New Rules of Business

New Rules for Business

Fortune writes about the new rules (and contrasts them with the old rules set by Jack Welch):

1 Agile is best; being big can bite you.
OLD: Big dogs own the street.

2 Find a niche, create something new.
OLD: Be No. 1 or No. 2 in your market.

3 The customer is king.
OLD: Shareholders rule.

4 Look out, not in.
OLD: Be lean and mean.

5 Hire passionate people.
OLD: Rank your players; go with the A's.

6 Hire a courageous CEO.
OLD: Hire a charismatic CEO.

7 Admire my soul.
OLD: Admire my might