Psychology Entrepreneurial Characteristics Clearly, Richard Term Paper

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He also is the richest man in the world, and came from a high-achieving family. (His mother was a college regent and the head of United Way.)

Gates was known for years as an autonomous loner. He did not marry until he was nearly 40, and he keeps a very low public profile, unlike the more charismatic and outgoing Branson.

Gates is legendary for his need for dominance. Neither he nor Branson "need" to work anymore, they could live comfortably off their income for the rest of their lives. However, Gates continues to run Microsoft, and be involved in all the decision making. He is "transitioning" out of the leadership role to lead his charitable foundation, but it will take two years and he will still be involved in high-level decisions. It seems it is very difficult for him to give up the reins and he must dominate the company he created. In the beginning, he had to review every line of code in every program, as well.

The entire creation of Microsoft was risk taking at its best. Young Gates and his fellow private school students began studying computers and writing code when they were still young teens.

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Their first successful commercial venture came after they pitched a software program to Micro Instrumentation and Telemetry Systems, a computer company. The program did not exist, they just wanted to know if there was interest in it. That was risky, and so was leaving Harvard before he graduated to create the BASIC program and start Microsoft.

Gates does not rely on intuition as much as Branson does, but he still created Microsoft with at least some intuition. He and Paul Allen essentially sold a software program that did not exist when they created BASIC, and when they wrote and demoed it, they did not even have a computer to test it on. Gates intuitively knew the code he wrote was sound, and it worked perfectly the first time it….....

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"Psychology Entrepreneurial Characteristics Clearly Richard" (2007, January 06) Retrieved June 30, 2025, from
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