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An Assessment of Michael Dell’s Innovations and Entrepreneurial Accomplishments

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An assessment of Michael Dell’s innovations and entrepreneurial accomplishments

Introduction
A topical background
Entrepreneurship has special significance in the business world and has become a key driver to the development of the economy. It is a huge source of employment, economic growth, and technological progress (Kuratko, 2007; Reynolds et al, 2004) and represents innovation and a progressive economy (Orhan and Scott, 2001). It’s the process of value creation using the required time and effort and assuming the various factors such as financial, physical, and social risks, for rewards of monetary and personal satisfaction (Hisrich and Brush, 1985).
Michael Saul Dell is an American businessman, investor, philanthropist and author. He founded Dell Inc. which is one of the world’s leading personal computer sellers. He was ranked the 41st richest person in the world on the 2012 Forbes list of billionaires, with a net worth of US$22.4 billion as of December 2014 (Michael Saul Dell Wiki Wikipedia Bio Biography, 2014).
As a pre-medical student, Michael bought left over PCs from local retailers which he upgraded and sold. His hobby was wildly successful that he decided to quit college. In his first month, Dell sold approximately $180,000 worth of PCs (Michael Dell, Wikipedia, 2015).
To expand his business, Dell realized that if he bought components and assembled the entire PC himself, he could use telemarketing to sell his machines directly to customers at a 15% discount compared to established names. This was the conception of "the direct model of selling" which revolutionized the industry and made Dell a multibillionaire (Michael Dell, Wikipedia, 2015).
Objective
The objective of this report is to analyze the entrepreneurial characteristics and innovative traits of Michael Dell and the journey that led him to turn a fledgling start-up into a multi-billion

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