Unveiling the Genius Mind: Exploring Strategic Planning, Management, and Practical Decision-Making in Unconventional Ways

Dr. Valentyna  Voronkova; Dr. Vitalina  Nikitenko; Dr. Regina  Andriukaitiene; Roman  Oleksenko

Published Jan 7, 2022

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Vol. 3 No. 1 (2022): Topical issues of decision-making mechanisms

Dr. Valentyna Voronkova

Zaporizhzhia National University

https://orcid.org/0000-0002-0719-1546

Dr. Vitalina Nikitenko

Zaporizhzhia National University

https://orcid.org/0000-0001-9588-7836

Dr. Regina Andriukaitiene

Marijampole University of Applied Sciences

https://orcid.org/0000-0002-0691-7333

Roman Oleksenko

Dmytro Motornyi Tavria State Agrotechnological University

https://orcid.org/0000-0002-2171-514X

Abstract

The focal point of this article revolves around delving into the strategic planning, management practices, and decision-making activities of business luminaries (such as Bill Gates, Andrew Grove, Steve Jobs) who were the pioneering stars of the contemporary technology realm. Drawing from an in-depth analysis of their three-decade experiences steering companies with a cumulative value of 1.5 trillion dollars—namely, Microsoft, Intel, and Apple—we have distilled five foundational principles that were consistently present in their strategic planning approaches. These principles not only empowered them to surpass competitors but also served as a guide for their unparalleled success. A shared attribute among these individuals was their adeptness at recognizing their weaknesses and orchestrating actions to counterbalance those shortcomings. They demonstrated a proclivity for enlisting executives who possessed traits, habits, and competencies they themselves lacked. Yet, despite their astute awareness of their own strengths and limitations, B. Gates, E. Grove, and S. Jobs exhibited some degree of error in crafting the management blueprint for their companies' future—tasks that eventually landed on someone else's shoulders.

DOI:
https://doi.org/10.61439/XULD2436

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Author Biographies

Dr. Valentyna Voronkova, Zaporizhzhia National University

Doctor of Philosophy (D.Sc.), Professor, Academician of the Academy of Higher Education of Ukraine, Head of the Department of Management of Organizations and Project Management, Engineering Educational and Scientific Institute Named after Y.M. Potebnya of Zaporizhzhia National University (Zaporizhzhia, Ukraine).

Dr. Vitalina Nikitenko, Zaporizhzhia National University

Doctor of Philosophy (D.Sc.), Professor of the Department of Management and Administration, Engineering Educational and Scientific Institute Named after Y.M. Potebnya of Zaporizhzhia National University (Zaporizhzhia, Ukraine).

Dr. Regina Andriukaitiene, Marijampole University of Applied Sciences

Doctor PhD of social sciences, Head of the Department of Business and Economics, Associate Professor, Marijampole University of Applied Sciences (Marijampole, Lithuania), lecturer of Lithuanian Sports University (Kaunas, Lithuania).

Roman Oleksenko, Dmytro Motornyi Tavria State Agrotechnological University

Doctor of Philosophy, Professor of Department of Management of Public Administration, Dmytro Motornyi Tavria state agrotechnological University (Zaporizhzhia, Ukraine).

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