Busn Lesson 1

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Watch the following videos and answer the questions.

Michael Dell's Advice to Entrepreneurs (2:27)—
What changes has Dell made recently that shifts how the company operates? He cut prices, improved customer service, changed processor chips from Intel to AMD and he opened Dell stores so people can actually put their hands on the product.

How do you think those changes will be accepted by consumers? As an owner of two Dell computers, I can say that the changes have been a great improvement. I have always been an HP fan until recently. At Christmas I bought my mother and granddaughter laptops. I chose a Dell because I felt she would receive better service with it than the HP. Will they be successful changes? I believe they will. Dell seems to be learning from mistakes of the past.

What advice does Michael Dell offer to entrepreneurs? Be willing to experiment and to fail, listen and look for break troughs.

Russell Simmons on Innovation and Business (3:28)
How can diversity benefit a company? It can be of benefit in many ways. Implementing diversity in a company can foster better more open minded attitudes. It can make a company more adaptable. A diverse company also has the benefit of a broader range of ideas which in turn can make the company flexible and improve service to customers.

How important is innovation in a company? If your company is not innovative, your company will stagnate and die. You must be willing to be creative. To be open minded to outside ideas and be willing to change and adapt when you have to. It’s the only way you can survive in this day and age.

I Am the New Definition of a Business Woman - Women for Women International (6:46)— Do nonprofit organizations impact the local, regional, or national economy? I used to think the impact an organization had depended on the size and of the organization. I believe now that it can have a much wider impact. Helping someone locally, enables them to thrive and contribute to society....
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