...Running head: Compare and contrast legends: Michael Dell and Andy Grove 1 Comparison and contrasting of two industry legends: Michael Dell and Andy Grove James K. Gornto Northcentral University TWO INDUSTRY LEGENDS: MICHAEL DELL AND ANDY GROVE 2 Abstract Dell and Grove are two computer industry legends and both experienced the ultra highs of being the head of companies that were industry leaders and the gut wrenching lows of managing those same companies through periods of crisis that could have lead to destruction. Michael Dell from his beginning of making and selling computers from his college dorm room directly to becoming CEO of Intel , the number one computer selling market share position company worldwide, always placed the customer at the epicenter of his business model. Andy Grove at one point in time was CEO of Intel, which had a 100% market share of the world’s computer memory business and he witnessed that position erode to the brink of corporate bankruptcy. Grove utilized the outside approach to develop the business strategy that would twice save Intel from disaster. TWO INDUSTRY LEGENDS: MICHAEL DELL AND ANDY GROVE 3 Comparison and contrasting of two...
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...Best Personal Computer Compare and Contrast Patience D. Roberson American Intercontinental University Abstract A summation of this essay is to distinguish the differences and compare similarities between three distinct computer models; Apple iMac, Dell Vostro 230 Mini Tower, and Lenovo Think Centre A58. Consumers can use the information from these three products to decide which one is best for their business. This essay will focus on each models processor, storage memory, video/audio, along with other features they have. Best Personal Computer Compare and Contrast A company’s computer is its most valuable entity. Employees must be able to proficiently use email, access associates and activities, develop papers, improve databases, access the internet and more. When running a business, it is essential that the best computers are being utilized. Companies have increasingly come to be dependent upon a computers innovative skill to keep track of information. Choosing the best personal computer for a business is not an easy decision. Apple iMac, Dell Vostro 230 Mini Tower, and Lenovo Think Centre A58 have received top ratings for personal computers. Their processors, storage memory, video/audio, warranty, and other features have placed them as the top three choices. The processors, usually called CPU, play a significant role to a computer. Any work done on a company’s computer is performed directly or indirectly by the processor. The processor determines the performance...
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...Compare Chapters 2 and 5 What the Best CEOs Know Written by Jeffery A. Krames The purpose of this paper is to compare and contrast two very successful corporate leaders within the IT industry based on the book What the Best CEOs Know (Krames, 2003). Chapters two and five cover Michael Dell from Dell Computer Corp and Andy Grove from Intel Corp, respectively. We will look at five topics including their main contributions, resistance encountered, similarities, differences, and significant factors. Michael Dell knew as a young man it was critical to focus on customer needs. His concept of cutting out the “middleman” to improve information flow was genius and not common to the computer industry (Krames, p. 58). Dell’s strategy of listening, responding, and delivering on customer needs proved very successful. The CEO talked to customers as often as possible and used technology to his benefit (Krames, p. 61). The Internet was used extensively to reach customers globally for ordering, demand forecasting, and to gain product feedback. Dell’s efficient use of technology and the direct marketing model minimized overhead. The cost efficiencies gained were passed on to the consumer and helped quickly differentiate Dell from its competitors (Krames, p. 62). These concepts also helped Dell remain responsive and agile as they grew exponentially. The CEO was successful at inspiring his workforce and organizing around the customer (Krames, pp. 68-70)...
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...Comparison and Contrast of Two Innovative Business Professionals and Their Models: Customer Epicenter versus Paranoia Survival Jules Prendergast North Central University BTM7101-8 Activity 3 Author Note This developmental paper is being submitted on May 26, 2013 for Professor Cozine’s BTM7101-8 class. The contents of this paper reflect the author’s perspective on relevant information provided through articles Abstract The main emphasis of this paper is two fold. First, the content is used to express the author’s perception through use of the compare and contrast writing methodology between two key businesses professional and their impact on the business practices. This is accomplished by preparing a summary of their professional contributions, discussion of their encounter and subsequent success from specific challenges, as well as a discussion of their similarities. The final portion of this paper emphasizes distinct differences between each and concludes with the key factors, which impacted their individual successes. The second key part of this paper is to address the learning and follow on use of appropriate APA (American Psychology Association) formatting and correct usage of paraphrasing. Keywords: customer, leadership, and APA format Comparison and Contrast of Two Innovative Business Professionals and Their Models The world is built around sociological implementation of economic...
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...Compare and Contrast of Two Business Professionals Compare and Contrast of two business professional Dictionary.com defines business professionals as following an occupation as a means of livelihood or for gain. The two professional to look at are, Michael Dell and Andy Grove. Comparing people’s contribution to the information technology filed, along with identifying resistance each encountered, will help understand how they promoted their research, ideas, or programs. Noting any similarities between these two professionals will help point out their differences they may have. It will be helpful to look at their environmental, professional, and personal factors, which may have affected their success. Contributions to the field Michael Dell’s contribution to field was consistently shaping customer value. The business community defines customer value, as customer satisfaction and repeat customers. Product planning is important to the overall success of any business because it allows you to understand your customers’ needs and wants. Potential customers are just as important as current customers in any successful business in order to stay ahead of the competitive edge (Krames, A.J. 2003). Andy Grove’s contribution to the field was far different from Michael Dell’s. Grove’s contribution was to develop the outsider perspective. An outsider perspective is defined by studying your organization as a competitor and looking at your company as an outsider would. This...
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...Most CEOs success stories started with an entrepreneur, an idea, and a business loan. Michael Dell (Dell, Founder and CEO) and Andy Grove (Intel, Cofounder and CEO) success’ stories were no exception. Michael Dell launched his company in 1984 with a unique business model known as” mass customization” (Krames, 2003, p 59) or a “one-to-one” (Krames, 2003, p 59) between customers and company. The company delivered what the customers exactly want with “rock-bottom prices” (krames, 2003, p.59). With no margin paid to distributer or middleman. Dell increased customer savings while keeping a healthy profit margin. Dell’s business success continue to grow, four years later the company went public and Michael Dell at age 27 was named the “Youngest CEO” of a Fortune 500 Company. The second CEO and cofounder of Intel Andy Grove and other two engineers launched their company in 1968 with the invention of microprocessor that revolutionized the industry. Andy Grove dominated the market with little or no competition until 1984 when a Japanese company which provided the same products took over the market by lowering their prices, after trying almost everything, Andy Grove and his top managers decided to leave of the memory chip business and switch to solely microprocessors ship. They went on to build the world’s largest chip-making business (Krames, 2003, p 135) Along the way, both CEOs faced some challenges. In 1980 Andy Grove had to make a crucial decision when he decided it is time for...
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...the handwritten word “MAID” on it, Ruiz scratched out the letter “D” for Dell. It was mid 2006, and Ruiz had just talked with Michael Dell, the founder and chairman of Dell Inc (Dell). He had called Ruiz with the news that Dell would purchase Opteron, AMD’s server microprocessor, for its highest-end server line. Dell had long been an Intel-only shop. Landing Dell as a customer was the culmination of a four-year effort that AMD had codenamed Project MAID. Sunnyvale, California-based AMD designed and manufactured microprocessors for the computing, communications, and consumer electronics markets. With roughly 10,000 employees, the semiconductor company had 2005 revenues of $5.8 billion, a 17% increase over 2004. The 2003 launch of Opteron and the company’s AMD64 technology ushered in a new chapter in AMD’s history. Traditionally, AMD had been a distant follower to Intel, which had a dominant position in microprocessors for the server and personal computer (PC) markets. However, Intel’s dominance was eroding as Opteron gained acceptance and AMD focused on “customer-centric innovation” under Ruiz, who was appointed CEO in 2002. Driven by Opteron’s success, AMD’s unit share in servers for the second quarter of 2006 rose to 26%, up from 11% in Q2 of 2005.1 The top four computer-makers that sold the vast majority of servers—Hewlett-Packard (HP), Sun Microsystems (Sun), IBM, and Dell—now offered at least one Opteron-based server. Furthermore, AMD’s ...
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...1. Discuss where a computer stores its basic hardware settings, why it does so, and what some of those settings are. A computer stores its basic hardware settings in the ROM (read-only memory) it does this because it is non-volatile. Which means when the computer powers off the information on the Rom will stay. Unlike RAM (random access memory) which is volatile and gets emptied when the computer gets turned off. 2. Compare storage devices using four criteria: versatility, durability, speed, and capacity. Storage device do about the same thing but there are a lot of factors to look at for when u are looking for the best versatile storage u wouldn’t want to go with a hard disk because it can access data only form its fixed disk platters. Were as more versatile device like a dvd drive can access any DVDs, DVD movies, and CDS. Then u want to look at durability. Most storage device or even anything technological can be damaged if misused or mishandled so u want to find something that can hold up better. Like CDs and DVDs would be more durable than hard disks. Being able to access data is always important. Most storage devices people look are always looking for speed. Most devices take that into aspect like Hard disk, CD, DVD, Blu- ray, and solid state drives are all really fast compared to older technology’s like tape drives. Another huge factor in people buying a storage device is capacity. When someone looking for storage the more the better. The hard disk usual holds more...
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...development from 1980s to the early 2000s, and the later stages starts from early 2000s to now. Threat of Entry Early Period PC industry has low entry barrier which is brought by IBM’s entry to the market. In 1980s, IBM adopts open architecture strategy which outsources its operating system (OS) and microprocessors to Microsoft and Intel respectively. This strategy also has several implications: (1) product design and feature information is also available to other potential competitors, (2) IBM does not possess any patents related to product design, which allows competitors to copy the product designs. For small companies, open architecture significantly reduces the risk of market entry as it significantly reduces capital investment for firms to develop their own OS and microprocessors. Another industry environment that sustains lowers entry barrier to 1990s is network effect, which is defined as increase in products’ value due to increase in its popularity among consumers. As IBM converts PC as the mainstream and adopts open architecture strategy, Microsoft and Intel collaboratively develops a new standard known as “Wintel”. Manufacturers, ranging from Dell to generic companies, are able to use Wintel as components of PC. This stimulates growth and encourages small companies to enter the industry. Late Period Standardization in OS and microprocessors also helps maintaining low entry barrier to late period. The standardization of components reduces firm’s investment in R&D. Besides...
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...Introduction The aim of our following proposal is to help Mr. Donothing to construct an investment portfolio base on an inheritance of $10 million dollar. After the meeting with Mr. Donothing we understand his existing lifestyle and his vision on his future personal plans. We will conduct a series of economic analysis to demonstrate the possible future economic trends and base on our analysis we will suggest several types of investment for Mr. Donothing to make a final decision. In addition, we will identify and provide our professional suggestion on each and every industry and company he should consider base on current market trends and company’s growth prospect/opportunity during the investment timeframe. Finally, there will be an evaluation of the portfolio by using expected return rates to understand whether it meets the needs and preferences of the investor. Investor Profile and Policy Statement Investor Profile Mr. Donothing is 50 years old and single. The most important is that Mr. Donothing does not work at all but he inherited $10 million. He is an amphibious person, which means he spends his time in cruise lines. Furthermore, he needs $550 per day throughout the year for cabin charges and food. And he needs another amount $25,000 for secretarial services and incidental expenses. He wants to settle in Pompano Beach, Florida at 55, and then get married and have a child. The house he wants to buy is selling for $500,000. His cash needs would remain...
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...Executive Summary This paper provides the historical background and financial data of two of the leading information technology (IT) corporations in the United States. Going beyond their humble beginnings to the present, an analysis is made of their current financial performance. This serves to compare and contrast the differing business strategies of the two financial juggernauts. The two companies are direct competitors in the IT market place. Developing cutting edge software that is futuristic and enticing is what Apple does best. Apple has the ability to offer a diverse product line that caters to a wide variety of consumers, especially tech savvy earlier adapters. Dell’s marketing approach is to create a product line that is affordable and easily used by the general computing public. Audit reports, ratios, cash flows and income statements are analyzed to gain a clearer picture of which marketing strategy is proving to be the more successful. Corporate Histories and Strategies: In 1976, high school friends Steven Jobs and Stephen Wozniak shared a common love and interest in electronics. In their early stages, Apple I & II were designed as a hobby. Apple I was actually created in Steven’s bedroom. “They would showcase the computers at the Homebrew Computer Club (of which they were members) as a demonstration (Apple Museum, 2011)”. The highlights were the video screens, and the fact that it used few chips...
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...OSX 10.8 Mountain Lion really heats up. It makes it hard for a business to choose and implement a computer system that is easy to use, efficient with cost and performance, reliable and long lasting. Let’s look into some specification on the PC and Mac: Mac refers to Macintosh that produced by apple that runs on Mac OSX. Mac is only manufactured by Apple Inc. Most of its applications are from app stores. For example: iLife, iTunes, Time Machine, Safari browser are among the popular applications. The Mac attracts a smaller group of people compare to PCs’. A smaller group of user means less chance of getting virus attack. However, the threats of malicious software are growing. The repair of Mac is not hard, anyone with operating system understanding should be able to perform repair on the Mac OS. On the other hand, PC refers to various brands computers runs Windows operating systems. There are many companies that manufacture PCs, such as HP, Dell, Toshiba, and Lenovo. Microsoft Office and internet Explorer are the most used software application among them all. PC users are from business to personal for its compatibility. It’s a much large group than Mac users. And this is also the reason that virus writers choose windows based system as target. Repairing a windows based system is also easy; anyone with knowledge of windows should be able to perform the repair. ii. Laptop versus Desktop At a store we will sure consider about a desktop over a laptop for perform the main tasks...
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...competitive market.’ Discuss. 1b) In May 2009 Intel was fined a record amount by the EU for predatory pricing. Assess how easy is it to conclude that Intel undertook predatory pricing? Contents I) 1a) ‘A firm would prefer to b a monopoly, rather than be involved in a perfectly competitive market.’Discuss-------------------------------P/1-P/5 1) Market Environment---------------------------------------P/1-P/2 2) Profit Maximization----------------------------------------P/2-P/5 3) Benefits on Research & Development -------------------P/5 II) 1b) In May 2009 Intel was fined a record amount by the EU for predatory pricing. Assess how easy is it to conclude that Intel undertook predatory pricing?----------------------------------------------------------------P/6-P/8 III) Reference & Bibliography---------------------------------------------P/9 Business Economics Assignment (UBNo.: 09034262) P/8 1a) ‘A firm would prefer to be a monopoly, rather than be involved in a perfectly competitive market.’ Discuss. A monopolist has sufficient control over the services or products its provides in determine significant terms in order to maximize profits. This is directly contrast a firm operating within perfectly competitive market. To a large extent, a firm would prefer to be a monopoly. If a firm can be a monopoly, they can have following three advantages over doing business in perfectly competitive market. 1) Market Environment The best way to compare two extremes market structures - monopoly...
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...Dell Pursue Growth in a Challenging Environment Problems: - Balancing expansion to retail - Stagnant corporate market (large enterprise, government) - Costumer market growing but not significant (home, small business) - Downturn economic - New entrants higher, rivalry higher (price war) - Bargaining power of supplier high - Leader change -> policy, goal - New opportunity market (tablet) - PC market stagnant - Still focusing in US market - US crisis, decrese in ability to pay -> demand changes-------- - Government regulation - to go green (higher cost) - Inventory cost higher (dead stock higher) - R&D cost 1% revenue made to stock) mass production - Segment changes (corporation -> home user) External Analysis PEST Analysis Political: Governments forces the industry to use technology that go green. Economical: Economic downturn, make the customer think twice to buy a PC`s for themselves. They prefer lower spec PCs in purpose to reduce the price. Socio culture: Customer behavior in US, it shown that people who using PC`s are growth year by year. That was the opportunity that even the economic was in crisis, people are still need PC. Technological: An additional technological trend impacting the computer industry is that customers prefer to use a single vendor for all of their computing platforms. From the customer’s perspective, this simplifies technology upgrades and one company is accountable for all of its needs. 5 Forces Analysis Understanding...
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...EXECUTIVE SUMMARY Dell computer was founded by Michael Dell at age of twenty one in his dorm at the University of Texas, Austin. Dell’s strategy is to build computer so that it can be order by the consumers. It’s build to order strategy has made Dell the most successful company in the information technology field. Dell sells its machines and other equipments directly to customers so it has eliminated the middleman. Dell has high margin because of direct sale strategy and customers get excellent state of the art machines at low cost compare to Dell’s competitors. Michael Dell’s visionary leadership has made Dell the second most successful PC maker in the industry. (IBM is the leader). Dell’s ability to adapt to changing circumstances is its great strength. One week after the September 11th 2001 attack, Dell reported selling 24,000 servers and desktops. Dell established mobile technology park in Washington D.C. and New York by converting three eighteen wheel trucks and operated its factories round the clock to fulfill the unexpected customers demand. The trustworthy relationship between Dell’s management and work force made it possible to change the disastrous moment in the I.T industry to a great opportunity for the organization. Dell has very user friendly web site and half of Dell’s sale, half of tech support and three quarter of order status takes place online. The supply chain and data integration with suppliers has made Dell one of the most efficient...
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