Born: February 23, 1965
Birthplace: Houston, Texas, U.S.A.
Occupation: Author and Business Magnate
Profile: C.E.O., Chairman, and Founder of Dell Computer Corporation.
Number of Quotes: 4
I believe that you have to understand the economics of a business before you have a strategy, and you have to understand your strategy before you have a structure. If you get these in the wrong order, you will probably fail.
Ideas are a commodity. Execution of them is not.
If you limit a company by its structure or by the people in the company, you will, by definition, limit the full potential of that business. It sounds basic, but a lot of companies don't follow the idea that the structure should be last and not first.
We're fast approaching the point at which there is really no distinction between the .com companies and traditional businesses. The only distinction will be between the winners and losers, and of course, the pace of change at which companies become winners or losers.