Apple Inc is a success
story. The company currently wears the crown of the share market, and is the
talk of Wall Street. The one man responsible for what Apple is today is
undoubtedly the charismatic Steve Jobs. Jobs had ability to create value for
shareholders and employees, and to define their industry to both competitors
and consumers alike. His focus was on a long-term vision that trumps the
quarterly drumbeat of the Wall Street yet. There was his shrewd use of capital
to grow his company and to cripple competitors. And above all, there was his
desire to connect completely with customers so his product would almost sell
itself. If you think, all these awe inspiring characteristics are sole Steve
Job stuff, then think again. There are five CEOs who will remind you of Jobs
the way they think and carry out themselves, read on to know these CEOs as
compiled by Market Watch.
#1 JAMES SINEGAL, COSTCO
James Sinegal is co-founder
and former CEO of Costco, an international retail chain. Sinegal
like Jobs was innovative business builder, a guy with a long-term
focus on shareholder value and connecting with consumers in new ways. Sinegal
co-founded Costco and has been president since 1983. It is his innovations that
made Costco the first warehouse club to include fresh food, eye-care clinics,
pharmacies, gas stations and other businesses previously thought out of place
on retail floors. Shares of Costco are up 2,800 percent and have paid modest
dividends since 2004, all credits to Sinegal. Something which places both Jobs
and Sinegal in same league is Sinegal’s desire to put “user experience” above
everything else. Being in retailer business, where customer satisfaction is a
priority and which in turn cannot be achieved unless the employees are happy,
and motivated. About four out of every five Costco workers get health care and
benefits, even though about half are part-timers. The average wage is $19 an
hour, and there have been no layoffs in the recession. And there is one
more category where Sinegal can be considered a step ahead of Jobs, while Jobs
outsourced work to Asia, Sinegal managed to create an industry leader that
offers livable wages to almost 150,000 Americans.
#2
JOHN C. MARTIN, GILEAD SCIENCES
Gilead Sciences is an
American biotechnology company that discovers, develops and commercializes
therapeutics. The company’s CEO John C. Martin has been the brains behind one
of the fastest-growing drug stocks on Wall Street since taking over in 1996.
The stock is up about 2,700% in those 15 years.He, like Jobs was credited with
well doing of the company, and like Jobs Martin understood how to take
calculated risks and use capital responsibly to grow and squeeze out
competitors. After riding high due to successful antiviral medications
including flu vaccines, in 2006 Gilead made quality acquisitions to enter into
the profitable cardiovascular and respiratory markets.The company is currently
into HIV research, and if it succeeds, it too can make a product which will
bring revolution in medical world like iPhone brought in consumer electronics
world.
3
LARRY PAGE, GOOGLE
Larry Page is an
American computer scientist and Internet entrepreneur who, with Sergey Brin,
co-founded Google. On April 4, 2011, he took on the role of chief executive
officer of Google.As the company’s mission statement goes “to organize the
world’s information and make it universally accessible and useful,” which is
all about considering customer satisfaction as priority which was same with
Apple.If Apple’s iOS can give a run for money, so does Android, and this mobile
platform is now the world’s widely used mobile OS. Like Apple whose products
iPhone, iPad and iPod have utter dominance in their category, Google has the
utter dominance in its products like Google Maps, Google Ads and, of course, Google
search.
#4
JIM SKINNER, MCDONALD’S
James Alan Skinner is
an American business executive. He was the Vice Chairman and CEO of McDonald's
Corporation.Skinner began his career with the food chain as a lowly restaurant
manager trainee in Illinois about 40 years ago, and was not a founder, unlike
Jobs who was the founder of Apple. But like Jobs, he was called upon to
revitalize McDonald’s.McDonald’s price in 2000 to 2003 was plummeted from a
high above $33 to around $13. The company was struggling under many negative
perceptions — unhealthy food and poor working conditions among them. But thanks
to Skinner who was named CEO in 2004, McDonald’s stock is now at about $87 per
share and is considered as a healthy food chain too.In his efforts to
revitalize the company, his main plan is to refocus on the customer. The menu
got healthy. The Dollar Menu was added. The 24-hour drive-through window, the
McCafe line of coffee, Wi-Fi access points and the first major store redesign
since in 1970s was designed to win back customer loyalty. And it worked
big-time.
#5
JEFF BEZOS, AMAZON.COM
Jeffrey Preston
"Jeff" Bezos is an American entrepreneur who played a key role in the
growth of e-commerce as the founder and CEO of Amazon.com, an online merchant
of books and later of a wide variety of products. Under his guidance,
Amazon.com became the largest retailer on the World Wide Web and the model for
Internet sales.He is single handedly responsible for the growth of company’s
shares, up about 12,700 percent since 1997. Amazon was the first true
e-commerce success story. Now people talk
Amazon’s Kindle Fire as an iPad competitor, but the matter of the fact
is, original Kindle arrived in 2007, just a few months after the iPhone was
born and while viability of “e-books” still was uncertain.According to
comScore, an Internet analytics company, in June 2011 Amazon was visited by 282
million people, or we can put it like-- 20.4 percent of the world’s online
population.
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