A major chunk of the companies who are successful today have faced their fair share of breakdowns and failures, giving the world the impression they may not recover from the blow. However, with all the effort the CEOs put into bringing these companies back on track, it is noteworthy to see the way these companies have turned out. Here’s a list of companies which bounced back from almost ceasing to exist to becoming one of the most valuable companies in the world.
1. Apple (Steve Jobs)
Probably one of the most successful stories of a startup bouncing back from destruction, Apple had a tough time coming back from the dead. When Apple hired Steve Jobs back as the interim CEO, he turned out to be the man who made the impossible possible. Steve Jobs realised one of the major things going against Apple was they were not thinking of doing something great with the company and were just stuck in the production phase for a long time. The moment he got back as the CEO, the first thing Jobs did was reduce the number of projects from 350 to 50 and then, to 10. A move that made him instantly famous with Apple’s Board of Directors, Jobs joined back as a full time CEO in 1997. Post this, he launched a series of new inventions like the iPod, the first ever iMac, iTunes and the iPhone! Increasing Apple’s stock by more than 9,000 %, Jobs was instrumental in bringing back Apple from near destruction. Today, Apple stands at a valuation of a trillion dollars. Unfortunately, Jobs was diagnosed with cancer and breathed his last in 2011, before he could see Apple become the revolution it is today.
2.Hewlett Packard (Mark Hurd)
When Mark Hurd took over for Carly Forina as the CEO of HP in 2005, he realised the company was in bad shape. At the time, HP had more people on their roster than they knew what to do. Further, this was also the point where HP was recovering from the extremely infamous Compaq acquisition of 2002. Hurd’s first move at ensuring the stability of HP was by decentralizing the staff and increasing the emphasis on field training, improving efficiency and increasing customer support. This move proved to be extremely favorable and from the years 2006 to 2009, HP’s profits increased to $ 80 billion, with the value of the shares doubling from its rate at the point. On a side note, despite ensuring the success of HP, Hurd was forced to step down as the CEO in 2010 post several allegations of sexual harassment.
3. Yahoo! (Terry Semel)
With companies plummeting into sure fire destruction, Yahoo! was one of the websites which suffered the most during the dot com bubble burst. Despite launching to a stupendous fan base before the burst, the mail platform just could not take off the right way. Terry Semel joined the board of Yahoo! as a CEO in the year 2001, with a wealth of experience as the Chairman of Warner Bros. When Semel came on board as the CEO, the company morale was at an all time low and the previous year had ended with a loss of $ 93 million. Semel realised one of the ways to bring back the company was by shifting focus. He changed Yahoo’s business plan and made it a platform which distributed news and user based content through channels like Yahoo News, Yahoo Finance and Flickr. Within a year of Semel becoming Yahoo’s CEO, not only was there a massive turn around with an eradication of all the losses, Yahoo! recorded an impressive profit of $ 43 million. With a successful reign of 6 years, Semel stepped down as the CEO in 2007.
4.McDonald’s (James. R Cantalupo)
When James Cantalupo retired as the CEO of McDonald’s in the year 2001, the company realised they needed him far more than they thought. A short year after Cantalupo stepped down as CEO, stocks started plummeting, with customers across the world complaining about McDonald’s unhealthy menu. When Cantalupo joined back as the CEO in 2002, the first thing he did was to introduce a low on carbs menu in select countries. With a focus on consumers who wanted to eat healthier, the menu changed completely and the results of Cantalupo’s efforts were clearly showing. Within a year, the profits increased massively and in the year 2003, McDonald’s recorded a whopping profit of $ 327.4 million, almost a $ 100 million more than the previous year. Unfortunately, before Cantalupo could use his Midas’s touch for good, the highly effective CEO passed away in 2004 as a result of a massive heart attack.
5. Dan Hesse (Sprint)
Dan Hesse came on board as the CEO of Sprint in 2007, a period when the company was majorly free falling into destruction. It didn’t take long for Hesse to realise that the biggest problem Sprint was facing was the fact that consumers thought the prices were extremely high. One of Hesse’s first moves as the CEO was to introduce the Simply Everything plan, a strategy which redefined the way Sprint functioned. However, unlike other turnarounds, it took Hesse quite a while to restructure the profits of this particular company. It wasn’t till 2010, after a series of takeovers by Sprint and the introduction of new plans, that the company saw its first profit. By the year 2012, Sprint had recorded a massive profit of $ 35.3 billion, as opposed to the previous year’s profits of $ 33.7 billion. Hesse still continues to serve as the CEO of the company.
These CEOS have turned the world around and given their contemporaries a new milestone to achieve. Who’s your favourite CEO? Comment and let us know.
Interesting Facts About Google
Google, as we all know, is the world’s most popular search engine. Whether we need a solution to a problem, find the lyrics of a favourite song, or get a quick update about the weather, Google is the one stop solution for everything. Founded by Larry Page and Sergey Brin in 1995, Google, worth $ 748 billion in the market, is the third most valuable company in the world, after Microsoft and Apple. Here is a list of some lesser known and interesting facts about Google.
Interesting facts about Google
1) The founders of Google originally named the search engine ‘BackRub.’ It was then changed to Google in the year 1997.
2) The name Google originated by misspelling the mathematical word ‘googol,’ which is basically a 1 followed by 100 zeroes.
3) Larry and Sergey’s visit to the Burning Man Festival in Nevada resulted in the first ever Google Doodle on August 30th 1998. The doodle was a burning man stick figure and was added to the homepage to let people know they were out of office.
4) According to Alexa, Google is the internet’s most searched website. Well, this is not a shocker.
5) Google has a rotated version of itself called the Google Mirror. This version shows everything in a mirrored fashion. Have you ever tried this? If not, you can try it here https://elgoog.im/search/?q=hi.
6) Google handles over 1 billion search requests per day, using over 1 million systems. Apart from this, Google’s algorithm can analyze millions of pages in a second. This was just 30-40 pages in the initial years of its inception.
7) In 1999, Google founders wanted to sell Google to Excite for $ 1 million. Excite did not accept Google’s offer back then. Quite a regret!
8) Larry Page and Sergey Brin have their own runways at NASA’s Moffett Field airport. No other plane is allowed to land on their runways.
9) Google owns the rights to common mispronunciations of its name like Gogle, Gooogle, Googlr, etc.
10) Google employs the largest network of translators in the world and can translate more than 80 languages. Apart from this, Google earns 99% of its profits through advertising.
In 2000, Google became the world’s most popular search engine and ever since, it has adopted a unique style of doing things to keep things fresh and progressive.
Did we miss out on any other interesting fact about Google? Comment below and let us know.
Snapchat Facts You Probably Did Not Know
Snapchat is one among the most used apps in the world, second only to Facebook. When it first launched, people thought of it as a photo sharing revolution. The app, which originally started off as a person to person photo sharing app, now evolved to feature “Stories” which last for 24 hours and even discover where brands and influencers can showcase their content. Started by Evan Spiegel, Bobby Murphy and Reggie Brown, this app currently has up to 190 million active daily users. Apart from the cool filters and stories, about what else is this app? Keep reading to find out some interesting facts about Snapchat which you probably did not know.
1) Originally called Picaboo
When it first launched in 2011, Snapchat was called Picaboo and was exclusive only for iOS users. Later, in 2012, the app was renamed to Snapchat and was made available to Android users as well.
2) Try till you succeed
The founders, Evan Spiegel, Bobby Murphy and Reggie Brown tried and failed at 34 projects before coming up with the idea of Snapchat. Spiegel, in an interview, mentioned, the idea of Snapchat came up they were working on a college project at Stanford University.
3) 3.5 billion pictures and videos per day
As of 2017, approximately 3.5 billion pictures and videos were shared and viewed every single day on Snapchat. Yes, everyone loves Snapchat!
4) Drinks are the most shared pictures
Recent stats show, a large number of Snapchat users share photos of their drinks with their friends. A shocking 93 % of people have used Snapchat for this.
5) Women form the majority users
As of April 2019, women account for approximately 61 % Snapchat users, with men forming only 38 % of the user base.
Most of the users belong to the age group of 18-20 years.
6) Zuckerberg wants Snapchat
Mark Zuckerberg has been trying to acquire Snapchat for a while now, but in vain. Zuckerberg first offered a billion dollars for Snapchat and when he was rejected, came back with $ 3 billion dollars, only to face rejection again. His final offer of $ 4 billion was also rejected by Snapchat. Till date, Evan Spiegel remains adamant about selling Snapchat.
Which of these facts about Snapchat surprised you the most? Comment below and let us know.
WiFi Unknown Facts
The year is 2019 and today, every household has at least 3 devices connected to the WiFi. While WiFi is widely used all over the world today, Nikola Tesla actually theorized its possibility way back in 1929. If you thought you knew everything there was to know about WiFi, think again. Check out some cool facts about WiFi here:
1. WiFi doesn’t mean what you think it does
Despite common belief, WiFi doesn’t expand to mean Wireless Fidelity. When the word was first made public, it was designed as a logo by Wi-Fi Alliance in the year 1999. The moment WiFi came to everyone’s notice, people started drawing parallels to the similar sounding acronym hi-fi, which means high fidelity. Annoyed with the comparison, Alliance wanted the term to be dropped, but by 2000, Wireless Fidelity became so widely used, it was unwillingly accepted as WiFi’s expansion!
2. Strange devices used as WiFi hotspots
With WiFi being used by people all over the world with increasing frequency, records say, by the end of 2017, there would be close to 9 billion WiFi devices all over the world! Did you know, there is a strange list of devices which are used as hotspots across the globe? Ranking on the first position on this list is the Masaya Volcano, Nicaragua. This active volcano is commonly called Mouth of Hell and is the first of its kind to double up as a hotspot because close to 80 sensors were installed inside the volcano. Your phones really aren’t the only things which could be used as a hotspot, clearly!
3. You are the biggest WiFi blocker
Since WiFi runs by using radio waves, it comes as no surprise water doesn’t promote this software, right? If you expand that thought process a bit more, you are also a WiFi blocker because of the very same reason. Didn’t get this? Think again. Since 75 % of our body is made of water, the above theory stands tested, don’t you think? If you still don’t believe us, then sit between your router and computer. The moment you experience weak signals, you will know we are right!
4. Singapore has the fastest Wi-Fi connection
According to the 2018 World Broadband Speed League, Singapore has the fastest WiFi connection in the world. At 60.39 megabytes per second (Mbps,) the WiFi connection in Singapore is five times stronger than the global average of 9.1 Mbps. Yemen, on the other hand, is ranked 200th on the list and has the slowest Wi-Fi connection at 0.31 Mbps. You know where you should go for the fastest wireless connection in the world.
5. WiFi was created in Hawaii
While people still dispute this fact, Hawaii is said to be the birthplace of WiFi. Originally called AlohaNET, a computer networking system developed the initial wireless network at the University of Hawaii. However, this wasn’t given as much credit as it should have been because two decades later, NCR Corporation and AT&T Corporation invented WaveLAN, which is considered the true precursor to WiFi. In 1997, the first version of the IEEE 802.11 wireless protocol was released. If only the world accepted AlohaNET as the original WiFi. Sigh.
If you think we missed out on any other facts about Wi-Fi, comment and let us know!
- Rupert Murdoch Unknown Facts
- Bernard Arnault Replaces Bill Gates As Second Richest Man In The World
- Women Scientists Turned Entrepreneurs
- Reasons Why Your Startup Needs An Incubator
- Panasonic Founding Story – Journey of Konosuke Matsushita
- How To Raise Capital For Your Startup
- Arianna Huffington Unknown Facts
- Bill Gates Unknown Facts
- Hollywood Artists Turned Entrepreneurs
- Best Biotechnology Startups In India
- Entrepreneurship vs The 9 To 5 Grind
- Hermès – Strategy Insights Of Luxury Brand
- Coco Chanel Unknown Facts
- Walt Disney Interesting Facts
- How To Stop Procrastinating
- Facebook Unknown Facts
- Steve Jobs Most Inspiring Quotes
- iPhone Unknown Facts
- Union Budget 2019 – Startups Get Major Advantages
- How To Overcome Business Failure