An Information Technology Entrepreneur Essay Example | Topics and Well Written Essays - 2000 words

An Information Technology Entrepreneur - Essay Example It results in job creation, a forward looking and self sufficient society as well as increased foreign trade. It leads to the development of certain areas especially rural areas where certain factories are setup to achieve lower costs. Entrepreneurship results in competition between businesses thereby leading to better quality and more choice for the consumer. Another advantage of entrepreneurship is its ability to promote modern technology in small scale manufacturing to enhance productivity. Thereby entrepreneurship and innovation must be encouraged. (Langlois, 2) Entrepreneurship is not limited to a certain field, nation or profession. It transcends all such boundaries to become a major force in the development of a society. Information technology is a field in which exemplary entrepreneurial talents have emerged. It is also an area which requires constant innovation and entrepreneurship. This is because technology keeps getting upgraded and the world keeps moving forward in this field. The information technology explosion has taken the world by storm and has lead to an entrepreneurial culture which has given way to many scientific advances, the likes of internet, portable networking and email included. (Brown and Ulijn, 83) Many entrepreneurs in the information technology arena came and went. Many were successful others not so. However, none have left a mark on the information technology industry like Bill Gates, the founder of Microsoft Corporation has. Microsoft Corporation is the largest software company in the world. It is the company that made Bill Gates the second richest man in the world being its largest stockholder and the youngest self-made billionaire. He is worth a whopping $6.1 billion. In 1994 his company made $953 million last year on sales of $3.75 billion. Microsofts $25 billion market value tops that of Ford, General Motors, 3M, Boeing, RJR Nabisco, General Mills, Anheuser-Busch or Eastman Kodak.