobs. McCleskey,J.A.(2014).Situational,transformational,andtransactionalleadershipand leadership development.Journal of Business Studies Quarterly,5(4), 117. Niebuhr, O., Voße, J., & Brem, A. (2016). What makes a charismatic speaker? A computer- based acoustic-prosodic analysis of Steve Jobs tone of voice.Computers in Human Behavior,64, 366-382. Odumeru, J. A., & Ogbonna, I. G. (2013). Transformational vs. transactional leadership theories: Evidence in literature.International Review of Management and Business Research,2(2), 355. Sharma,M.K.,&Jain,S.(2013).Leadershipmanagement:Principles,modelsand theories.Global Journal of Management and Business Studies,3(3), 309-318.
9LEADERSHIP OF STEVE JOBS Sonnenfeld, J. A. (2013). Steve Jobs’ Immortal Quest and the Heroic Persona.Journal of Business and Management,19(1), 59-68. Steinwart, M. C., & Ziegler,J. A. (2014). RememberingAppleCEO Steve Jobsas a" TransformationalLeader":ImplicationsforPedagogy.JournalofLeadership Education,13(2). Yu, H. H. (2013). Decoding Leadership: How Steve Jobs Transformed Apple to Spearhead a Technological Informal Economy.Journal of Business & Management,19(1). Yukl, G. A. (2013).Leadership in organizations. Pearson Education India.
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