Wednesday, March 22, 2006

Fix it or Close it

"If you weren't already in that relationship, would you enter it today? And if the answer is no, what are you going to do about it?"

- "Inspired" by Peter Drucker's Quote

5 comments:

Paresh Y Murudkar said...

Can I know the original quote?

Piyush Mattoo said...

Yeah..mention the Original quote also.That way we can appreciate your idea in a better manner.

Shailesh said...

I have changed only a single word. Just to get responses from people to know, what Drucker said about business is true for realtionships.

Tell me what do you think about the "adaption"

Original --
Unlike so many management gurus, he did not have all the answers. He only had smart questions. Shortly after Welch became CEO of GE in 1981, he invited Drucker for a meeting. Drucker asked two questions.

“If you weren’t already in a business, would you enter it today? And if the answer is no, what are you going to do about it?”

Welch answered those questions by determining that if GE could not be #1 or #2 in a particular market, it would exit that market. Over the next 25 years, GE became one of the most successful companies in the world.

Read more at http://fusionbrand.blogs.com/fusionbrand/2006/01/_how_do_you_kno.html

Jigar Gosar said...

humm, i had read about the idea, "Enter only those race which you can win". But this is new to me "Exit the race where you cannot be #1 or #2". Intresting answer by welch.

Raj Beniwal said...

What if the answer was YES!!! - No explation needed rt?
This is how management ppl solve problems.. Isn't it the best way out??