Professional Documents
Culture Documents
Now in above stage we find opportunities in market so we can compete with these opportunities but here we have to give priority on the basses of 80:20 rules. Timing rule Timing is very important in chaotic market because many opportunities on the bases of time if we late to enter in market so we lose the opportunities. Exit rule If we know entry rule means timing rule so also should have to know exit rule. Because if we dont know where to stop it is not working in chaotic market. The optimal number of rules for a particular company can also shift over time, depending upon the nature of the business opportunities. In a period of predictability and focused opportunities, a company should have more rules in order to increase efficiency. It is important for the companies with simple rule strategies to follow the rules religiously think ten commandments, not optional suggestion-to avoide the temptation to change them too frequently.