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When I got older, I recognized the business world as a similar competitive environment, and when I applied this mantra and carried it as a mentality from start-up to exit, I would always win.
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Since corporate culture is the only truly sustainable competitive advantage, leaders must ensure that their culture is adapting to the changing business environment.
FORBES: To Be One of the 'Best Places to Work,' Build a BRAVE Culture
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Rising costs, higher incomes for Chinese labor and an increasingly competitive international business environment will pressure the big corporations in China again this year.
FORBES: American Multinationals See China Profits Decline Again
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Given the uncertain economic environment, competitive dynamics and soft Consumer business, Dell expects third-quarter revenue to be down 2-5 percent from second-quarter levels.
ENGADGET: Dell reports Q2 earnings: rakes in $14.5 billion of revenue, nets $732 million in profit
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On the other hand, some managers and firms look at the same business environment and see enormous opportunities for growth and competitive advantage.
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"On the other hand, our mobile phones business faces a difficult competitive environment, and we are taking tactical actions and bringing new innovation to market to address our challenges, " he added.
BBC: Nokia shares fall despite higher Lumia sales
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Our manufacturing costs are simply not competitive due to the many rules, potential lawsuits, high taxes and anti-business environment.
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"Despite a difficult business environment, we achieved stable profits in the second quarter through our differentiated products and competitive technology, " said Robert Yi, Senior Vice President and Head of Investor Relations.
ENGADGET: Samsung's Q2 2012 earnings show $5.86 billion operating profit, that's a lot of Galaxy S IIIs
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Now think of the possibilities, at this remarkable moment in time--as we climb out of the global downturn, enter the so-called "new normal" set of economic conditions, adapt to a business and competitive environment of accelerating complexity and stand witness to a historic explosion of information.
FORBES: Magazine Article