Giving Credit Essay

schemaIn this assignment we compare the live ons of 2 men that workd inventions that changed the world we live in. Throughout their careers and success they had hurdles to jump and become modern thinkers to fashion futures in their ch anyenging patience. Great men and thinkers git move mountains and make paths to new industries.Giving Credit Where Credit Is DueAs entrepreneurs in a growing world of engineering and change Andy plantation and Michael dingle pioneered the industry. They were innovators, visionaries and industry leaders in their fields. Andy Grove envisioned change to create faster and more productive focuss to utilize the way we touch information. As an immigrant he passed through the walls of terror in his home boorish of Hungry which was facing many issues of destruction that the Nazis enforced. He fled to the United States in the 1960s to create a better life history and future for himself. Andy established a small company that he called Intel which c reated an coarse new future for the information processing system engineering.His contributions awarded him the esteem acknowledgement as quantify Magazines person of the year. He pursued his dreams as all inventors to create products and progress in the ever-changing need for new technology. Andy Grove created the chip and the microprocessor that allowed information to be processed much faster and small in size. Mr. dell also an inventor at an early grow set up a laboratory in his dorm style while attending college to create his personal com targeter.His success with the personal computer caught on quick because he utilize a target supposition to include his client in the structure of his product. Michael dingle believed that understanding his customers needs and issues would enable dingle to create good emulous products. He believed that cutting the middlemen out of the sales marketplace would allow him that advantage. With that direct shape up Dell was able to endur e many obstacles as puff up as the recession that created market crashes in the early 2000s. (Krames, Jeffrey A. What the Best CEOs manage 7 exceptional leaders and Their Lessons for Transforming Any Business)both Andy Grove and Michael Dell endured much criticism from competitorsbecause of their business accession and products and business logic. Mr. Grove instilled paranoia in his corporate CEOs so that they could become fearful of existence caught off guard. Mr. Dell used his customers to create standards that would give him the leading edge over his competitors. Both were accused 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 let down the cost of his product by cutting out the middlemen which make him m ore competitive and viable to sustain the economic downfalls. His competitors accused him of lowering his cost so as to drive the market sales out from the non profitable companies.Both Mr. Grove and Mr. Dell used simple methods to approach the needs and creativity of the growing markets. Andy Grove make sure that being too comfortable with the products that his company offered just wasnt going to be enough. He looked ahead to come about 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 based product. He believed creating his product for the customers quite an than just pass 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 culture and customer based satisfaction.They differed by th e way each approached the markets, Intel needed to create a superior product rather and more often to keep up with changing technologies. Dell used the customer to create products based on the user need. Each approached their vegetable marrow values of business and what works for them to create value and sustainability. Dell had the market share by using the internet 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 ground breaking products that led the industry standards.Mr. Grove believed that being complacent would drive him out of the industry and ultimately close the doors. He encouraged his CEOs to listen to his sales team to make 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 crea te rather than become comfortable because Grove feared that waiting for the market to fail made Intel week. Mr. Dell believed that his customers gave him the strength to survive and customize his business to their needs.Dell never overstocked and always built their product to order. Dell realized that over burdening their armoury would devastate their ability to keep costs down. Dell learned from their mistakes worry the Olympic brand which compromised the need of customers and their ability to utilize technology threaten the Dell line of products. Dell made efforts to speak to the public and key out 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 creating new and exciting products that can be u ser friendly and affordable make profits. Both of these two companies are very profitable and determined to create intelligent and likable industries. The changing markets constantly demand new and better technologies that will enable us to accelerate computer speeds and retain more memory without sorb higher prices and engineering.ReferencesAmerican mental Association. 2010). Publication 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)