Meaning, Gap will execute successfully depending on their ability to hire talent from the existing competition, who have amassed decades of China merchandising skills and operating data.

FORBES: Fashion Retail:From Afterthought to "Cornerstone" in 10 Years

He tries to personally hear as many good business proposals as possible, grilling potential employees or partners about the viability of the business plan, size of the potential market and existing competition.

CNN: Change Is in the Air

After all, it was the then-existing competition--from growing suburban newspapers, television, all-news radio stations and, of course, the Inquirer and Daily News--that lured readers and advertisers away from the Old Gray Lady of Market Street and helped ensure her doom.

FORBES: Freedom Of The Press Means Freedom To Fail