Wednesday, July 12, 2006

Growth and the winds of change

I've written about growth from time to time, suggesting that a singular focus on growth likely won't serve us as companies, as people, or as a society well. Now Betsy Morris, Fortune senior writer, has written a piece called Tearing up the Jack Welch playbook.

While throwing out statements such as "of 58 large companies that have announced Six Sigma programs, 91 percent have trailed the S&P 500 since" and "Technological advances and changing business models have diminished the importance of scale, as outsourcing, partnering, and other alliances with specialty firms ... have made it possible to convert fixed costs into variable ones," she lists seven rules of the Jack Welch playbook and proposes seven new rules of business today.

If you're in business, take a look. What's your reaction? Are you shocked or surprised at her conclusions, or are you relieved to hear someone saying what you might have been feeling for a while?

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