Wednesday, January 22, 2020
Dell :: essays research papers
Brief Background Summary Ã Ã Ã Ã Ã How would you like to take a $1,000 investment to start a company and turn it into 41 billion dollars revenue producing enterprise in just twenty years? IÃ¢â¬â¢m sure everyone would, but it became a reality for one man, Michael Dell. Michael Dell is the current CEO of Dell, Inc, one of the largest companies in the world. He started this company back in 1984 with just $1,000 at the age of 19 and now at the age of 39 he is the fourth richest man in America. (DuBrin 313) Ã¢â¬Å"Mr. Dell became the youngest CEO of a company to have their company ranked in Fortune 500. (Dell Annual Report) Today, Dell Inc. is ranked incredibly number 125. Ã Ã Ã Ã Ã Dell Inc., which is located at Building 2 One Dell Way, Round Rock, Texas, is one of the premier companies in computer products and services. The company current employs approximately 46,000 people and is the Ã¢â¬Å"biggest online seller of computers. DellÃ¢â¬â¢s primary products include enterprise systems, household PCs and notebook computers. They are also currently trying to expand their way into the printer market even further. Ã Ã Ã Ã Ã He started with the idea of taking plain computers and adding parts to it to make it a more appealing to computers buyers. Ã¢â¬Å"Dell hired a small staff and began selling his machines over the phone and through the mail. Several years later he created the industryÃ¢â¬â¢s first on-site service program, in which the repair technician visits your office or home.Ã¢â¬ (DuBrin 313) Problem Identification Ã Ã Ã Ã Ã In creating a multi-billion dollar company there were issues and problems that had to be identified and made. In being such a rapid growing company, Mr. Dell had to fill up his company with top professionals and visionaries that could continue the success. The company needed to find ways to stay competitive and stay focused on their vision. For a company to stay growing at the pace they were, which was about 50 percent a year in the 90Ã¢â¬â¢s, it needed to continue to add strong employees and keep the motivation going. Ã Ã Ã Ã Ã In the computer market there are a lot of competitors, just waiting for someone to make a mistake. The fight over market share is very competitive. Dell needs to stay very aware of their business competition and what they are doing. I think that Dell has done very well picking up most of the trends and consumer needs to come out with new ideas, to stay on top.