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The Difference Between Entrepreneur and Executive
There is an unwritten rule in enterprise that after a company goes public, the original founders should be ousted. The parable: entrepreneurs are nice for getting an organization started, but not so nice when Wall Street is looking over their shoulder. Part of this thinking is that founders of firms are mavericks, passionate doers with a vision, nontraditional of their approach to administration and outspoken - the kind of rabble rousing that makes buyers uneasy. (What is rabble rousing anyway?)
Passionate of their approach, some are seen as little more than televangelists who work their corporate gospel for all it's worth, but when confronted with real management challenges, their methodologies are revealed to be a house of cards.
To place it mildly, this is a gross generalization and highly inaccurate.
Case in point, Steve Jobs was an entrepreneur with a vision - created the greatest person-friendly pc in the world and took a byte (pun supposed) out of IBM's market dominance. Passionate and visionary, Jobs had in his corner Steve Wozniak to handle the construction of Apple. Before these guys, working on a computer required intensive knowledge of code just to do a easy task. Many a computer science main looked down at those that could not understand the fundamentals of a computer. Then Apple got here along and altered all that posturing by inventing a person-friendly laptop that required no code, no programming knowledge, just plug and play. With their visually intuitive interface, Apple redefined what working on a pc meant. They modified the computer business forever by creating computer systems for the rest of us.
So, it wasn't a mystery why Mac turned the pc of alternative for graphic designers - with it's focus on the graphical consumer interface and out of the box ease of operation, an Apple may very well be utilized by anyone. Before the Macintosh, all typesetting at ad agencies and design firms had to be despatched out to a type house to be set into those neat rows you see in magazines and newspapers. You by no means knew what the type would look like until it got here back. One improper calculation may break a piece. Calculating typefaces was a science only doled out to designers with a propensity for math. With applications like Pagemaker and WYSIWYG (what you see is what you get) interfacing, Apple ruined impartial typesetting firms overnight. Now all typesetting could be performed in house from your deskhigh and modifications might be made instantaneously. Apple was the David that slew Goliath and Apple consumers started to take on a cult-like obsession.
However all was not well at Apple. Jobs' direction for the company appeared at odds with CEO John Sculley. An influence battle ensued and the board of directors sided with Sculley - Jobs was forced out, and the press had a subject day. To an outsider it made no sense. To a seasoned businessperson, it wasn't soon enough. The founder whose ideology was what introduced the company to its current stage of profitability and notoriety was seen as a hindrance to the following phase of success. The myth of the entrepreneur, unable to take the corporate forward, prevailed.
At first, the executive crew took Apple down a road where it had never been earlier than, and profits have been the proof that all was working. Time would tell, nevertheless, that a new CEO, a number of years of lack luster sales, and a low stock price are sufficient to make even the most seasoned board of directors realize they might have made a mistake. The Macintosh started to look like an IBM clone. Just another computer.
For obvious reasons, Jobs was asked back in ninety seven and the Apple brand began to make a comeback. The entrepreneurial spirit returned and Apple stopped making products that looked like gray boxes and started putting the ergonomic designs back into their industrial design. Lessons learned from Jobs' NEXT laptop system had been integrated into the new PowerMac lines, and the iMac brought the Apple model back to profitability. This was an entrepreneur with executive and strategic execution.
Jobs brought the passion back to Apple. The myth of the entrepreneur had been broken. And let's not neglect Jobs' investment in Pixar before it was acquired by Disney. So much for the parable of the entrepreneur not understanding real business.
Conversely, executives who arose via the ranks of Wharton, Yale or Harvard realized the ropes of hard work and numbers crunching, eventually landing a key leadership position after quite a bit of seasoning, are just as valid. Many a business wants this style of administration to operate and with over 50 million businesses in the United States, I would say the keyity of them operate under this administration structure.
Just look at the number of law, accounting and engineering companies that must have critical systems in place to operate. This isn't just a cheerful accident, it's tried and true business 101. Many instances executives are introduced in to clean up the huge mess created by a founder who didn't know any better.
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