An organization's ability to learn, and translate (that) learning into action rapidly, is the ultimate competitive advantage. ~Jack WelchJack Welch and the Basic Concept of Competitiveness
Jack Welch, former Chairman and CEO of General Electric, a.k.a. G.E., is probably one of the world’s most influential CEO in modern business management. When he speaks, other CEO's listen. Because he makes sense, and he has proven his management theories when he led G.E. to its unprecedented growth and profit. In fact, when he “left GE, the company had gone from a market value of $14 billion to one of more than $410 billion at the end of 2004, making it the most valuable and largest company in the world. (Wikipedia)”
Why take the pain to mention Welch here? Because in my mind, he taught us about the value of competitiveness in business. He cautioned businesses:
“If you don't have a competitive advantage, don't compete.”
True!
Nor Franco