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..an American business magnate, philanthrop ist, author, and chairman of Microsoft, the sof tware company he founded with Paul Allen. Bill Gates Most Successful Entrepreneur Of 20 th Century By Group No. 6 24 August 2013
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..an American business magnate, philanthropist, author, and chairman of Microsoft, the software comp

any he founded with Paul Allen.

Bill Gates

Most Successful

EntrepreneurOf 20th

Century

By Group No. 624 August 2013

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Contents

• About Bill Gates• Leadership styles

Autocratic StyleDelegative Style

• Sources & Type of Power• Types of Leadership

Task OrientedTransformational

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BILL GATES:BILL GATES:Work towards your passion – “Be nice to

nerds. Chances are you'll end up working for one.”

Have a Great Vision - “Every business and household must have a computer and must run Microsoft software”

Have a Strong Team - “At Microsoft there are lots of brilliant ideas but the image is that they all come from the top - I’m afraid that’s not quite right.”

Take a Long-Term Approach –“The Internet is becoming the town square for the global village of tomorrow.”

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About Bill Gates • Born: William Henry Gates III (1955-10-28) Seattle, WA, US• Family: M,F, 2S, W, 3C; warm and friendly; encouraged to be competitive

and excel; close to M• Education: Seattle Lakeside School (SAT score 1590/1600), Harvard

University Dropout• Career: At the age of 15 yrs, Traf-o-data with Paul Allen MICROSOFT in 1975, became head at 23yrs of age 1980: partnership with IBM 1978-1981- explosive growth of Microsoft Launched windows in 1983 Listed as one of the most wealthiest billionnaires in Forbes in 1987 In 2006 announced more quality time devotion to his foundation Non-executive chairman at Microsoft at present• Philanthropic efforts: Bill and Melinda Gates Foundation(1994) to support

education, health and low income communities

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Leadership Styles

Autocratic Style – command & control, Obsession with details.

Control is basic to Gate's nature and his management practice.

Delegate Style - Hire brightest talents, more autonomy to managers.

Gates paid special attention to recruit and retain the best talent in the software industry.

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SOURCES & TYPES OF POWERS SOURCES & TYPES OF POWERS POSSESSED BY BILL GATES POSSESSED BY BILL GATES

Position Powers“Powers based on individual’s position.. Usually comes from formal authority”.

Personal Powers “Powers possessed even without having a formal power”.

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Type of Leadership: Task Oriented Leadership

More concerned with successful task accomplishment Less worry about interpersonal relations later. Situational favorability or environmental variable. Leader-member relations: the degree to which the employees

accept the leader. Task structure: the degree to which the subordinates’ jobs are

described in detail. Position power: the amount of formal authority the leader

possesses by virtue of his or her position in the organization.

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Is Bill Gates Task Oriented Leader? Yes Want performance from his subordinate/follower and work has to be done to achieve the goal/objective of the company.

Find most favorable place where positional power is high as he has most authorities in the firm Define task structure to give the direction to subordinate/follower to fulfill his vision

Bill gates style as Fiedler Model: Bill gates style as Fiedler Model: Low LPC Score – means high task oriented approach. Bill Gates appears to be interested in Results / Productivity.• Basic Leadership Style: Low LPC Task Structure – High• Position Power – Strong Leader Member Relationship – Good

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Type of Leadership: Transformational Leadership

Transformational leadership enhances the motivation, morale, and performance of followers through a variety of mechanisms. These include:

connecting the follower's sense of identity and self to the project and the collective identity of the organization;

being a role model; understanding the strengths and weaknesses of followers and work

accordingly.

Is Bill Gates Transformational Leader? YesVisionaryLong Term Approach/ Decision MakingPassionateLearner From FailureInnovativeRisk BearerContinuous LearnerTeam Oriented

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Transformational Leadership Traits of Bill GatesVISIONARY: •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.•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.

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. •Began coding software with a view to the next fifty years. 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. 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. •He was just passionate about software, coding and technology that incidentally also made him the richest man in the world.

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.

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Transformational Leadership Traits of Bill GatesINNOVATION: •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.

TEAM WORKER:•Gates, recognizing the importance of a solid and trustworthy team, also brought on two former high school friends, Ric Weiland and Marc McDonald, to be part of the core Microsoft group. •Gates knew that if Microsoft was going to get its feet off the ground, it was going to take the hard work and sweat that he trusted few others to put in.

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Bill & Melinda Gates

FoundationAs we look ahead into the next century, leaders will be those who empower others..

..last but not the least !

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THE END

Open for Questions !

Submitted by:

Group – 6, WMP 16 Batch Section B:Dipesh Jain (09078)Gaurav Bhati (09079)Puneet Jain (09099)Nishant Gupta (09092)Ranjit Kumar Das (09101)Shweta Rastogi (09109)Siddharth Shankar (09110)Swati Upadhyay (09112)