SUCCESS STORY OF BILL GATES

SUBMITTED TO: SIR ASIF SHEHZAD

SUBMITTED BY: 1: UBAID ULLAH JAN SAFI 2: MIAN MURTAZA SHAHID 3: RAJA SAQIB 4: M. ADNAN FAISAL D.G.

Bill Gates Background

William (Bill) H. Gates is co-founder, chairman and chief executive officer of Microsoft Corporation, the world's leading provider of software for personal computers. Bill Gates was born on October 28, 1955. He and his two sisters grew up in Seattle. Their father, William H. Gates II, is a Seattle attorney. Mary Gates, their late mother, was a schoolteacher, University of Washington regent and chairwoman of United Way International. Gates attended public elementary school before moving on to the private Lakeside School in North Seattle. It was at Lakeside that Gates began his career in personal computer software, programming computers at age 13. In 1973, Gates entered Harvard University as a freshman, where he lived down the hall from Steve Ballmer, who is now Microsoft's president. While at Harvard, Gates developed a version of the programming language BASIC for the first microcomputer - the MITS Altair. BASIC was first developed by John Kemeny and Thomas Kurtz at Dartmouth College in the mid-1960s. In his junior year, Gates dropped out of Harvard to devote his energies full-time to Microsoft, a company he had started in 1975 with his boyhood friend Paul Allen. Guided by a belief that the personal computer would be a valuable tool on every office desktop and in every home, they began developing software for personal computers. Gates' foresight and vision regarding personal computing have been central to the success of Microsoft and the software industry. Gates is actively involved in key management and strategic decisions at Microsoft, and plays an important role in the technical development of new products. Much of his time is devoted to meeting with customers and staying in contact with Microsoft employees around the world through email.

Facts about Bill Gates 1. Queen Elizabeth gave him the title of 'Knight Commander of the Order of the British Empire'. 2. IBM contracted him for the development of their first Personal Computer. 3. He is the Co-Founder and the Chairperson of Microsoft. 4. He is the world's third richest person (As per the survey done in 2008) 5. He is an American Business Magnate. 6. Yes, it is Mr. Bill Gates, a living example of success. 7. Microsoft Windows is the world's most successful operating system. And the man behind its success is Bill Gates.

Bill Gates - A Successful Entrepreneur
Gates is one of the most successful entrepreneurs of the world. He is able to run a successful and a profitable entrepreneurship for many years and even today, we cannot survive in this competitive world without it. Vision and dedication are the key factors of being a successful entrepreneur and these skills were present in Bill Gates from the beginning. He has got the skills to identify the most suitable employee for recruitment. The success of Microsoft is the true example of the entrepreneurial skills of Bill Gates. The success story of Bill Gates is highly motivating for all the upcoming entrepreneurs.

His hard work, dedication and self-confidence helped him to earn everything he has. He is a simple man and slightly conservative in regards of money although he is one of the richest people of the world. The youth can take inspirations from the life of Bill Gates. So it can be concluded that Bill Gates is one of the ideal personalities of the world who has honestly contributed towards the world's success. Achievements as a successful entrepreneur The list of achievements of Bill Gates is so long that a book can be written about it. Some of his achievements are mentioned below: 1. In 2005, Bill Gates knighted by Queen Elizabeth II for his contribution to the British economy. His title will be 'Knight Commander of the Order of the British Empire.’ 2. Time Magazine included his name in '100 most influential people of 20th century'. His name was continuously there from 2004 till 2006. 3. He has received doctorates from various universities and institutes like Harvard University and The Royal Institute of Technology. 4. Bill Gates and his wife have done many generous works for the welfare of the society. For this, they have received the award of 'Order of the Aztec Eagle' in Mexico. 5. Sunday Times included his name in its Power List in 1999. 6. Forbes Magazine listed his name in 'The World's Richest People' from the year 1995 to 2007. 7. Berkshire Hathaway, an investment company, approached him to be the Director of the company. In 2000 Gates resigns as CEO of Microsoft to spend more on software architecture and less with running the company

LEADERSHIP STYLE OF BILL GATES

INTELLIGENT He believes that if you are intelligent and know how to apply your intelligence, you can achieve anything. From childhood Bill was ambitious, intelligent and competitive. These qualities helped him to attain top position in the profession he chose. VISIONARY Microsoft's vision is "A computer on every desk and Microsoft software on every computer he will continue to stomp out the competition until he dies. Every business and household must have a computer and must run Microsoft software”, was the basic guiding vision of Bill Gates. PASSION When as a student at the Harvard University, every single student would have wanted to be part of the great institute and graduate to be successful, Bill Gates decided to stop studying and pursue his dream of writing software’s for every computer in the world He was just passionate about software, coding and technology that incidentally also made him the richest man in the world INNOVATION Gates and Allen were assisted by a staff of six, which included four programmers. In late 1977, Gates released a version of FORTRAN language for microcomputers. In 1978, Gates and Allen introduced a

version of COBOL. Around this time, Microsoft emerged as the market leader in microcomputer languages with sales exceeding $1 million. In 1979, Microsoft developed a new version of BASIC... He had an early interest in software and began programming computers at the age of thirteen. . RISK BEARER In his junior year, Gates dropped out of Harvard to devote his energies full-time to Microsoft, a company he had started in 1975 with his boyhood friend Paul Allen development of new products. CONTINOUS LEARNER “Microsoft is not about greed. It’s about Innovation and Fairness.” – Bill Gates” Never stop learning was the Mantra of Bill Gates which he follow till date. This empowers him to be a Great Leader of our times. He will always be remembers as an Icon and even without his presence in Microsoft he would still be regarded as a great inventor and a real genius in every regard of Business, Technology and Entrepreneurship. ACCEPTING THE CRITICISMS Its fine to celebrate success but it is more important to heed the lessons of failure. There will be people who would want to make fun of your efforts, pull you down and so on. The stronger you stand the bolder you get the faster these negatives wither. When IBM pulled out of the contract for the operating system to be bundled with the IBM Clone PCs, Bill Gates stayed on and started focusing on the creating Windows amidst lots of hiccups that will hamper the company. OTHER KEY LESSONS-BILL GATES “If you show people the problems and you show them the solutions they will be moved to act.” – Bill Gates This is one never mentioned secret of success. Action is the key word. When logic never drives us its emotions. We must have take action. Bill Gates as a small young boy never had anything to lose which he kept

telling his good friend Paul Allen. When he had several odds again him such as the American Law and several cases against him, he still consistently took action by developing more software which the people wanted. This made him a super star overnight. “Whether it’s Google or Apple or free software, we’ve got some fantastic competitors and it keeps us on our toes” – Bill Gates Bill Gates took up the responsibility of being the Chief Software Architect, Bill Gates was nurturing Microsoft by building a broad range of products. This was not just capitalizing on the knowledge but provide the best by understanding the need of the people.

Bill Gates' Secrets of Success

Hard work: Bill Gates is a hard worker since the beginning of his life. In his college days, he used to work all night long on his computer. When Microsoft was started, Bill Gates used to sleep only for 6 hours in a day without skipping a single day of office. For Bill Gates, hard work is one of the main keys of success. Entrepreneurship: Entrepreneurship is an integral part and is present in Bill Gates from the beginning. He knows how to manage his work, he always takes a keen interest in learning, he learns from his own mistakes, he is a creative person and, most of all, and he is focused towards his goals. Confidence: Bill Gates has always been a highly confident person. He was always confident about his dream of becoming successful. Managerial Skills: The great managerial skills of Bill Gates helped Microsoft to be a successful company. He efficiently managed all the

areas of the company which required his focus. A Great Convincer: Bill Gates is gifted with great convincing skills. He has made lots of successful deals in his career. The deal with IBM was one of them. Technical Mind: Bill Gates is born with a highly technical bent of mind. It is a gift of god to him. Microsoft has earned lots of success through this technical mind. He Had A Vision: From day one, Gates dreamed of having a personal computer in every home, in every business and in every school. Throughout his career, he never once wavered from this dream. Focusing on software as the means to popularize the PC, Gates built his empire around this central vision and steered clear of all other distractions. And, the vision continues today. “We are not even close to finishing the basic dream of what the PC can be,” he says. He Had a Solid Team: “If we weren’t still hiring great people and pushing ahead at full speed, it would be easy to fall behind and become a mediocre company,” says Gates. From Microsoft’s inception, Gates prioritized his team, bringing in only trusted friends to help him get the company started. As the company grew, he insisted that they hire only the most capable young minds and strove to create a small and creative environment for them to thrive in. Microsoft succeeded not only because of Gates, but also because of the strong team that stood behind him. He Took a Long-Term Approach: “In the decade ahead I can predict that we will provide over twice the productivity improvement that we provided in the ‘90s,” said Gates. This bold statement captures Gates’ philosophy behind his entire business. Never one to chase after instant success or an immediate pay-off, Gates began coding software with a view to the next fifty years. He has constantly tried to keep his company at the forefront of new technological developments by funding new research initiatives. Gates’ long-term approach helped ensure Microsoft’s remarkable staying power.

He Learned From Failure: In hindsight, Gates’ early failures seem so miniscule that they are almost laughable. But, as a struggling entrepreneur, he went through the same frustration, confusion and despair that others in his situation also face. What distinguishes Gates from the rest was his ability to rebound from his mistakes and take whatever lessons he could from them. He then became even more resolute and determined to see his vision realize.

FINANCIAL POSITION OF BILL GATES Rank: 1 Net Worth: $40.0 Billion

Software visionary regains title as the world’s richest man despite losing $18 billion in the past 12 months. Stepped down from day-to-day duties at Microsoft last summer to devote his talents and riches to the Bill & Melinda Gates Foundation. Organization’s assets were $30 billion in January; annual letter lauds endowment manager Michael Larson for limiting last year’s losses to 20%. Gates decided to increase donations in 2009 to $3.8 billion, up 15% from 2008. Dedicated to fighting hunger in developing countries, improving education in America’s high schools and developing vaccines against malaria, tuberculosis and AIDS. Appointed Microsoft Office veteran Jeffrey Raikes chief exec of Gates Foundation in September. Gates remains Microsoft chairman. Sells shares each quarter, redeploys proceeds via investment vehicle Cascade; more than half of fortune invested outside Microsoft. Stock down 45% in past 12

months. "Creative capitalist" wants companies to match profit making with doing good.

Bill gates style as Fiedler Model

"In Fiedler's model, leadership effectiveness is the result of interaction between the style of the leader and the characteristics of the environment in which the leader works" "According to Fiedler, the effectiveness of a leader is determined by the degree of match between a dominant trait of the leader and the favorableness of the situation for the leader.... The dominant trait is a personality factor causing the leader to either relationship-oriented or task-orientated"

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