Post on 19-Nov-2014
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Michael Dell
Moh. RizinMohit Shukla
Introduction
• Born: February 23, 1965
• Parents:
Father: Orthodontist
Mother: Stock Broker
• Education: Attended the University of Texas
• Married to Susan Lieberman in October 1989
“Recognize that there will be failures, and acknowledge that there will be obstacles. But you will learn from your mistakes and the mistakes of others, for there is very little learning in success.”
Michael’s Entrepreneurial Spirit
Michael at
8:
•Michael makes a serious attempt to earn his high school diploma more quickly by passing a test and invites a person from a testing company.
Michael at
12:
•Michael embarks upon his very first business venture. Fascinated with stamps and commercial opportunities they offer
Michael at
14:
•Dell got his first computer, an Apple II and soon realized that he had a knack for taking computers apart and putting them back together.
“Whether you’ve found your calling, or if you’re still searching, passion should be the fire that drives your life’s work.”
Cont..
Michael at
16:
•Michael gets a summer job selling newspaper subscriptions to The Houston Post and learns the power of market segmentation.
Michael at
18:
•Michael, a freshman student at the University of Texas in Austin, applies for a vendor's license and starts selling high-performance computers upgraded by him. He declares he ultimately wants to compete with IBM and registers the company "PC's Limited".
Michael at
19:
•Michael incorporates "Dell Computer Corporation" with initial start-up investment of $1,000. He finishes his freshman year and leaves the University to devote himself to the venture, full-time.
Cont..
• Michael at 27: Michael becomes the youngest
CEO of a company ever to
earn a ranking on the Fortune 500.
Philanthropy
In 1999, Michael and Susan Dell established the Michael and Susan Dell Foundation, which focuses on children's causes. The foundation has provided $65 million in grants to three health-related organizations associated with the University of Texas
DELL
HP started in 1939.
IBM joined in computer
industry since 1980 but this
company had a strong
foundation from 1880s.
Acer started in 1976.
Apple was founded in
1976.
Dell was founded in
1984.
The Journey
1988 – IPO year
to go public listed
1989 – 1st major stumbles for Dell, Inc due
to “Olympi
c program.
1994 – record
breaking battery life for latitude
notebook lauched
1996 – Dell goes online in www.dell
.com. Reaches
sales $1m per
day, $5.3b in this year.
1999 - #1 PC
company in USA
and largest
worldwide market for PC.
2004 – Michael gave up his CEO to Kevin
and remain as chairman
.
Criticism
• 1997 Dell Inc -$50,000 for selling computers in Iran in violation of sanctions.
• July 2010 Dell Inc –Paid $4 million penalty to settle SEC charges of disclosure and accounting fraud in relation to undisclosed
payments from Intel Corporation. Dell Inc.
• April 2011 Dell Inc- American Magnate: Michael Dell: How a homegrown geek outsourced, downsized, and tax-breaked his way to the top.
• Spending on luxurious homes and private jet travel with his pursuit of tax breaks and tax holidays and Dell Computer's eventual off shoring of jobs overseas after receiving the incentives for setting up shop locally
Leadership Style
VisionaryInternal Locus of control and Ability to Learn
Change-Oriented Behavior
Downward Consultation
Develop and train People
Action Oriented Leader Innovator
Saw great opportunity to provide computing technology in a more efficient way
The more mistakes I made, the faster I learned.” Micheal Dell
Gathered opinions about “What is the right plan?”
Employees can help to achieve goals only if DELL is genuinely devoted to their long-term growth & development
Planning is nothing without execution
Micheal Dell did care for neither only people nor only task, he cared for both
Cherished difference and thought difference can breed innovation
Awards & Achievements
• "Entrepreneur of the Year" (at age 24) from Inc. magazine.• "Top CEO in American Business" from Worth magazine.• “CEO of the Year" from Financial World, Industry Week and Chief
Executive magazines.• Served as a member of the U.S. President's Council of Advisors on Science
and Technology.• Serves on the Foundation Board of the World Economic Forum.• Dell's 1999 book, Direct from Dell: Strategies
Conclusion
Have clear goal and powerful vision for the future.
Be an Innovator.
Ability to handle change and extract opportunities.
Courage to take risks of doing new things and should be eager to pioneer in his field.
Must admit and identify what he doesn’t know and face it. He should learn from mistakes and
acquire talents he needs.
Must have high ethical responsibility for both business and private life. He should keep good
balance among them.
SUCESS
Thank You