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Transformational Leadership Success Story

Steve Jobs Turns Apple Back To Profitability

   Steve Jobs success story: Transformational Leader Apple example

 
Steve Jobs advice quotes

Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.

Steve Jobs

Apple

 
 

Steve Jobs did wonders as his company teetered on the brink of collapse.

"The cure for Apple is not cost-cutting. The cure for Apple is to innovate its way out of its current predicament," said Steve Jobs and managed to completely turn the company around and back to profitability.

    

 

 
 

Having left Apple in 1985, Steve Jobs founded NeXT Computer.

Meanwhile, Apple Computer has been struggling and in 1996, it bough NeXT for US$402 million, bringing Steve Jobs back at the helm of the firm he founded. Steve Jobs proved to be a great transformational leader.

When Steve Jobs returned to Apple in 1997, he looked at the number of proposed research and development projects. Then he stopped most of them. Today, the Apple brand is known for its lean venture strategies, small but value-added product range and great launch program. The impact of this simple change, according to Jobs, "comes from saying 'no' to 1,000 things to make sure we don’t get on the wrong track or try to do too much.”

 

 
 

The strategy has served him well. Apple Inc. has regained its foothold in the computers and electronics industry and has even successfully branched out into the portable music business with the iPod MP3 player, iTunes digital music software and the iTunes Music Store.

 
 

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