Wednesday, November 18, 2015

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.

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