But that's exactly what happened in Apple had lost $ million in a single quarter -- the worst quarter in the company's history. And today Today Apple makes more than $0 billion in the quarter. At that time the company which had long been known as visionary and innovative found itself in a dead end. The kg $00 Mac Portable the immature Apple Newton the unpopular Apple Pippin video game system and other failures saw Apple lose credibility as it entered the st century fought. But thanks to the return of a co-founder a groundbreaking idea was to bring about the big change. Successful change management In Apple co-founder Steve Jobs who had left the company in returned to help Apple out of its misery. The headstrong visionary led Apple to nearly a decade of groundbreaking successes including the iMac the iBookMacBook and the iPod 00. These innovations Specific Database eventually gave birth to the product that would make Apple the first publicly traded US company worth $ trillion the iPhone which has now sold more than a billion units . Apple achieved all of this by combining its original goal bringing emerging technologies to the masses with a will to change. Here's what we can learn for change management Stay true to your vision but at the same time embrace change. No company has ever grown without evolving in line with ever-changing customer requirements. Even Coca-Cola has not changed its basic recipe in 0 years but has introduced by-products changed the packaging and started new advertising campaigns again and again in order to stay up to date. In addition to blockbusters some print media are also good examples of the problems that can arise for companies that are closed to change. Small business owners and project managers should stick to the key elements of their business vision while adapting it to remain relevant and competitive.