Investors have been very worried of late about Steve Jobs’ health. The CEO of consumer technology firm Apple Inc. had a cancerous tumour removed in 2003, though investors were told much later. There have been renewed worries about the tech icon’s health this week —and the company’s shares have been in a spot of bother as a result.
Apple argues that the state of his health is a private matter. True. But the recent episode does offer an offbeat test about the strength and depth of any organization. How dependent is it on the man or woman at the top?
Jobs dominates Apple, which is not necessarily a good sign, especially in a large firm. The presence or absence of one individual —even if he is as talented as Jobs clearly is—should not alter the ability of an organization to stay on course and adapt to the future.
Let’s ask this question about Indian organizations, not just companies, but also political parties and even NGOs. Too many of them are dependent on a single person. Not a good sign.