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