
|
| | |
| Rule #1:
| Expect Volatility
|
| | We
are witnessing an exponential increase in the velocity, complexity, and unpredictability
of change. This increase creates a hypercompetitive international environment
that bears little resemblance to the one that existed even five years ago. |
| | |
|
Rule #2: |
Invent New Rules |
| | Invent
your own and make others follow you! Competitive advantages and profits will belong
to innovators who transcend the existing parameters of competition. |
| | |
|
Rule #3: |
Innovate or Die |
| | Develop
conscious strategies and mechanisms to promote consistent innovation. Resting
on your laurels is simply not an option: winners are innovating and surpassing
themselves constantly. |
| | |
|
Rule #4: |
Break Barriers |
| | You
must dismantle the internal barriers that so often separate people, departments
and disciplines. The boundaries between firms and their outside suppliers, customers
and sometimes even competitors are also under severe pressure. |
| | |
|
Rule #5: |
Be Fast |
| | Implementation
is everything and it better be fast. These days it's far better to be 80 percent
right and quick than 100 percent and three months late. |
| | |
|
Rule #6: |
Think Like an Entrepreneur |
| | The
days of depending on corporate size and reputation to drop opportunities in your
lap are over. Entrepreneurs go out and make things happen and allow themselves
to fail and improve because of it. |
| | |
|
Rule #7: |
Think Global |
| | The
fastest growing markets in the world today are outside North America. Companies
can and do now shop in a single global supermarket for just about everything. |
| | |
|
Rule #8: |
Keep Learning |
| | At
the end of the day, the only truly sustainable competitive advantage will be your
ability to learn faster and better than your competitors, and to turn that learning
into new products, services and technologies before your competitors can imitate
your last innovation. |
| | |
|
Rule #9: |
Measure Performance Differently |
| | Concentrate
on key strategic and profitability drivers, ones that reveal the underlying dynamics
of your business, focus your energy on what really drives the future success of
your business. |
| | |
|
Rule #10: |
Be Nice |
| | The
place to improve the world is first in one's own heart and hands and then work
outward from there. If we improve ourselves by doing good for others, we build
a solid bridge for success in the new economy. |