Bill Gates The Most Successful Entrepreneur Of 20 th Century Presented By: Ankit Gupta Bill Gates Most Successful Entrepreneur Of 20 th Century Presented By Ankit Gupta It was a risk that’s paid off Immensely!!
About Bill Gates <ul><li>William Henry " Bill " Gates III (born October 28, 1955) is an American business magnate, philanthropist, and chairman of Microsoft, the software company he founded with Paul Allen. He is consistently ranked among the world's wealthiest people. During his career at Microsoft, Gates held the positions of CEO and chief software architect. He has also authored or co-authored several books. </li></ul>
Early Days <ul><li>Gates was born in Seattle, Washington, to William H. Gates, Sr. and Mary Maxwell Gates, of English, German, and Scotch-Irish descent. His family was upper middle class; his father was a prominent lawyer, his mother served on the board of directors for First Interstate BancSystem and the United Way. </li></ul>
Childhood <ul><li>Gates has one elder sister, Kristi (Kristianne), and one younger sister, Libby. He was the fourth of his name in his family. Early on in his life, Gates' parents had a law career in mind for him. </li></ul>
Schooling <ul><li>He was enrolled at Lakeside school in 13. </li></ul><ul><li>His school has purchased a computer terminal and a block of time of computers of General Electric. </li></ul><ul><li>Gates started taking interest in programming. </li></ul>
Prodigy <ul><li>He wrote his first computer program on Tic-Tac-Toe. Gates was fascinated by the machine and how it would always execute software code perfectly. When he reflected back on that moment, he commented on it and said, "There was just something neat about the machine." </li></ul>
Notorious Computer Geek <ul><li>Since programming was in his blood, he along with his four friends were banned by Computer Center Corporation for exploiting bugs in the system so that they can get more time with computers. After the ban for students were offered to work in CCC. Later they were hired by Information Sciences Inc. to write a program in COBOL. </li></ul>
A Genius <ul><li>The Company soon realized his capabilities of programming, he was offered to write school's computer program to schedule students in classes. He deliberately modified the code so that he was placed in classes with mostly female students. He later stated that “It was hard to tear myself away from a machine at which I could so unambiguously demonstrate success.” </li></ul>
College Pals <ul><li>Gates graduated from Lakeside School in 1973. He scored 1590 out of 1600 on the SAT and enrolled at Harvard College in the autumn of 1973. While at Harvard, he met Steve Ballmer, who later succeeded Gates as CEO of Microsoft. He did not have a definite study plan while a student at Harvard and spent a lot of time using the school's computers. </li></ul>
Incomplete Graduation <ul><li>In 1974, MITS Altair 8800 Computer came into market. Gates and Allen had sought this event as their opportunity to start their business of developing system emulators. He proposed the company to show their demonstration in BASIC language. As a consequence of successful demonstration they got an opportunity to develop the emulator. Paul Allen was hired by the company. While Gates took a leave from college to complete the project and never returned to Harvard. </li></ul>I knew what I have to do…… So I never came back!!!
Launching A Revolution: Starting Of MICROSOFT <ul><li>Soon after developing the emulator of Altair 8800 and when Gates drop out the college, they bind into a partnership and name their firm as Micro-soft. and had their first office located in Albuquerque. Within a year, the hyphen was dropped, and on November 26, 1976, the trade name "Microsoft" was registered with the Office of the Secretary of the State of New Mexico. </li></ul>Dream On! Dream On! Dream On! Dream until your dream comes true!!!
IBM Partnership <ul><li>In 1980, IBM approached Gates to develop a BASIC interpreter for their PC, but Gates referred them to SCP . IBM representatives requested Gates for developing the OS as they got problems in licensing from SCP. A few weeks later Gates proposed using 86-DOS(QDOS), an operating system similar to CP/M SCP. </li></ul>
A Witty Decision <ul><li>Gates did not offer to transfer the copyright on the operating system, because he believed that other hardware vendors would clone IBM's system . They did, and the sales of MS-DOS made Microsoft a major player in the industry. </li></ul>Microsoft made a deal with SCP to become the exclusive licensing agent, and later the full owner, of 86-DOS. After adapting the operating system for the PC, Microsoft delivered it to IBM as PC-DOS in exchange for a one-time fee of $50,000. Good Job Billy!!!
Emerging Of Windows <ul><li>Microsoft launched its first retail version of Microsoft Windows on November 20, 1985 and made an agreement with IBM PC’s. As the time progressed, Microsoft developed a pool of Software Engineers and released different versions of widows till date. </li></ul>Quick Facts: Today, 91% of Computers Use Windows OS!!!
Keys to Gates Success <ul><li>Stick to your vision </li></ul><ul><li>Develop an A-team </li></ul><ul><li>Think Long Term </li></ul><ul><li>Make a strong recovery </li></ul><ul><li>Never Stop Learning </li></ul>
Vision <ul><li>In order to remain well focused while running a company one requires to have a Vision and a Mission. When Bill Gates was asked by Fortune to explain the astounding success of his brainchild, Microsoft, his immediate response was, “Our vision, which has not changed since the day the company was founded.” </li></ul>
Team Work!!! <ul><li>While Gates has been the famous face of Microsoft for over thirty years, it took the help of numerous other trusted individuals to help realize the company’s success </li></ul>“ At Microsoft, there are lots of brilliant ideas, but the image is that they all come from the top,” says Gates. “I’m afraid that’s not quite right.”
“ We weren’t trying to just go public and get rich ,” recalls Gates of his early Microsoft days. “There was no near-term thing . It always was this many-decades thing where there were no shortcuts and we’d sort of put one foot in front of the other.” Long Term Thinking
“ Every now and then I like to pick up a copy of Time magazine and read every article from beginning to end, not just the articles that interest me most,” says Gates. “That way you can be certain to learn something you didn’t know previously.” Never Stop Learning!!!
His Management Styles <ul><li>Labor intensive company </li></ul><ul><li>Invests a lot on R&D </li></ul><ul><li>His aim is to make every thing on top </li></ul><ul><li>He emphasizes more on product simplification </li></ul><ul><li>Aggressive & Robust Marketing strategies </li></ul>One of Microsoft's key strategies is, "Find smart people who know the technology and the business."
Entrepreneurial Traits <ul><li>Gates Believe in: </li></ul><ul><li>Taking personal responsibility </li></ul><ul><li>Setting high benchmarks </li></ul><ul><li>Rewarding skilled professionals </li></ul><ul><li>Asserting his authority on major decisions </li></ul>He was a Pace Setter in the beginning, But later he adopted Authoritarian style
Achievements <ul><li>Inspiring the ERA of Home Computer </li></ul><ul><li>Commercializing the OS </li></ul><ul><li>Launching Windows 95 </li></ul><ul><li>Becoming the Richest Man of World </li></ul><ul><li>Giving his money away. </li></ul>
<ul><li>As we look ahead into the next century, leaders will be those who empower others </li></ul><ul><li>It's fine to celebrate success but it is more important to heed the lessons of failure </li></ul><ul><li>Your most unhappy customers are your greatest source of learning </li></ul><ul><li>~Bill Gates </li></ul>