Power Point: Understand Jobs’ job
“I think that people overstate that [Steve] Jobs designs every single product and every single piece of software. What [Jobs] has done is put the DNA in the company.”
– Daniel Ernst, analyst for Hudson Square Research, to CNNMoney.com in reaction to today’s news that Jobs’s alarming weight loss is likely due to a hormone imbalance. Actually, Apple’s (AAPL) CEO explained his job to Fortune this way in March, 2008: “My job is to not be easy on people. My job is to make them better. My job is to pull things together from different parts of the company and clear the ways and get the resources for the key projects. And to take these great people we have and to push them and make them even better, coming up with more aggressive visions of how it could be.”
For months now, people have been yammering about Steve Jobs’ health. Partly on the (now disproven) basis of the imminent death of Jobs, and partly on the the (soon to be disproven) conviction that Apple’s growth would be seriously curtailed as a result of the recession, the stock has been “herded” by short-sellers into a 50% drop in value.
But even a modicum of reason would have given the lie to both these overblown fears. The reality is (1) that Apple will come out of this recession in far better condition than its competitors, and (2) that Apple’s creative spark is not dependent on Steve Jobs for existence, merely enhanced.
Damn straight.
I think that Steve’s Third Act may end up being his most impressive. That’s the one in which builds the team that can keep it going.
By the way, what Steve says here is a paraphrasing of the 3 simple things that leaders do: (1) setting expectations; (2) providing feedback; (3) getting resources. I don’t care whether you’re General Patton or Steve Jobs, that’s all you need to do.
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It turns out that the rumor posted on gizmodo was pretty acurate – including the mention of some kind of conclusion to the drama in spring which Jobs also mentons in his letter. There are multiple ways to interpret the connection between the two. The worst of which, which is implied by the Wall Street Journal today, is a recurence with a terminus, which would also explain the surgery Jobs admitted having earlier in 2008. Hopefully, there is no cancer. Another explanation is that his health is declining but there may be a turn around. Even if the later is true, I wouldnt rule out retirement by the end of 2009. I’m still long on aapl but you mistakingly down play Job’s irreplaceable genious. I question also his choice in leadership since he was fired from Apple by one of his own choices.