MICHAEL DELL Biography - Bussiness people and enterpreneurs

 
 

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MICHAEL DELL

Dell was born in 1965 in Houston, Texas, and attended                                   
the University of Texas in Austin. Dell has earned the title of "Entrepreneur of       
the Year" from Inc magazine, was named "Man of the Year" by PC Magazine, "Top           
CEO in American Business" by Worth Magazine, "CEO of the Year" by Financial             
World and Industry Week magazines, and was on Business Week?s list of "Top 25           
Managers of the Year" from 1997-1999. In 1992, Dell became the youngest CEO to         
earn a spot on the Fortune 500. He also sits on the U.S. President?s Advisory           
Council on Science and Technology.                                                     
                                                                                         
How the Business Started: Michael Dell went to college intending to become a           
doctor. Meanwhile, his hobby was working with computers. His hobby won out. Dell       
began selling computers out of his dorm room. And as his new venture progressed,       
he developed an innovative approach to conducting business: his idea was to sell       
computers directly to the consumer without going through retailers, and in the         
process design and deliver a computer based upon the customer?s own                     
specifications. Thus, in 1984, Dell founded the Dell Computer Corporation with $1,000. 
In 18 years, Dell has grown into a $31.2 billion company. Today, Dell's average         
earnings are $40 million per day, and it is the largest online commercial               
computer seller in the world.                                                           
                                                                                         
Entrepreneurs make unique contributions to the American economy: Dell currently         
has offices in 34 countries with nearly 36,000 employees. Recognizing the extra         
and unnecessary costs of retail distribution, Dell?s innovative direct service         
industry has created a PC that is inexpensive and designed to meet the needs of         
the individual customer. Michael Dell currently is the longest-serving CEO in           
the PC industry.                                                                       
                                                                                         
Entrepreneurs create innovations that improve our quality of life: Michael Dell         
has established a number of foundations within his organization committed to           
philanthropic and community services. These foundations work to advance                 
educational, environmental, business, economic, and social issues.                     
                                                                                         
Entrepreneurs create new jobs: In just 18 years, Dell has grown from a one-person       
operation to a company of 36,000 employees. In 1988, when Michael Dell took his         
company public, Dell employed 650 people and posted sales of $159 million.             
                                                                                         
Entrepreneurs improve our position in global economic competition: Dell?s               
corporate headquarters are in Austin, Texas, where the company was founded.             
Texas also is home to Dell Americas, the regional business unit for the United         
States, Canada and Latin America. Dell has regional headquarters in England, for       
Europe, Middle East and Africa; in Singapore to serve Asia-Pacific; and in             
Kawasaki, Japan, for the Japanese market. The company manufactures its computers       
in six locations: Texas, Tennessee, Brazil, Ireland, Malaysia, and China.               
                                                                                         
Michael Dell was born in 1965 in Houston, Texas, and attended the University of         
Texas in Austin. Dell has earned the title of Entrepreneur of the Year from Inc         
magazine, was named Man of the Year by PC Magazine, Top CEO in American Business       
by Worth Magazine, CEO of the Year by Financial World and Industry Week                 
magazines, and was on Business Week?s list of Top 25 Managers of the Year from         
1997-1999. In 1992, Dell became the youngest CEO to earn a spot on the Fortune         
500. He also sits on the U.S. President?s Advisory Council on Science and               
Technology. Provided by: National Commission on Entrepreneurship. Article on           
michael, dell by National Commission on Entrepreneurship