For this activity, read the two chapters listed in the Activity Resource section (Krames, J. A. (2003) Chapters 2 & 5). Each chapter relates to a successful, innovative business professional. You will be asked to discuss their journeys as practitioners and their contributions. Prepare a brief, 2-3 page paper in which you compare and contrast the two chapters. Address the following in your paper:
Finally discuss what factor(s) you think (environmental, professional, personal) may have impacted their success.
Giving Credit Where Credit is Due
In this paper, we will be discussing about two renowned business professionals, i.e. Michael Dell and Andy Grove. Michael Dell, the CEO of Dell Computers translated the wholesaling of his personal computer industry into retailing, bypassing the intermediaries and selling the computers directly to consumers. He pioneered personal computer manufacturing by establishing a process to mass-produce individually made-to-order computers. He then warranted consumers to order these personalized computers entirely online. His novelty in manufacturing and distribution had made him one of the most noteworthy businessmen of his time. Andy Grove, the Ex-CEO of Intel Corp., one of the most commanding microprocessor manufacturing companies in the world. He is eminently looked upon both as a physicist in the field of semiconductors as well as a proficient in management. With Intel Corp., he advocated to institute an information revolution, a unique and unparalleled, since the invention of the printing media. He is acknowledged as a person most engaged in the astounding advancement in the power and innovative potential of microchips.
Michael Dell’s direct distribution model is a striking one, as it devolved much of the financial burden of manufacturing upon its suppliers, and its manufacturing capability is marvelous too. The model got a welcoming thrust over the internet, which allowed its customers to shop by themselves and pick their products. The Dell’s direct model is not only to eliminate the middlemen’s costs, but is also to remove the obstacles to first hand information flow. Dell’s matchless direct model enables it to