Dell is of age, turning 21 this year and is Fortune’s 2005 most admired company. Andy Serwer’s article The Education of Michael Dell reviews some of the history of Dell and the industry. Many of Dell’s early competitors are either gone or a mere shadow of their former self.
Why has Dell not only survived but flourished? One reason is a willingness to quickly admit mistakes and to learn from them. Perhaps more importantly, an underdog mentality – thinking Dell is the little guy and working extra hard to survive.
One statistic deep in the article caught my eye: “In 1998, Dell produced $745,000 of revenue per employee. Now, seven years later, the company does $900,000 of sales per employee (HP comes in at $540,000).”
It is a long article, but worth the time.
The complete list of Fortune’s Most Admired Companies here.
Why has Dell not only survived but flourished? One reason is a willingness to quickly admit mistakes and to learn from them. Perhaps more importantly, an underdog mentality – thinking Dell is the little guy and working extra hard to survive.
One statistic deep in the article caught my eye: “In 1998, Dell produced $745,000 of revenue per employee. Now, seven years later, the company does $900,000 of sales per employee (HP comes in at $540,000).”
It is a long article, but worth the time.
The complete list of Fortune’s Most Admired Companies here.
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