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Role of the president as the chief executive
Role of chief executive president
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The responsibility of a CEO encompasses the design, implementation and execution of the many facets of a business. It is the core duty of a CEO to see that all sectors are handled and that the main objective of the business is clear. Despite the common goal of a business which is to generate revenue, different people employ different methods in order to attain this goal. Through the review of two chapters within Jeffrey A. Krames book, What the Best CEOS Know: 7 Exceptional Leaders and Their Lessons for Transforming Any Business , I will be analyzing the successes of both Michael Dell (Founder & CEO of Dell Computer) and Andy Grove (Co-founder and Former CEO of Intel). This analysis will begin with a brief introduction of both men and their contributions; followed by a discussion of any resistance encountered; proceeded by perceived similarities and differences amongst the two professionals; concluded by my assessment of which factors impacted their success.
Introduction of Professionals and Their Contributions
Founder and CEO of Dell Computer Corporation, Michael Dell started his personal computer vision in his college dorm room, registered his vision as a business and in a short time became the youngest CEO of a Fortune 500 company at the age of 27 (Kramer, 2003, p.58). Dell effectively utilized the internet and began “raking in between $60 and $70 million over the internet on a daily basis”. (Kramer, 2003, p.65)
Co-Founder and former CEO of Intel, Andy Grove helped to create a small high-tech company and turn it into “what would become the world’s largest chipmaker” and named Person of the year by Time Magazine (Krames, 2003, p.135) By the close of his reign as CEO of Intel, “Intel was a $26 billion juggernaut delivering ...
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... his initial vision was.
Andy Grove’ success in my opinion has been guided by environmental, professional, and personal factors. His exposure to adversity early on gave him the ability to embrace change and quickly adapt to the ever changing demands of technology. Professionally he has overcome many obstacles and with that he also learned the art of anticipation and preparedness for change. Technology in itself is very environmentally driven so the impact that the environment has had is great. Intel’s product is at the heart of technology, it is the dual core.
You can take two men, with different vantage points, visions, and backgrounds and still find the likeness. Both Dell and Groves have achieved success that many dream of. They have done so through hard work and learned mistakes. Paths do not have to be the same in order to share the common goal of success.
Andy Grove cofounded Intel in the late 1960s and helped it become the leading memory chipmaker and then the leading microprocessor chip manufacturer in the world. Andy Grove’s leadership through two significant challenges resulted in drastic change to the company that resulted in their continued success. Through these challenges, Andy Grove realized that companies face Strategic Inflection Points (SIP) or times when the company will ...
Moore, Maloy, Scott Wilson, and Ben Welsh. "The Life and Work of Steve Jobs.”. N.p., 5 Oct. 2011. Web. 7 May 2014. .
The development of Apple Inc. came during the unstable economic times of the 1970’s. Best friends and college dropouts, Steve Jobs and Stephen Wozniak pooled their electronic and business skills to market what was to become the first personal computer. Stephen Wozniak had designed a small computer, the Apple 1, for the enjoyment of some friends at a Homebrew Computer Club meeting. The Apple 1 developed in Steve Jobs’ bedroom and garage, while he envisioned the commercial potential of a personal computer that could help families with personal finances and small businesses with day to day tasks. Vision, drive and creativity allowed this entrepreneur to take the risk to create a business. The challenge of building that business and the desire to control his destiny required passion and perseverance along with innovation.
“How to effectively lead an organization depends on many factors such as the organizational culture, the behavior of the followers, and the personal traits of the leader” (Toma and Marinescu 1). Leadership is a multidimensional concept essential in every sector of society. It can be described as the social interaction between a leader and his/her follower. Steve Jobs’ ability to lead had a direct effect on personal computing. A fundamental mantra of Steve’s leadership method was simplicity. Less was more, yet sometimes something so simple could be more difficult than something complex. Creating a product as a minimalist as possible was crucial to targeting the largest market and as a result Apple Inc. product designs merged function into form. It promoted the idea that technology could be used by more than just hobbyists or computer geeks. Promoting such an idea was essential to the early success of Apple in the world of technology as they catered to simplifying the lives of
In 1968 Bob Noyce, Gordon Moore and Andy Grove founded a new company that built semiconductor memory products, named NM Electronics Inc. Moore and Noyce had problems with the copyright of the company’s name as it already belonged to a hotel chain. Noyce, Moore and Grove then changed the name to Intel Corporation, short for Integrated Electronics. The small startup company was founded in Santa Clara, California with $500,000 and funds from investors. In 1971 they introduced the world’s first microprocessor, which revolutionized the computer industry. Moore sensed the impending growth of the semiconductor computer chip industry and predicted that the amount of transistors on a single computer chip would double every year. This fact helds true and has been coined as “Moore’s Law”. Intel's mission is to be the preeminent building block supplier to the Interne...
In 1984, Michael Dell invested $1,000 in start-up capital to register his business as Dell Computer Corporation, which was known as PC's Limited. The company becomes the first in the industry to sell directly to end-users by passing the dominant system of using computers resellers to sell mass-produced computers. Dell Computer also pioneers the industry first thirty-day money back guarantee. It became the cornerstone of Dell's commitment to expand its service offerings, superior customer satisfaction, and the industries first on site service program. It also established its first international subsidiary in the United Kingdom, and raised $30 million in its initial public offering.
It was Steve Jobs who made Apple leave the garage and make leaps and bounds in the world of technology. Steve Wozniak made the first prototype, but it was Jobs who “saw the potential” in his computer and persuaded Wozniak to sell it (Peterson 106). Even though that first computer saw very little success, Jobs knew that Apple had potential and so released the Apple II. From the beginning Jobs knew what the consumers wanted, and where computers were going to take the world; he had a vision of the opportunities in technology and saw that Apple needed to move in a different direction. In 1984, one year before he left, Jobs finished the Macintosh computer system. He was pushed from his original computer design project, “the Lisa”, and then raced to release the Mac first, but the Lisa was released to the public first. Although the Lisa came out first, the Mac “[became] synonymous with Apple, mark[ing] a…revolution in…personal computing,” (Peterson 106).
Dell Inc. has realized that the most efficient path to the customer is through a direct relationship, with no intermediaries to add confusion and cost. With the power of their direct model and their team of talented people, they are able to provide to their customers high-quality, relevant technology, customized systems, superior service and support, and products and services that are easy to buy and use. HISTORICAL REPORT Dell Inc, was founded as “PC’s Limited” in 1984 by Michael Dell, while still a student at the University of Texas at Austin, with just $1000. From Michael Dell's off-campus dorm room at Dobie Center, the startup aims to sell IBM-compatible computers built from stock components. Michael Dell started trading in the belief that by selling personal computer systems directly to customers, PC's Limited could better understand customers' needs and provide the most effective computing solutions to meet those needs.
Historically, personal computer companies produced most of the components for a computer which they assembled into their final products and distributed to resellers. The manufacturing of these components was vertically integrated into the organisation. Dell, as a small start-up, could not build this infrastructure. Instead, they developed a model where they developed relationships with organisations that could provide these components, allowing Dell to focus on selling and delivering computers. By selling directly to customers, initially through mail orders and later by using the internet, Dell avoided reseller mark-up. Dell also enabled customers to order customised computers, which Dell then assembled after receiving the order (Magretta, 1998, p.73-74). “Customers got exactly the computer they wanted and Dell saved money making the computers only when they were ordered” (Hill & Seggewiss, 2008)....
Although Steve and Bill are competitors, there are similarities between Steve Jobs and Bill Gates. Both of them are the most successful CEO’s in the world. Though they were college dropouts, but they still achieved a lot of success in their own way. Steve was a very innovative man. As the English proverb goes by “ Have no fear of perfection - you will never reach it.” by Salvador Dali. No matter how many times he failed, he could develop things from his own idea and turn them into a successful product. In 1979 Apple’s first product was introduced, people like it very much because of its simplicity and innovative ideas. Later on in year 1980, the company showed a tremendous performance, where its share rose by 32% (Messa, 1998). Similarly, Bill Gates was also like that, but just that Steve was in a company which makes hardware prod...
In one of the best “American Dream” stories known to this generation, Steve Jobs has built what he believed into a reality. Steve Jobs was born into a very simple life, but left it being one of the most innovative leaders of all time. Time and time again, he was able to rally his team to bring forth some of the best, and most exciting new items in my lifetime. One of the reasons behind this is due to his amazing leadership abilities that seemed to come so natural to him.
So here I present you the path that gave us the Bill Gates we have today. Firstly, Bill Gates was fortunate enough to be born in a fine and educated family, where his parents were an educator and a lawyer. He had the privilege to all the essential necessities, such as clothing, food, and water sources which many other kids do not have. More than that, his family was wealthy enough to buy him toys and games and other things which would be far too extravagant to others. These small things created a stronger foundation for Bill Gates’
This case traces the strategic decisions of Intel Corporation which defined its evolution from being a start-up developer of semiconductor memory chips in 1968 to being the industry leader of microprocessors in 1997 when it ranked amongst the top five American companies and had stock market valuation of USD 113 billion.
Dell’s initial competitive strategy, when it was founded in 1984 by Michael Dell, was to focus mainly on differentiation. Its strategy was to sell customised personal computer systems directly to customers, which was a rapidly emerging market at that time (1). This was done by targeting second-time customers, those that already understand computers and know what they wanted. Meanwhile other companies at the time was selling “’plain brown wrapper’ computers” (2). By offering customisations, Dell gained a better understanding of customers’ needs and wants. This helped the organisation position itself differently against the more popular brands, such as Compaq and IBM.
Michael Dell founded Dell Computer Corporation in 1984 with a simple vision and business concept – that personal computers can be built to order and sold directly to consumers. Michael believed his approach had two advantages: (i) by passing distributors and retail dealers eliminated the markups of resellers, and (ii) building to order greatly reduced the costs and risks associated with carrying large stocks of parts, components and finished goods. Its build-to-order and sell-direct approach proved appealing to growing numbers of customers in the mid 1990s as global PC sales rose to record level. In 1998, it was already the 3rd manufacturer in the United States with a 12% share of PC market and a nearly 6% share worldwide. The company’s fastest growing market for the past several quarters was Europe. Even during the Asia economic woes in the early 1998, Dell’s sales in Asia rose 35%. Its sales at the Internet Web site were about $5 million a day and expected to reach $1.5 billion annually by the year-end 1998. Since 1990, Dell’s stock price had exploded from 23 cents per share to $83 per share in May1998 with a 36,000% increase and was the top performing big company then.