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Assignment 1: Entrepreneurial Leadership

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1. Analyze and describe the founding leader, leadership style, and major business principles of a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit.

“Entrepreneurship is the willingness to take risks to create and operate a business. An entrepreneur is someone who sees a potentially profitable opportunity and then devises a plan to achieve success in the marketplace and earn those profits.” (Boone & Kurtz, 2011) Being an entrepreneur involves taking risk, stepping out on a limb to take a chance on an idea. That is what Steve Jobs; CEO of Apple, did, he took a chance on an idea. Steven Paul Jobs was born in 1955 on February 24, and given up for adoption by his parents. (Isaacson, 2011) Job’s biological parents were two graduate students from the University of Wisconsin, who felt it necessary that their unnamed son be adopted by great parents that had went to college themselves. Jobs biological parents wanted the best for him and that included a great education. (Isaacson, 2011) Although Paul and Clara Jobs were not college or even high school graduates, they promised the biological parents that they would send Steve Jobs to college and started a savings account to fund his education.
Steve Jobs interest in technology was shaped by his father and the neighborhood he grew up in. The neighborhood was filled with engineers working on electronics and other gadgets in their garages on weekends. At a young age, Jobs met Stephen Wozniak, one the most important people in his life. Wozniak was an electronics wiz kid. Steve Jobs had his heart set on attending Reed College — an expensive liberal arts college in Oregon. The tuition fees were astronomical for the Job’s family, but they had promised Steve’s biological parents he would get a college education, so they relented. Jobs attend Reed…...

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