Steve Jobs resigns from Apple
Jobs has been suffering ill health for years but he gave no reason for his sudden announcement in his resignation letter. He does however recommend that Tim Cook be appointed his successor as part of an existing "succession plan".
The chances of replacing a leader like Jobs are slim to none. The same thing was said about GE’s legendary Jack Welch when he retired, and Welch wasn’t anywhere near the lofty status of Jobs. And it turned out to be true: GE under Jeffrey Immelt has never been the same.
In the short-term, a Job-less Apple should be okay. The current product pipe line is already set, and versions 18 months from now are already in the works. While Apple will miss the marketing showmanship of Jobs at product launches, iPhone 5 should still be a huge success.
In fact, Apple might fare better without Jobs in at least one upcoming service, iCloud. “Jobs really didn’t get the back office,†says tech analyst Rob Enderle. “He was strong on hardware and user experience but weak on services, which includes the Web. The cloud might actually go better without him.â€
The bigger loss will be felt down the road, namely Jobs’ ability to visualize markets and execute on future products. “Only about 5 percent of people can imagine something, play with it in their mind and visualize the outcome,†executive leadership expert Paul David Walker, author of Unleashing Genius, told me. “Jobs is in the 1 percent of that 5 percent.†(For more on my Q&A with Walker, check out Leadership Lessons from Apple CEO Steve Jobs.)
Job’s ability to work with engineers will also be sorely missed. Engineers, says Walker, respect his intellectual acumen and cognitive skills. He could take their ideas and turn them into products that sell. Despite his reputation as a tough boss, “Steve Jobs is an engineer’s greatest ally,†Walker says.
Adds Enderle: “He was the perfect counterpoint to the typical engineer who tends to go feature crazy but has no idea how to sell a product. If Jobs couldn’t figure out how to sell it, it didn’t go in.â€
There’s no question Jobs attracted top talent in every corner of Apple. People wanted to know what is was like to work for an iconic leader. With Jobs gone, expect an exodus of talent at Apple. “He held a lot of talented people in the company,†Enderle says. “They have been leaving quietly for months in anticipation of his departure. I expect that will accelerate now.â€
Unfortunately for Apple, Jobs also didn’t help the company prepare for life without him.
“Steve Jobs redesigned Apple around his unique skill set, and then not only didn’t mentor a replacement but blocked the board from creating one,†Enderle says. “That has just become a problem. Apple will have to change. Like Disney after Walt, that change is likely to eventually be very painful.â€
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