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1. Queen Elizabeth gave him the title of 'Knight Commander of the Order
of the British Empire'.
4. He is the world's third richest person (As per the survey done in 2008)
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.
6. Forbes Magazine listed his name in 'The World's Richest People' from
the year 1995 to 2007.
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
PASSION
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.
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.
“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
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:
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:
“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.
“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.
“If I'd had some set idea of a finish line, don't you think I would have
crossed it years ago?” asks Gates. Showing no signs of slowing down,
Gates continues to fuel his business, inspire his workers and make his
contribution to the global village.
“At Microsoft, there are lots of brilliant ideas but the image is that they
all come from the top,” says Gates. “I’m afraid that’s not quite right.”
While Gates has been the famous face of Microsoft for over thirty years,
it took the help of numerous other trusted individuals to help realize the
company’s success.
When Allen and Gates first met as students at Lakeside, they instantly
formed a strong bond over their passion for computers. And, it was a
bond that would last for the rest of their lives. Knowing each other’s
strengths and weaknesses, interests and passions and having a strong
sense of trust enabled these two entrepreneurs to form one of the most
successful working relationships of the 20th century.
Microsoft continues to seek out only the best in order to help it stay ahead
of its increasingly fierce competition. “They key for us, number one, has
always been hiring very smart people,” says Gates. “There is no way of
getting around, that in terms of IQ, you’ve got to be very elitist in picking
people who deserve to write software. Ninety-five percent of the people
shouldn’t write complex software.”
By hiring the best and the brightest and carrying out work in small teams
that stimulate free and creative thinking, Microsoft has managed to retain
its competitive edge for over three decades.
“Though he never set out to be a millionaire, Gates not only became the
world’s first cent billionaire in 1999, but also one of the world’s most
respected entrepreneurs for having revolutionized the world of computers
and setting new industry standards. “I really had a lot of dreams when I
was a kid,” recalls Gates.”
“Power is the engine that drives the ability to
influence . To understand leadership effectiveness
therefore , an analysis of the complex web of
power relationships and influence processes in
organizations is essential. We also need to
examine the sources of power and the
relationship of different power sources to
leadership effectiveness.”
Position Power
Reward Power:
Coercive Power:
The use of coercive power involves punishment & withholding of
rewards to influence compliance. It is also called the pressure influencing
tactics. Bill was a autocratic leader but he never made rash threats & used
coercion to manipulate others or to gain personal benefits.
PERSONAL POWERS
INFLUENCE TACTICS
RATIONAL PERSUASION
Bill Gates extremely used this tactic by applying its functions in a very
logical manner.
Bill always explained why the objectives need to be met.
He was very clear on the benefits which the followers would get &
conveyed the same to others.
He was very motivational regarding the set objectives & provided subtle
evidences that the objectives can be met.
He was very quick on explaining how problems & concerns will be
handled.
He always innovate newer technologies & was very clear on their
strength over others.
PRESSURE
Bill Gates very frequently used the pressure influencing tactics from fear
of reprimands, probation, to suspension or dismissal.
Relation-oriented leadership:
Leaders who describe their preferred coworker in favorable terms, with a
high LPC, are purported to derive major satisfaction from establishing
close relationships with felow workers. High LPC leaders are said to be
relationship-orientated. These leaders see that good interpersonal
relations as a requirement for task accomplishment.
Task-oriented leadership:
Leaders who describe their least preferred coworker unfavorable terms,
with a low LPC, are derived major satisfaction by successfully
completing a task. These leaders are said to be task-orientated. They are
more concerned with successful task accomplishment and worry about
interpersonal relations later
So in this case Bill Gates found most favorable place where positional
power is high as he has most authorities in the firm, task structure is also
defined as he gives the direction to subordinate/follower to fulfill his
vision, and last leader-member relation is also good.
That’s mean Bill Gates is more likely Task-oriented leader who want
performance from his subordinate/follower and work has to be done to
achieve the goal/objective of the company.
Level 5 hierarchy
Bill Gates
Contributing Team
Member
Highly Capable Individual
Level 4 Leaders
Bill Gates has his own visions of what the business needs to do to
succeed. He decides on direction and then gets people to implement his
vision. This is what level 4 leader refer to as "first what, then who." Level
4 leaders are very much in the conventional mode. They may be effective
when it is not too difficult to decide what to do. And Bill Gates is too
confident what he wants to do in near future and pursue his vision
through his expertise.
Level 5 Leaders
We not put Bill Gates as level five leader because level five leader require
both professional will + humility in which definitely he has professional
will but there is some doubt about humility, although he is philanthropist
who endowed $28 billion dollar in his own Bill & Melinda Gates
Foundation and even promise to donate his 95% wealth as he will have
aged but even after a lot of critics is there that he is doing all of it just
because of status symbol, he is too centralize and blamed for curbing
innovation.
Leadership style
1. Autocratic style
2. Delegate style
Brightest talent: Gates paid special attention to recruit and retain the best
talent in the software industry. He believed that the recruitment of
talented software engineers was one of the most critical elements in the
software industry. Gates looked for a bundle of attributes in recruits.
These included the capacity to grasp new knowledge quickly, the ability
to ask probing questions, and deep familiarity with programming
structures. Though a great number of potential recruits applied for jobs at
Microsoft, Gates assumed that the best talent would never apply directly.
Consequently, Microsoft's HR managers had to hunt for the best talent
and offer them a job
Criticism
Curbing of Innovation: The critics argued that Microsoft was not an
innovative company. They said that Gates reformed existing products to
satisfy customer needs instead of inventing new ones. Analysts also
argued that Microsoft's overwhelming market share was a major
impediment to innovation in the software industry. Microsoft was not just
the market leader, but also the standards provider for the industry.
Impediment in development of smaller firms: Critics claimed that
winning was so important to Gates that he would go to any extent to beat
his opponent. James Wallace of Seattle Post-Intelligencer said, "Bill
Gates not only wants to win, but he wants to kill the competition. He
wants to bury the wounded"
“Sometimes Gates took things so much to heart that his emotional feeling
overshadowed his rational thinking. They said that Gates' intense rivalry
with some of his competitors made him personalize every battle and
obscured his judgment. ”
With his ambitious and aggressive business philosophy, Gates or his
Microsoft lawyers have been in and out of courtrooms fighting legal
battles almost since Microsoft began.
Many of the largest technology co. have fought legally against the
actions of Microsoft , including – APPLE COMPUTER, NETSCAPE,
OPERA, WORD PERFECT , AND SUN MICROSYSTEME ETC.