Contemporary business leaders Essay Example | Topics and Well Written Essays - 1250 words

Contemporary business leaders - Essay Example rectors and well as the National Football Foundation, and in 2014, he was made a public declaration that he was gay, making him the first chief executive of a Fortune 500 company to make such as a declaration. After Tim Cook Graduated from the Auburn University, he worked for twelve years in IBM personal computer business and eventually served as the director in charge of North American Fulfilment. He went on to serve as the Chief Operations Officer in charge of the computer reseller section on Intelligent Electronic and then became the president for Corporate Materials at Compaq for a short period. Cook joined Apple in 1998 after he met the then CEO, Steve Jobs for the first time with his first assignment being to become the Senior Vice President, where Cook stated that the management approach he preferred could be compared the dairy business, where if the product goes past its date for freshness, then there is a problem. In his role as the Senior Vice President, he closed factories as well as warehouses, and replaced them with contact manufacturers, which resulted in a significant reduction in the inventory of the company from several months to a few days (Jose, 2014). After forecasting its significance, his group made investments in long-term deals including prior investments in flash memory from 2005, and this guaranteed a steady supply of a critical component of various Apple products including the iPhone, iPad and iPod nano. The actions that were taken by Cook at Apple were considered to have reduced the costs of production and together with the design of market savvy of the company, were a source of great profitability. At the beginning of 2007, Cook was appointed as the Chief Operations Officer and went on to serve as the CEO in 2009, in an acting capacity when Steve Jobs had taken a leave of absence so that he could manage his failing health. At the beginning of 2011, the Board of Directors of the company approved the third medical leave of absence for