Starting a New Company in an Inefficient Industry 
Starting a New Company in an Inefficient Industry
by Stanford / Michael Dell
Video Lecture 10 of 17
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Date Added: January 31, 2010

Lecture Description


Dell explains where he would look to start a new company. According to him, there are many companies that are slow to innovate. He would focus on a creating a company in a large, fast-growing, yet inefficient industry that is not keeping pace with change.




Transcript



If I were starting a new company, I would look for some large, fast-growing industry that was inefficient, and was not keeping pace with the changes that are possible. There are still plenty of them out there. You'd be amazed at how slow many companies are to change. And we see this, because a lot of these companies come to us because they want to see if they can learn this from us. I'm not going to name any company or industries, because they're all our customers and they'd be upset. But they constantly show up and they say, "We've brought our team of people, and we want to learn." And it's just very hard to change something that hasn't changed very much. Yes?

Course Index

Course Description

Michael Dell lectures on Entrepreneurship for Stanford University students, May 1, 2007. Michael Dell is the founder of the computer company Dell, Inc. He created one of the most profitable computer companies in the world with annual sales of up to $50 billion American dollars. Dell has also become one of the wealthiest people in the world with a 4th place listing on the Forbes rich Americans list in 2005 with an estimated worth of $18 billion. In this Stanford lecture, he talks about taking caution in forming close friendships in a company, creating an effective communication infrastructure and starting a new company in an inefficient industry.

Related Links: http://www.dell.com/
                            http://en.wikipedia.org/wiki/Dell

Last Updated:
Mon, Jul 16, 2007

Course Details:

- Endeavor's Entrepreneurs' Summit
- Stanford University's Entrepreneurship Corner (ecorner)

Original Course Name:
Endeavor's Entrepreneurs' Summit.

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