IDEA GENERATION:
Exposure to the computer industry fostered Dell's desire to start a computer business (Taken from: http://www.answers.com/topic/michael-dell). He began the venture alone, his parents had another idea—that Dell should become a physician but Dell decided to stop his studies and pursue his business venture instead (Taken from: http://www.answers.com/topic/michael-dell).
When it came to barriers, it was ironic that when Dell made big mistakes, those mistakes conflicted with his most cherished ideas: to manage inventory, to focus on the customer, and to sell direct to the customer (Taken from: http://www.answers.com/topic/michael-dell).
Despite increasing competition, plummeting average PC prices and global business turmoil, Dell remains the world's fastest-growing major computer company and the largest manufacturer selling directly to end users (taken from www.bnet.com).
PLANNING & FINANCE:
Dell started PC Limited with a capital of $1000. He adjusted his plans frequently, according to the needs of the market. The exact frequency is unknown but his plans were adjusted constantly before the need to adjust arises.
In 1986 Lee Walker, a venture capitalist and consultant, joined Dell Computer and established a mentoring relationship with Dell. Dell matured as a businessman when he accepted Walker's decision to fire or demote most of the senior management staff, recognizing the need to find people who could grow into positions of increasing responsibility as the company expanded. (Taken from: http://www.answers.com/topic/michael-dell).
Concerning his future plans for this enterprise, he states, “We are at the da ...