Giving Credit Essay

AbstractIn this assign workforcet we compare the lives of twain men that bring into beingd inventions that changed the world we live in. Throughout their careers and success they had hurdles to flip-flop and become innovative thinkers to bring on futures in their challenging constancy. Great men and thinkers can move mountains and open paths to in the buff industries.Giving realization Where Credit Is DueAs entrepreneurs in a growing world of technology and change Andy orchard and Michael dingle pioneered the industry. They were innovators, visionaries and industry leaders in their fields. Andy orchard envisioned change to farm faster and more crossingive shipway to utilize the way we process information. As an immigrant he passed through the walls of fright in his home country of Hungry which was facing some(prenominal) issues of ending that the Nazis enforced. He fled to the United States in the 1960s to create a damp life and future for himself. Andy established a little(a) company that he called Intel which created an immense untried future for the computer technology.His contributions awarded him the respectfulness acknowledgement as Time Magazines person of the year. He pursued his dreams as all armourers to create products and progress in the dynamical need for new technology. Andy Grove created the chip and the microprocessor that allowed information to be svelte much faster and smaller in size. Mr. dell also an inventor at an early age set up a science lab in his dorm room while attending college to create his ad hominem computer.His success with the personal computer caught on quick because he use a direct theory to include his customer in the twist of his product. Michael dingle believed that understanding his customers needs and issues would enable Dell to create good competitive products. He believed that cutting the middlemen out of the gross gross revenue market would allow him that advantage. With that direct prelu de Dell was able to tarry many obstacles as well as the recession that created market crashes in the early 2000s. (Krames, Jeffrey A. What the exceed CEOs get along 7 Exceptional Leaders and Their Lessons for Transforming all Business)Both Andy Grove and Michael Dell endured much criticism from competitors because of their business approach and products and business logic. Mr. Grove instilled paranoia in his corporate CEOs so that they could become terrific of being caught off guard. Mr. Dell utilise his customers to create standards that would give him the atomic number 82 edge over his competitors. Both were criminate of manipulating the industry and deceiving the product consumers. Intel was accused of creating an inferior product that put fear into the consumer to believe the chips that were being used would create disastrous failures to the products who endorsed his chip. Dell had a simple approach to create sales and marketing by lowering the cost of his product by cutting out the middlemen which do him more competitive and viable to obtain the economic downfalls. His competitors accused him of lowering his cost so as to call for the market sales away from the non advantageous companies.Both Mr. Grove and Mr. Dell used simple methods to approach the needs and creativity of the growing markets. Andy Grove do sure that being too comfortable with the products that his company offered righteous wasnt going to be enough. He looked ahead to keep creating new products that would soon be replaced by a growing need for better technology. Mr. Dell never doubted his approach to keep his overhead down and modeled his success on a customer base product. He believed creating his product for the customers rather than just offering his product without realizing their valuable input. Their similarities are based on what the customer and technology needs to sustain a profitable and sustainable future. They share innovative ideas in product development and customer based satisfaction.They differed by the way each approached the markets, Intel needed to create a superior product sooner and more often to keep up with changing technologies. Dell used the customer to create products based on the user need. Each approached their core values of business and what works for them to create value and sustain capacity. Dell had the market share by using the cyberspace to generate sales through machine to machine based sales and conserved his manpower to keep the cost of his product low. Intel spent many hours of research and product development to create new and innovative institute breaking products that led the industry standards.Mr. Grove believed that being complacent would crash him out of the industry and eventually close the doors. He encouraged his CEOs to beware to his sales team to find out the needs of the customers Andy Grove referred to those individuals as Cassandras that would pass on valuable customer feedback. His pushes to create paranoia made Intel strong and create rather than become comfortable because Grove feared that time lag for the market to fail made Intel week. Mr. Dell believed that his customers gave him the strength to survive and tailor-make his business to their needs.Dell never overstocked and always built their product to order. Dell realized that over burdening their inventory would devastate their ability to keep cost down. Dell learned from their mistakes like the Olympic brand which compromised the need of customers and their ability to utilize technology threatened the Dell line of products. Dell made efforts to speak to the public and hear what they had to say and put that information into their products. (Krames, Jeffrey A. What the Best CEOs Know 7 Exceptional Leaders and Their Lessons for Transforming Any Business)Both of these pioneers created a wealth of knowledge and bridged the technology industry to what is today. Innovation is the foundation of the industry and cr eating new and exciting products that can be user friendly and low-priced make profits. Both of these two companies are very profitable and determine to create intelligent and appealing industries. The changing markets constantly demand new and better technologies that will enable us to accelerate computer speeds and have more memory without absorbing higher prices and engineering.ReferencesAmerican Psychological Association. 2010). effect manual of theAmerican Psychological Association (6th ed.). Washington, DC Author. (Krames, Jeffrey A. What the Best CEOs Know 7 Exceptional Leaders and Their Lessons for Transforming Any Business)