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The Evolution of CEO Success and Steve Jobs
Companies undergo significant transformations as they grow, and the success of CEOs can vary dramatically throughout a business's lifecycle. Historically successful companies like Yahoo and BlackBerry saw their leadership remain static, resulting in a decline as market dynamics changed. This highlights that no universal archetype exists for a great CEO; individual effectiveness can wane. The case of Steve Jobs exemplifies this, as his early decisions at Apple—including the creation of the ill-fated Lisa computer—demonstrated his shortcomings as a CEO at that time. However, Jobs evolved during his second tenure by acknowledging his strengths as a visionary while delegating operational responsibilities to Tim Cook, who excels at execution. This partnership between vision and operational management is crucial, suggesting that visionary CEOs should empower others to handle the mechanics of the business to achieve sustained success.