The rules of business has changed drastically in past few years. Fortune is carrying an article of how old business rules of Jack Welch, former GE Chief, stack up with the new ones.
NEW: Agile is best; being big can bite you.
OLD: Big dogs own the street.
NEW: Find a niche, create something new.
OLD: Be No. 1 or No. 2 in your market.
NEW: The customer is king.
OLD: Shareholders rule.
NEW: Look out, not in.
OLD: Be lean and mean.
NEW: Hire passionate people.
OLD: Rank your players; go with the A’s.
NEW: Hire a courageous CEO.
OLD: Hire a charismatic CEO.
NEW: Admire my soul.
OLD: Admire my might.