A recent survey of the nation's top CEO's concludes that innovation remains the lifeblood of business. "For CEO's today, it's all about achieving growth and efficiency through innovation. It's not about product innovation so much anymore as about innovating business models, process, culture and management." (April, 2006).…
It was a cold dreary morning on December 20, 1999 as Dean Kamen – inventor, founder and owner of DEKA, a Manchester, New Hampshire R&D company – began his annual speech to his employees. The entire staff had gathered “to hear him talk about the past year, the year ahead, and whatever else had been gnawing at him lately. The speech was usually equal parts lecture, oration, pep talk, and homily, all of it seasoned with wisecracks. After the speech, Dean always called each employee’s name and gave out Christmas bonus checks, along with handshakes for the men and hugs for the women.”1[77] Bonuses were especially important at DEKA, where engineers worked for below-market salaries and received no stock options. Now Kamen was wondering if he could continue this approach. DEKA had attracted some of the brightest engineers because of Kamen’s allure and DEKA’s cutting edge projects. But for the first time, recruitment and retention were becoming issues. In the midst of the Internet boom, many of the most attractive engineering candidates were looking for positions that offered compensation packages that included stock options and salaries higher than what Kamen was willing to offer. Kamen’s long-time friend and most trusted lieutenant, Mike Ambrogi, had recently accepted a job at Sycamore Networks, which had offered Ambrogi a lucrative compensation package that included stock options. In 1999, DEKA had a difficult year, several projects were canceled or behind schedule, and many of the gathered staff had concerns that these cancellations and delays would diminish, if not eliminate, their bonuses. DEKA employees were also concerned about stock options, which had been promised only to employees on a secret project that many had never seen. Kamen had created a separate company within DEKA to design and manufacture a product that the team had nicknamed “Ginger.”2 Kamen…
Question: Do research on the web to find an example of a major IT-related project in which the actions of the business managers made a major difference (either favorable or unfavorable) in the outcome. Document what you think were the key actions taken by managers, and the key missed opportunities to take action.…
Henson, Ramon. "Faculty Insight: The Leadership of Steve Jobs." Rutgers Business School. N.p., 1 Nov. 2011. Web. 06 Sept. 2012. .…
Steve Jobs is the co-founder and chief executive officer of Apple Inc. He is also the chief executive of Pixar Animation Studios and is a board member of Walt Disney Company. His creation of the Apple computer, however, is his well-known accomplishment. His personality can be described as aggressive and demanding. He is also considered as one of Silicon Valley’s leading egomaniacs. Mr. Jobs has always aspired to position Apple and its products at the forefront of the information technology industry. He has accomplished this by foreseeing and setting trends in innovation and style. Jobs has made history in the business world which, “… has contributed much to the symbolic image of the idiosyncratic, individualistic Silicon Valley entrepreneur, emphasizing the importance of design and understanding the crucial role aesthetics play in public appeal” (Wikipedia). His forward driven mindset for developing products that are both functional and elegant has earned him a devoted following. His ability to use all four aspects of the Situational Leadership Model in his line of work has made him one of the most successful businessmen today. This case analysis will show how Jobs used the Situational Leadership model to make Apple one of the most innovative computer and technology companies today by effectively using the following leadership styles: selling, telling, participating, and delegating.…
The Power of Virtual Integration: An Interview with Dell Computer’s Michael Dell by Joan Magretta.…
Steve Jobs has been labeled a visionary by many, and rightfully so. Though he may not be the tech celebrity that he once was, nor is his name any longer so strongly associated with the basic, commonplace components of software and hardware design that he helped to pioneer and that computer users the world over take for granted, the charismatic, passionately counterculture chief executive officer of Apple Computer was once the most important individual in Silicon Valley and even today dictates the trends and, some would say, overall health of the industry, continuing to drive innovation.…
Through the review of chapter 2 and chapter 5 in, “What the Best CEO’s Know: 7 Exceptional Leaders and Their Lessons for Transforming Any Business,” (Krames, 2003, pp. 55-77 and pp. 131-152) Andy Grove is antiquated in his theories and strategies on managing a business which worked for him as opposed to Michael Dell’s refreshing and simple take on how to manage a business which is why he is more relatable to the business professional.…
Himmelstein, L., and B. Elgin. "Tech 's Kickback Culture." Business Week (February 10, 2003): 74-77.…
Focus: What is the role of the CEO in a large, complex enterprise? What makes a CEO effective? According to Porter and Nohria (2008), a CEO is the epitome of leadership, who exercises ultimate power, and is responsible for making the most critical choices facing an organization. However, even though the CEO is powerful, multiple constituencies can exercise power as well, i.e. the board of directors. This paper is based on observations and findings from a workshop, which was an intensive two-day program for newly appointed CEOs, developed at Harvard Business School in the mid 1990s. The results stems from observations of more than 100 CEO’s of large, complex organizations. The CEO and the function of leadership CEO’s must ensure that the functions involved in managing any organization are performed to a high standard. Several functions involved in modern management practice have been developed, which can be divided into these categories: 1. Direction – Setting the strategy for the organization, and setting specific financial goals that the organization will seek to achieve. In addition, identifying organizational values and ethical standards should be regarded a part of setting direction. 2. Coordination – Setting the stage for the organizational structure, in which both structure and processes must align with the overall organizational strategy. 3. Commitment – A leader has to provide financial and other incentives to ensure broad commitment to its mission, which must align with strategy and goals. 4. Implementation – Systems, such as budgeting, management development and performance reviews are required to ensure timely implementation of the organizations goals and strategy to the highest possible standards. 5. Selection – The recruiting and retention of the management team, especially the direct reports to the CEO, is another vital function of…
Hill, L.A., 2088. Where Will We Find Tomorrow 's Leaders? Harvard Business Review, 86(1), pp.123-29.…
Cio-today.com (2013) CIO Today | CIO Today. [online] Available at: http://www.cio-today.com/section.xhtml?category=194&full_skip=1 [Accessed: 24 Feb 2013].…
Michael Dell’s main contribution to the field of technology was by involving the customers from the very beginning of the business model. He started building computers for each customer by individual order, giving each one exactly what they wanted, listening to each one all along the way. He made the customer…
In this article Dan Primack introduces us to the memo written by Michael Dell in which he gives a detailed outline of Dell’s plans for the future. One of the big…
Dell Computer Corporation was established in 1984 and today ranks among the world's largest computer systems companies. Dell pioneered the concepts of selling personal computer systems directly to customers; offering build-to-order computer systems; and providing direct, toll-free technical support and next-day, on-site service. The company designs and customizes products and services to end-user requirements, and offers an extensive selection of peripherals and software.…