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8/6/2019 Michael Sual Dell
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Team members:
V.Prakash Reddy(DM-06-028)
G.Dinesh (DM-06-036)
K.Pavan Kumar (DM-06-070)
D.Rajesh (DM-06-073)
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H
e is a business magnate andthe founder and chiefexecutive officer of Dell Inc.
He was born on February 23,1965 in an American Jewishfamily.
He is one of the richestpeople in the world, with anet worth of US $14 billion in2010.
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Family background
His father Alexander is an orthodontist
His mother Lorraine Dell is a stock broker
His wife is Susan dell and he has four kids
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Education and childhood
Dell attendedH
erod Elementary School inH
ouston,Texas.
In a bid to enter business early, he applied to take a
high school equivalency exam at age eight.
He attended MemorialHigh School inHouston, selling
subscriptions to theH
ouston Post in the summer.
He earned $18,000 by selling newspapers in a singleyear.
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In his early teens, he invested his earnings from part-time jobs in stocks and precious metals.
He was very much interested in electronic items.
At age 15, he bought one of the first Apple computers
and immediately disassembled it, to see if he could put itback together.
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In his first year at the University of Texas, he started asmall business, selling computer disk drives.
Dell purchased unsold IBM PCs from retailers at cost,
adding additional memory and disk drives and selling
them at prices ten to 15 percent below retail.
With an initial investment of $1,000, he registered thebusiness with the State of Texas
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Within months he moved off campus, filling a largeapartment with computer parts and assembling newcomputers from scratch at a fraction of the cost of thetraditional retailers.
He promised his parents to curtail his business activities
and concentrate on his studies
By spring vacation he had to break the news: his venture
was writing sales of $80,000 a month
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He left school and incorporated the company -- initially
called PC's Limited and started selling personal computers by
telephone order
By 1986, PC's Limited was offering the first toll-free
technical support service, a practice later adopted widely
in the computer industry.
As his business exploded, Dell continued to offercustomers a discount of ten percent below hiscompetitors through the application of "just-in-time"supply practices.
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Unlike other manufacturers, Dell purchased partsbased on orders already in hand, and only assembledmachines for immediate delivery.
In 1988, Michael Dell changed the firm's name to DellComputer Corporation and took the company public.
By 1992, Dell Computer had entered the Fortune 500list of the world's largest companies, and at age 27,Michael Dell was the youngest CEO ever to lead one ofthe 500.
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Achievements
He founded Dell in 1984.
In 1992, Mr. Dell became the youngest Chief ExecutiveOfficer of a company ever to earn a ranking on the
Fortune 500.
The title Entrepreneur of the Year from Inc.
Magazine.
Man of the Year by PC Magazine
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Top Chief Executive Officer in American Businessfrom Worth Magazine
Chief Executive Officer of the Year by FinancialWorld and Industry Week magazines.
In 1997, 1998, and 1999, Mr. Dell was included inBusiness Week's list of The Top 25 Managers of theYear.
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Executive search firmHeidrick and Struggles namedhim their High Impact Chief Executive Officer for1996 and 1997.
In 1999, Mr. Dell wrote the best-selling book DirectFrom Dell: Strategies That Revolutionized an Industry,his story of the rise of Dell Computer Corporation andthe strategies he has refined that apply to all businesses.
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Named CEO of the Year 2001
Wealthiest individual under 40, in 2000, 2001, 2003,
2004.
If his DELL stock lost all value
- Michael will still be the wealthiest person under 40,until his birthday in 2105.
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PHILANTHROPHY
In 1999, Michael and Susan Dell established the Michaeland Susan Dell Foundation, which focuses on childrenscauses
2010, the foundation had committed more than $530million to assist nonprofit organizations serving urbancommunities in the United States and India
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The foundation has also provided $65 million in grantsto three health-related organizations associated with theUniversity of Texas:
1. The Michael & Susan Dell Center for Advancement
ofHealthy Living2. The Dell Paediatric Research Institute
3. The Dell Childrens Medical Center
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Member of Governing Board of Indian School ofBusiness
Founder, Chairman and Chief Executive Officer of
Dell Singapore Pte. Ltd.
Founder, Chairman and Chief Executive Officer of DellInc.
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OTHERAFFILIATIONS
Dell Ventures
MSD Capital, L.P.
The Michael and Susan Dell Foundation
Dell (China) Company Limited
World Economic Forum
Indian School of Business
Sky Bridge Capital, LLCDell Singapore Pte. Ltd.
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Three Golden Rules of DELL
1. Disdain inventory
2. Always listen to the customer
3.Never sell indirect.
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Problems arise but itsyour ability to addressthem, learn from themand not repeat them thatwill bring you success.
Dont be afraid to fail.Failure can teach you a greatdeal. I encourage people toexperiment and learn figure
out what youre capable ofand what opportunities areout there.