Apple Inc. Company Analysis

1848 WordsMay 9, 20178 Pages
Apple Inc. was founded by Steve Jobs and Steve Wozniak in 1977, and the headquarters is primarily located in Cupertino, California. In 2011 Tim Cook became the new CEO. Apple has 116,000 employees, 35 key professionals including Tim Cook and he is also one of the eight board members. Apple Inc. Form-10K for their fiscal year ended September 24, 2016, shows that their net income has fluctuated over the years. In 2012, their net income was $156,508, 2013 was $170,910, 2014 was $182,795, 2015 was $233,715, and 2016 was $215,639. Finkle and Mallin (2010) states “the Apple Computer Company is arguably one of the most innovative technology companies to emerge in the last three decades and built Apple into a 32-billion-dollar company (p.31).…show more content…
The common thread that researchers never diminish regardless of their differing views on the definition of the concept is the level of importance that it possesses (Toma & Marinescu, 2013, p. 262). It is not uncommon for an individual to also identify with more than one leadership style. Because no two people are the same and their characteristics differ regardless if their approaches are similar, there were some challenges to overcome for Apple whenever the long-time CEO stepped down from his position shortly before his death in 2011. Steve Jobs led the company for a long period of time and his approach to leading Apple is different from that of Tim Cook. It is not to say that Tim Cook will never achieve the status within the industry that Steve Jobs did even if their methods are different. Steve Jobs. As an entrepreneur, the keys to Jobs’ success were broadcasted as the ability to “focus, simplify, take responsibility end to end, when behind, leapfrog, put products before profits, don’t be a slave to focus groups, impute, push for perfection, tolerate only “A” players and know the big picture and the details” (Isaacson, 2012/2013, p. 56). His methods have truly put him in the same league as many of America’s greatest innovators. Jobs’ ability to build Apple into a world-class organization and to bring the company back from near bankruptcy in 1997 are only two examples of his aim to be the best in the industry by continual
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