Friday, July 8, 2011

Competing in the Global Economy: How Driven Are You?

Are you the leader or the chaser?

"Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed...every morning a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn't matter whether you are a lion or a gazelle...when the sun comes up, you'd better be running."

During the course of our research, we discovered that most of the so-called entrepreneurs were not that competitive. Some were just following what the herd is doing. Others were just happy that they are barely making an impact in their niche and got their slice of the pie for that year.

We randomly estimated that less than 5% of the entrepreneurs are extremely competitive.

It is important to assess yourself and your terrain every so often. Ask yourself if you are willing to take the next big step in order to compete.

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