Team members: V.Prakash Reddy(DM-06-028) G.Dinesh (DM-06-036) K.Pavan Kumar (DM-06-070) D.

Rajesh (DM-06-073)

He is a business magnate and the founder and chief executive officer of Dell Inc. He was born on February 23, 1965 in an American Jewish family. He is one of the richest people in the world, with a net worth of US $14 billion in 2010.

Family background
His

father Alexander is an orthodontist mother Lorraine Dell is a stock broker wife is Susan dell and he has four kids

His

His

Education and childhood attended Herod Elementary School in Houston, Texas. a bid to enter business early, he applied to take a high school equivalency exam at age eight. attended Memorial High School in Houston, selling subscriptions to the Houston Post in the summer.
He In Dell

He earned $18,000 by selling newspapers in a single year.



his early teens, he invested his earnings from parttime jobs in stocks and precious metals.

In

He

was very much interested in electronic items.

age 15, he bought one of the first Apple computers and immediately disassembled it, to see if he could put it back together.

At

In his first year at the University of Texas, he started a small 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 the business with the State of Texas

months he moved off campus, filling a large apartment with computer parts and assembling new computers from scratch at a fraction of the cost of the traditional retailers. He promised his parents to curtail his business activities and concentrate on his studies

Within

By spring vacation he had to break the news: his venture was writing sales of $80,000 a month

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 offer customers a discount of ten percent below his competitors through the application of "just-in-time" supply practices.

other manufacturers, Dell purchased parts based on orders already in hand, and only assembled machines for immediate delivery.


Unlike

In 1988, Michael Dell changed the firm's name to Dell Computer Corporation and took the company public.

1992, Dell Computer had entered the Fortune 500 list of the world's largest companies, and at age 27, Michael Dell was the youngest CEO ever to lead one of the 500.

By

Achievements
He

founded Dell in 1984.

1992, Mr. Dell became the youngest Chief Executive Officer of a company ever to earn a ranking on the Fortune 500.
The

In

title Entrepreneur of the Year from Inc. Magazine.

Man

of the Year by PC Magazine

Top

Chief Executive Officer in American Business from Worth Magazine

Chief

Executive Officer of the Year by Financial World and Industry Week magazines.
In

1997, 1998, and 1999, Mr. Dell was included in Business Week's list of The Top 25 Managers of the Year.

Executive search firm Heidrick and Struggles named him their High Impact Chief Executive Officer for 1996 and 1997.

In 1999, Mr. Dell wrote the best-selling book Direct From Dell: Strategies That Revolutionized an Industry, his story of the rise of Dell Computer Corporation and the strategies he has refined that apply to all businesses.

Named

CEO of the Year 2001 individual under 40, in 2000, 2001, 2003,

Wealthiest

2004.
If

his DELL stock lost all value

- Michael will still be the wealthiest person under 40, until his birthday in 2105.

PHILANTHROPHY

In

1999, Michael and Susan Dell established the Michael and Susan Dell Foundation, which focuses on childrens causes

2010,

the foundation had committed more than $530 million to assist nonprofit organizations serving urban communities in the United States and India

The foundation has also provided $65 million in grants to three health-related organizations associated with the University of Texas:
1.

2. 3.

The Michael & Susan Dell Center for Advancement of Healthy Living The Dell Paediatric Research Institute The Dell Childrens Medical Center

BOARD OF DIRECTORS MEMBERSHIPS

Chairman

and Chief Executive Officer Dell Ventures

and Director of The Michael and Susan Dell Foundation

Member

President

of Foundation of Board World Economic

Forum

Member

of Governing Board of Indian School of

Business
Founder,

Chairman and Chief Executive Officer of Dell Singapore Pte. Ltd.

Founder,

Chairman and Chief Executive Officer of Dell

Inc.

OTHER AFFILIATIONS

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, LLC Dell Singapore Pte. Ltd.

Three Golden Rules of DELL

1. Disdain inventory 2. Always listen to the customer 3. Never sell indirect.

Problems arise but its your ability to address them, learn from them and not repeat them that will bring you success.


Dont be afraid to fail. Failure can teach you a great deal. I encourage people to experiment and learn figure out what youre capable of and what opportunities are out there.