Luckily, when new ideas fail. Dell has an open mind to improve it, or let it go. They have had products and services to fail, in the past. But, because they strive on innovation, they are able to bounce back without jeopardizing the company’s integrity and commitment to low-cost computers, and commitment to success. Although, his company uses the just-in-time method, there were risk and unforeseen events that could have jeopardized profits or put him out of the market. A check List for innovative Organizations to Consider In the business world, there are many choices and opportunities. The way a firm navigates through the business environment determines their success and forms their reputation. Dell relies on its values to guide its decision-makers and the actions that they take. It helps them seize new opportunities and drive growth. Dell focuses on cultural environments by striving to ensure that everyone, in any environment, can have access to technology. Dell acknowledges and values different perspectives and experiences because Dell believes that any and everyone can make a contribution. When Dell decided to purchase EMC (NYSE:EMC), they also acquired control over VMware (NYSE:VMN). Being that VMware had partners and major investors, Dell inquired EMC. This created parts and processes that eventually lead to adding value to the merger. With Dell and EMC now combining hardware stacks with VMware’s virtualization software, they were able to create parts which added value, and, they became one of the top two largest (in revenue) technology companies within the entire storage, server, networking, and virtualization environment. Within the processes of the merger, EMC had a sixty day window to “go-shop provision,” which allows the company to solicit other bids (Brent Nyitray, 2016). Other processes included EMC shareholders needed to have an unanimous vote, the United States Security and Exchange Commissions (SEC) would have to give a proxy of approval statement, EMC would have to file a premerger notification report (PNR) in compliance with the Hart-Scott-Rodino Antitrust Improvement Act, and any other foreign antitrust approvals, which are disclosed in EMC’s Company Disclosure Schedule. This is a disclosure that is not made public (Brent Nyitray, 2016). This caused an alliance that triggered higher barriers of entry to the technology environment. The alliance was developed to deliver end-to-end technology solutions, giving them an advantage over their top competitors. It also forced a major corporation (Cisco) to look for a storage acquisition in order for Cisco to remain competitive (Brent Nyitray, 2016). The Alliance of the companies will also become
FINAL AUDIT 9 the largest private company in the integrated technology solutions market. However, the alliance is very costly. Dell will pay $67 billion that will be financed through the combination of cash, debt, and stocks (Brent Nyitray, 2016). Dell will invest cash in the amount of $3 billion that will become new equity and inquire $45billion of massive debt, and EMC shares will increase to $33.15 per share (Brent Nyitray, 2016). All employees will keep their jobs and benefits, although, Dell
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- Fall '12
- Michael Dell, Dobie Center, Dell Computers