The ever speeding dynamism of global economy is touching a new high each day. It is almost impossible to run new age businesses with the old and traditional business patterns and ideas.



Jack Welch has not lost focus even after retiring from General Electric and remains in the spotlight even now. The man who dominated the global business for almost a quarter of a century with immense success is famous for business acumen. His books are natural bestseller.



However, CNN attempts to make a clear distinction between his core business ideas and the contemporary corporate style of functioning.



A look at new and old world business rules:



New World ———————————- Old World

1 Agile is best; being big can bite you. — —Big dogs own the street.



2 Find a niche, create something new. ———-Be No. 1 or No. 2 in your market.



3 The customer is king. ————————Shareholders rule.



4 Look out, not in. —————————-Be lean and mean.



5 Hire passionate people. ———————-Rank your players; go with the A’s.



6 Hire a courageous CEO. ———————–Hire a charismatic CEO.



7 Admire my soul. ——————————Admire my might.



Via CNN