Apple has been an outlier kind of performer under Steve Jobs, because Jobs was an outlier kind of human being. Practical intelligence, or common sense, is key to success in business, according to a new study that highlights the importance of hands-on experience and learning by doing. Entrepreneurs who learn from experience and experiment have an edge over those who acquire knowledge through reading and observation. Jobs practical intelligence allows him to make the best decisions possible in the least amount of time. They need to act. Practical intelligence empowers them to act quickly and confidently. Steven Jobs is an expert in design. Entrepreneurs who were most likely to run rapidly growing ventures had relevant experience in printing and graphics, learned through hands-on experiences and experimentation. They also honed their practical intelligence by pursuing specific growth goals. Steve Jobs had a goal to design these different computers. "Think on their feet." Steve Jobs likely had an IQ roughly 160 or above. This means he was a 4th grader performing at the 10th grade level. This means he was a 4th grader performing at the 10th grade level. In 2010, the world population was roughly 6,840,507,000. An IQ of 160 places Steve Jobs in the 99.99th percentile or above as a rough lower bound. Let's do some simple math: .9999 x 6,840,507,000 = 6,839,822,949.3. This means that Steve Jobs was conventionally smarter than about 6,839,822,949 people on earth. "So was Mr. Jobs smart? Not conventionally. Instead, he was a genius." What people mean when they mention conventional smarts is basically general intelligence or an IQ score. IQ score gives us a rank of where a person falls in a general intelligence sense among the population. Steve Jobs' intelligence helped him develop wondrous things. While his work showed creativity, it also showed empathy, another right-brain characteristic. Jobs was able to set goals that satisfied consumer needs. This allowed him to push for designs that people wanted and needed.