Apple Computer lost its advantages to IBM. A second result was that Jobs was forced out of the company he helped to found.
3. The third characteristic is imagination (Dumas, 1992, pp. 41 55). Imagination is an essential ingredient for progress in any endeavor.
4. The fourth characteristic is intelligence (Dumas, 1992, pp. 41 55). Instances may be cited of success by individuals of less than stellar intelligence; however, they are the exception, rather than the rule.
5. The fifth characteristic is knowledge (Dumas, 1992, pp. 41 55). Knowledge incorporates skills development. The possession of adequate business skills is essential.
6. The sixth characteristic is a singleness of purpose (Garrett, 1993, pp. 10 14). This characteristic is significant, whether the endeavor involves the start up of a new small business, or the introduction of a new product in a large firm.
7. The seventh characteristic is patience (Garrett, 1993, pp. 10 14). The individual must be willing to take the time to perfect an idea. This characteristic is one which is not always appreciated in large, growth minded organizations.
Literature was reviewed that is relevant to values, work values, management values, team based management, SYMLOG theory and instrumentation, small family owned businesses, and the management of small family owned businesses. The literature revealed that the concept of value has several distinct meanings, and that value a value is a type of belief, centrally located within one's total belief system, about how one ought or ought not to behave, or about some end state of existence worth or not
worth attaining. Thus, a value may be viewed both as a predisposition to act (attitude), and as an estimation of worth of an action.
The literature also indicated that values and attitudes, together with their structure, lead to or determine social behavior. Thus, values are seen to be ...