Three ways to identify the business opportunities : 1-observing trends

2- solving a problem

3-finding gaps in the market place

with Hewlett Packard and also a ham radio operator. Steve learned a lot about electronics and other things from his new friend. By working with heathkits' Steve learnt how electronic gadgets were built. Despite the lack of resources, Steve and Wozniak designed the first computer and made its prototype in Steves garage. Upon completion, Steve showed the system to a local electronics equipment retailer. Impressed by the design, he ordered 25 systems. Steve's friend, a retired CEO from Intel, helped him develop marketing strategies for selling their new product. Enthused by the success of their invention, Steve and Wozniak set up a company in 1975 to produce and sell small computers. To get the required capital, they sold some of their most valuable possessions: Wozniak sold his HP calculator and Steve sold his Volkswagen van. Together they raised $1,300. Apple III's second innings proved to be very fruitful; the product became couple of very popular with computer professionals. The company grew at a very healthy rate for the next years. Apple's sales amounted to $583,000,000 in 1982, a 74% increase from 1981. Also, the company's net earnings stood at $1.06 per share in 1982, which was up 55% from the previous year A power struggle between CEO of Apple Inc., John Sculley and Steve Jobs has led to his dismissal in May 1985 by the board of Apple from the post of Vice-President as well as the post as head of the Macintosh division. In 1985, Steve formed a company named NeXT (Next) 13 and planned to come out with the next generation of PCs that would be superior to Apple computers. The very next year, Steve also bought Lucasfilm, a movie studio, for $10 million and incorporated Pixar Animation Studios. Sculley was eventually forced out from Apple after the drop in sales and market share in 1993. In late 1996, Apple's CEO Gil Amelio (Gil) proposed to buy Next and asked Steve to sign a contract to work at Apple for a certain period of time, which Steve did not agree to. At a board meeting, Steve proclaimed that he could not sign the contract because he did not want to disappoint anybody at Next. By rejecting the deal, he proved that Gil wanted the deal more than Steve did. Thanksto his brillint neotiating skil, Steve was finally appointed 'informal advisor' at Apple, with no contractual commitments. Source: modified from excerpts of "Steve Jobs - The Silicon Valley Pioneer", IBS Center for Management Research (ICMR), http://www.icmrindia.org/, accessed on 31 Jan 2011] Steve Jobs- The Silicon Valley Pioneer interim CEO of leading information technology (UT) company le board. Considering the fact that the company's board itself had S3, this development was watched with interest by media and industry back was being seen as Apple's desperate attempt to survive one of its worst unted to $1.6 billion. The company reportedly needed a charismatic leader fortunes. Those who had followed Steve's career of lead Steve Jobs (Steve) was appointed the was ousted Steve in a coup in 1983, observers. Steve's come phases: losses for 1997 amo who could steer it back to profitability and revive its graph over the decades were not too surprised at these developments. Known as the wonderkid of the Silicon Valley, Steve feats. He was one of the few entrepreneurs who were reported to be 'as famous as a 1970s rock through the late-1970s, Apple was always in the news. During that period, the Wall Street Journal focused on Steve/Apple and did not cover entrepreneurial ventures like Intel even though it Bob Noyce, was the inventor of the silicon chip, which was at that time a revolutionary product, Steve gave the world its first personal computer (PC), Apple' and reinvented the PC years later by creat Macintosh:. also aesthetically pleasing, unlike the 'dull models available those days. Steve's research on the was known for pulling off seemingly impossible He made a successful business out of creating PCs that were not only user friendly but were resulted in the creation of the windows interface and the mouse technology, which went on to become standards in the software industry ssful entrepreneurial ventures like 'Pixar Animation Studio' and 'Next. Pixar Steve also established entrepreneurial the creator of award winning films Tiny Toy' and Toy Story, was known as the number one animation studio in the U.S. The operating system that Steve created at Next was acclaimed as a revolution development by the software industry. Not surprisingly, Steve earned rendered to the computer hardware and software industry. He received the National Medal for Technology in 1985 and The Jefferson Award for Public Service in 1987. He was named the Entre of the Decade in 1989 by Ine magazine. He was also placed 39th on the Advertising Age Top 100 Advertising People' list. many awards for the services he preneur Borm on February 24, 1955, Steve was the adopted son of Paul and Clara Jobs (based in Mountain View California, US). As a child, Steve was a bundle of curiosity. A machinist by trade, Paul taught Steve the basics of electronics. This laid the foundation of Steve's deep affinity for the subject. In late 1950's Steve met Larry Lang who had recently moved into the neighbourhood. Larry Lang was an engineer working