Thursday, 5 November 2015

ENTREPRENEURIAL TRAITS: VISIONARY

Visionary means that a person who has the ability to imagine how the country, society, and industry will develop in the future and to plan in a suitable way. An inspiring vision not only presents a glorious future but shows how the individual can work towards it in the current job. For example Steve Jobs who started Apple Computer with Steve Wozniak in 1976. Jobs and Wozniak has revolutionized the computer industry by democratizing the technology and making machines smaller, cheaper, and accessible to everyday consumers. After selling their Apple I, they introduced Apple II and their products gain attention to all the consumers. Their sales increased and in 1980, Apple Computer became a publicly traded company on the first day of its trading.
However, the next several products from Apple suffered significant design flaws, resulting in recalls and consumers disappointment. The other company which introduced IBM suddenly surpassed Apple in sales, and Apple had to compete with an IBM computer who dominated the business world. In 1984, Steve Jobs did not give up and released the Macintosh, selling the computer as a piece of a counterculture lifestyle, which were romantic, youthful, and creative. Despite the positive sales and performance superior to IBM’s PC’s, the Macintosh was still not IBM-compatible. Steve Jobs was then phased out by the company’s executive because they think that Jobs does not cooperate to make profit to the company.
Steve Jobs then went back to the company and became Apple’s CEO. In 1990s, he was then revitalized the company just as he instigated Apple’s success in the 1970s. A new management team was created to alter stock options and only takes yearly salary of $1, Jobs put Apple back on track. His ingenious products like the iMac, effective branding campaigns and stylish designs had caught the attention of consumers in America once again.
          Steve Jobs did not stop just selling computers but then Apple introduced such revolutionary products such as the MacBook Air, iPod and iPhone, all of which have dictated to the evolution of modern technology. Almost immediately after Apple releases a new product, competitors scramble to produce comparable technologies to compete with Apple. In 2008, Jobs innovation has made iTunes became the second-biggest music retailer in America.

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