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| Rule #1:
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Expect Volatility
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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. |
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| Rule #2: |
Invent New Rules
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Invent your own
and make others follow you! Competitive advantages and
profits will belong to innovators who transcend the
existing parameters of competition. |
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| Rule #3: |
Innovate or Die
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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. |
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| Rule #4: |
Break Barriers
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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. |
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| Rule #5: |
Be Fast
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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. |
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| Rule #6: |
Think Like an Entrepreneur
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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. |
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| Rule #7: |
Think Global
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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. |
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| Rule #8: |
Keep Learning
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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. |
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| Rule #9: |
Measure Performance Differently
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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. |
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| Rule #10: |
Be Nice
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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. |