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Essay / Research Paper Abstract
This 3-page paper focuses on the process of making "big bets" in business, and whether it's wise to do so. Also discussed are what constitutes big bets in business and whether big bets are rational or non-rational forms of thought
Page Count:
3 pages (~225 words per page)
File: D0_MTbizris.rtf
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Unformatted sample text from the term paper:
made in business? What exactly are big bets? And does such advice follow rational or non-rational decision-making? The article itself dealt with
Microsoft CEO Steve Ballmer, and the topic he presented to the Rotman School of Management at the University of Toronto. Much of what he said involved the standard way of
business thinking; namely that successful companies to succeed need a clear vision, priorities, an ability to adapt to quickly changing times and strong leadership.
When Bill Gates joined the discussion, noting that other things led to creation of a successful business, namely creating employee excitement by hiring people who are passionate about
the changes that technology can make in peoples lives - and a willingness to make "big bets." Both those strategies worked quite well for Microsoft, though it may not work
as well for other companies (Microsoft literally had nothing to do, whereas failure would be a huge problem for other companies). Ballmer pointed out that Microsofts big bets involved Windows,
NT Technology and .NET, its Internet business (although many have criticized Microsoft for not making this bet on the Internet years ago).
The author of this article went on to point out companies in Canada that had made and succeeded on big bets (such as Nortel on optical networking and JDS Uniphase
on optical components). Toronto Dominion Bank, during the 1980s, opted not to acquire an investment bank but instead, to build up its own discount broker, with TD Waterhouse now being
one of the worlds largest and successful discount operators. On the downside was Edgar Bronfman Jr., for making his big bet in 1995 by selling Seagrams 25 percent interest in
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