Quote

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
Probably
Wrong
Understand
Business
Economics
Order
Strategy
Believe
Fail
Structure
Failing

More quotes by Michael Dell

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The idea of being all things to all people is a thing of the past.
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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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Don’t be afraid to fail. Get out there and experiment and learn and fail and get a rate based on the experiences you have. Go for it and when you go for it you’ll learn what you’re capable of, what the potential is, where the opportunities are, but you can’t be afraid to fail because that’s when you learn.
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By questioning all the aspects of our business, we continuously inject improvement and innovation into our culture.
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If you want to sustain excellence over a long time, you'd better come up with a system that works well. Anyone can sprint for a little while, but you can't sprint for forty years.
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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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You don't have to be a genius or a visionary or even a college graduate to be successful. You just need a framework and a dream.
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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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Don't spend so much time trying to choose the perfect opportunity, that you miss the right opportunity.
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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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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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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.
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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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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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Collaboration equals innovation.
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There's always an opportunity to make a difference
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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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Anything that can be measured can be improved
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I'm a big believer in online communities and in user-generated content.
Michael Dell
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There is no better catalyst to success than curiosity.
Michael Dell