Be number 1 or 2 in your business or get out.
About this quote
- What does it mean?
- Aim to be a top performer in your field or exit because mediocrity is not sustainable.
- In plain terms
- Be number one or two in your business or quit.
- What can you take from it?
- Mediocrity has no place in competitive markets.
Where it applies
Putting it to work
Questions to consider
- Is your business positioned to lead?
- When should you exit a market?
Another view
Some niches don't need to be number one to survive.
More from Jack Welch
An overburdened, overstretched executive is the best executive, because he or she doesn't have the time to meddle, to deal in trivia, to bother people.
Permalink to quote #17 Change before you have to.
Permalink to quote #19 An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.
Permalink to quote #16
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