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Jack Welch’s Fortunes Change

Fortune Magazine appears to have lost interest in Jack Welch. Well, I’m not completely sure whether they have genuinely lost interest in him or if they are just disappointed that Welch does a column for BusinessWeek. The July 11th, 2006 issue of Fortune discusses the new business rules that are changing Corporate America. The article argues that the Welch rules are dated.

So what are some of these rules? Here are a few:
a. Agile is best; being big can bite you
b. Look out, not in
c. Hire passionate people
d. Hire a courageous CEO

I believe these rules have always mattered. What’s changed is that the companies that have followed these rules have witnessed immense success over the last decade. The technology industry and companies like Google, Yahoo, Amazon and eBay are prime examples. Ironically, these rules are similar to the values at the heart of any Web 2.0 service.

Posted by Shiv Singh at 2:26 am in News + Features

This entry was posted on Tuesday, July 18th, 2006 at 2:26 am and is filed under News + Features. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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