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I believe that you have to understand the economics of a business before you have a strategy, and you have to understand your strategy before you have a structure. If you get these in the wrong order, you will probably fail.
Michael Dell
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Michael Dell
Age: 59
Born: 1965
Born: February 23
Businessman
Computer Scientist
Entrepreneur
Financier
Houston
Texas
Michael Saul Dell
Believe
Fail
Structure
Failing
Probably
Wrong
Understand
Business
Economics
Order
Strategy
More quotes by Michael Dell
I have no doubt that in the future, wearable devices like Fitbit will know my blood pressure, hydration levels and blood sugar levels as well. All of this data has the potential to transform modern medicine and create a whole new era of personalized care.
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If you don't have jobs, it's hard to have other things like health and education.
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Whether you've found your calling, or if you're still searching, passion should be the fire that drives your life's work.
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One of the things was to create a kind of amnesty environment.
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We've found that customers are very open. They'll tell you what's going on, what's working and what's not. They're looking for help.
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People ask me all the time, 'How can I become a successful entrepreneur?' And I have to be honest: It's one of my least favorite questions, because if you're waiting for someone else's advice to become an entrepreneur, chances are you're not one.
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Recognize that there will be failures, and acknowledge that there will be obstacles. But you will learn from your mistakes and the mistakes of others, for there is very little learning in success.
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I always knew I wanted to run a business someday.
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Collaboration equals innovation.
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I'm a big believer in online communities and in user-generated content.
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You just have to change. To be successful, what you have to do is have an acceptance of risk and you have to be pretty explicit about that, because if you don’t accept risk, you don’t get any innovation. And that means part of risk is you have to accept failure because not everything works.
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From the time I was 7, when I purchased my first calculator, I was fascinated by the idea of a machine that could compute things.
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I had to give it a full go and see what happened.
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Americans are known for their strength, fortitude, and generosity in times of need. We encourage people in the U.S. and everywhere to give with their hearts, reach out to these victims, and donate what they can to the relief efforts.
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There is no better catalyst to success than curiosity.
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If we have 99% [market] share of Ford Company, the question to us is 'How do we improve the customer satisfaction in order to get that additional 1% share?
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There are a lot of things that go into creating success. I don't like to do just the things I like to do. I like to do things that cause the company to succeed. I don't spend a lot of time doing my favorite activities.
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It had always made sense to me to build a business based on what people really wanted, rather than guess what we thought they might want.
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It's through curiosity and looking at opportunities in new ways that we've always mapped our path at Dell. There's always an opportunity to make a difference.
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I'm pretty active anyway, but I'm also competitive.I used my Fitbit as an example of the innate power of data to turn information into insights and actions.
Michael Dell
