A Little Bit of Soul and a Lot of Success Essay
IN TH E B EGI N ING
IN the fall of 1983, a young man from Houston, named Michael, enrolled in the University of Texas intending to major in pre-med as his parents had wished. While taking classes, he continued the business he had begun in high school, upgrading personal computers for friends and teachers—this time out of his dorm room. By the start of the second semester, he had made enough money to move himself (secretly) and the business to a condo. By semester's end, he had rented office space, hired a few employees, and officially launched the Dell Computer Corporation. University days were over, and a great American business success story had begun.
Ten years later at age 28, …show more content…
Armed with the knowledge learned from these mistakes, the company was poised for greater success in the new millennium. Michael Dell's original investment of $1,000 had grown into an industry-leading corporation with more than $50 billion in sales in 21 years. Yet one serious crisis loomed, and it would test all that management had learned. CRASH
One year into the new century, the Internet bubble burst, and the stock market took a dive. With the global slump in technology sales, especially bad in the United States, Dell Computers stopped growing. In 2001, its stock price fell from $58 to approximately $16 a share. Most traumatic of all, the company had to implement its first