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Essay / Research Paper Abstract
A 9 page paper. This essay is about entrepreneurship, it begins by identifying only a few of the greatest entrepreneurs in history. The writer uses Michael Dell and Dell Inc. as an example of one of today's most successful entrepreneurs. The paper discusses some of the differences between past entrepreneurs and those of today, the characteristics of a successful entrepreneur, and the importance of small business to the economy. Selected Dell fiscal data are included. Bibliography lists 10 sources.
Page Count:
9 pages (~225 words per page)
File: MM12_PGentrpd.rtf
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Unformatted sample text from the term paper:
greatest entrepreneurs of all time. One list includes: King Croesus who minted the first coinage in the world; Pope Sixtus IV who created indulgences for the dead because the church
needed more money, Benjamin Franklin who is considered Americas first real entrepreneur; P.T. Barnum; Thomas Edison; Henry Ford; Bugsy Siegel; Ray Kroc; H. Ross Perot; Steve Jobs and Steve Wozniak
(Harper, 2006). We can all think of dozens of others in our own lifetimes that are not on this list, like Tom Watson, who established IBM, Sam Walton, Bill Gates,
Martha Stewart, Oprah Winfrey, Richard Powers, Larry Page and Sergey Brin (founders of Google) and so on. The list could go on for pages. The modern entrepreneur selected for this
paper is Michael Dell because he changed the way people buy computers. He also changed the way computers are marketed. He started with very little and two decades later, Dell
is the #1 computer in the United States. Sales in 2006 totaled (mil.) $55,908.0, a 13.6 percent increase over 2005 (Lower, 2006). Net income was (mil.) $3,572.0, an increase of
17.4 percent (Lower, 2006). The number of employees increased by 18 percent (Lower, 2006). Michael Dell founded the company in 1984 and continued in his role as chief executive officer
and chairman until 2004; he is still the chairman of the board (Dell, 2006; Lower, 2006). He had $1,000 and an idea - if you sell directly to the customer,
you will have a far better idea of what the customer wants and expects (Dell, 2006). Every system ordered is built to the needs of each customer (Dell, 2006). This
approach also allows the company to offer customers the latest technology nearly as soon as it is developed (Dell, 2006). The company expanded internationally quickly. In 1987, they opened a
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