In term 1, we had Ms. Houlihan for business. We started by watching a video of former CEO of Burberry, Angela Ahrendts. We also read about defining a business. WE looked at a story of a business and how they overcame problems and finance and how the saw a gap in the market. We looked at who are the people involved in a business e.g entrepreneurs, investors, owners, consumers etc. and lastly we looked at the importance of a business and the importance of profit.
Revenues - Costs = Profit/Loss
We also watched a movie on Steve Jobs where we say his journey on launching the now famous Apple products. We looked at his failures and how people disapproved of the apple product, how he was fired and instead of him giving up, he started his own company, the NeXT which was a software that Apple would need. Here is my Movie summary of Steve Jobs.
Movie Summary:
Steve Jobs was a charismatic pioneer of the personal computer era. With Steve Wozniak, Jobs founded Apple Inc. in 1976 and transformed the company into a world leader in telecommunications. Widely considered a visionary and a genius, he oversaw the launch of such revolutionary products as the iPod and the iPhone. In the movie, Steve Jobs on Netflix, the film covers 14 years (1984–1998) in the life of Apple Inc. In 1984, the Apple Macintosh 128K's voice demo fails less than an hour before its unveiling at Flint Center. Apple co-founder Steve Jobs demands engineer Andy Hertzfeld to fix it, threatening to publicly implicate him in the presentation's credits if he does not. Hertzfeld finally suggests faking the demo using the prototype Macintosh 512K computer.
Jobs rants to marketing executive Joanna Hoffman about a Time magazine article exposing his paternity dispute with ex-girlfriend Chrisann Brennan – he denies he is the father of Brennan's five-year-old daughter, Lisa. Brennan arrives with Lisa to confront him – she is bitter over his denials and his refusal to support her despite his wealth. Jobs bonds with Lisa over her MacPaint art and agrees to provide more money and a house. Apple co-founder Steve Wozniak asks Jobs to acknowledge the Apple II team in his presentation, but Jobs feels that mentioning the computer (which he considers obsolete) is unwise.
By 1988, following the apparent failure of the Macintosh, Jobs has founded a new company, NeXT. Before the NeXT Computer launch at the War Memorial Opera House, he spends time with 9-year-old Lisa, but his relationship with Brennan is still strained – he accuses her of irresponsible behavior and of using Lisa to get money from him. Wozniak arrives and predicts the NeXT will be another failure. Jobs confronts him about his public criticism of him, and Wozniak questions Jobs' contributions to computing history. Jobs defends his role as that of a conductor, who directs "musicians" like Wozniak.
Apple CEO John Sculley demands to know why the world believes he fired Jobs – Jobs was actually forced out by the Apple board, who were resolute on updating the Apple II following the Macintosh's lackluster sales. Jobs lambasted the decision and dared them to cast a final vote on his tenure, despite Sculley's warnings. After Hoffman and Jobs discuss NeXT's unclear direction, she realizes that Jobs has designed the computer to entice Apple to buy the company and reinstate him.
By 1998, Apple had fired Sculley, purchased NeXT, and named Jobs CEO, and Jobs is about to unveil the iMac at Davies Symphony Hall. He is delighted by Hoffman's strong commercial forecasts, but furious that Lisa has allowed her mother to sell the house Jobs bought for them. Hoffman reminds Jobs that he threatened to withhold Lisa's college tuition – Hertzfeld admits that he paid Lisa's tuition and suggested she attend therapy. Wozniak again asks that Jobs credit the Apple II team during the presentation, and again he refuses.
Sculley arrives in secret and the two make amends. Jobs and Sculley discuss Jobs' life as an adopted child, and Jobs admits that his need for control stems from his feelings of powerlessness in being given up. At the behest of Hoffman, Jobs apologizes to Lisa for his mistakes and accepts that he is her father, admitting that he is "poorly made." Lisa watches her father take the stage to introduce the iMac.
I think Steve Jobs’ movie definitely should be played in business classes in schools and especially in student enterprises classes. While it's certainly true that his attention to detail and relentless drive led the company to create some of the most beautiful (and best) technology products the world has ever seen, his style of leadership was less than admirable in the beginning and had adverse effects on those working at the company. Eventually, Jobs' demeanor and an internal power struggle over disagreements on philosophies between him and CEO, John Sculley, led to his ousting from the company. In Jobs' eyes, this event was devastating. Although Steve Jobs is no longer with us, he truly changed the world with the products he helped shape, and lessons he imparted along the way. As an entrepreneur, Jobs taught us that it is challenging for a leader to be successful if they’re too reckless or unshakable in their way of thinking.
This intense drive for perfection often leads to the failure of young technology companies, that should be focusing much more seriously on validating their core product offerings, as opposed to perfecting them straight out the gates. Leaders do need to take risks along the way, pushing for the results they want to see in business while also accepting that there will be failures at times.
In the case of Jobs, he didn't allow his initial failure at Apple to define his life. He went on to learn from his experiences, create more businesses, and eventually return to help make Apple great again. Embracing his failure gave him the motivation to move further forward.
This is very important for young people to learn and watching steves movie is very inspiring!