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A Comparison of Successful Business Men

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A Comparison of Two Successful Business Men

Northcentral University

10-05-2013

A Comparison of Two Successful Business Men

Michael Dell started Dell Computer Corporation officially in 1984 (Krames, 2003, p. 58). Within four years, his company went public and raised $30 million in its initial public offering (Krames, 2003). At the age of just 27, he became the youngest CEO of a fortune 500 company (Krames, 2003). His ground-breaking success was due to an innovative business model that most other companies across many industries have still not been able to duplicate to this day. He believed the customer should be the driving factor in his product development, inventory procurement and product distribution. Every step in his supply chain was based on the initial consultation with the customer. He listened when they told him exactly what they wanted and he delivered a product meeting or exceeding their expectations. Andy Grove started out as Andras Grof, a Hungarian Jew that survived the Nazi invasion during World War II (Krames, 2003, p. 134). Krames (2003) recounts that Andy fled to the United States in order to escape the Nazi hordes and taught himself English. Krames (2003) further illustrates that Andy worked his way through college and eventually graduated from Berkeley. In the late 1960’s, Krames (2003) explains that Andy cofounded a small high-tech company named Intel. His paranoia from his previous life bred the one major factor that drove him and his company to success as the world’s largest chipmaker (Krames, 2003).
Resistance Encountered

Both men encountered drastic resistance during their tenures as CEOs of their corporations. Michael, just five years after taking Dell public, attempted to mass produce a computer system based on the most advanced technologies available at the time (Krames, 2003). There was not a strong

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