The Innovation And Philanthropy Of Michael Dell Is A Reflection Of His Rolex Yacht-Master
Posted by John Lavitt and filed under Pop Culture |
American entrepreneur and philanthropist Michael Dell wears a Rolex Yacht-Master that reflects his innovative style of business and his dedication to giving back. Michael Dell is the chairman of the Board of Directors and chief executive officer of Dell, the company he founded in 1984 with $1,000 and an unprecedented idea - to build relationships directly with customers. In the same way that Rolex created watches to withstand and operate flawlessly under any physical conditions, Michael Dell allowed the customer to customize their computer before it was custom built to their specifications. When you consider the invention of Rolesium by Rolex for the Yacht-Master, Michael Dellâ€™s choice to wear the watch falls right into place. Rolesium is a combination of stainless steel and platinum, the term being patented by Rolex in 1932. The Rolesium mix of platinum and stainless steel in the Rolex Yacht-Master mirrors the business philosophy of Michael Dell: If you are willing to innovate for the customer, the customer will come to you. Along with Bill Gates, Michael Dell helped to revolutionize the computer industry in the 1980s. From his university dorm, Michael Dell started building and selling personal computers from stock computer parts. The idea that set the young entrepreneur apart from others was to sell directly to the customer, rather than going through a third party to sell his products. In 1988, Dell Computer Corporation had an initial public offering (IPO) that valued the company at roughly $80 million. By 1992 Dell Computer Corporation was listed on the Fortune 500 list of the five hundred largest companies in the world, making Michael Dell the youngest ever CEO to head a Fortune 500 company. In 1992, Michael Dell became the youngest CEO ever to earn a ranking on the Fortune 500. Michael Dell has published his partly autobiographical book “Direct From Dell: Strategies That Revolutionized an Industry”. The book is written in an entertaining, fast paced style that explains how Dell turned his $1000 company into a mega-corporation worth more than $100 billion. â€œWe are at the dawn of the connected era and Dell has never been better positioned to meet the needs of the billions of people who will join us online in the coming years,â€ said Michael Dell. â€œBy establishing clear priorities for growth in consumer, emerging countries, notebooks, small and medium business and the enterprise, we will deliver the products and solutions customers need to simply connect, communicate and collaborate.â€
Like the philanthropic vision of Bill Gates and Hans Wilsdorf, Michael Dell believes in giving back by using his tremendous wealth to help and benefit those in need. Michael and his wife Susan are committed to improving the lives of children in the United States of America and internationally. Michael and Susan Dell established the Michael & Susan Dell Foundation in 1999. The gift was inspired by their passion for supporting childrenâ€™s causes as a way to make an even greater difference in a measurable way, particularly for those children living in urban poverty. To date, the Michael & Susan Dell Foundation has committed more than $530 million to assist nonprofit organizations working in major urban communities in the United States and India. A letter from Susan and Michael Dell states that the role of the foundation is to focus on “â€¦quality education and good health for children. We recognize that these issues are directly connected. If children have the tools they need to take care of their bodies and minds now, their potential for success in the future is greatly increased.” When you combine the philanthropy with his entrepreneurial innovation, Michael Dellâ€™s choice of a Rolex Yacht-Master seems like a foregone conclusion. Both Rolex and the Yacht-Master mirror the very best that Michael Dell has to offer as both an entrepreneur and a philanthropist.