Overcoming Some of the Early Mistakes of Dell, Inc. - Dell, Michael, 1965- (Stanford Technology Ventures Program, Entrepreneurial Thought Leaders Seminar, videorecordings, 2007)
In 1989, following the year when Dell, Inc. went public, Dell explains how the company had a large problem with inventory management. As a result, the company failed to transition properly in the industry from one technology to the other. However, because of this critical mistake, the company learned how to correctly manage their inventory, and according to Dell, became the best in the world at it. Later on, Dell also notes the company did not have the systems and processes to deal with rapid growth. This experience, however, proved to be another learning lesson for the company, as it installed a much better set of processes that helped further its growth.
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Keywords: Filmed lectures; Entrepreneurship; Business