Steve Jobs stepped down from the position of Apple CEO on 24 of August, 2011 on account of his ailing health. He was one of the most admired CEOs of the world with his acceptance being in customers and employees alike. He was the man who saved Apple during 1997 when the latter was on the verge of turning completely bankrupt. He revived the business of Macintosh computer; developed excellent new products like the iPod, iPhone and iPad. Chief Operating Officer Tim Cook was appointed by Steve Jobs as his successor but Apple is faced with a big challenge in that Mr. Jobs had unusual influence on the corporate culture and strategies.

Biz Stone has worked as the creative director of Twitter Inc., the inimitably successful microblogging site with no competition so far.  But recently, Stone resigned from that post on account of his decision to join the startup Obvious along with another Twitter co-founder,  Evan Williams.  However, we do not know much about he company profile of obvious.  What Obvious is going to offer remains as big a mystery as whether there is life on moon or not. Steve Blank has defined a startup as “An organization formed to search for repeatable and scalable business model. “In other

And now Yahoo is for sale. Yahoo was once the leading search engine and three biggest competitors Yahoo have been- Google, Facebook and Apple. All three of them have created an environment in which companies like Yahoo are finding it difficult creating a niche for themselves.

Yahoo has simply turned into a laggard in the heavily competitive world of advertisements. Google and Facebook are simply eating Yahoo alive and have created a question of survival for Yahoo It is the time when 17 year history that can be equated to the emergence of the internet, ends.  Needless to say that Yahoo couldn’t match the pace of innovation taken up by the companies in question. It is a testing time for Tim Morse who is now the interim CEO of Yahoo. Yahoo’s second-quarter results were its worst since 2005.  Carol Bartz, the ex-CEO, proved to be unable in reviving company’s profits and revenues.  Everything has worsened since the upsurge of Facebook as an IT company. Other factor that catalyzed the downfall of Yahoo was Google going public in mid-2004.  But despite all quandaries being faced by it, Yahoo is the second most popular search engine after Google.  Plus, Yahoo remains the fourth most visited website with estimated 590m monthly visitors.

0 Comment   |   Posted in Software Development August 30, 2011