Wednesday, November 18, 2015

What Should We Do in Our Assignment?

TASK 1

The objective of this assignment is to provide an understanding and importance of the enhancement of entrepreneurial skills and personal qualities with supportive evidence by linking to successful entrepreneurs in Malaysia and the world. In addition, this assignment will enable a student to identify and analyze embodied entrepreneurial skill by entrepreneurs. Therefore, students are required to explain relevant entrepreneurial traits and analyze through application on successful entrepreneurs.


a)    Students are required to identify and describe the entrepreneurial traits that highly needed and applied to operate the business by the entrepreneurs. Based on the traits provided below, explain each trait with a relevant example(s) in the business perspective. [Must use different entrepreneur as an example for each trait. (At least one example)]

You must include the following traits:
  • Networked
  • Open risk taker
  • Observant
  • Visionary
  • Failure is an option
  • Open culture
  • Outcome oriented
  • Team oriented
  • Proactive





b)    Write a brief biography of one successful entrepreneur of your choice in your own words. Then, explain how he or she demonstrates ANY FIVE (5) entrepreneurial traits that highlighted in the QUESTION (A) and how this assists them to be successful in their venture.


Task 2



Students are required to transfer their written assignment to online material (blog) to reach global netizen’s input, comment, recommendation and each other. In addition, students are given freedom to post any relevant material pertaining entrepreneurship to escalate their blog traffic and connectedness. Students are highly encouraged to use free online blog packages to fulfil this task.

OPEN RISK TAKER - Tan Sri Syed Mokhtar Al-Bukhary


Tan Sri Syed Mokhtar Al-Bukhary is a businessman and the richest Malay entrepreneurs in Malaysia. He is an entrepreneur who takes risks and is also open to give the various contributions to this community.

In addition, Bukhari Co., Ltd. is the first company founded by Tan Sri Syed Mokhtar Al-Bukhary. The company is to establish a contract for the supply of rice, tea, powdered chocolate, powdered milk and ghee to the government. This shows he has a substantial financial capital and willing to take risks to carry on its business.

In addition, he is also the owner of Gulf Capital International Investment Group (GIIG) with an interest in the Bakun Hydroelectric Project. There, he had an interest in a number of well-known firms such as Malaysia Mining Corporation Berhad (MMC), Pernas, Beras Nasional Berhad, Malakoff Berhad, Seaport Terminal Johor Sdn. Bhd., Johor Port Berhad, dream model Sdn. Bhd., Indra Cita Sdn. Bhd. and Bank Muamalat Sdn Bhd. He was willing to take risks by setting up several firms and companies with carefully calculated risks in order that there is no loss.

Thus, Tan Sri Syed Mokhtar Al-Bukhary have founded the Foundation (Islam) Al-Bukhary who have built and manage Islamic Arts Museum worth RM70 million in Kuala Lumpur than many carry out wo
rks of charity and benevolence, especially around Kedah and Perak. The establishment is divided into two parts, one part of the exercise of public charitable work, while the other manages the funds of the company.



Finally, he is someone who is willing to take the open risk of doing business with the public for effectiveness and efficiency, and also is an entrepreneur who loves to public welfare. As a "millionaire philanthropist", pure nature that nurtured since childhood by his parents, Tan Sri Syed Mokhtar Al-Bukhary is a humble man and was never selfish with the knowledge and the secrets of his success in business.

PROACTIVE - Vincent Tan

Tan Sri Dato 'Seri Vincent Tan Chee Yioun (born 1952) is the owner of Cardiff City FC and is also Chairman and CEO of Berjaya Corporation Berhad, which control the various businesses which include golfing, property, resort and gambling in a group called Berjaya group. He operates two pay-television service in Malaysia, MiTV, which was launched in September 2005. In 2010 he entered the Forbes list of billionaires with an estimated value of US $ 1.3 billion (RM4.2 billion).

A person who starts from the bottom, Vincent Tan is a very ambitious and proactive person. The fourth of eight children, began working after school. He started as a clerk in United Malayan Banking Corporation (UMBC) while a part-time insurance agent for American International Assurance (AIA).

Profit from the sale of insurance policies pretty much interest him. In 1972, he was working full-time in the field of insurance and AIA agency supervising the youngest at 21 years old. This experience gave him the foundation of good relations with government officials and businessmen. At the same time, he manages the rental truck and transport before entering into the field of import cars and real estate.

A person who likes to read business magazines, he would study the the content of the magazine Forbes, Business Week and Fortune were always borrowed from the bank officers. Unexpectedly in 1973, he read about the McDonald's in Time magazine, something which later changed his life. He wrote to McDonald's and continue to do so until seven years until he brings the restaurant to Malaysia. In 1985, he bought Sports Toto in the early stages of the privatization of the government, that is a corporate measures that pave the way towards the construction of empire.

His business interests include property development, telecommunications, stockbrokers, manufacturing, trade, hotels and internet services, provision of public, media and insurance.


Tan also was the one who opened shopping complex, Berjaya Times Squere which started operations in October 2003. His son, Rayvin Tan Yeong Sheik, is the executive director of Berjaya Group, while his brother, Tan Sri Danny Tan Chee Sing is a board member of several companies owned by Berjaya.

OUTCOME ORIENTED - Ananda Krishnan

Ananda Krishnan is an MBA holder from Harvard University in 1964.  Prior to that, he received his education from Victoria Institution and Vivekananda Tamil School in Kuala Lumpur. He attended the University of Melbourne, Australia to complete his degree.  He is the founder of the usaha sdn Bhd . And he has a 70 Percent Share on it.  Besides that, he also has a full, 100 percent of the property in Binariang Satellites Systems or BSS.  The aspiration is to make MEASAT Broadcast Network Systems and Astro as a global media company.  Through Satellites Systems Binariang he has two satellites in orbit such as MEASAT -1 and MEASAT 2. 43 per cent stake in KLCC Holdings.  But, he had already sold his interest in the KLCC Holdings and received RM1.2 billion.    The usaha Sdn Bhd also has a 33 percent stake in Tanjong Plc, a 90 percent stake in Maxis Communications Berhad, a 100 per cent stake in MEASAT Broadcast Network Systems and  Tanjong Plc also has a 84 percent share Powertek Bhd.  He also has a stake in Bumi Armada Berhad, the shipping company. The objective of the bersatu Sdn Bhd, with 49 percent interest. Film company based in Hong Kong , namely Celestial Pictures Ltd. with a 100 per cent stake . Ananda Krishnan interest in Celestial Pictures Ltd. purchased from the Shaw Brothers in 2000 at a price of RM292.6 million.  Beside that, two companies namely Zodan and Zudavi . The two companies are among six companies which were granted explore oil and gas in Indonesia in 2001. His interest in Bumi Armada Berhad acquired through objective Emirates Sdn . Bhd ., A company that was bought by entrepreneur named Wan Ariff Wan Hamzah .
            
Among the successful projects and bring in substantial revenue is KLCC development project which is a partnership between the usaha tegas Sdn Bhd  and Petronas.  Through its stake in Tanjong Plc, the usaha tegas Sdn Bhd has interests in the entertainment industry as in Tanjong Golden Village Cinemas. Both Powertek Berhad Tanjong Plc has a market capitalization of RM2.2 billion and RM1.2 billion.  Maxis Communications & MEASAT Broadcast Network Systems. Maxis is the biggest cellular phone company in Malaysia with over 5 millions subscribers and hold 30% of Malaysia's market share.  This is a bigger outcome for Ananda khrisnan. 

In additions, Astro Satellite TV service now available in many countries such as Malaysia, Taiwan, Indonesia, India, the Philippines, Brunei and Vietnam.  In Malaysia alone,  850,000 people use the Astro satellite TV service.  Astro is now worth RM4 billion.  Binariang is the first national satellite television company, was granted a monopoly for 20 years, ie until 2017.  Other than that, Astro get the excellence of the ‘Gold’ award in the media and entertainment category at the putra brand awards for 6 years in a row  from 2010 to 2015, including the ‘Brand of the Year’ award which is in 2012 and the ‘Brand Icon’ award in 2013.  This outcome have prove that the intelligent of Ananda krisnan have bring a lot of benefit to his company.


           
Besides that, Ananda Krishnan  has interests in oil and gas in the United States, Sri Lanka, Egypt, Indonesia and so on. He is also said to have two animation studios, one in the Philippines and another in Hollywood.  He also has a horse breeding farm in Australia.  In addition,  Ananda Krishnan also has interests in TVB, namely interactive TV based in Hong Kong.  In his course of life, he has been contributing huge sums of energy and money for the charity and foundations. He donated as much as RM 160 millions to  help towards developing and providing education opportunities for Bumiputra in Malaysia.  And now Ananda  krisnan is a billionaire with net worth is $9.8 billion us dollar of May 2015 according to Forbes

OPEN CULTURE - Google Founder “Sergey Brin and Larry Page”


Google is founded from Sergey Brin and Larry Page networked a few computers together at Stanford. Google is a globalization organization that employs with more than 19,000 people worker around the world. Althought, Brin and Page are rich but they still very much involved with Google's operations because they're Presidents of Google's Technology and Products divisions, respectively. 

Google's headquarters are in Mountain View, Calif. Google calls its campus the Googleplex.  The combination of the words "Google" and "complex" and a play on the term googleplex: One followed by a google of zeroes.  Life at the Googleplex is pretty sweet.  In google campus we can find many interesting amenities such as several café stations, snack rooms stoked with many food and beverages, gynasiums rooms, game rooms with video games, snooker, foosball and ping pong, and a baby grand piano for those who interst on music.

In addition to these amenities, Google employees can  receive a many comprehensive benefits package such as medical, dental coverage and also host of other services. Besides that google also provide a child care center, tuition reimbursement, adoption assistance services, an on-site doctor, financial planning classes and lots of opportunities to gather with coworkers at special corporate events.  Nonprofit work is the Google's philosophy and its also places importance on, and so Google will match up to $3,000 of any employee's contributions to nonprofit organizations.



From that we can know that sergin brin and larry page is a open culture employer because the design on their office different with other campany.  Their office is more like Leisure venues.  For example google worker can play volleyball when working hour. This may open more atmosphere for employees to voice their opinions and new ideas in many ways such as employee engagement surveys.  In the sense, they know how to provide opportunities for thoughtful discussions of decisions and objective that had made by the company. This show that google is a great corporate culture.  Here is the picture that google worker play volley ball.

NETWORKED - Li Ka-shing

A Hong Kong is a businessman and philanthropist, he is one of the richest in Asia. As of 2015, Li Ka-shing has a net worth of US $ 33.5 billion. Born to poor parents in mainland China, he lost his father at the young end, this led to him having to start work at the age of 15. He first worked in a plastics trading company. After gaining valuable experience working in the plastics industry, Li Ka Shing may establish their own business, named Cheung Kong plastics company in year 1950.




He has a wide network of business partners. He has used these networks to obtain loans from the financial capital of its partners to buy its first factory in 1958. Over the following years he changed the company's focus on plastic he eventually turned into a real estate development and management company. Business is booming in recent years and the company is renamed Cheung Kong Holdings. It was listed on the Hong Kong Stock Exchange.

He developed his business by taking over the Hutchison Whampoa of HSBC in 1979. It added that the various industries with its existing business.

He runs an investment in container port facilities around the world, including in Hong Kong, Canada, China, United Kingdom, Rotterdam, Panama, Bahamas and many others. This shows he can expand his business to countries outside of the country he has a good network of partners.

He has been involved in various business sectors such as real estate, ports, electricity, telecommunications and the Internet.



Finally, Li Ka Shing cleverly uses its network to expand its business abroad. This could prove an entrepreneur must possess a series of running a business in this market. Although one of the richest individuals in the world, he is known for being simple to practice a frugal lifestyle.

TEAM ORIENTED - Mark Zuckerberg

Mark Elliot Zuckerberg or known as Mark Zuckerberg is a computer programmer and Internet entrepreneur. He was born on May 14, 1984 in and grew up in the suburbs of New York, Dobbs Ferry, become the youngest billionaire in this planet. He also known as the co-founder of Facebook. Actually he is one of five co-founders of that social networking website. Zuckerberg is the chairman and chief executive of Facebook. His personal wealth, as of July 2015, is estimated to be $38.6 billion. Zuckerberg receives a one-dollar salary as CEO of Facebook.




While Mark Zuckerberg was studying at the Havard University, he with his team that are his friends  Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes launched Facebook from Harvard University's dormitory rooms. The group was then introduced  Facebook to other campuses around the country and moved to Palo Alto, California . In 2007, at age 23, Mark Zuckerberg became a millionaire as a result of the success of Facebook. The number of Facebook users worldwide has reached one billion in 2012. Mark Zuckerberg is involved in various legal disputes that have been initiated by others in the group, which claims part of the company based on their involvement during the development phase Facebook.

Mark Zuckerberg knows that for any business to succeed, you need to have a great team. He said that the most important thing for you as an entrepreneur is to build a team that is really great. And that's what Mark Zuckerberg spent most of the time, recruiting, finding good people, Mark Zuckerberg knows that for any business to succeed, you need to have a great team. He said that the most important thing for you as an entrepreneur is to build a team that is really great. And that is what Mark Zuckerberg spent most of the time, recruiting, finding good people, both companies outside and inside the company, to put them in a more effective role, to put them in a more effective role.

The company encourages its employees to build a team around their projects vigorously, because Facebook's leaders clearly understand that great work comes out of doing what you adore. Not only this approach ensures that employees give their best to the project, but it also provides opportunities for career growth based on ingenuity and efficiency, not only in qualifying.



In this sense, everybody is the same. You recognized and respected by your contributions to the improvement and enhancement of products; Your resume or your age does not matter. Facebook is a company where ideas become products whether you are a coach or the CEO himself.

FAILURE IS AND OPTION - Tony Fernandes

Failure is a thing that as a human don’t want to face it, because it is a block way to success. Then, many entrepreneurs don’t have patient and perseverance to try it because sometimes need many times to face the failure after that finally can lead the way to success. However, best entrepreneurs can accept the possibility of failure and proceed anyway for example like Tony Fernandes.  





Tony Fernandes was born in Kuala Lumpur on 30 April 1964, which ages is 51. His father is Dr. Stephen Edward and his mother is Ena Dorothy Fernandes, both of them are also Indian. However, his father is from Goa but mix with Portugal Melaka, then his mother is Malayali (Kerala) Indian ancestry and mixed with Portugal Asian.  Tony would follow his mother to sold Tupperware at Tupperware parties at a young age. After that, he was educated at Alice Smith School in Kuala Lumpur. Then Tony studied at Epsom College which is a boarding school in England starting at ages 12 from 1977 to 1983.

After he got his degree holder from London School of Economics on 1987, he works as an auditor with Virgin Atlantic Airlines. Then started from 1987 until 1989, he became financial controller for Richard Branson’s Virgin Record in London. Tony was a Warner Music (Malaysia) Sdn Bhd executive when he came back from England with ages 27. From 1992 to 2001, he was a South East Asian youngest executive in Warner Music Group. But during that time when Warner Music cooperate with American Online, Tony chose to leave the company because he wants to pursue his dream which is establish a low cost airline company. Unluckily, Malaysia Government had reject the permission to establish the company.

Tony purchased AirAsia and became chief executive in 2001. Tony could bought AirAsia because it was through Datuk Pahamin A.Rejab, the former secretary general of the Malaysian Domestic Trade and Consumer Affairs Ministry that Tony can meet Tun Dr. Mahathir Mohamad, the forth Prime Minister of Malaysia in October 2001. During that time, AirAsia was heavily indebted and also a subsidiary of DRB-HICOM, which is Malaysia Government conglomerate. So, Tun Dr. Mahathir advised Tony to purchased that cheaper airline company better than built a new one.




 Therefore, Tony mortgage his house and used up all his properties to buy the company with 1 Ringgit Malaysia and debts of US$11 Million which is RM40 Million and the company still comprising with 2 Boeing 737-300 aircraft. Since 11 September 2011, many airline company lay off employees include pilot, stewardess and office clerk. So Tony hire them to rebuilt his company. However, AirAsia pursue lowest price of flight so that can attract many customer during economic depression. In fact, Tony Fernandes also pursue a plan which is who first buy the ticket one month before, the price is cheaper than who buy near the date when want to depart.   So after one year, AirAsia can pay off all debts and no more deficits. Its initial public offering (IPO) was oversubscribed by 130 per cent in November 2004.



Tony Fernandes’s top achievements is recovery AirAsia become an international airline company. Before he involves this sector, the other regions in South East Asian which previously didn’t have open skies agreements. In mid-2003 during Tony was lobbing, Tun Dr. Mahathir brought up an idea with leaders from neighboring countries which is Thailand, Indonesia, Singapore and Filipina. After that, those leaders subsequently granted rights to AirAisa and other discount carriers.  

OBSERVANT - Jack Ma

Observant is a skill that is good of notice thing, follow rules and requirements of particular religion. Jack Ma or Ma Yun is a one of the observant and successful entrepreneur in the world. Jack has shows his observant behind his road to success. When Ma is still young, he failed entrance exam three times, but he never give up. Finally, he graduated in 1988 with a bachelor degree in English in Hangzhou Teacher’s Institute and become a school teacher.

How can a school english teacher became a successful entrepreneur in the world. This is because of his observant and attitude wanna to change the world. Ma heard about internet at 1994 when he is in United States. He realized no have any general information about China. So, Ma decide to introduce this technology to China. He started building websites for Chinese companies with the help of friends in the US. In 1995, Ma and his wife and a friend collect twenty thousand dollars and started an internet company “China Yellow Pages”. In this case, Ma create something creative enough, crazy enough to put himself out there with something no one’s ever heard of. He said “the day we got connected to the web, I invited friends and TV people over to my house.” All of his attitude proven him as a observant entrepreneur.

In 1999, Ma decided to found Alibaba in his apartment with his team a group of 17 friends. Further more, he wanted to improve the global e-commerce and from 2003 he founded Taobao, Marketplace, Alipay, AliMaMa and Lynx. After rapid rise of Taobao, Ebay offered to purchase the company but reject by Ma Yun. As a observant, Ma look at how his competition is setup, look for the gaps, in their product or service, and look for their weaknesses. This is the reason of Ma Yun become richer than Pierre Omidyar (founder of Ebay).



Jack Ma now became the chairman of Alibaba group which consist of nine major subsidiaries, Alibaba.com, Taobao, Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, Ali Express.com and Alipay. In Alibaba group, Jack Ma achieve a one-stop service on internet and this is what an observant person should do to achieve their successful.

VISIONARY - Steve Jobs

Visionary is ability to see what others can’t see. Steve Paul Jobs is the one of the visionary entrepreneur in the world. He is the cofounder, chairman and CEO of Apple, Funded Pixar and founder and CEO of NeXT. A person won’t born a visionary but we gonna to learn it. It is what thing that can be seen from Steve Jobs. His mega empire in business can be maintain still nowadays is because of this personality.




Steve Jobs is a person who dare to dream about life without limitation. He never scare about success, he keep move on and taking action. Jobs willingness to take big risks, he drop out from Reed College but continue his effort. He also don’t wait still it is perfect, like the first iPhone and iPad but he plan to improve on his new approach over time. A visionary leader don’t stop with their first attempt, so until now iPhone 6s have been publish by Apple.

A visionary entrepreneur also be a fast learner and pay close attention to everyday aggravations. Jobs pay observation of day to day business and try to find out something different with others. It is because he want to change the world and is not about money, is about impact. Jobs passion for perfection and ferocious drive revolutionized six industries, personal computers, animated movies, music, phones, tablet computing and digital publishing. Especially in phones and tablet computing, Steve Jobs gain a giant successful in this field and become a leader of others, it is because of his visionary.

As a visionary entrepreneur, Steve Jobs is still the world’s greatest corporate storyteller. He has profoundly impacted the way leader communicate. Jobs set a big goal and get people excited to join up them. One of the secret of Steve Jobs’ success is he expert into getting people excited about each new Apple product. He desire apple product can presented to the customers in the best way. Since get support from the customer or co-worker, vision can be greatly accelerate.



Conclusion, Steve Jobs is a successful and visionary entrepreneur in many field. Even he already pass away at October 5, 2011 with aged 56, but his team are still running hard to go on with his effort.

FIVE TRAITS IN A ENTREPRENEUR - Bill Gates


VISIONARY
Definition of visionary is an individual with vision is one that can be characterized by an unusually acute amount of foresight and imagination. A visionary is also some with big ideas, ideas that may not even yet be in the scope of reality or practicality. But someone they will be the one success with their visionary. Bill Gates-the wealthiest man in the world is a good example.
Why we said Bill Gates is a visionary entrepreneur, leader, technologist and pragmatist? When he is still young, around 13 years old, Gates start to develop some computer program. This is a good starting point of his life. With his visionary, Gates and his partner Paul Allen launched Microsoft at forty years ago even less of people own their computer. Nowadays, 84% of U.S. Households own a computer. This is the field of view of Bill Gates and lead the IT generation.
One of the most popular myth of Bill Gates that prove he is a visionary. He foresaw his Microsoft- Disk Operating System as a goldmine, and he tricked IBM, the biggest computer company on earth, into letting him keep the copyright. Microsoft software still dominates the desktop more than 30 years after Gates helped launch the personal computers revolution. With the widely notion that coming up this big idea lead him became very wealthy.
Moreover, visionary of Bill Gates is not only in the business world but also in the field of giving back to the world community. After Bill Gates stepped down the CEO of Microsoft, he focus on the Bill and Melinda Gates foundation. He focuses its vision on education and health on a global scale for the benefit to those that need it most. This could be the best example to Microsoft’s peers, employees, customers and competitors. In this case, Bill Gates proven leadership is not only the ability to make a buck, but also the vision to give back to those in need.



OPEN RISK TAKER
Open risk taker is an individual or business that tends to behave in a way that can potentially cause physical harm or financial loss, but might also present an opportunity for a rewarding outcome.
"To win big, you sometimes have to take big risks." – Bill Gates
Bill Gates created the operating system, Microsoft. He was created his company in 1975, Microsoft Company. This company created with his childhood friend, Paul Allen.
Firstly, Bill Gates took some open risks while founding Microsoft. One huge risk taken by Bill Gates was that he dropped out of college to help create Microsoft, he could have stayed in college to learn more but instead he took the risk to drop out and live his dream of creating Microsoft. He also took risks to make sure he can build a personal computer system into a tool that can be used by everyone.
In addition, Bill Gates taking these open risks in order to have a long-term future to improving the system PC performance by developing computers that ” see, listen, and learn,” and creating software to power the new personal companion computers.
Yet he accomplished this feat not by inventing new technology, but by taking existing technology, adapting it to a specific market, and then he taking risk to dominating that market through innovative promotion and cunning business savvy. He was very careful to make calculated moves along the way in develop the company. He always calculated the risk taker before do something.


In a nutshell, Bill Gates is aggressive. He has the power of persuasion. He will pursue opportunities that exist in the market with single-minded determination. When he takes up a task, he does it, finishes it and only then he moves onto something else. This trait has shown he can take calculated risks while doing business. 


OPEN CULTURE
            Knowledge can be spread freely throught open culture.  The open culture can be show from the developing, transforming or enriching works on the basis of sharing which is existing, collaboration and the rules linked to the legal protection of intellectual property is not being restricted. In the era of globalization, the consequence is that all nation should have same level of equal access to information.
            Bill gates is a open culture person. This can be prove when he carry out the the open program. The main purpose of the program is allow customers to share agreements and accompanying benefits such as level of product, price, centralized license management, and license transfer with their legal Affiliates at defined region. The term “Affiliate” is defined in the relevant Open Program agreement.  This open programs show that bill gates is a open culture person because with a customizable platform and price advantages for volume purchasing, the Open programs provide a simple, cost-effective way not only for big organization have the new microsolf technology but for small and midsize organizations can also acquire the latest Microsoft technology.
            Besides that bill gates also help their employee saving and invest. With 401(k) plan. Employee can match 50 cents on every dollar you defer pre-tax up to a pre-tax contribution rate of 6 percent for a maximum matching contribution of 3 percent of their eligible compensation. They can also contribute up to $20,000 on an after-tax basis. Starting January 1, 2016 we're increasing our 401(k) match to 50% of every dollar, up to $9,000.  Other than that, bill gates also open a Employee stock purchase plan. This plan mean that each quarter, employee can purchase Microsoft stock at a 10% discount off the market price during a defined purchase period . 
            Last but no least, bill gates give theirs employee have training and development themself. In addition to tuition and textbook reimbursement for approved work-related courses, he offer amazing internal resources such as technical, management and professional development classes, a visiting speaker series, TechFest and even our own library.  This show that bill gates is a caring and open culture employer.



FAILURE IS AN OPTION
            When in Harvard university, Terry (Bill Gates), Paul Allen and his another friend founded their first company, manufactures and sales their develop devices called Traf-O-Data. Traf-O-Data is designed to collect and analyze data that the car, which is a computing device, you may have seen countless times. They covered with thin hose on the road, and even in a small black box on. Traf-O-Data extract raw data from all of these black boxes and graphics, hourly daily traffic record.
            After a number of successful experiments, Trey persuaded some employees Seattle came to his house, to give them a live demonstration. However, that day, and not all went according to plan. Traf-O-Data at a critical time, a live demonstration of the ball dropped, the system have failed. What will be the reaction for Terry? He rushed into the kitchen, "Mother! tell them that it is really useful!" That day, he did not sell a set, this is no surprise.
            After that, Bill Gates want to create WindowsNT, first and second version is not successful, then the third version still cannot earn money. So many people ask him that still want continue to do? Then we should stay focus in our software market? He said have to continue, because he believes that he is right, after that he explain to others. But in 1994 and 1995, he missed “internet” this opportunity, his next bet is time interactive TV will be very important, but he saw the Internet coming. His first felt is the Internet do not know how to make money, so he do not touch. But to see the majority of users so need this thing, that one day he awakened, he felt that he was wrong, he will not go on perseverance, the Internet is very important, then he admit mistakes, no longer attached and changed his mind. So they starting tomorrow do not do these three product divisions, and started doing Internet products, so the transfer of the entire company's direction.



TEAM ORIENTED

When Allen and Gates first met as students at Lakeside, they immediately formed a strong bond over their interest for computers. And, it is a bond that will last for the rest of their lives. Knowing their strengths and weaknesses, interests and passions and have a strong sense of trust allows both entrepreneurs to form one of the most successful working relationship in the 20th century.
Bill Gates recognizes the importance of a strong and reliable team, also led to two former high school friends, Ric Weiland and Marc McDonald, to be part of Microsoft's core group. Gates knew that if Microsoft will get his feet on the ground, it will take hard work and sweat that he believed some others to put in. From day one, he understands the importance of having a small team that can join together the spirit of the people around a common goal.
When Bill Gates moved operations to Seattle in 1979, he had a staff of 16 people. As Microsoft increases, so does the number of employees that the company needed. Bill Gates continued to bring in his trusted friend who understands her characters and that he knows he can trust, including a friend from college, Steve Ballmer, who later was responsible for human resources. The move to Seattle proved to be a boon for Microsoft because it allows the company to have a wider range of skilled candidates to choose from. In a major step, especially, Ballmer is hired Charles Simonyi, one of the original founders of Xerox Palo Alto research lab, the knowledge of graphical interface makes an important contribution to the graphics application Microsoft.


As the number of staff they begin to rise into the thousands, the company is usually focused on hiring people right out of school. Microsoft continues to find only the best to help it stay ahead of the increasingly fierce competition. By hiring the best and the brightest and carry out work in small teams that stimulate free and creative thinking, Microsoft has managed to remain competitive for over three decades.